Details

Pool-X 1.1 Is Coming! POL Gets Listed on KuCoin! World Premiere!

2020-04-10 15:56:26--

Dear KuCoin Users,

Pool-X has provided staking services to its growing 300,000 users with several developments since its establishment. We are thrilled to announce that Pool-X platform 1.1 will be released on April 10, 2020 (UTC+8), supporting the staking services of 8 crypto assets.

At the same time, in order to adapt to the fast-growing liquidity market trading needs, the platform token POL will be listed on KuCoin exchange, and the POL/USDT trading pair will be available.

KuCoin opened the deposit, withdrawal and transfer services of POL at 14:00:00 on March 31, 2020 (UTC+8). Please take note that the trading service will open at 20:00:00 on April 10, 2020 (UTC+8).

Project Summary

The Pool-X exchange is supported by KuCoin and TRON for pioneering a free market that solves the liquidity problem of staked crypto. Taking TRON as an example, the user selects TRON to stake on Pool-X, the user will obtain TRX income and can additionally get paid with the platform token POL for mining. The liquidity trading market transfers the staked certificate to obtain TRX quickly, thus lowering the barrier of staking, increasing the staking rate and improving the overall security.

Pool-X is the world’s first platform that proposed the concept of liquidity proof (POL or Proof of Liquidity) and issued the platform token POL without any reservation. The Pool-X team expects that in addition to Bitcoin, crypto assets using PoS or hybrid PoS consensus mechanisms will account for 90% of the entire network. More and more high-quality projects set their theoretical staking rate at around 70%, that is, more than 60% crypto assets of the entire network will be in the staked status in the future. POL will be able to determine the underlying value of such a huge liquidity demand within the crypto market.

POL is generated from the staking process and the ecological governance connections on Pool-X, encouraging participants to balance the supply and demand of liquidity of the staked assets during the process of transactions. It is the fuel to connect the resources of the Pool-X ecosystem and an incentive for ecological governance.

Official Website

Pool-X White Paper

Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24x7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.

Regards,

The KuCoin Team