{"id":460085,"date":"2021-03-31T20:00:11","date_gmt":"2021-03-31T20:00:11","guid":{"rendered":"https:\/\/wncen.com\/?p=460085"},"modified":"2021-03-31T19:20:16","modified_gmt":"2021-03-31T19:20:16","slug":"500-b-in-ada-delegated-for-this-purpose-community-takes-over-cardano","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/500-b-in-ada-delegated-for-this-purpose-community-takes-over-cardano\/","title":{"rendered":"$500 B in ADA delegated for this purpose, Community takes over Cardano"},"content":{"rendered":"<p>Driven by a community initiative, US$500,000,000 has been raised in <a href=\"https:\/\/wncen.com\/news\/cardano\/cardano-listed-on-coinbase-adas-price-rises\/\">ADA<\/a> to be given to charity through so-called &#8220;mission-driven stake pools&#8221;. Via a post on the Cardano forum written by Elliot Hill, part of the Cardano Foundation team, platform users were informed of the following:<\/p>\n<blockquote><p>The rewards from these pools, generated by the collective power of you, our Cardano community, are being donated to more than 100 charitable organizations worldwide.<\/p><\/blockquote>\n<p>Mission-driven stake pools, according to the post, are those that have committed a portion of their block rewards to charity. This initiative is part of a new donation system that Cardano&#8217;s community is aiming to put in place.<\/p>\n<p>Because stake pool operators also receive part of the rewards, charities, non-profit organizations and specific cause-oriented projects can be supported on Cardano in a sustainable fashion. The official post states:<\/p>\n<p>The rewards generated from a mission-driven pool are similar to those generated by purely for-profit stake pools, which means delegators can drive social good while also meeting their personal crypto goals.<\/p>\n<p>Organizations that are supported by the Cardano community include regular donations to Save The Children, a project created to maintain the health of children around the world within the United States and in conflict zones; The Water Project, an initiative to provide access to clean water to communities in the Sub-Saharan African region; SolarAid, a project created in 2006 to combat poverty and climate change, among many others. The official post affirms:<\/p>\n<blockquote><p>Together, more than 10,000 individual delegators\u2014ada holders like you\u2014have pledged a proportion of their personal ada holdings to more than 60 mission-driven stake pools on Cardano.<\/p><\/blockquote>\n<p>With improvements and new proposals in development, Cardano&#8217;s community is working to make it easier for donations to be delivered. In the near term, there are plans to introduce third-party payment gateways and a fully transparent auditing method created with metadata on Cardano&#8217;s blockchain. Hill said:<\/p>\n<blockquote><p>(\u2026) reaching US$500,000,000 of ada staked to mission-driven stake pools is a significant milestone for the Cardano ecosystem, proving that serious use-cases focused on social good and financial inclusion are already emerging from the Cardano community.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Half a billion dollars worth of Ada delegated to mission driven pools! <a href=\"https:\/\/t.co\/4JfcHDm7oQ\" rel=\"nofollow\">https:\/\/t.co\/4JfcHDm7oQ<\/a><\/p>\n<p>&mdash; Charles Hoskinson (@IOHK_Charles) <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/20556802?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 31, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Cardano\u2019s D-Day is upon us<\/h2>\n<p>Tomorrow, Cardano will officially enter a new age of full decentralization. As reported a few days ago, the stake pool operators will take over the start production of all the platform\u2019s block. Therefore, <a href=\"https:\/\/wncen.com\/news\/cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move\/\">the D parameter will drop to 0.<\/a><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Not long now&#8230; <a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Cardano<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ADA<\/a> <a href=\"https:\/\/t.co\/jEtPZPR007\" rel=\"nofollow\">pic.twitter.com\/jEtPZPR007<\/a><\/p>\n<p>&mdash; Input Output (@InputOutputHK) <a href=\"https:\/\/twitter.com\/InputOutputHK\/status\/53419776?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 31, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This event will take place in approximately 3 hours, at the time of writing, according to the most recent update from Input Output Hong Kong, developer of Cardano. Marketing &amp; Communications Director for IOHK, Tim Harrison, recently highlighted that decentralization is one of &#8220;Cardano&#8217;s core values.&#8221;Adding that this milestone will \u201cadvance\u201d the platform governance model, Harrison <a href=\"https:\/\/iohk.io\/en\/blog\/posts\/2021\/03\/31\/decentralization-to-d-0-day-and-beyond\/\" target=\"_blank\" rel=\"nofollow\">said<\/a>:<\/p>\n<blockquote><p>Ultimately, it will result in the creation of a platform wholly and democratically operated and controlled through its global community of SPOs, developers and users.<\/p><\/blockquote>\n<p>ADA is trading at $1,19 with small losses of 2.3% in the 24-hour chart. In the weekly chart, ADA has 5.5% gains.