KuCoin and Trust Wallet open dedicated platforms for staking cryptocurrencies KuCoin cryptocurrency exchange this Sunday unveiled details of its new project called "Pool-X" - a pool for cryptocurrencies based on the Proof-of-Stake algorithm.

KuCoin and Trust Wallet Launch Dedicated Crypto Staking Platforms

The KuCoin cryptocurrency exchange this Sunday announced the details of its new project called "Pool-X" - a pool for cryptocurrencies based on the Proof-of-Stake algorithm.

A distinctive feature of Pool-X is the ability to withdraw tokens provided for staking at any time without damage for the size of the rewards, KuCoin states. For this, liquidity certificates are used, reflecting the ownership of a certain number of tokens in the pool, which users can trade with each other..

Together with Pool-X, the exchange announced the POL token, which will serve as a unit of account on the platform, "helping to capture the movement of liquidity certificates and acting as a payment method for offering liquidity in the market." Additional areas of POL application are optimization of node search mechanisms and payment for technical services. In the future, the company expects to launch a separate blockchain for POL, where the transfer of certificates in the chains of various cryptocurrencies will be recorded..

Also, on Saturday, the developers of the official wallet cryptocurrency exchanges Binance Trust Wallet Announces Adding Cosmos (ATOM) Stacking Support To Upcoming Trust Platform Service.

As the developers explain, the Trust Platform is focused primarily on staking PoS cryptocurrencies on supported blockchains. In addition, the platform will offer lending, management, decentralized exchange and other services..

Earlier, the developers of Trust Wallet announced the addition of support for limit orders when making deals on Binance exchange DEX.

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