Topic: 【Pool-X】An Exchange That Provides Liquidity for Staked Assets|PoS (Read 668 times)

Dimitra (DMTR) Is Available on BurningDrop
https://www.kucoin.com/news/en-dimitra-is-available-on-burningdrop?

Chronicle (XNL) Is Available on BurningDrop
https://www.kucoin.com/news/en-chronicle-is-available-on-burningdrop?

Pool-X Weekly Report February 15, 2021 to February 21, 2021



Pool-X Introduction:
Pool-X is a free market for staked assets, aiming to establish an ecosystem that will solve the liquidity dilemma of staked assets. At present, Pool-X is providing services for over 380,000 users from 167 countries/regions.
Development Progress
The second round of testing the optimization of the NFT Exchange is well underway.
Soft Staking



Ongoing & Upcoming Events
The ALGO Fixed Staking and Trial Fund Campaign is now live! Come join us now!
QNT Flexible Staking is well underway, so take part now!
The Fixed Staking of QNT and MTV will be released soon, so stay tuned!

Suggestions from the Community
This week, we have received the following suggestions from our Pool-X community:
Request to offer Stakings of MTV, ETL, DOGE, REEF, AKRO and SOUL on Pool-X.
From Damei: Thanks to “@TonyStark_19_81”, “@LazyCryptoGuy”, “@Shahilacom” and “@maxbandit159” for the suggestions to our team on Twitter. The team will roll out more staking activities on Pool-X with our cooperation partners. Please stay tuned!

Read more: https://medium.com/kucoinexchange/pool-x-weekly-report-b214e4c07658

Good Day  regarding to KCS Staking, since the beta-phase just started you can also add some risk-discretionary to it. I also like to see more from Pool-x  TG username @charlesyoung

Hi! I simply want to suggest if you can include a list of the available projects on the staking and soft staking? I mean only for the users and for those others to get pulled in on getting in and in like manner do their staking at the platform. It's such a pleasure for me to raise the recommendation... Pool-X is an incredible spot for stakers which everyone should choose.  Telegram Username: @PerfectBegin

The instructions are very difficult to understand. This will repel the average user only because he does not want or he does not have time to delve into all this, and only because of this you lose some potential users. Simplicity and accessibility are the keys to mass adoption. Perhaps by adding graphic material to the instructions with examples of how it all looks in numbers, a person will be able to compare graphic information and numerical, and this will simplify the understanding of how everything works. Wish you luck!
My telegram nik @nikbad23

You can add periodic newsletters for users of the platform, which will describe the functionality of the platform in a simplified form for understanding, examples of transactions are the initial and final result, so that the user sees how much you need to invest and what profit you can get from this.
Good luck guys!
@nikbad23

FAQ's can have videos too right? How bout add some tutorial vids on how to use the platform? That would seem very helpful for anyone who wants to try Pool-X. Wish you guys good luck!  Telegram Username: @Lj1989

Hi pool-x  my suggestion for pool-x is please reduce the amount of coins for staking...
Actually i have joined kucoin before 2 months and kucoin service is Best..
Its awesome compared to other exchanges..
Thanks..
TG USERNAME - @VIKASYADAV0004

1. What is KuCoin Earn?

KuCoin Earn is an exchange that provides liquidity for pledged assets. Unlike traditional mining pools, KuCoin Earn does not compete with the nodes. Users are able to freely choose a node while receiving benefits from staking of the digital asset plus a certain amount of POL that is generated each day. Users can get liquidity by trading the staked crypto assets through the use of POL in the liquidity trading market, which lowers the barrier for staking and increases the staking rate while improving the overall security.
 
After completing the early stages of the free-market construction, it will gradually switch to a decentralized platform and be jointly governed with the community in an autonomous manner.


