KuCoin continues to innovate to stay relevant in the stiff competition in the Crypto exchange space.  To address the staking aspect of the crypto holdings, KuCoin had started Pool-X.

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."

Essentially, you will be actively staking your crypto while still be able to trade them when a good deal comes along.  

Double rewards

Now, Pool-X is offering double staking rewards to encourage people to hold their crypto with Pool-X.   In addition to lucrative staking rewards rate, Pool-X also offers flexible deposit or withdrawal options and you can stake multiple coins/tokens.

Soft Staking

Users also have the option to receive soft staking benefits which is essentially receiving staking rewards on the coins you have on Pool-X.  The staking rewards are lower than what you would get if you were to lock up the coins for certain period of time.

All in all, KuCoin continues to innovate and spend the profits it earns back to the community to gain traction in this competitive space.

Warning: Keeping crypto assets on exchanges is risky.  Please research before making a decision.

Optional: If you do not have a Pool-X or Kucoin Account and are looking to open one, please consider using our referral code. 

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