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GET ON THE RADAR!

Why Cryptocurrency?

Cryptocurrency’s main purpose is to put the power and security of your finances in your own hands. The goal is to not have to rely on a trusted third party like a government or bank, thus avoiding the fees and restrictions that those entities typically apply. This allows for inexpensive cross-boarder transactions that let those even in bankless countries have control and freedom of their finances. The history of each transaction is encoded into a digital “blockchain” and shared amongst all coin-owners. Trust and redundancy is built into the system, and cryptocurrency becomes essentially impossible to forge.

Why Cardano?

Cardano is the most decentralized cryptocurrency network in the world. It is a 3rd generation, proof-of-stake model that relies on staking your coin (ADA) with pools like ours. Rather than thousands of computers competing to mine each single block, block validation is assigned via a lottery to participating stake pools. This minimizes the need for increasingly powerful computers to add blocks to the chain. We even run one of our nodes on a Raspberry Pi, requiring a small fraction of the energy your coffee maker consumes annually. With this design, the Cardano network uses 99.99% less energy than Bitcoin!

Cardano is about to support smart-contracts to allow the trustworthy transfer of ADA for goods and services. This is similar to Ethereum, but transfer fees with Cardano are mere pennies, much less than the exorbitant “gas fees” associated with an Ethereum transfer.

Cardano has already begun using it’s blockchain technology to support digital identity in Africa. In developing countries, securing a loan to start or business or buy a home can be difficult without a long-proven credit history. Cardano has created a blockchain-encoded digital identity that can be used to validate educational and financial history, empowering a new generation to better control their future.

Why RADAR?

Our primary mission at RADAR is to forward the decentralization of the Cardano network. After being passionate investors in Charles Hoskinson’s vision for years, we finally wanted to more actively contribute to the cause. On March 31st, 2021, the RADAR stake pool was born.

RADAR stake pool gained the notice of the Cardano Foundation and was awarded a 14.7 Million ADA grant to help back block production. With over 300 blocks produced, our pool has months of proven reliability and return.

Our fees are minimal, with the lowest possible pool fee and a 1% margin, allowing us to return the best return on investment to our delegators.

RADAR is a part of a collection of Mission Driven Pools that dedicates 10% of our profits to a non-profit entity. We have been supporting Coin Center, a cryptocurrency advocacy group whose mission is to educate policymakers to help create a favorable future for crypto innovation and assure sensible regulation as we head towards inevitable mass adoption. We make our donations on a quarterly basis. You can view our donation receipts here.

Our involvement in the community also got us an invite to participate in the Alonzo Purple testnet. Our pool is running two separate machines to help test stability of future iterations of the Cardano Network. You have the confidence in knowing that we are helping assure that your ADA is safe for the long haul.

To lower costs, maintain autonomy, and maximize decentralization, we chose to house our nodes on our own dedicated hardware rather than a commercial cloud hosting service. We are a member of the Armada Alliance, a group of stake pools committed to being sustainable and energy-efficient. By running relays on Raspberry-pi’s, our average node uses less energy than an alarm clock! Controlling our own hardware prepares us to quickly adapt as Cardano introduces smart-contracts and other new capabilities. We can also better minimize and offset our energy use. Since our origin, we have had 99.99% uptime!

So, How?

Find an exchange.

To turn your money into ADA you need a cryptocurrency exchange. Coinbase, Kraken, and Binance are three of the most popular. You might need to research which exchange is allowed in your country. Once you get an account and ACH transfer or wire money onto the exchange, you can then purchase ADA.

Download a wallet.

Once you get your ADA, its time to download the Daedalus Wallet for your computer or the Yoroi Wallet app for your phone. Many exchanges will make you wait a few days to withdraw your funds, but once you can, you can transfer your ADA to your new Yoroi or Daedalus wallet. Though some exchanges may offer Cardano staking, keeping money on an exchange is a big risk. They own the keys to your coins and in the event of a hack or security breach, you will lose access to your funds. On Daedalus or Yoroi, only you and your recovery phrase have the ability to move your ADA.

Get on the RADAR!

Now the best part: make your investment work for you and start earning free ADA by staking with us! Within Daedalus or Yoroi, search for the ticker RADAR. Delegate your money to us and within 15-20 days you will start earning ~5% return per year, with payments directly to your wallet every 5 days.

Is my ADA at risk?

NO! At no time do your coins leave your control. Cryptocurrency value is certainly quite volatile, so certainly your investment can vary in value compared to your local currency. But your ADA remains in your own wallet, and you can withdraw your funds at any time. But by keeping your ADA staked with RADAR, you help mint blocks for the Cardano Network which directly increases your rewards!

Please contact us!

We at RADAR have been passionate about Cardano since 2017. We are thrilled that you have found your way here to our page. Please follow us on Twitter for updates or e-mail us with any questions you may have. And if you are one of our delegators, let us know! The cryptocurrency space lends towards anonymity, but if you are willing to share, we’d love to know more about you and your goals!