<\/p>\n<figure id=\"attachment_460114\" aria-describedby=\"caption-attachment-460114\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-460114 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA-5.png?resize=860%2C424\" alt=\"Cardano ADA\" width=\"860\" height=\"424\"><figcaption id=\"caption-attachment-460114\" class=\"wp-caption-text\">ADA moving sideways in the 24-hour chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/a4lKch7J\/\" target=\"_blank\" rel=\"nofollow\">ADAUSDT Tradingview<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Driven by a community initiative, US$500,000,000 has been raised in ADA to be given to charity through so-called &#8220;mission-driven stake pools&#8221;. Via a post on the Cardano forum written by Elliot Hill, part of the Cardano Foundation team, platform users were informed of the following: The rewards from these pools, generated by the collective power of you, our Cardano community, are being donated to more than 100 charitable organizations worldwide. Mission-driven stake pools, according to the post, are those that have committed a portion of their block rewards to charity. This initiative is part of a new donation system that Cardano&#8217;s community is aiming to put in place. Because stake pool operators also receive part of the rewards, charities, non-profit organizations and specific cause-oriented projects can be supported on Cardano in a sustainable fashion. The official post states: The rewards generated from a mission-driven pool are similar to those generated by purely for-profit stake pools, which means delegators can drive social good while also meeting their personal crypto goals. Organizations that are supported by the Cardano community include regular donations to Save The Children, a project created to maintain the health of children around the world within the United States and in conflict zones; The Water Project, an initiative to provide access to clean water to communities in the Sub-Saharan African region; SolarAid, a project created in 2006 to combat poverty and climate change, among many others. The official post affirms: Together, more than 10,000 individual delegators\u2014ada holders like you\u2014have pledged a proportion of their personal ada holdings to more than 60 mission-driven stake pools on Cardano. With improvements and new proposals in development, Cardano&#8217;s community is working to make it easier for donations to be delivered. In the near term, there are plans to introduce third-party payment gateways and a fully transparent auditing method created with metadata on Cardano&#8217;s blockchain. Hill said: (\u2026) reaching US$500,000,000 of ada staked to mission-driven stake pools is a significant milestone for the Cardano ecosystem, proving that serious use-cases focused on social good and financial inclusion are already emerging from the Cardano community. Half a billion dollars worth of Ada delegated to mission driven pools! https:\/\/t.co\/4JfcHDm7oQ &mdash; Charles Hoskinson (@IOHK_Charles) March 31, 2021 Cardano\u2019s D-Day is upon us Tomorrow, Cardano will officially enter a new age of full decentralization. As reported a few days ago, the stake pool operators will take over the start production of all the platform\u2019s block. Therefore, the D parameter will drop to 0. Not long now&#8230; #Cardano $ADA pic.twitter.com\/jEtPZPR007 &mdash; Input Output (@InputOutputHK) March 31, 2021 This event will take place in approximately 3 hours, at the time of writing, according to the most recent update from Input Output Hong Kong, developer of Cardano. Marketing &amp; Communications Director for IOHK, Tim Harrison, recently highlighted that decentralization is one of &#8220;Cardano&#8217;s core values.&#8221;Adding that this milestone will \u201cadvance\u201d the platform governance model, Harrison said: Ultimately, it will result in the creation of a platform wholly and democratically operated and controlled through its global community of SPOs, developers and users. ADA is trading at $1,19 with small losses of 2.3% in the 24-hour chart. In the weekly chart, ADA has 5.5% gains.<\/p>\n","protected":false},"author":535,"featured_media":460091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896,3],"tags":[12333,79508,12332],"class_list":["post-460085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","category-news","tag-ada","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\n<title>$500 B in ADA delegated for this purpose, Community takes over Cardano<\/title>\n<meta name=\"description\" content=\"Driven by a community initiative, US$500,000,000 has been raised in ADA to be given to charity through so-called &quot;mission-driven stake pools&quot;. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/wncen.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"$500 B in ADA delegated for this purpose, Community takes over Cardano","description":"Driven by a community initiative, US$500,000,000 has been raised in ADA to be given to charity through so-called \"mission-driven stake pools\". 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"$500 B in ADA delegated for this purpose, Community takes over Cardano","url":"http:\/\/wncen.com\/news\/500-b-in-ada-delegated-for-this-purpose-community-takes-over-cardano\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/500-b-in-ada-delegated-for-this-purpose-community-takes-over-cardano\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA-4.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA-4.jpg?fit=541%2C355"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","adausdt","cardano"],"dateCreated":"2021-03-31T20:00:11Z","datePublished":"2021-03-31T20:00:11Z","dateModified":"2021-03-31T20:00:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"$500 B in ADA delegated for this purpose, Community takes over Cardano\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/500-b-in-ada-delegated-for-this-purpose-community-takes-over-cardano\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/500-b-in-ada-delegated-for-this-purpose-community-takes-over-cardano\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Cardano-ADA-4.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Cardano-ADA-4.jpg?fit=541%2C355\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"adausdt\",\"cardano\"],\"dateCreated\":\"2021-03-31T20:00:11Z\",\"datePublished\":\"2021-03-31T20:00:11Z\",\"dateModified\":\"2021-03-31T20:00:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA-4.jpg?fit=541%2C355","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/460085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=460085"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/460085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/460091"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=460085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=460085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=460085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}