Pool-X announced that their platform v.1.1 will be launched this April 10th and TRON Foundation mentioned that Pool-X’s POL will be listed at KuCoin on the same date. POL is the world’s first issued platform credit based on TRON’s TRC20 Protocol.
TRON Foundation has worked with Pool-X and dubbed them “the next generation PoS mining Pool”. Sun referred to the achievement as the pathway to the future and the two companies joined forces last December 2nd, 2019.
We are thrilled to announce that Pool-X platform 1.1 will be released on April 10, 2020!
— Pool-X(Exchange Staked-Crypto) (@pool_x_official) April 9, 2020
What is Pool-X?
Pool-X is a PoS mining pool within TRON’s TRC20 protocols, founded by KuCoin, a cryptocurrency exchange based in Hong Kong. The pool enables the blocking of crypto transactions and is financially backed by KuCoin.
Pool-X has developed the Proof-of-Liquidity (POL) and it allows users to receive POL credit in return for blocking their TRC20-USDT tokens on the platform.
Advantages of Pool-X:
- Node Supermarket – The Pool-X platform operates on the core value of empowering digital asset staking and has integrated multiple/single coins with multiple nodes.
- Liquidity Evaluation System – Global pioneer of the liquidity evaluation system, providing real-time Staking mining profit and POL allocation evaluations.
- Liquidity Trading Market – Initiator of the industry-first “Staking Lockup Return + Computer Power Trading” mechanism, providing staking returns and liquidity at the same time.
- Node Integration Solutions – Pool-X provides one-stop integrational technology and operational solutions that enable more nodes to obtain their target users and build an industry-class PAAS (Pool As A Service).
TRON keeps on rolling this April
On other TRON Foundation news, it was announced by Justin Sun that $TRX staking will be soon available with Bitfinex, a cryptocurrency exchange owned and operated by iFinex Inc. They are a full-featured spot trading platform for major digital assets & cryptocurrencies, including Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, Monero and many more.
Bitfinex offers leveraged margin trading through a peer-to-peer funding market, allowing users to securely trade with up to 3.3x leverage.
— Justin Sun (@justinsuntron) April 7, 2020
Bitfinex currently supports the following tokens for staking:
- Cosmos (ATOM)
- V.System (VSYS)
- EOS (EOS)
- Tezos (XTZ)
- Algorand (ALG)
- Tron Foundation (TRX)
They currently have a soft-staking program that allows users to easily and securely generate rewards by simply holding their digital tokens on Bitfinex.
Are you excited for POL and would go to staking $TRX with Bitfinex tomorrow? Count us in and this shows just how stable TRON Foundation’s ecosystem is when it comes to the cryptocurrency industry and will surely collaborate with more projects in the future.
For more news and updates, see TronSpark’s website.