Below is a snapshot from https://pooltool.io/
I haven’t been paying much attention to this data on Rewards until I noticed it unexpectedly. For those with financial experience the implications are obvious from an investment point of view. But here is my opinion as a firm Cardano project believer:
- After just over 2-months, as at 02/22/2020 for the ITN-1.0, a Reward totalling ADA 188,239,006 ($11,021,393.80 for ADA = $0.05855) has been distributed to Stakers & Pool Operators.
For those who have been believers in the Cardano project, this payout will escalate in value exponential as the price of Cardano goes up. Example:
If ADA = $1 this will convert the Rewards to $188,239,006. Given the massive crypto impacting financial infrastructure that Cardano & Emurgo are building, this valuation is most likely to be exceeded easily by end-of 2020 in the worst case scenario as a result of unexpected delays in delivery of the last phases.
- There is yet a great opportunity for those who missed out on the current ITN-1.0. When the next snap-shot is taken for the ITN 2.0, I believe there will be a very significant increase in additional Stakers and Pool Operators who are currently, chomping on the bit, having missed out on easy money because of skepticism, or seeing Cardano as a competitor to their project or just plain ignorance about Cardano. I am sure, even some of those who have been rubbishing the Cardano project, but are now envious of having missed out, have been quietly accumulating ADA waiting for ITN 2.0. You don’t have to love Charles H. or Cardano, it is easy and secure money creation for the taking or Staking…come one come all!
Holding Bitcoin, Ethereum, XRP, BCH, BSV, LTC, etc. will not give you this guaranteed free money in perpetuity, unless they introduce Staking or similar rewards model. That is why, I believe, when this goes to Main-net, it will explode.
- Given that one of the core technologies within Cardano staking/ Pool Operations is to prevent the concentration of control by a few players, and Cardano is so “dirt” cheap compared to say, Tezos ($3.41 as at 02/22/2020) which does not have anything as sophisticated as the Cardano infrustructure in its delivery plans for 2020. So small operators and small holders of ADA will be guaranteed to earn an attractive return, much higher than Interest rates and even some major stocks. Especially, when you have a daily or weekly income for each Epoch as well as the movements in the price. The small operators won’t be smashed by large players coming into the Pool Operations, like has happened with Bitcoin mining.
The attraction to participate in Staking will be irresistible for anyone who has been struggling to survive the Crypto - Climate confusion with large swings which are likely to continue as we reach closer to the Bitcoin halving expected in May 2020. It seems so much safer to have a stake in Cardano and ride the wave as the crypto market rises, but also earn staking rewards every day whose values will also raise with the market. Double investment reward whammy! Once the Bitcoin halving is over and its impact has passed, ADA stakers will still be earning a steady free flow of income at virtually no risk!
Hope to get some good feedback…