First Look at Cardano (ADA) Incentivized Testnet Staking Rewards with 151,000 coins for 6 months

The long anticipated release of Cardano’s shelley and the staking rewards rollout approaches. Shelley will allow holders of the coin to passively earn the Cardano (ADA) cryptocurrency, via proof of stake consensus. Similar to receiving interest on a savings account or dividends from investments.

The incentivized testnet has come to an end as of June 19, 2020. It served as a test environment for the blockchain and allowed users to passively earn Cardano (ADA) coins, which will be transferred to their wallet in the future as real ADA.

Based on data collected from the incentivized testnet, holding approximately 151,593 Cardano (ADA)  (currently in a wallet and delegating your stake will yield you approximately 7,431 ADA coins, in roughly 6 months. That’s approximately 14,862 coins per year, passively and automatically.

At it’s previous high of approximately $1.33/coin, that would turn $11,942 (151,953 ADA coins: based on a current trading price of $00.07) into $202,097 and the 7,431 Cardano (ADA) coins of passive income rewards received would equate to approximately, $9,883.23.

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Price predictions from experts and enthusiasts on just the next bull run alone range from $1.00/coin to $10.00/coin. In the longterm many speculate Cardano can easily attain the prices of Ethereum (ETH) has seen.

ETH is considered its biggest rival and it saw previous highs of $1,300/coin and currently sits at $227.98/coin, at the time of writing this article.

At its previous high of, $1.33/coin:

  • That would be approximately $14,862 per year of passive income, plus a 1,692% gain on your initial $11,942, which would be worth $202,097.

At a new projected high of $2.00/coin:

  • That would be approximately $29,724 per year of passive income, plus a 2,544% gain on your initial $11,942, which would be worth $303,906.

At $3.00/coin:

  • That would be approximately $44,586 per year of passive income, plus a 3,817% gain on your initial $11,942, which would be worth $455,859.

At $5.00/coin:

  • That would be approximately $74,310 per year of passive income, plus a 6,662% gain on your initial $11,942, which would be worth $759,765.

At $10.00/coin:

  • That would be approximately $148,620 per year of passive income, plus a 12,724% gain on your initial $11,942, which would be worth $1,519,530.

At $227.98/coin, which is where Ethereum (ETH) currently sits:

  • That would be approximately $3,388,238.76 per year of passive income, plus a 290,087% gain on your initial $11,942, which would be worth $34,642,244.90

 

 

Cardano (ADA) Incentivized Testnet wallet screenshots and results as of Friday (06/20/2020) below…

Rewards Wallet BEGINNING Staking Balance..

Rewards Received:

That means one can earn a substantial income, passively, in perpetuity, by investing in Cardano (ADA), which will flow through a wide variety of products and services, has a fixed limited supply, and will seemingly inevitably appreciate.

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