Tron Foundation Joins Forces with kuCoin Incubated Mining Pool, Pool-X

On December 2, 2019, the Tron foundation confirmed the partnership with kuCoin incubated mining pool, Pool-X, which claims that they can now embrace a new era of PoS.

Pool-X is a PoS mining pool on top of Tron’s TRC 20 protocols. The pool facilitates lockup of crypto transactions and was incubated by a popular cryptocurrency exchange, KuCoin. Notably, Justin Sun earlier referred that the Tron platform will work with the POOL-X, the next generation PoS mining pool.

#TRON is proud to work closely with @kucoincom on Pool-x that aims to stimulate the future development of the #PoS ecosystem. Running a node, staking and earning rewards, @pool_x_official is able to facilitate this more conveniently than anywhere else. https://t.co/vQU8GJ09zc

— TRON DAO (@trondao) December 2, 2019

Echoing a similar concern, Pool-X mentioned that the vision of Tron and Pool-X is similar, which pave the way for the excellent collaboration. It elaborates this stance as follows;

#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.

The mining pool platform offers several services, including node integration, operational solution, and liquidity trading market. And on the other side, Tron foundation expressed their excitement to work closely with KuCoin exchange on Pool-X and explained;

#TRON is proud to work closely with @kucoincom on Pool-x that aims to stimulate the future development of the #PoS ecosystem.

POL or Proof of Liquidity is a decentralized zero-reservation credit issued by Pool-X, and users can get POL credit by locking up their TRC20-USDT tokens on the mining pool platform. Nevertheless, the LockDRop will run for six rounds, and POL credits will be provided to the people on first comes and the first-served basis; essentially, it goes in a series who lockup their tokens first.

In a nutshell, both platforms, the Tron Foundation as well as POOL-X, didn’t share further details about the partnership yet, but the announcement has likely excited Tron community members. What is more, POOL-X will offer various features such as running a node, staking and earning rewards more conveniently.

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