Cryptocurrency exchange Poloniex announced the start of support focused on increased privacy in cryptocurrency Grin.
Poloniex lists Grin and pledges 25% to 50% of all transaction fees to the Grin General Fund over the next 12 months.@grinMW @grincouncil #grin #mimblewimble https://t.co/A7YBRhzj59
— Poloniex Exchange (@Poloniex) February 14, 2019
The auction will be available in pairs BTC/GRIN and USDC/GRIN. Users are already able to make deposits, withdrawal of funds will become available in the coming weeks.
In the message based in Seattle exchange also States that in the next 12 months a portion of all commissions received as a result of transactions with the cryptocurrency, will be forwarded to the development Fund Grin. In the first month of trading, it will be 50% in the following months – 25%.
“We hope that these funds will be used to support security audits, campaigns for developers, a bounty for the detection of bugs, the open ASIC development and common efforts to strengthen the ecosystem Grin”, — writes Poloniex.
The exchange also notes that, in connection with the transaction feature of the Grin, which do not have public addresses, users are offered two ways to Deposit funds, which must ensure maximum safety and simplicity.
The first method involves the use of URL shortening is the process of depositing funds to a single step. It is best suited for those who want maximum ease, and will also be useful when transferring funds from mining pools or other exchanges.
The second method is more complex and assumes that Poloniex and the user before initiating the broadcast transaction in a network Grin exchange the unique file. This method is intended for more advanced technical users, and for those who want to use Poloniex as Grin-wallet p2p transactions.
More information about payment methods is available on a separate page.
Because Grin transactions work in a fundamentally different way from most cryptoassets, our engineers developed two deposit methods to suit a variety of different use cases. Learn more about both the URL & file based grin deposits at our support center. https://t.co/UhdgJyHCc6
— Poloniex Exchange (@Poloniex) February 14, 2019
Poloniex has become the second largest stock exchange, which began trading shares of Grin. Last week, support for the cryptocurrency added the exchange Bittrex.
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