Introduction
Generally, there are two pool types on the platform and we would consider them shortly but first, we should understand what ‘mining pools’ are on crypto.
Mining pool: in crypto, a mining pool refers to a combined bunch of people we call ‘miners’ in cryptocurrency. These people pick a network and join the assets they own in a bid to increase the possibility and make a stronger success mining rate in cryptocurrency. Now, when and if the mining pool is succeeds, the profit earned which is in the currency mined is shared between those who participated in the pool. The profit is however, shared to everyone according to the measure which the worked, invested and contributed towards the mining pool.
Now ofcourse, it is not mandatory for everyone who goes into crypto mining to do so by associating themselves to a pool or even forming one as some do. Every crypto miner can decide to get rewards alone. Although, earning is without a doubt, faster in when you join a mining pool mainly because the hashing output when combined is higher.
POOL TYPES ON SWAPULT
Now that we have a crash and summarized understanding on what mining pools are, we should look at the type of exclusive mining pools available on swapult. As stated earlier, there are two types of mining pools on swapult namely; the Direct sale pools also known as the DSP and the Time locked pools also known as the TLP. We will now take each of them separately so we can understand better.
Direct sale pools: here, the pools which possess no delay in time. The miners or investors here usually can get the reward or profit as soon as they swap. This happens immediately.
Time locked pools: here, there is usually a pre-stated time and how it works is that the miners or investors cannot receive their rewards or profits until after the said allocated time. As earlier sated, even you can create a mining pool, if you do so, you can also state a time allocation which the miners will not be able to get the rewards or profit until after the said time.
On swapult, every pool always has the soon said form always. The form which rewards, tokens, profits will be sent to the miner’s wallet is entirely dependent on the type of pool and form of the pool that was mined in. These pools are only for those who mine the Swapult token and open to all on swapult pools or solo. Security is guaranteed even in the time locked pools and rewards can be gotten after the prestated time. When these pools arrive at the prestated time, that is for both the direct sale pools and time locked pools, the remaining token are usually given back to the wallet of the PO. Miners and investors, however can get their token profits via the time locked pool.
Conclusion
The various pools on Swapult allows users get their desired gratifications whether short or long-term.
Platform Information
Website: https://swapult.com/
Whitepaper: https://swapult.com/whitepaper.pdf
Telegram: https://t.me/swapult
Discord: https://discord.gg/aG2XA2htyg
Twitter: https://twitter.com/swapult
Author
Bitcointalk Username: Pullorient
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767518
Proof of Authentication: https://bitcointalk.org/index.php?topic=5378960.msg59332081#msg59332081