 Welcome to Digital Asset News. My name is Rob. And today, what I want to talk to you about specifically is leaving Cardano on centralized exchanges. Now, it is June 26, 2022, and we've seen some different issues already pop up with Luna. We've seen three arrows capital, and the contagion that is happening on with Celsius, potentially Voyager, and other centralized exchanges. So I think now, better than ever, the best time is to take a look at what crypto you have on certain exchanges and take that crypto offset exchanges. Another thing I want to talk to you specifically about, of course, is Cardano. Now, we put out some rules recently, which were just five, and they're basic, which is never invest more than you can afford to lose. And that's why I say it's all gone. And then, of course, the next one is 100% scams, meaning everything's a scam. Treat everything as a scam until proven otherwise. And the third one is no exchanges. Now, you can leave some crypto on some exchanges. I'm not perfect either, but I'm not telling you to, I don't think it's a good idea to leave your life savings on one certain exchange. So what I want to really go over today is taking your crypto off exchanges and, more specifically, Cardano. So we already did this video previously. So what we're going to talk about is exactly what Cardano is, proof of work versus proof of stake, how it actually works, walking through the whole process, gives you a wallet that you are in control of, not another exchange meaning control of your crypto itself. And then, of course, lastly, how to stake to the de-new stake pool, the type of rewards to expect, and how everything plays out. So that'll be the video for today. As today, we are in Houston, taking care of some things with real estate. So enjoy the video. This is a previously one that we had done before, but I think right now it's timely that we talk about this specific subject right now. So let's jump in. So let's break it down to the basics. A POW system or proof of work system is the kind that Bitcoin uses where a bunch of computers solve complex math problems and they get a reward, which is more Bitcoin. Now, Cardano is different. Cardano uses a proof of stake system, which is like a lottery, and each ticket is one Cardano token. So the more tickets you have, the greater chance you have to win the lottery prize. And that prize is the opportunity to validate a block and add it to the Cardano blockchain. When you win this opportunity, you must be online at the exact time of winning, or else this opportunity will go to the next Cardano holder and you could miss out on the chance to claim that reward. Or you could simply delegate to a stake pool like de-news, which is up and online 24-7, 365, so there's never a chance you won't miss out on rewards. Now, as far as rewards, expect to receive approximately 4-6% annually, which really, I mean, it's pretty good for just delegating. Now, rewards are paid out every epic, and a Cardano epic is every five days. Your initial delegation stake may take about two to three epics to receive rewards, which is like 10 to 15 days, but after that, expect your rewards every single epic. Now, to clarify this point, there is a nice little graphic that I like to use called the delegation cycle, and it really depends on when you start to delegate. So if it's at the very beginning of an epic, at like, let's say, 213, it will take you a while to start to receive those rewards. If you stake at the tail end of a particular epic, then it'll be a little bit shorter. So just so you know, that is exactly how these things work out. Now, delegating your Cardano does not put your ADA at risk as your Cardano stays in your wallet. Your Cardano is absolutely not locked up. You can un-stake at any time, and you're free to move, so there's no lockup time frame or anything of that kind of nonsense. Also, there's no minimum requirement to stake, and you can add or remove your Cardano at any time for staking at the DNews staking pool. Also, stake pools such as DNews are trustless, which means that we don't receive your rewards and then disperse them to you. Actually, what happens is a Cardano protocol determines your rewards and pays out automatically directly to your wallet. Another great benefit of Cardano staking and choosing a stake pool such as DNews is that there are no slashing penalties. With a 3M 2.0, you could get a slashing penalty or have part of your stake teeth reduced, taken away, or just simply burned for errors on the validator's part, and this could be intended or not intended. So this actually does not happen on the Cardano network, and this is why we're excited to be staking on it. Now, the worst that could happen is that she won't be rewarded for a block, but even that won't happen here at DNews, as we have, again, 24-7, 365-monitoring by Rafana, and Kubernetes through the Microsoft Azure, which is enterprise class. It's highly secure, and it's proven as one of the most reliable sources, which is why we picked it. Now, it's pretty expensive to run on it, but it's one of the ones, or the best ones out there, and it's why we went in that direction. Now, there's two fees for the DNews stake pool. There's a 340 fixed fee, which is mandatory by the Cardano Foundation for all pool operators. This is automatically taxed from all the rewards that the pool collects, so this fee is spread out over the entire pool. Now, some other pools may charge more, but we charge the absolute bare minimum. The DNews stake pool margin fee is 5%. That means that if you make 180A, then the rate to the DNews pool is 580A. Now, some charge more and some charge less, but with our platform, reliability, uptime security, and competitive fees, I think we have a great choice for you to stake your Cardano. So let me break down these two fees in further detail. So, we're talking about the 340 fixed. That is between all of the delegates for the DNews stake pool, so that would be pretty expensive if it was just one person who had