The FAQ about Staking

Q: What is Pool-X?

Pool-X is an exchange that provides liquidity for staked crypto. It is a state of free market that enables the integration of diversified crypto assets and multi-node on the public chain. Users can trade the staked crypto assets in the platform and obtain liquidity. Furthermore, based on the nature of the Pool-X mechanism, the node can build up a connection with the Pool-X liquidity trading market to enhance its competitive strength and ultimately gather more node votes. Other types of staking digital assets will be progressively supported as the staking business matures.

 

Q: What are the advantages of Pool-X compared with other Pools?

Pool-X is a free market. It possesses different operational views by comparing the traditional mining pool, that is, without further engaging in competition with the node. Pool-X is mainly focused on introducing diversified crypto assets and multi-node on the public chain to all users. Users are able to freely choose the node while receiving benefits from staking of the digital asset plus a certain amount POL is generated for the user to obtain. Users can get liquidity by trading the staked crypto assets through the use of the platform’s credit/point in the liquidity trading market. After completing the early stage of free-market construction, it will gradually transfer the role into a decentralized platform and jointly governance with the community in an autonomous manner. 

 

Q: What is POL?

POL (Proof Of Liquidity) is a decentralized token issued by the Pool-X exchange based on TRON’s TRC20 protocol. It is in the nature of zero reservations to be provided to the team or any individual upfront. Playing a substantial role in the Pool-X 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 balance the market volatility and ecological governance, as well as the fuel for extracting Pool-X system resources.

 

Q: What is the token supply and distribution of POL?

The total supply of POL stands at 1 billion. The distribution of POL is divided into 3 parts: LockDrop, staking, and the budget system. In addition to the staking, the POL node mining will also be opened soon.

 

Q: What is the logic to POL’s upward appreciation?

POL is the barometer to supervise the activeness of PoS ecology. It is hereby leading to the increase of market demand and liquidity of POL when the price of a staked crypto has normally fluctuated. The listing of more staking projects and engagement of nodes in Pool-X will also tremendously enhance the demand of POL in the liquidity exchange as well as accelerate the destruction of POL and ultimately forming a virtuous circle of PoS economy.

 

Q: How to obtain POL?

  1. Participate in the LockDrop event
  2. Staking tokens on Pool-X
  3. Trade on Pool-X Exchange
  4. Trade POL at KuCoin spot trading market
  5. Participate in mining in POL nodes
  6. Participate in community governance and apply for an operation budget in POL and get approved and supervised by the node 

 

Q: What are the application scenarios of POL?

  1. The payable token to unlock the liquidity of staked digital assets
  2. The promotional and technical service fees for nodes of Pool-X
  3. Apply to participate in the governance of POL node
  4. The fuel and incentive for network operation

 

Q: What are the differences between Flexible Terms and Staking?

Flexible Terms: KuCoin initiates the mechanism of Flexible Terms. Users can obtain daily token staking profits by holding relative coins in the Pool-X account. Pool-X will calculate the daily revenue of the users according to the snapshots of the coin amounts held by users, and the daily revenue will be distributed to the Pool-X account the next day. Users are able to check their revenue return at "Earnings-Detail s”

Staking: Participating in Staking, users will obtain both Staking rewards and POL Credits. It supports multiple digital assets, meanwhile, during the period of staking, users can trade their staked assets in the Liquidity Trading Market for liquidity.

 

Q: Why there are two annual yields?

The Reference Annual Yield is composed of staking rewards and the annual yield after converting POL to the staked coins.

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Q: What is the fixed staking product?

Fixed Staking means that users can choose to stake for a fixed period. Users can subscribe to the project with a certain amount of shares, and the system will lock the amount accordingly. Users cannot apply to redeem during the staking period but they can trade the staked assets in the Liquidity Trading Market to obtain liquidity.

 

Q: How can I redeem my fixed staking product and other types of staking product?

For fixed staking products, when the staking period expires, the system will automatically do the redemption for you.

For the rest, during the staking period, you can apply to redeem at any time, and the final revenue will be calculated according to the actual staking days.

No matter fixed staking product or other types of staking product, users can buy and sell staked digital assets through Pool-X's Liquidity Trading Market.

 

Q: How does Pool-X distribute the staking rewards?

The staking rewards and the POL mining rewards will be calculated daily and distributed to users' Pool-X accounts the next day.

 

Q:Does Pool-X take any fee?
Pool-X won’t take any fee from users staking assets. For all users who participate in staking campaigns, Pool-X will benefit users with free POL mining rewards and take 8% POL as the mining fee.
If trading on Pool-X Liquidity Trading Market, Pool-X will take 5% as the fee.

 

Q: Can I get rewards during the subscription period of fixed products?

During the subscription period of fixed products, there are no staking rewards and POL mining rewards since the subscription is not counted as staking.

 

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