Spectrum Pool's Blog

Spectrum Pool - List of Donations

As per our announcements, the Spectrum Pool will be donating a big part of pool fees to charity. For 2020 and 2021 we have selected Pencils of Promise. Currently SPEC donates 40% of pool fees, for a historical list of the donation policy can be found on our announcements page.
This is a reverse chronological list of all donations the Spectrum Pool has done since its beginning.

2021-01-31

We kicked off 2021 with an amazing active stake of 3.6M Ada!!! From the six epochs that got payed out in January (237-242) SPEC produced blocks on four.

Due dilligence:

Adding the pool fees we get:
376+377+399+397=1549
Of those 40% got donated according to the Spectrum Pool 2021 donation policy.
1549 * 40% = 619.6
Let's round up and donate 620 Ada!

ZEC: 2.89294ⓩ (2.89304 - 0.0001)
USD: 254.3147$
ADA: 620₳

Outgoing Ada: Tx a037627df263e411bd...88fd5dd1ff89af9fe
Outgoing donation: Tx 474b283120be22c82ed6...846b284785dd8f

2020-12-28

SPEC minted one block in epoch 233! 1010 Ada go to Pencils of Promise!!!

This brings the total SPEC donations for 2020 to 4485₳ (568$)! Thanks to everybody for your words of encouragement and advise and thanks to our loyal delegators. Regardless if you are our loyal 10k delegator that is with us since September or the 3.5M₳ whale that joined us five days ago. We love you for helping us realize our mission!

📢Last #SPEC Donation log for 2020
In December we made one block and where able to donate 1010 $Ada to @PencilsOfPromis via @TheGivingBlock

SPEC donations in 2020: 4485₳ (568$)🔥
SPEC annual ROS: 6.95% 🚀

Thanks to ALL our Delegators!🙇‍♂️

DD: https://t.co/LZ4dyIqzR3 #Cardano pic.twitter.com/kavRahqImX
— SPEC - The Spectrum Cardano Pool (@SpectrumPool) December 29, 2020

Due dilligence:

For epoch 233 SPEC controlled 120k Ada from the 130k Ada staked to the pool. We since have increased the pledge to 100k and will be using the remaining 20k as petty cash to pay for ongoing expenses from time to time.

Of the 1095 Ada rewards for that epoch 233 block 1010.769230769 are SPEC profit (0.923076923 Stake ownership of 130k). As our mission statement states we will be donating 100% of the SPEC staking income to a charity as long as our stake is so small (SPEC is the main stakeholder). We converted the Ada to SEC 1010.769230769 × 0.00238420 = 2.409876 and donated 2.40987 ZEC to Pencils of Promise via The Giving Block.

Transaction: b481b29d306e6793a97f48563d524fce3833017dadbfeb0686b92ebe384859ab TX on zecmate.com

ZEC: 2.409876ⓩ
USD: 156.4$
ADA: 1010₳

2020-10-23

We made a block! In epoch 221 we made a block and the pool got 1330 Ada for that. So this money was exchanged for 2.23ZEC Zcash on Kraken and donated to the Pencils of Promise via the Giving Block. I am very happy to be able to contribute in this way to two very important things

Empowering the decentralization landscape in IT and Finance.
Giving people chances!

"Build Chances"

For epoch 221 #SPEC could once more donate 1.330 delicious $ADA to @PencilsOfPromis 🎉🍾

All #Cardano #HODL ers, come stake with us and lets make Cardano great, have a great ROS AND have an impact! #StakingForGood 💪🖖🏳️‍🌈

Details: https://t.co/hHQIG3AyvB pic.twitter.com/sDhCpLUATz
— SPEC - The Spectrum Cardano Pool (@SpectrumPool) October 23, 2020

Due dilligence:

ZCASH Donation: https://explorer.zcha.in/transactions/1619b17dd4ab2e51b707a25f3befa26db593bb1cb8c4fa0102a7202760b82b06 ADA outbound: https://explorer.cardano.org/en/transaction?id=76e6d3338c2ec040b7c991d00e065d048797e2a28efc02ff27b72e51e8be3254

ZEC: 2.23ⓩ
USD: 146.6$
ADA: 1330₳

2020-09-02

Putting our money where our mouth is! 💰💰 To @PencilsOfPromis ! Thanks @TheGivingBlock for this service, maybe next time we will be able to pay in #Cardano $ADA 🤓✌️ pic.twitter.com/eVp18sx5tR
— SPEC - The Spectrum Cardano Pool (@SpectrumPool) September 2, 2020

ZEC: 3.1999ⓩ
USD: 265$
ADA: 2145₳