to pay the whole 340, but thankfully in our stake pool, we will have thousands of people and that 340 ADA fee will be dispersed among thousands. So, if we have 340 delegates, that means that each person will pay 1 ADA. If we have 680, that means that only pay half an ADA and on and on down the line. Now, as far as the 5% fee, let me break that down even further. So, if you stake 1,000 ADA with the DNews stake pool, that would mean that you would make between 40 to 60 ADA per year because that is the industry average between four and 6% for the rewards. So, these are your rewards, 40 to 60. So, we are not charging 5% on what you stake, which would be 5% of 1,000. We are charging 5% of your rewards. So, that means that if you earn 40 to 60 ADA, so somewhere around there, that means that the staking or the fee would be only 2 to 3 ADA that you would have to pay and that is essentially it. So, now what I'm gonna do is I'm gonna show you how easy it is to stake with the DNews pool. I'm gonna use the Detalis Yoroi and ADA Light Wallet and this is our official website for the DNews Staking Pool. And real quick, let me just walk you through it. So, up top, let's click on home. Let's go to the very top. The very top of the page, of course, when you scroll over, got a nice little effect there. There's everything about DNews about what we just talked about. Owner Pledge or My Pledge is gonna be 75,000. Transparency and then you can check everything here as far as like ADA pools and just take a look at what the pool's actually doing, how well it's performing and everything else. Fees and reliability on Microsoft Azure. Kubernetes with 99.9% uptime for max blocks minting. And then there's a little snippet here about Cardano itself. This is a nice little video from Charles where he goes into details about what Cardano is, why it's a third generation blockchain, what they plan to do and everything else in between. Pretty good, but it's kinda long, about an hour or so. You can check the roadmap here, the cardano.org, IOHK, which is actually what the building part and a mergo, which is the enterprise arm of Cardano. So just take a look at that. And then this is just a quote that I feel this is why I did do the things that I do. And it's because trust is a currency you can't buy. You've seen on this channel that when I talk about things, I try to be as precise and honest and open as I possibly can. And that is, I think, why you're here. Also, with the website, downteacherscrypto.com, just a regular website that is 100% free. I don't charge anything for that. I want people to come in here and learn all about cryptocurrency assets. And this is just what I feel should be done at this time. So, then moving down, here's where we have the staking wallets. The Daedalus Uroi, an ADA light. And you can secure links here, so there's no confusion as to where you can actually get them. These are the ones that I've tested out. These are the exact websites and places you can go to download these three wallets. So there is no scamming going on, which I always hate. So just check those out. And then moving forward down, this is the exact same video we're talking about here, how to stake, some FAQs. And then this is how we compare to other pools. Now, in all honesty, starting up a stake pool, I thought it'd be a lot easier, but it is a lot of work. And there's a lot of things going on, a lot of moving parts. And really it is its own entity, it is its own business. So if you're out there looking at pools and you don't see them kind of like treating this as a legit business, then be a little bit leery because over here, I can see exactly how much work it's gonna be. And again, it is a, it's own separate business. All right, so let's go up here and let's show you how easy it is to stake with all three of the most common Cardano wallets the Daedalus, Yoroi and ADA light wallet. Now, just a quick note, you can only stake your Cardano to the DNews pool with these wallets so you can't have your ADA tokens sitting on exchange and stake from there to our pool, actually any pool, it's not really how it works. So again, if you need to download a wallet, just choose one of these three, they're all solid choices. The Daedalus wallet makes you download the entire Cardano blockchain, which takes a bit, but the Yoroi and ADA light wallets do not, so that's an option for you. Okay, let's start with the Daedalus wallet and I'll show you exactly how easy it is to stake using this wallet. All right, great. So here we are in our Daedalus wallet. This is our demo wallet. So very easily on the left-hand side, you got your wallets, ITN and some settings. We're gonna click on this little icon right here. Looks like a little square. And then I have delegation center, stake pools, rewards and info. And of course, this is our Cardano current Cardano Epic. Remember those are every five days. Next one on Epic is another four days. So that is just what it is for right now. So what I wanna do is go to stake pools and I'm gonna search for the stake pools. I'm just gonna put in DNews and there we are. Of course, we're not doing so hot right now because we are brand spanking new, so we're waiting for everybody to come on in, but this will all change. So what I'm gonna do is I'm gonna click on DNews, give us all the information, the official staking pool of digital asset news, power of Microsoft Reserve, same thing we just talked about, the rank, the pool of margin, the pledge and all that good stuff. So we're gonna delegate to this pool. This little guy's gonna pop up, wallet selection, stake pool, delegation, continue. So we're gonna select the wallet and remember it's pretty much all or nothing. So you can have multiple wallets and dead lists, but whatever you choose will be, it's going to be the entire amount of what you delegate. So for this one, I'm gonna delegate a whopping 21 ADA. I'm gonna click continue and it's gonna say, do you want to do this? Of course, yes. So just so you know, these other