Binance Pool has mined 25.4 BTC! Currently in closed beta testing, official launch coming soon.
ChainNews reported that on April 1st, Binance founder CZ announced the launch of "Binance Pool." He proudly mentioned that Binance's financial services now include Staking, earning interest, savings, and lending. Binance Pool successfully mined its first block yesterday (24th) and mined a second block early on the 25th, earning a total of 25.4 BTC.
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Binance Pool in Closed Beta, Likely to Go Live Soon
At 20:31 on the 24th (Taiwan time), Binance mined its first block (height: 627474). The official statement reads: "Binance Pool's first block ever. Still in closed beta. Coming soon. It will have the lowest fees among any pool, as always."
The first block ever mined by the #Binance Mining Pool.
"Still in closed-beta. Going live soon. As always, the LOWEST FEES of any mining pool." – @cz_binance
Get involved by emailing:
📩 [email protected] pic.twitter.com/4qenTBC6wz— Binance (@binance) April 25, 2020
Shortly after, at 02:24 on the 25th, the second block was mined:
Binance's product launches are getting faster and faster, with developments such as Binance Smart Chain, OTC platform, crypto debit cards, options, etc., all in active progress. From a strategic perspective, the business is actively expanding into India and has acquired CoinMarketCap. It is worth mentioning that the BNB burned in the first quarter of this year set a new historical record.
However, the most anticipated development may be the collaboration with Libra. Given Binance's existing interest in Libra, and the increased feasibility post-Libra's redesign. One of the requirements for Libra's operation is digital asset service providers, needing them to provide fiat and other digital asset exchanges for users, a condition that Binance is likely to meet. Following the news, Binance quickly released its research report on Libra, giving it a positive evaluation. Believing that collaboration between Binance and Libra and other digital currency exchanges is worth looking forward to, it is believed that there will still be many exciting developments to come this year.
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