2. What is POL and how can they be obtained?

POL (Proof Of Liquidity) is a decentralized token issued by the KuCoin Earn exchange based on TRON’s TRC20 protocol. POL has been listed on KuCoin. Zero reservations have been provided to the team or any individual upfront. Playing a substantial role in the KuCoin Earn ecosystem, POL bridges between tokens that are staked and those in circulation, paying with which allows the users to obtain instant liquidity even when the crypto assets are still in staking. POL is an incentive for participants who contribute to the balancing of market volatility and ecological governance, as well as the fuel for improving the accelerating coefficient of BurningDrop and extracting KuCoin Earn system resources.
 
Users can obtain POL by:
①Staking tokens on KuCoin Earn
②Trading on the KuCoin Earn Exchange
③Trading POL in the KuCoin Spot trading market


3. What is the token distribution of POL?
 
The total supply of POL is 1 billion, composed of LockDrop (10%), Staking Mining (50%), POL Node Mining (28%), and the Budget System (12%).


4. What is the logic of POL's upward appreciation?
 
POL is the barometer that supervises the activeness of the PoS ecology. The market demand and liquidity of POL increases when the price of a staked crypto usually fluctuates. The listing of more staking projects and the engagement of nodes on KuCoin Earn will also tremendously enhance the demand for POL in the liquidity exchange and accelerate the destruction of POL through BurningDrop and the liquidity exchange, ultimately forming a virtuous circle in the PoS economy.


5. What are the releasing rules for POL?
 
If users participate in Staking and Promotions:
 
20% of the mined POL can be traded immediately, with 80% being frozen for 6 months and gradually unlocked each month from the 7th month, at a rate of 20% per month for 4 months.
 
For example, Harry mined 1,000 POL on the day he participated in Staking. After deducting 8% for the mining fee, he can get 920 POL, of which 184 POL can be traded immediately, and the remaining 736 POL will be frozen for 6 months and will be unlocked in the following 4 months at a rate of 184 POL per month.


6. What is the ‘Redemption Period’ on the Staking and Flexible Promotions interface?
 
The redemption period is the period that users need to wait when redeeming their staked assets. Redemption is a behavior on the blockchain and is set by projects based on their own network security. Therefore, the redemption period of each project is different. For example, the redemption period of ATOM is 21 days.
 
Users can click “Lockup History” to find the assets they want to redeem and then click “Redeem”. After the redemption period ends, the staked assets will automatically be returned to the user’s Main Account. 
 
Please kindly note that the redemption process requires a certain number of days to complete. No staking profit (staking rewards or POL) will be generated during the unstaking / redemption period.
 
Users can also trade their staked assets in the liquidity exchange for tradable assets without waiting for the redemption period.


7. What is the distribution rule of POL obtained by Staking (the POL Mining Computing Power Evaluation System)?
 
The platform launched the new "POL Mining Computing Power Evaluation System” on June 18, 2020. Please click this link for more information: https://www.kucoin.com/earn/staking-eval

The current total daily mining volume of KuCoin Earn is 128,000 POL, which will be distributed according to the proportion of user’s computing power to the platform computing power 
on KuCoin Earn.
 
For example: 
 
①Ron participated in TRX-Staking by locking 10,000 TRX on June 20. According to the current market value of TRX, it is converted to 162.9 USDT. The whole platform computing power on KuCoin Earn is X USDT that day. The redemption period of TRX is 3 days, so according to the new "POL Mining Computing Power Evaluation System”, the Redemption Period Adjustment Coefficient of TRX-Staking is 0.4.
 
So Ron can mine 162.9 * 0.4 / X * 128,000 POL on June 20. After deducting 8% for the mining fee, he can obtain 162.9 * 0.4 / X * 128,000 * (1-8%) POL that day.

②Hermione participated in ATOM-Staking by locking 100 ATOM on June 20. According to the current market value of ATOM, it is converted to 282.4 USDT. The whole platform computing power on KuCoin Earn is X USDT that day. The redemption period of ATOM is 21 days, so according to the new "POL Mining Computing Power Evaluation System”, the Redemption Period Adjustment Coefficient of ATOM-Staking is 1.
 
So Hermione can mine 282.4 * 1 / X * 128,000 POL on June 20. After deducting 8% for the mining fee, she can obtain 282.4 * 1 / X * 128,000 * (1-8%) POL that day.
 