pools right here, one, two, three, four, five, these are the top pools that are there. But if you see that little bar right there, that green bar, that means that they're saturated. And when they're all the way full, that means that there is the limit of 63 million. Now it used to be around 205 million for the Cardano saturation point, but they reduced that to 63 million. And past that point, you get diminishing rewards. So I would not recommend to sign up for any pool that is already saturated. We monitor all that. If we become saturated, we will let you know in advance and we will start up in another pool. And that day is today. Today, it is March 23rd, 2021 and we now have two stake pools for DNews. We have DNews one with a rating of 433 and DNews two, which we just started up about a month ago at 556. You'll notice that DNews one has the bar right in the middle as does DNews two at 556 with the bar right in the middle. So what is going on here? Well, what we have here is that for our DNews stake pool one, we have over almost 1,600 delegates for people who have delegated to our stake pool and we have almost over 30 million, 209,008 ADA and our saturation point is 46.8%. On our DNews two, we have almost 1,500 delegates or people who have delegated to our stake pool at over 27 million ADA being staked to this particular pool with a saturation point of 42.5%. So why do we make two stake pools we didn't need to? Well, it's quite simple. At the end of March, the Cardano Foundation was going to reduce the amount of ADA per stake pools from, in the beginning it was over 200 million and it went to 63 million, which is what is that currently and they were going to reduce that from 63 million to only 32 million at the end of March. So we decided we would be proactive and create two separate stake pools so there was no oversaturation. So right now as it stands, you can safely delegate to DNews one or DNews two and we are only at 50% saturation at both of these different pools. So the question then is, well, what will happen if you stake to a pool that is oversaturated or over the 63 million allowed ADA per stake pool? Things like this will happen where once the ADA or ADA delegations become more than what is allowed, you start to have people lose rewards like what is happening right here with this stake pool. We do not want that to happen so we're trying to be proactive before these issues come about and that's what's best for everyone so that nobody loses any rewards. All right, so that takes care of that piece. Let's continue on with the video where I can show you how to sign up for the deadless wallet to stake into the DNews. So we're gonna click on continue and there's always a fee, of course, a little bit 0.17. That's not for us. That's the Cardinals fee. We're gonna type our spending password. Again, do not give this out to anybody. This is your spending password, kind of like your private key. So I'm gonna put this in. I'm gonna stop the video, click confirm and voila, we are done. Stake from the wallet is now delegated to DNews' stake pool. And just like we talked about, sometimes it takes two epics or three epics to really start to get everything moving and this is exactly what it says. In nine days, one hour, 40 minutes, that's when you can expect everything to really get moving and that is as easy as it gets. So that's a deadless wallet. Let's move over to the Yorai wallet. So here we are on the Yorai wallet. This is my Yorai demo. I'm just gonna click on that and it's super simple. I'm gonna go to delegation list. I'm gonna search by ID. I'm just gonna put in DNews and click search and there it is. So I'm gonna click on delegate. So now I'm gonna delegate this wallet to DNews' stake pool. So it's pretty much an all or nothing. It's either the total amount or no amount and you can break up your wallets. You can create other wallets if you don't wanna do the whole thing and do that that way. But for this one, to make it simple, I'm just gonna put 19.8. There's fees on the Kodano network which is already put in. I'm gonna put in my spending password. Again, do not give this to anybody and I'm gonna click on delegate. Great and it's already done. Successfully delegated. Track the status of the stake pool and the amount of time remaining to receive reward for the dashboard from the dashboard page. I'm gonna click on dashboard page and this is where in the Yoroi you can check everything out. So that is it for Yoroi. Pretty easy. Again, you can add as much as you want to, take it all out on stake, whatever you wanna do. That's the beauty of the Kodano network. So here we are on the ADA light wallet. So up here, obviously I'm gonna click on staking. So one thing you'll notice is that the default stake pool is the ADA light stake pool. So if you want to get to DNews, all you have to do is first of all, wipe this away, don't need this. We need the stake pool ID and to make this very simple, I actually put this right underneath the ADA wallet ID. We're just gonna copy this and then we're gonna come over here to ADA light and we're going to paste it. And then also as we talked about, if we look over on the ADA light wallet, we see the DNews 1 ID and the DNews 2 ID. And again, as a reminder, it doesn't matter which one you stake to, DNews 1 or DNews 2. There's no risk of being oversaturated right now. We're only at 30 million and the max is at 62 million. So now let's finish up delegating to the ADA light wallet. Getting pool info, DNews 5%, everything else there. So the fee of course is for Cardano. That is just one of those fees that they have. And we're gonna simply click on delegate. So pool ID, digital asset news, DNews, ticker, fixed cost, all those things we talked about and confirm transaction. And it's gonna sync the wallet. And then here we go and don't be alarmed, the delegate stake will always go back to the default ADA light. But if you see the stake, the board's history on the left-hand side, you can see that the pool's digital