- Tron announces its partnership with POOL-X
- POOL-X says it has the same vision with Tron
- POOL-X aims to stimulate the future development of Proof of Stake ecosystem
Tron News Today – According to a recent report, the Tron Foundation just partnered with KuCoin – incubated POOL-X. POOL-X is a Proof of Stake mining pool that is based on the TRC20 protocol of Tron, which supports the lockup of digital currency transactions. According to Justin Sun, the CEO of the Tron Foundation, Tron is now working with the next generation of Proof of Stake mining Pool – POOL-X. Sun said that this achievement is the pathway to the future.
POOL-X Has the Same Vision with Tron
POOL-X also came out to say that the partnership with Tron would be a great service, as it has the same vision with Tron. The PoS mining pool said that the mission of Tron to be the underlying architecture for decentralized applications (DApps) and also to make the internet decentralized, matches with its vision. POOL-X stated that it would work with Tron in embracing a new era of Proof of Stake.
TRON (TRX) Price Today – TRX / USD
#TRON's mission is to be the underlying architecture for dApps, and therefore building a truly decentralized internet, which is consistent with the vision of Pool-X.
— POOL-X (KuCoin Staking) (@pool_x_official) December 2, 2019
Through the latest partnership, users can lockup their TRC20-USDT tokens on the platform to get Proof of Liquidity (POL) credits. The LockDrop will run for six rounds. The number of POL credits distributed to hose that lockup their tokens will be based on first come first served. The POL given to people is issued by POOL-X and it is a decentralized zero-reservation credit.
POOL-X Aims to Stimulate the Future Development of the Proof of Stake Ecosystem
POOL-X is incubated by KuCoin and the firm aims to stimulate the future of development of the Proof of Stake ecosystem. The platform offers a wide range of services that includes node integration, liquidity trading market, and operational solution. It is a next-generation exchange permitting users to operate nodes and take part in staking pools.
POOL-X users also have the opportunity to unstake their token whenever they want. They designed the platform to facilitate the development of the entire staking market. POOL-X also has a Liquidity Trading Market, a matching means for users holding some staked tokens on the platform.
Tron Community Still Awaits the Mysterious Announcement Justin Sun Promised
The members of the Tron community are still waiting and watching out for the mysterious announcement that Sun promised will be coming up soon. Many of them are expecting the announcement to act as a catalyst to the price of Tron (TRX). Nevertheless, it is not clear if the much-awaited announcement is the acquisition Sun was talking about for Tron and BitTorrent.