I am far from a maga holder of ADA coins, but I am interested in Staking Pools.
I have looked thru the forum and have found nothing on joining a staking pool.
What does “Delegate to this Pool” really means?
Is Delegate to this Pool the same an joining this pool?
What is the risk?
Is there a recommended amount of ADA that you need to own to join a pool?
If i leave the slider bar at 1000 and I click “Delegate to this Pool” does this mean I delegated 1000 coins top that pool?
Am i understanding this right. Lets look at #4 Space,
If i move the slide to 5000 and I delegate to Space. I have a potential reward of 3.5 coins in 5 days?
If ADA is selling at .10 I could cash out every 5 days for 35 cents and put that in my pocket?
Again is there any risk?
Is it a bad idea to delegate all of your coins?