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:
-
Log
in
to
a
verified
Binance
account
and
register
for
a
Binance
Pool
account. -
Follow
the
step-by-step
guide
provided
in
the
KAS
mining
tutorial. -
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
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