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Polkadot Nomination Pool Hits Milestone; Pool Members Bond 1 M DOTs

Polkadot Nomination Pool (NASDAQ:POOL) hit a new milestone within two months of its launch.The pool members bonded more than 1,000,000 DOTs.The platform shared a detailed...
Polkadot Nomination Pool Hits Milestone; Pool Members Bond 1 M DOTs Polkadot Nomination Pool Hits Milestone; Pool Members Bond 1 M DOTs
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  • Polkadot Nomination Pool (NASDAQ:POOL) hit a new milestone within two months of its launch.
  • The pool members bonded more than 1,000,000 DOTs.
  • The platform shared a detailed description of the features of the Nomination Pool.

The blockchain platform, Polkadot shared the platform’s success with its new feature, the Nomination pools. Reportedly, Polkadot Nomination pools have hit “another milestone”, within two months of its launch, with pool members bonding more than 1,000,000 DOTs.

Additionally, in a succeeding tweet, the platform briefly described the ways in which staking could be done easily, along with introducing a video to know more about “staking and nomination pools.”

Polkadot nomination pools make it easier to stake natively by lowering the barrier for earning rewards to as little as 1 DOT, and efficiently balancing the interests of smaller and larger DOT holders.

Interestingly, Polkadot has been cautious in providing details regarding the nomination pool and its functioning. A detailed description has been given in the form of a video, leading the community to experience the distinct processes of the Nomination Pool.

Further, the platform announced that “the maximum number of pools has just been doubled to 128”. Also, it introduced a system of earning 18% rewards, while nominating directly, provided the voter holds more than the minimum active bond, “currently around 240 DOT.”

Moreover, Polkadot has been ranked one on the list of cryptocurrencies having the highest Nakamoto Coefficient metric. The platform tweeted that the higher value of the NC metric represents “higher decentralization”.

The post Polkadot Nomination Pool Hits Milestone; Pool Members Bond 1 M DOTs appeared first on Coin Edition.

See original on CoinEdition

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29-01-2023 22:51:08 (UTC+7)

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    EUR/USD 1.0869 ↑ Buy  
    GBP/USD 1.2399 ↑ Buy  
    USD/JPY 129.85 Buy  
    AUD/USD 0.7108 ↑ Sell  
    USD/CAD 1.3311 Neutral  
    EUR/JPY 141.14 ↑ Buy  
    EUR/CHF 1.0015 ↑ Buy  
    Gold 1,928.00 ↑ Sell  
    Silver 23.725 ↑ Buy  
    Copper 4.2300 ↑ Buy  
    Crude Oil WTI 79.38 ↑ Sell  
    Brent Oil 86.40 ↑ Sell  
    Natural Gas 2.856 ↑ Sell  
    US Coffee C 169.25 Sell  
    Euro Stoxx 50 4,178.01 ↑ Buy  
    S&P 500 4,070.56 ↑ Sell  
    DAX 15,150.03 ↑ Buy  
    FTSE 100 7,765.15 ↑ Buy  
    Hang Seng 22,688.90 Buy  
    Small Cap 2000 1,911.46 ↑ Sell  
    IBEX 35 9,060.20 ↑ Buy  
    Bank of America ↑ Sell  
    BASF 52.790 ↑ Buy  
    Bayer 56.28 ↑ Buy  
    Allianz 221.65 ↑ Buy  
    Adidas 148.30 Sell  
    Lufthansa 9.755 ↑ Buy  
    Siemens AG 144.50 ↑ Buy  
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