How was the first ADM forging pool born: the founders’ story
ADAMANT Messenger has a strong supportive community that believes in our project’s potential. Therefore the first ADM forging pool happened to be an unofficial one, created by messenger users at the end of last year. The
adm_official_pool appeared in a few weeks later. While more and more people are taking interest in the project, let us recap how it all began.
The cost of creating a delegate in the ADAMANT ecosystem is 3000 ADM, but it is also necessary to pay a sufficient number of votes for it: to earn income from forging the delegate must not fall below 101 first positions in the overall rating. Currently the “starting capital” is about 5000 ADM.
The first pool was founded by two enthusiasts who had enough tokens for the delegate creation but did not have enough votes. They decided to team up with other ADM owners in order to earn money by forging.
Having received the project developers’ consent, the activists started their Telegram chat ADAMANT FORGING (
https://t.me/adamant_forging). There they were discussing forging issues and gathering new people. The price for delegate creation was paid by the two founders themselves: this increased the trust of other participants. That way the risk of joining the pool was minimal because the participants gave only their own votes. At first only people with small amounts of ADM were coming (mind that the total number of tokens amongst all voters affects the forging efficiency). Then larger capitals appeared and the pool was complete in just two days.
Note that there are no technical restrictions on the number of participants, and we welcome everyone to the official pool. However, the founders of the first community decided to close the pool on a certain number of participants for ease of management.
“We didn’t even have enough time to find a hosting,” recalls Stas Kuznetsov, one of the enthusiasts. “We thought we had a week so it was necessary to speed up and find it as soon as possible”.
Now several “unofficial” ADAMANT pools are up paying their members in manual or automatic mode. And there is the official pool which automatically distributes the reward every 10 days.
Want to found your own pool? This is easy to do with a
free reward calculation program from ADAMANT Tech Labs LP! You can ask questions to the developers in the comments section there.