What is Binance pool?

By leveraging the benefits of an exchange platform, Binance Pool offers users lower fees and more comprehensive services to increase opportunities and enable miners to earn more. Binance Pool connects miners to Binance’s suite of financial products, including Binance Futures, Spot & Margin trading, Binance Lending, and Binance Staking.

What are Binance activities?

Activities are high-yield staking opportunities offered jointly by Binance and various projects. You can lock the corresponding assets into the platform to obtain higher returns. Subscriptions will be closed once they reach the maximum limit. Please follow Binance Announcement for details on new Activities.

Is Binance a good investment?

Although not decentralized, Binance is a name you can trust, so if you want to stake in a safe liquidity pool, they’re one of the best options. Again, be aware that your transactions are all recorded and made available to the IRS and law enforcement.

How does a mining pool work?

Typically, a mining pool places a coordinator in charge of organizing the miners. They’ll make sure the miners are using different values for the nonce so that they’re not wasting hash power by trying to create the same blocks. These coordinators will also be responsible for splitting the rewards and paying them out to the participants.