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.
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:
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.
Bitfinex currently supports the following tokens for staking:
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.
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