Cryptocurrency Short News

KuCoin Implements Staking Token Service; Pool-X

Pool-X : Next Generation POS Mining Pool Supporting Lockup Crypto Transactions

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KuCoin announced on March 30 that it will launch the Pool-X PoS staking platform. Pool-X is a brand-new mining pool to trade staking tokens. The pool mechanism also offers liquidity trading market, node integration and operational solutions.

POL (Proof Of Liquidity) serves the role of credits for the mining Pool. Users receive “POL” token as rewards by locking up the PoS currency. The more and earlier users participate in the staking of mining nodes, the more POL users will get. With Pool-X staking, Users can get the benefits of traditional staking and Proof Of Liquidity allocations and can trade freely in the liquidity trading market.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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