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.