CoinEx, one of the leading cryptocurrency exchanges, is making history by breaking new ground in the industry. In the fourth Bitcoin Halving that will take place this week, the first satoshi issued by ViaBTC, “epic sat”, will be auctioned on CoinEx’s platform. This historical event presents a unique opportunity in the cryptocurrency world.
CoinEx holds auction for “epic sat” sale
As it is known, Bitcoin’s fourth halving took place on the night between April 19 and April 20, and the rate of new Bitcoin creation and miner rewards were halved. This event, which occurs approximately every four years, is a fundamental aspect of Bitcoin’s design and limits the total supply to 21 million. Following the halving, the block reward for miners dropped to 3,125 BTC per block.
At this point, CoinEx, one of the world’s leading global cryptocurrency exchanges, announced that it will auction the “epic sat”, the first satoshi issued by ViaBTC during the fourth Bitcoin halving this week. This historical event is a first in the crypto industry. The auction will be priced in BTC and the minimum bid will be 1 BTC. ViaBTC, one of the leading Bitcoin mining pools that collaborates closely with CoinEx to offer users a wider range of crypto asset services, will host this historic auction.
Epic sell: A rare and important asset
So, what is this “epic sell” that is on sale? “Epic sat” is the first satoshi of each halving. In addition to being the name used by Bitcoin’s inventor, Satoshi is the smallest unit of Bitcoin on the Blockchain. It is one hundred millionth of a single Bitcoin. The epic sell occurs after block 210,000, or roughly every four years, in parallel with the halving. There are only 32 epic satoshi in total, making each one important and rare. There are currently only four epic sats on the market.
This auction pioneers a new model of trading activity, making CoinEx the pioneer of the epic sell auction in the exchange industry. To provide further updates on the auction, CoinEx will share details and updates. It will provide a special page for this.
About CoinEx
Founded in 2017, CoinEx is a global cryptocurrency exchange dedicated to making trading easier. The platform offers a range of services including spot and margin trading, futures, clearing, automated market maker (AMM) and financial management services for more than 5 million users in more than 200 countries and territories. CoinEx has listed 900+ tokens and 1400+ trading pairs with their “Quality, fast and comprehensive” listing strategy. This comprehensive selection gives users access to the latest cryptos at the forefront of innovation.
CoinEx has resolutely adhered to the “user first” service principle since its establishment. It aims to enable individuals with different experience levels to access the world of cryptocurrency effortlessly by offering easy-to-use products. Also, the stock market; It sets its mission to foster an equitable, respectful and safe crypto trading environment.
Ultimately, the epic sat auction reinforces CoinEx’s leading position in the crypto industry. Moreover, it represents an important turning point in Bitcoin’s history. Because, as we stated above, epic sats are special satoshis that are produced only once in each Bitcoin halving and are extremely rare. There are only 32 epic satoshi in total and only four are currently on the market. This rarity makes epic sats an extremely valuable and sought-after asset.
Disclaimer: This is a sponsored content and press release, and what is written here does not reflect the views of the Kriptokoin.com team. High risk of loss should be taken into consideration in leveraged transactions and cryptocurrency investments, and extensive research should be done before investing in any platform. To be instantly informed about the latest developments, contact us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!