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Crypto News > Blog > News > Binance > Binance rewards Litecoin miners with old memecoins | Crypto News
Binance

Binance rewards Litecoin miners with old memecoins | Crypto News

Crypto
Last updated: 2024/12/10 at 8:49 AM
Crypto Published December 10, 2024
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Binance rewards Litecoin miners with old memecoins
 | Crypto News
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Binance announced support for the Luckycoin token on its Mining platform merged with Binance Pool on Tuesday, offering zero fees for operators.

Through mining Litecoin (LTC) on Binance Pool, participants can earn rewards in addition to LTC in DOGE, and Bellscoin (BEL) and Luckycoin (LKY) tokens, advertisement the largest Bitcoin (BTC) and Cryptocurrency exchange on the market.

According to Binance, users can enjoy zero pool fees during the Luckycoin (LKY) promotion period, which runs from December 10 to December 31.

Luckycoin is a cryptocurrency launched in May 2013 by an anonymous developer named LuckyC. After years deactivated, in August 2024 a network backup of that asset was recoveredwhich also dated back to 2013. With this discovery, the chain was revived starting from block 81,743, recovering most of the history and development of Luckycoin until that year.

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Luckycoin stands out as one of the first cryptocurrencies and perhaps one of the first memecoins to be launched on the market. After returning this year, has returned to mining activitybecoming one of the oldest crypto assets that still exist.

Bellscoin, for its part, is a project that was released eight days before Dogecoin, both being works by the same creator, Billy Markus. Using the Scrypt Proof of Work algorithm, Bellscoin merges with Litecoin and Dogecoin, providing you with a robust network. In addition, Bellscoin incorporates Bitcoin Ordinals and makes use of numerous OP_Codes that remained inactive in that network, expanding its functionalities.

To participate in Binance rewards, users must start mining LTC starting this December 10. You need to add an external wallet address to the Binance Pool account, where the rewards in BEL, LKY, DOGE and LTC will be deposited.

The exchange platform points out that LKY and BEL They are not currently listed on Binance.com. “The launch of LKY and BEL mining services on Binance Pool does not guarantee the inclusion of these tokens on the main Binance platform,” he clarifies.

The company notes that profits will be based on the actual production of the mining pool and that LKY profits will not be affected by LTC, DOGE or BEL profits.

Users must set up a valid LKY address to receive LKY mining rewards. If a payment address is not set up, no winnings will be accumulated on your balanceswarns the exchange. Additionally, the company clarifies that to be eligible and rewarded, users must have a verified Binance account.

The addition of LKY to Binance Pool comes shortly after will integrate merged mining of Fractal Bitcoin, a sidechain, as reported by CriptoNoticias.

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This article was created using artificial intelligence and edited by a human Editor.

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