As per our announcement on the SPEC home page, the Spectrum Pool will be donating 100% of its own profits to a charity until the
d
parameter has reached0.5
. From there on it will be at least 20% of the pool's income.This is a reverse chronological list of all donations the Spectrum Pool has done since its beginning.
SPEC minted one block in epoch 233! 1010 Ada go to Pencils of Promise!!!
This brings the total SPEC donations for 2020 to 4485β³ (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 3.5Mβ³ whale that joined us five days ago. We love you for helping us realize our mission!
π’Last #SPEC Donation log for 2020
— SPEC - The Spectrum Cardano Pool (@SpectrumPool) December 29, 2020
In December we made one block and where able to donate 1010 $Ada to @PencilsOfPromis via @TheGivingBlock
SPEC donations in 2020: 4485β³ (568$)π₯
SPEC annual ROS: 6.95% π
Thanks to ALL our Delegators!πββοΈ
DD: https://t.co/LZ4dyIqzR3 #Cardano pic.twitter.com/kavRahqImX
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 Γ 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: 1010β³
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
"Build Chances"
— SPEC - The Spectrum Cardano Pool (@SpectrumPool) October 23, 2020
For epoch 221 #SPEC could once more donate 1.330 delicious $ADA to @PencilsOfPromis ππΎ
All #Cardano #HODL ers, come stake with us and lets make Cardano great, have a great ROS AND have an impact! #StakingForGood πͺππ³οΈβπ
Details: https://t.co/hHQIG3AyvB pic.twitter.com/sDhCpLUATz
ZCASH Donation: https://explorer.zcha.in/transactions/1619b17dd4ab2e51b707a25f3befa26db593bb1cb8c4fa0102a7202760b82b06
ADA outbound: https://explorer.cardano.org/en/transaction?id=76e6d3338c2ec040b7c991d00e065d048797e2a28efc02ff27b72e51e8be3254
ZEC: 2.23
USD: 146.6$
ADA: 1330β³
Putting our money where our mouth is! π°π° To @PencilsOfPromis ! Thanks @TheGivingBlock for this service, maybe next time we will be able to pay in #Cardano $ADA π€βοΈ pic.twitter.com/eVp18sx5tR
— SPEC - The Spectrum Cardano Pool (@SpectrumPool) September 2, 2020
ZEC: 3.1999
USD: 265$
ADA: 2145β³