Here’s When ADA Wallet Owners Will Get Rewarded Next

Cardano, a public blockchain platform with its internal cryptocurrency, ADA, rewards crypto enthusiasts involved in the staking process during Cardano Epoch. The proof of stake blockchain sees Cardano Epoch happening every now and then, providing those staking their tokens with a chance to get a part of the newly created blocks. 

For the unversed, in the study of time and calendars, an epoch is a specific moment chosen as the starting point for a particular calendar era. In a blockchain network, an epoch is a defined time period used to schedule events like distributing incentives or assigning a new set of validators for transaction validation.

In the world of crypto, a crypto staking epoch is more popular. A crypto staking epoch is the duration during which a node must stake tokens to qualify for involvement in the consensus mechanism of a proof-of-stake blockchain.

What Are Epochs In Cardano?

Cardano , one of the most popular staking coins in the crypto market. This means that the proof-of-stake blockchain allows token owners to assign the coin’s value to a stake pool. During the staking process, a bigger pool increases the chances of the opportunity to mint a new block in the reward. 

Once a new block is minted, all the wallets that had staked their tokens get rewards in the form of additional tokens or receive interest based on the number of tokens they pooled in for the staking process. 

The staked coins never leave the wallet of the owners who have complete ownership of the staked tokens. There is no limit on how many tokens can be staked at once. 

Each epoch has a rewards cycle at the end of which wallets who had staked their tokens receive the rewards. In the case of ADA, the Cardano Epoch rewards cycle goes for about five days. 

To date, more than 448 epochs have been concluded, with several wallets receiving rewards in the five days. Every five days, Cardano-staked wallets receive rewards at an estimated annual rate of 4.5% to 6%. The rewards are also automatically compounded, which increases the value of the staked tokens significantly.

Cardano Epoch Calendar: Important Dates

Wallet owners who stake their tokens should keep a tab of the Cardano Epoch calendar to get an estimate on when they will be receiving the rewards. These wallet owners still benefit if the price of ADA rises and of course, get rewarded at the end of each Cardano Epoch. 

The Epoch Calendar shows when rewards are paid, and earnings are automatically sent to private wallets through the Cardano protocol. These wallet owners don’t have to do anything extra to receive the rewards. 

Here’s Cardano Epoch Calendar for November 2023, December 2023 and January 2023:

Final Words

The Cardano Epoch Calendar plays a pivotal role in the rewarding mechanism of Cardano’s proof-of-stake blockchain. With each epoch lasting about five days, token owners staking their coins in pools have the opportunity of earning crypto rewards. But what makes it more rewarding is that the automatic compounding feature further improves the value of their staked tokens inturn boosting your crypto passive income.

Keeping track of the Epoch Calendar is crucial for wallet owners. As Cardano continues to progress through numerous epochs, the platform appears to be a rewarding space for crypto enthusiasts involved in the staking process.