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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.

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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