Brunch Pool Aims to Support Cardano (ADA) with Long Term View via Staking Pool
Brunch Pool hopes that the 6th March is a watershed moment in the development of Cardano. They plan on asking for higher fees from stakers in their mining pool, particularly looking for investors who are looking for long-term growth, rather than short-term gain, driving sustainable and incremental development.
In effect, they want to make innovation a greater incentive than simply making money, and they are prioritizing the Cardano ecosystem with their stake pool. The reason they are giving is that they value the long-term, and as such, so should people who invest in a stake. They also believe that without constant innovation and a very active community, the Cardano community will not survive.
Not A Mining Pool, It Is A Staking Pool
Brunch Pool plans to be, at least for the time being, exclusively part of the Cardano ecosystem. Brunch Pool put out a notice via Medium.com explaining how they were different from most other mining pools.
They believe that the fees charged by other mining pools, going up to 4%, are only there for overheads and personal profit. They want to charge more, but instead of taking it for themselves, they will be actively reinvesting the money in the Cardano ecosystem where the hope is that the investment will have a positive impact on the price of ADA.
This will, in turn, lead to more money for people who stake a claim earlier on. While they will not focus on profit, that does not mean they will ignore server upgrades, or put a good user experience in second place. Those are critical to their success, and as they say int heir Medium notice, they are fully committed to making everything as good as possible.
Smaller Pool, Higher Quality Of Investors
In a playful tone, they do mention that while many are in crypto due to being tech-heads, they do not want to alienate people who are simply looking to profit. They honestly believe that the profits will be higher eventually than any competing service and are
“staking their reputation on it.”
They are fully aware that they may not find as many people to invest in such a unique idea, but due to their absolute belief in the Cardano ecosystem and ADA, they feel that the increased future profits will more than make up any current or short-term shortage of funds that may be experienced.
They have not stated explicitly how much extra they will be charging above the standard 4%, but they have stated it will be higher. They have not said when they expect to announce the news, though industry observers believe it will be soon, as they have promised more news in their Medium article.
Cardano as an ecosystem
Cardano (ADA leverages the Ouroboros proof-of-stake algorithm). Ouroboros is unique as a PoS protocol as it based on formal, peer-reviewed research done by academics. Investors have been told that it will soon allow passive income to earned via staking, but there is no hard and fast time limit to draw upon. ADA is the native token of the open-source blockchain project.
ADA has gotten stronger in recent days with Cardano's mainnet upgrade, overtaking Tron (TRX) and getting into top-ten following an 18.7% increase in the value of ADA.