Binance Pool Introduces KASPA (KAS) Mining with Zero Fees

Binance
Pool
has
officially
launched
the
KASPA
Network
(KAS)
mining
service,
allowing
miners
to
enjoy
zero
pool
fees
during
a
limited
promotion
period.
The
announcement,
made
on
August
5,
2024,
highlights
Binance’s
continuous
efforts
to
expand
its
mining
services.

According
to

Binance,
the
promotion
period
for
zero
pool
fees
will
last
from
August
5,
2024,
to
November
5,
2024.
During
this
time,
miners
can
take
advantage
of
the
fee
waiver
to
maximize
their
mining
returns.

How
to
Get
Started

To
begin
mining
KASPA
(KAS)
on
Binance
Pool,
users
must
follow
these
steps:

1. Log
   in
   to
   a
   verified
   Binance
   account
   and
   register
   for
   a
   Binance
   Pool
   account.
2. Follow
   the
   step-by-step
   guide
   provided
   in
   the
   KAS
   mining
   tutorial.
3. Monitor
   the
   current
   hashrate
   from
   the
   Workers
   section
   on
   Binance
   Pool.

The
detailed
tutorial
and
additional
information
can
be
found
on
the
Binance
support
pages.

Important
Considerations

It’s
important
to
note
that
KASPA
(KAS)
is
not
currently
listed
or
tradable
on
Binance.com.
The
launch
of
the
KAS
mining
service
on
Binance
Pool
does
not
guarantee
a
future
listing
of
the





token
on
the
exchange.
Additionally,
users
must
meet
certain
conditions
to
ensure
their
earnings
are
properly
credited:

• Earnings
  must
  be
  above
  the
  minimum
  payout
  threshold
  of
  100
  KAS.
• Users
  must
  set
  up
  a
  valid
  payout
  address
  in
  their
  Binance
  Pool
  account
  that
  supports
  the
  minimum
  payout
  threshold.

Failure
to
meet
these
conditions
will
result
in
earnings
being
held
in
the
Binance
Pool
wallet
balance.

Terms
and
Conditions

To
participate
in
the
KAS
mining
promotion,
users
must
adhere
to
the
following
terms:

• Hold
  a
  verified
  Binance
  account.
• Provide
  a
  valid
  third-party
  address
  in
  their
  Binance
  Pool
  account
  to
  receive
  KAS
  rewards.
• Binance
  reserves
  the
  right
  to
  disqualify
  participants
  who
  tamper
  with
  the
  program
  code
  or
  interfere
  with
  its
  operation
  using
  other
  software.

Binance
has
also
issued
a
disclaimer
noting
the
high
market
risk
and
price
volatility
associated
with
digital
assets.
Users
are
encouraged
to
fully
understand
the
risks
involved
and
consult
an
independent
financial
adviser
if
necessary.

This
launch
is
part
of
Binance’s
broader
strategy
to
enhance
its
mining
ecosystem
and
offer
competitive
incentives
to
miners.
The
zero-fee
promotion
is
expected
to
attract
a
significant
number
of
miners
looking
to
optimize
their
returns
in
the
volatile
cryptocurrency
market.

Image
source:
Shutterstock