Wallet Service of Top Bitcoin Mining Pool, Poolin, Will Issue ‘IOU’ Tokens After Suspending Withdrawals

Wallet Service of Top Bitcoin Mining Pool, Poolin, Will Issue ‘IOU’ Tokens After Suspending Withdrawals

The tokens will reflect a 1:1 ratio of user balances across bitcoin (BTC), ethereum (ETH), tether (USDT), litecoin (LTC), Zcash (ZEC) and Dogecoin (DOGE). Poolin IOUs can be traded for the corresponding cryptocurrency, used to buy new mining machines or shares of the company.

Originally Posted on: https://www.coindesk.com/business/2022/09/13/bitcoin-miner-poolin-to-issue-iou-tokens-after-suspending-withdrawals/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Oliver Knight, Eliza Gkritsi

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