③Harry participated in CHR-21D by locking 10,000 CHR. According to the current market value of CHR, it is converted to 321 USDT. The whole platform computing power on KuCoin Earn is X USDT on June 20. On June 20, there are still 11 days before the redemption of CHR-21D.
 
So the redemption period of CHR-21D on June 20 is 11 days. According to the new "POL Mining Computing Power Evaluation System”, the Redemption Period Adjustment Coefficient of CHR-21D on June 20 is 0.6.
 
So Harry can mine 321 * 0.6 / X * 128,000 POL on June 20. After deducting 8% for the mining fee, he can obtain 321 * 0.6 / X * 128,000 * (1-8%) POL that day.
 
 
The redemption period of Fixed Promotions will reduce every day when calculation starts. Users can check the Redemption Period Adjustment Coefficient in the following image. The redemption period will affect the liquidity of the staking. The shorter the redemption period is, the less the users will likely redeem the staked assets and vice versa. The KuCoin Earn platform designs the corresponding coefficient based on the length of the redemption period regularly.



8.  What is the difference between Flexible Terms, Staking, and Promotions?
 
①Flexible Terms: Users can transfer or deposit assets to the KuCoin Earn platform (not locked) and receive the staking revenue (when meeting the minimum holding amount) the next day (following a 24-hour average position snapshot). With daily staking and no minimum staking period, users can deposit and withdraw their assets anytime.
 
②Staking: Users can stake their assets on the chain, obtain staking rewards and receive the mined POL by participating in Staking. Users can participate/redeem Staking products at any time.   
 
③Promotions: For the limited-time special promotions, the staked assets will not be on-chain, and the promotions are time-effective. Users only need to follow the same steps as the Staking to participate, and the promotions are also divided into Flexible and Fixed Promotions.


9. Why are there two APRs for each Staking and Promotions product?

If users participate in Staking and Promotions, they can also mine POL at the same time on KuCoin Earn. The Reference Annual Yield is composed of staking rewards and the annual yield after converting POL to the staked assets. Users can check the details by clicking the Reference Annual Yield on the Earn page of the official KuCoin Earn website or tapping the question mark beside the Expected Annualized Return on the Staking page of the KuCoin App.
 
The current total daily mining volume of KuCoin Earn is 128,000 POL.


10. When will the rewards be distributed each day? 
 
The rewards on KuCoin Earn (from Staking, Flexible Terms, and Promotions) are calculated daily and will be distributed the next day.  The rewards will start being distributed at around 14:00(UTC) every day.


11. How to unstake assets in the KuCoin Earn Exchange?
 
Instead of waiting for the redemption, users can trade their staked assets in the liquidity trading market. Click the “Exchange” button at the top of the page to enter the KuCoin Earn Exchange and choose the trade products.
 
①If Snape wants to sell his staked TRX (TRX-Staking), he can go to Exchange, choose TRX from the Staking product list, click “Sell TRX-Staking” and sell his staked TRX by clicking “Sell” on the right side of the order according to the different price in the order book. The sell page will pop up on the right side of the screen. Enter the quantity and trading password, then click “Place Order”.
Notice: Trading fee: 5%. Since Snape needs to use POL to trade, his account should have enough POL to make the deal.
 
②If no price meets Snape’s expectations, he can click “Post Offer” to place an order.


12. What is BurningDrop？
 
KuCoin launched BurningDrop on September 16, 2020, which can provide new token distribution services for projects. The whole process can be divided into three stages:
① Subscription Period: Users can select the product and obtain the initial computing power by locking assets.
② Burning Acceleration Period: Users who have already participated in the subscription can increase the Accelerating Coefficient by burning the corresponding token.
③ Distribution and Staking: Users can obtain their final computing power after the Accelerating Period ends, then the Staking Period starts. The token will be distributed to the respective participants according to their final computing power.
 
KuCoin pioneered BurningDrop, enriching application scenarios of POL and the ecosystem of the platform. 
 
We welcome to you to join our official community for the latest updates:
https://t.me/KuCoin_Earn