Pool-X: The Best Full-Service Platform For The Staking Ecosystem
Incentives in the context of a cryptocurrency are ways of encouraging people to participate in the protocol, follow it faithfully, and behave in a way that is in the best interests of other users and the industry as a whole. As the word “staking” is likely to be mentioned more frequently in the near future, everyone should have a clear understanding of the concept. More and more staking projects have emerged, and numerous teams are ready to explore the business opportunities in the PoS space. Essentially, the traditional method of PoS mining involves acquiring rewards by staking projects. Those rewards are mainly derived from the inflation and reserved shares of projects themselves. However, this method contains some weaknesses. For example, there is a certain threshold for normal users and the whole operational process is complicated. Also, users need to wait for some time before redeeming their staked tokens.
The Emergence Of PoS Mining Pool
Since then, the PoS mining pool is still at interbellum as there is no dedicated mining pool yet. Presumably, there are no sufficient tools for such projects that want to stand out from the crowd, which qualifies on the future of the Staking Economy. But no doubt in the end, as some super-large PoS pools will emerge, it'll be most likely backed by an exchange. Despite the gap between PoW and PoS consensus is huge, profit-orientated capitals will ultimately create a node model similar to the mining pool. The status quo of most exchanges shows no emphasis on PoS business in their operational blueprints. Some, however, have noticed the exciting business opportunities of PoS.
Introduction To Pool-X: The Next Generation PoS Mining Pool By KuCoin
Since KuCoin introduced their Soft Staking, it seems that they have pledged to include the further development of staking into their business category. Conspicuously speaking, the establishment of Pool-X is the advent of the PoS mining economy that will reshape the asset staking industry. Their objective to solve the complications and low liquidity facing traditional staking projects, as well as to stimulate the development of high-quality projects, will effectively serve the whole PoS market and even the whole industry, and become the most influential platform within the blockchain area.
Interested In Pool-X?
In the end, everyone must be very prudent whether they are looking to run a node, or just to stake and earn rewards. While Pool-X has a lot to offer users, anyone who's interested in taking part in this staking ecosystem may find some criteria here that they can refer to<KuCoin Blog in order to appreciate why Pool-X could be the best full-service platform for the staking ecosystem.