The Launch of POOLX by Poolz Finance
On March 30, the IDO platform Poolz Finance released information about the deployment and distribution of its new token, POOLX. Before the March 15 attack, those who held the origi
On March 30, the IDO platform Poolz Finance released information about the deployment and distribution of its new token, POOLX. Before the March 15 attack, those who held the original POOLZ token will receive the new token at a 1:1 ratio, without a lockup period. The total supply of the new token POOLX will increase by 10% compared to the total supply of POOLZ, which will be launched at Poloniex, Huobi, and PancakSwap on March 30th at 23:00.
The new POOLX token for Poolz Finance will be launched at 23:00, with a total supply increase of 10% compared to POOLZ
On March 30th, 2021, the IDO platform Poolz Finance announced the deployment and distribution of its new token, POOLX. The platform released some essential information about its new token, which has stirred the interest of many investors. This article will look into the release of POOLX, the distribution process and what investors should anticipate.
Overview of POOLX
POOLX is a newly released token by Poolz Finance. It is an upgraded version of the previous token, POOLZ. After a hacking attack on the platform, Poolz Finance decided to launch a new token to compensate its users. POOLX will have a total supply that is 10% more than POOLZ, and it will be used to provide liquidity to the platform’s pools.
Distribution Process
On March 15th, there was a hack that occurred on the Poolz Finance platform, which resulted in the loss of the original POOLZ tokens. However, the platform took responsibility for the hack and decided to create a new token, POOLX. Users who held POOLZ before the hack will have a 1:1 ratio for the new token, POOLX. There will be no lockup period for those who want to carry out transactions on their new tokens.
Launch Platforms
The POOLX token will be launched on various crypto exchanges. These exchanges include; Poloniex, Huobi, and PancakSwap. The tokens will be launched at 23:00 on March 30th. Investors can easily buy POOLX tokens on these exchanges, and trade them like other tokens.
Benefits of POOLX
The introduction of POOLX by Poolz Finance has some benefits for investors. The new token will be used to boost the liquidity of the platform’s pools. The added liquidity will make it easier for investors to trade and provide quicker exchange execution. This will make it simpler for users to enjoy faster and more efficient transactions on the Poolz Finance platform.
What investors should expect
If you are an investor on the Poolz Finance platform, this news is excellent for you. The launch of POOLX provides an opportunity to earn more tokens and benefit from faster trading. You can buy POOLX tokens and hold them, or you can add liquidity to the platform’s pools and earn the interest. Investors should take this opportunity to get familiar with the new token and learn how they can earn from it.
Conclusion
The release of POOLX by Poolz Finance provides investors with a chance to access a new token that is designed to improve liquidity on the platform. The distribution process is user-friendly, and investors can expect to experience faster trading and improved exchange execution. Investors should take advantage of this opportunity and learn about the token’s benefits.
FAQs
1. How do I receive POOLX tokens?
– If you held POOLZ before the hack on March 15th, you will receive the new POOLX tokens at a 1:1 ratio.
2. Which exchanges can I find POOLX tokens?
– POOLX tokens will be launched on leading crypto exchanges like Poloniex, Huobi, and Pancakeswap.
3. What benefits does POOLX provide for investors?
– POOLX tokens will allow investors to trade faster and enjoy improved exchange execution, as well as earn more tokens.
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