SINGAPORE, — Pool-X, the next generation POS mining platform supporting lockup crypto transactions backed by KuCoin, today announced the launch of its Liquidity Trading Market. The market allows users to buy and sell staked digital assets, bringing more flexibility and liquidity to the staking economy. To celebrate the launch of the liquidity market on Pool-X, it will be running an activity where participants can get a share of 5,000 USDT.
The PoS (Proof of Stake) consensus algorithm was established in 2012 and has been developing rapidly in recent years. In 2019, the market cap of PoS tokens (excluding BTC) accounted for around 25% of the total market cap and is anticipated to reach 90% in the future. While PoS is becoming increasingly mainstream, there are many factors that could stop people from staking, and the liquidity risk during the staking period is one such factor.
Take ATOM, one of the most popular PoS tokens, as an example. On most staking platforms, to earn staking rewards, ATOM must be delegated to a validator. In…