Often times, users use a POS (Proof of stake) based coin or token to earn passive income. You can earn rewards in proportion to the amount you hold from that unit in your wallet. You can think of this as mining or getting a profit share on your investment. POS systems enable mining without the need for energy.
However, POS-based systems also have some problems. For example, some units lock the tokens or coins you have staked for for a certain period of time. This is essential in order to gain profit. In some cases, the user wants to sell the units with which they are staked, but they cannot trade because they are locked. This is a serious problem for the user when he needs cash or wants to sell for other reasons. You can compare the system to time deposit funds in today's banks. You cannot sell before your deadline is expired. Most of the time, when you break the staking order, you will lose all the rewards you have earned or the system will never allow you to unlock.
The Pool-X project has emerged in order to produce solutions for the problems that arise due to the staking services of the units.
What is Pool-X? What are the Solution Offers?
Pool-X is an exchange tool that provides users with the ability to directly trade assets they have stake and earn passive income, or to convert them into cash whenever they want. It has solutions to all stages of the staking process and features that will contribute to the community. Makes your staked coins or tokens transactionable. It offers different solutions regarding staking activities. Let's take these together, one by one.
Trade of Staked Units
Explaining with an example will be useful for your easy understanding. For example, you have some staked TRX and you have to convert them into cash or other units somehow. If you break the staking process, your revenues will be completely lost. Pool-X offers you the options of breaking or swapping the TRX unit you have without breaking your staking order. After determining how much of your staking income you will share with the buyer, you put your staked TRXs on sale and if your offer is reasonable, a buyer purchases the staked TRX units from you.
In fact, we bet on a win-win situation for both the buyer and the seller. The seller does not lose all of the staking income, and the buyer gets the staking income ready as soon as he gets it. It is possible to perform a similar trade with many different units such as TOMO, EOS or XTZ. You can even trade units that are locked with staking with a certain duration. In order to make this process possible, units have been created by giving names such as COTI-90D, KAI-60D. You can perform all of these transactions through Pool-x Trade .
How Pool-x and Kucoin Work Together
You can transfer your cryptocurrencies that you want to earn a sense of income by staking from your Kucoin account to your Pool-x account in a very short time. Pool-x is a Kucoin-powered project so the harmony between them is perfect. You can start staking by selecting the normal staking option or the soft staking feature depending on your wishes. If you are planning to staking for a long time, I recommend you to choose the Staking option. Even if you have to leave before the deadline, you can protect the majority of your staking income by selling through the system, not a problem.
If you are planning to staking for a few days or a very short time, the Soft Staking option will create a chance for you to earn more returns. For a user who wants to stake, all kinds of alternative solutions have been prepared with fine details in mind.
Pool-X Staking
Thanks to the staking suggestion developed by the system, you can earn much more revenue than usual by staking your coins or tokens over Pool-X Staking . For example, by staking KAI-60D on KUCOIN stock exchange, you can get more rewards than usual. Contributions provided in the prize amounts are a very useful move for the users to make the Pool-x platform the preferred choice.
You can enjoy staking many cryptocurrencies at a very high level of expertise and earn extra income. Using Pool-X Staking , you can stake many crypto currencies such as ATOM, TRX, ZRX, IOST. This also puts high rewards as it is essential for the overall functioning of the ecosystem. All you have to do is find the right unit to invest and stake in.
Soft Staking
Its main purpose is to enable you to invest in units that you want to hold for a short time but also want to earn staking income. While most projects offer locking in very long terms , you can stake the crypto currency you hold in your possession even for just one day using the Soft Staking section. This system seems to be designed to eliminate the long-term locking requirements of crypto coins. Seems to be a very appetizing feature for short term traders in the community.
If you lock your assets in the periods specified on the Pool-X , this will return as a special reward for you. Depending on the amount you lock, you have the chance to win the platform's own unit, POL tokens (Proof Of Liquidity). By locking different units such as TRX, KCS, Bitcoin or Ethereum on the platform, you can earn POL Tokens in proportional to your lockout amount. The vast majority of the TRC20-based 1,000,000,000 generated POL tokens will be earned by stakeholders as a reward, and some are fairly distributed to the community through events called LockDrop.
Unlike what we've seen in other projects, the team does not play a dominant role in the Pool-X project and has not developed a distribution scheme to hold the majority of tokens. As an ecosystem that will act entirely with the power of the community, this is actually the basis of true decentralization.
general evaluation
Behind the project is a stock exchange like KUCOIN, which we all know and has been in the market for about 3 years and has been providing high quality service. I think that their experience is a great chance for them and this new idea can seriously help solve the real problems of investors. It will be a project that I will follow very closely in order to see what the future will bring us.
I am adding the basic link addresses at the end of my article so that you can learn more about the project. If you would like to discuss or ask questions about the project, please feel free to contact me via my contact addresses. See you at our next review. Best regards..
Project Link Addresses:
Website: https://pool-x.io/
Pool-x Staking: https://pool-x.io/staking
Pool-x Soft Staking: https://pool-x.io/staking/soft
Kucoin: https://www.kucoin.com/
Telegram: https://t.me/PoolXOfficial
Twitter: https://twitter.com/pool_x_official
Reddit: https://www.reddit.com/r/poolx/
Username : Ozie94
Profile : https://bitcointalk.org/index.php?action=profile;u=2103066
TRC2 address : TW2SMXsU3KpnQW2tSXfPg3BJnhyJS8zWo1
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