Educate, Connect & Empower
This blog will be updated to show the current promotion requirements.
Last updated: October 26, 2021
How to earn WMT Tokens through staking your ADA?
The super short explanation
The full story
The WMT token sharing promotion comes on top of your ADA staking rewards! Our pool has normal fees (minimum fixed fees and 2% margin fees). So your Ada staking rewards are no different than other pools with the same numbers.
Make sure you delegate to our pool: ADA4Good, ticker A4G
There is a monthly snapshot and payment schedule: it happens on the first day of each month at 15:00 UTC. The first month you will be added to the snapshot and the next you are paid.
Next snapshot is on November 1st 2021 15:00 UTC. This is also the first WMT drop date (for whom made the October 1st snapshot).
All delegators who are included in a snapshot, and have not left us when the next snapshot arrives, will receive the WMT tokens based on their delegation amount on the payout snapshot.
The WMT tokens will be sent to the same Ada wallet through which you are staking with us.
Because we have to include 1.5 Ada to each WMT transfer, the minimum* stake amount is increased to 1000 ADA* for the Nov 1 snapshot.
The amount of tokens we are sharing on Nov 1 will be 1500-2000 WMT tokens.
The tokens will be distributed among delegators proportional to their stake. More Ada staked means more WMT tokens (logarithmic distribution method used).
Staking with less than 1000 ADA?
*) No problem! Because we have to include 1.5 Ada to each WMT transfer, You need to send us the 1.5 Ada in advance of the next monthly snapshot. Make sure you use the same wallet with which you delegated to our pool. The address to use is: addr1qxysyph90meq7qeyjf5caapc54aqmuum5nharm2c3wmmfscyz0r73m0a2z7c33sv0r4xequn05sl5y0ukwc8p0jg3h9q8c4nz9
For more context also read these tweets:
Feel free to join our Discord Channel for more information.
The vision and why we share WMT Tokens
It all started with Charles Hoskinson's TED Talk in 2014:
In this inspirational TEDx, Charles is talking about the billions of people without a bank who are deprived of all the financial services others with a bank can enjoy.
Cardano with its smart contracts and digital identity solutions can help include and Empower these people.
He closes the talk with another challenge: for people to use Cardano, they need to be connected to the Internet. And 40% of the planet is not connected yet!
This is where World Mobile comes in to Connect the unconnected; but in a decentralized fashion! In cooperation with IOHK (the company behind Cardano), World Mobile and its token WMT will bring the Internet to remote places where traditional mobile networks didn't go because it’s too expensive and too hard to maintain.
Lastly, we believe that technology is a great enabler, but we need to take care of our people first. If we can help and Educate children to become powerful and confident personalities, they are better able to seize the opportunities offered by technologies like World Mobile and Cardano and make a better life for themselves and their families. That is why we also donate 50% of our margin fees to Save the Children!
That is why our slogan is: Educate, Connect and Empower
Our WMT promotion
As a Cardano Stake Pool, ADA4Good (ticker A4G), strongly believes in the vision laid out by Charles in his TED talk. That is why we invested in Cardano from the very start. We are now also doing this with the World Mobile project.
To help the WMT project succeed, we want to introduce this project to our delegators. We will do that by staking our own WMT tokens and then share some of the WMT staking rewards with our loyal delegators!