What is Pool-X BurningDrop? New Projects To Expect On BurningDrop

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For any project, a strong consumer base is essential, but it's especially significant for a decentralized network. A strong community that clearly cares about the project would contribute to greater organic engagement and network support, resulting in a wider and greater network. This is contrary to having token holders who only worry about the token's actual value and are not involved in the long-term health of the project, which is exactly a phenomenon in the crypto industry that each blockchain projects only supports token distribution within its own ecosystem, like TRON only supports the distribution of TRC-20 tokens

It is on these circumstances that Pool-X launched BurningDrop to coincide funds from a variety of stakeholders and distribute tokens equitably. Where Airdrop is similar to LockDrop but incentivizes participation on a network, as an upgrade to the latter, BurningDrop hopes to further find better users.

About Pool-X BurningDrop
With Pool-X BurningDrop, any project that wants to distribute its initial tokens without fundraising can proceed. Adopting multiple chains/assets for better user acquisition, the token distributions are available on 3 chains (BTC, ETH, ATOM) which ensures that a wide range of holders from a variety network will be more decentralized and less likely to be controlled or manipulated by a few small parties. With the advantages of fast deployment, flexible adjustment, and freedom of space and time, BurningDrop allows users to participate in multi-chain assets and attract quality customers for both parties.

Moreover, to ensure that some participants are long-term users and not just speculators, users have a choice from either completing the locking process ordinarily or consider increasing their computing power by burning POL, the native Pool-X token. Although there's not much info for beginners about the burning process know-hows or how many POL will be used as fuel for this BurningDrop. Nevertheless, it’s an obvious positive signal. POL was released via LockDrop at the initial phase of its development, therefore, users who hold or are planning to hold POL are already very high-quality users. Users can think of BurningDrop as a mechanism that is way more than LockDrop, letting the tokens be distributed in the most decentralized way, leaving any project entirely to a variety of healthy and diverse community of stakeholders.

How Pool-X BurningDrop Works for Projects
It heads through a comprehensive assessment process to decide whether it passes through KuCoin 's standards before a project goes into the BurningDrop of Pool-X network. Some of the aspects that it looks for in a project tend to involve:
- The ability to prosper from the progress and development of the broader crypto ecosystem
- A team that is solid and dedicated
- Unique selling proposition of the project's token
- Large-scale adoption readiness
When a project has made through this selection process, in full view of KuCoin users who may be interested in supporting the project, it is then featured on Pool-X BurningDrop (https:/pool-x.io/burning-drop).

VELO and COMBO: New Projects Coming Soon On Pool-X BurningDrop
In the recent KuCoin AMA with the team of Kratos and Pool-X, Mia Zhou — Pool-X Operation Lead, confirmed that Velo and Combo will be the next projects to be added on BurningDrop.



Pool-X is more than a platform for staking tokens. It is an exchange that provides liquidity for all users in the PoS ecosystem. In the future, it will be transforming into a decentralized stage and jointly governed by the community. As with any technology-related field, there are always worthwhile projects within the blockchain ecosystem that await to be discovered and nurtured. Pool-X has a track record of supporting high-quality projects.

Velo, a next-generation financial protocol which aims to improve remittance and money transfer markets, is the first decentralized credit and settlement network in Asia and one of the first “Federated Financial Networks” to bridge digital and real-world settlement.

Velo recently concluded its token sale on KuCoin Spotlight. So far, with the three token sales launched this year, these projects managed to generate 2200% ROI on average, with BNS accounting for the smallest (but still impressive) 300%, LYXE – 800%, and VELO setting a record with a whopping 1100% return.

Velo is poised to become the biggest payment network in Southeast Asia, capable of generating trillions of dollars worth of digital credits in service of numerous real-world use cases including lending, payment, and loyalty point programs. In addition, Velo is backed by a family member of CP Group, the largest private conglomerate in the world with over a hundred subsidiaries from different industry verticals including Seven-Eleven and Allianz.

Meanwhile, developed based on the KuChain public chain, Combo is an aggregation protocol for DeFi derivatives that provides an integration platform for different protocols such as liquidity mining, synthetic asset issuance, collateral mining protocols, and oracle machines, etc. The COMBO project serves to provide a bottom layer of DeFi growth that allows conventional asset classes to seamlessly link assets via blockchain technology, including legal tender, bulk commodities, and stocks.

Looking forward to the projects that will get featured on Pool-X BurningDrop in the coming months, for more details about the platform, upcoming token distributions, and how each offering will be conducted, head to https://medium.com/@poolxexchange now.


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