asset news also over on the right-hand side, current delegation, ticker, DNews and everything else right there. And lastly, I wanna mention this, if you go back to the website and go up to about DNews, there's a link right here as far as transparency. When you click on this, this will go you to ADApools.org and it will show you exactly how the pool is actually doing over time. So you can take a look out here as far as performance, blocks, reward, delegators and about. Of course, we are new right now. So we will definitely be growing and this is the place to check all that out. And now as an update, we've added a couple more pieces of information so you can stay up to date with what is actually going on with the DNews stake pool. So under transparency, we have DNews one and DNews two. If you click on DNews one, that and it'll take you to what is going on with DNews. And one thing I want you to pay attention to is the return on ADA, which is monthly. And we are right now garnishing 5.47%. Again, pretty great considering that the industry average is 4 to 6%. And the return on ADA lifetime is 5.57. So again, doing our job, doing great things. And lastly, a couple more pieces of information to go over. If you go to danthegescrypto.com and then on the very top, it'll say Cardano Staking Pool. And of course, this is the site where we're going to. When you scroll down, there's two pieces of information that we added in, which is the saturation level. So just like we saw with pools.pm, when you click on view, you can take a look at the saturation level for DNews 1 and DNews 2 and just take a look and make sure that they are not saturated. Again, maximum is 63 million. We are definitely under that. So we've got DNews 1 here and then DNews 2 and we're looking pretty good. So you can always be up to date with what is going on. So that is the first part. And you can always of course find that right here as far as the transparency as well. And then the second part, which is a major change and this is the direction we are going to go with this pool. Now for the description of both of our pools, it says, you know, this is the official staking pool in the last set of news, PowerMax of Azure, but this last sentence is super important. And it talks about the proceeds given every epic to help the global unbanked through kiva.org. What are we talking about here? Well, what is going on with, is that every epic, we are going to be giving these, what's called micro loans to the organization of Kiva. And the reason why we're doing this is because when we give the charities, we never really know what it's going, but with micro loans, we can give this to pretty much anybody we want to throughout the entire world for the underserved and unbanked. So you can break this down into, you know, women, shelter, arts, agriculture, education, tech, health, water, refugees, whatever else you want to. And we've already donated up to $500 for this cause. And again, this could be anything from like, you know, somebody in Nicaragua who needs to buy more rice for their shop or somebody who in Kenya needs a water pump for their business. But again, these are micro loans and this is what we're doing every epic. So we'll be giving 100 ADA every epic. Now, we have to exchange that for dollars. So, you know, today, Cardano's worth about $1.15. So that's about $115. But in the future, Cardano could be, you know, $3 or $5 or $10. So it just depends. So this is what we are doing and moving forward. So just know that if you are staking to DNews, there is a much bigger purpose for what we are doing here. So again, this is Kiva.org and you can find the link for this website in all my YouTube videos. You can also find it on the webpage. And the great thing about Kiva.org is that it's been around for over 14 years. And the person that founded it was one of the founders of PayPal. So that's a very structured place. It's been doing good for a very long time. And we're happy to be a part of what is going on here to make the world just a little bit better. Okay, so that's it. So I want to make that as simple as possible. Hopefully that really just spell it out and laid it out for you and make it very quick and easy. There's just three things to go over. First of all, wallet selection. Me personally, I personally like the deadless wallet. And yes, I know it takes a long time to download the entire blockchain. And it is quite a cumbersome in the beginning. But for me, it just works and I trust it. It's easy to use and that's it. The other two are solid choices, Yoroi and Adelite. But just take a look at which one works best for you. Me personally, I just like the deadless wallet and it's just how it goes. And then also don't forget to write down your spending password. So when you get the rewards, you can actually go and do those things with them, whatever you want to do. And then also don't forget about your mnemonic phrases. Don't be like me and write your mnemonic phrase down in some piece of paper somewhere and store it somewhere that you thought you could remember and then you just lose it. Me personally, in the good old days of the testnet, I wrote down my mnemonic phrase for my deadless wallet and completely lost it. And that means that 20,000 ADA is just locked and will never be seen again because I could not remember where to put my actually phrase passes or my mnemonic phrase into. So I recommend if you're gonna use anything, go and take a look at the Stonebook. I have two myself. I write down all my passphrases, all my passwords, everything else. And I've got two, one in my house, one in my bank account or one of my safety security boxes. And that really has given me peace of mind. So that is it for today. So if you liked the video and you found value, give it a thumbs up, consider subscribing. And that's it. Hopefully you will consider staking with DNews and I'll give you updates as they come in. But that is it for today. Thanks so much for watching. I'll see you on the next one.