The announcement from Binance Pool that they will offer free mining for Nervos Network (CKB) has caused a lot of excitement in the cryptocurrency world, leading to an increase in open interest. By providing this service, Binance, a major crypto exchange, aims to encourage more people to mine CKB and strengthen the network’s robustness and popularity.
Binance Pool Launches Zero-Fee Mining for CKB
Beginning April 18, 2024, and lasting until May 18, 2024, Binance Pool, the mining division of Binance, introduced a no-cost mining service for Nervos Network (CKB). This development is an important advancement for the Nervos ecosystem, offering miners an attractive reason to engage in CKB mining activities.
To begin mining CKB on Binance Pool, users must first go through identity verification (KYC) and adhere to the detailed CKB Mining Guide offered by the platform. This step is crucial for complying with regulatory standards and providing a hassle-free onboarding experience for miners of all backgrounds.
During the Promotion Period, the cost of joining the CKB mining pool at Binance will be zero for all participants. This means more earnings for miners, making their mining activities even more profitable. Binance’s implementation of this fee waiver demonstrates its support for the development and decentralization of new blockchain networks like Nervos Network.
Impact on Open Interest and Market Performance
After Binance Pool introduced zero-fee mining for Nervos Network (CKB), the open interest for CKB token saw a significant boost, rising by 5% to reach a total of $32.1 million. This increase in open interest indicates increased excitement and involvement from both investors and miners.
The price of Nervos Network (CKB) has shown strength and gained ground in market performance. Currently, CKB is priced at $0.01869, with a substantial trading volume of $74,180,096.25 within the last 24 hours. Over the past week, CKB has risen by 3.17%, while the previous 30 days have brought about an impressive 12.5% price rise.
Nervos Network’s market value is now $816,964,287, reflecting increased attention and financial commitment to the project due to the launch of zero-fee mining on Binance Pool. This uptick in market engagement is a positive sign for Nervos Network’s future growth prospects.
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2024-04-18 15:19