Here’s Why Miners are Selling Power Back to the State of Texas
It’s no secret that Bitcoin miners are struggling in the wake of Bitcoin’s record-low price drop, not to mention a BTC mining ban in various countries worldwide. But miners aren’t throwing in the proverbial towel just yet – one Bitcoin mining company is rumoured to have made around $9.5 million in credits through one simple yet incredibly smart tactic: Selling electricity back to Texas.
With energy costs rising and hash prices plummeting, this savvy move is bringing new hope to BTC miners worldwide. And the State of Texas is grateful too: July’s unprecedented heat wave saw the demand for energy skyrocket, making the State grateful to the BTC mining outfit that sold electricity back to the power grid. As scorching temperatures soared beyond 100°F (37°C), locals turned up their aircons in a desperate attempt to ward off the heat. This placed Texas’ power grid under incredible strain.
So, who’s the lucky company that conceived of the idea to start selling electricity back to Texas’ power grid? Operating out of Colorado, Riot Blockchain run one of America’s biggest crypto facilities.
They operate tens of thousands of ASIC-powered systems which run around the clock to mine BTC. According to Riot, they cut back on almost 12,000 megawatt hours – enough to power over 13,000 Texan homes for an entire month. While this doesn’t quite reach the State’s 11 million households, 13,000 is still an impressive number of lights to keep on.
The Bitcoin mining company’s efforts didn’t go unrewarded: They earned not just power credits, but also a bunch of other benefits which, in total, racked up to almost $10 million. The $9.5 million they earned is roughly equivalent to about 439 Bitcoins (as per July’s prices of 2022).
While this would have been about 443 Bitcoins a year ago, 439 is nothing to scoff at. Seeing as Riot mined around $7 million in BTC in July this year – and earned $9.5 million – the perks of scaling back their output are clear to see.
And Riot aren’t the only ones making millions selling power back to the grid. Back in 2020, one Bitcoin miner is said to have made 700% in profits by selling electricity back to Texas.
But making money isn’t the only way miners are staying financially afloat. Saving money is also high up on BTC miners’ collective agenda, which is why many have already joined the waiting list for the highly anticipated launch of PEGA Pool.
PEGA Pool is the world’s first eco-friendly mining pool, and its founders are using a portion of its members’ fees to plant trees. Not only is the trailblazing Bitcoin authority helping offset the damage caused by Bitcoin mining emissions, but they’re also helping miners save money – especially those who are already mining BTC using renewable energy. They qualify for 100% off their pool fees during the BETA phase, and once PEGA Pool goes mainstream in Q1 2023, BTC miners using renewable energy will enjoy 50% off pool fees for life. Miners who aren’t quite on the renewable train just yet will still be able to make a difference by knowing the pool is planting trees with their fees.
Happy and prosperous New Year 2023! May your digital wallets be full of coins and tokens and crypto portfolios dominated by green numbers this year – perhaps also with the help of our weekly Top 3 Coins to watch articles. Despite the good wishes, the last week of 2022 did not bring many green numbers as the slight downtrend expectedly continued and brought the total cryptocurrency market capitalization down by another $5 billion to the current $820 billion level. One can either wait for the general trend to turn upwards again or try to defy the market average by doing the homework and picking only the best of investment opportunities from more than 22,000 cryptocurrencies available. For the first week of 2023, we have selected the following three cryptos.
3. OKB (OKB)
OKB is a utility token of the 2017-launched Malta-based centralized cryptocurrency exchange OKX (before January 2022 known under the name OKEx). OKX, which started out as a branch-out of the China based OKCoin platform, is today among the largest exchanges in the world in terms of both liquidity and trading volume. OKB offers its holders the usual utility token features – it can be used to pay trading fees with up to 40% discount, gain access to the platform’s voting and governance as well as participate in various exclusive reward and earn programs. The total supply of OKB was 300 million tokens, but right now only a bit more than 250 million are in circulation. This is due to the OKX’s OKB Buy-back & Burn program, which allocates 30% of the spot market transaction fees to buying back OKB, which are then sent to a burning address and thereby forever destroyed.
OKB claims the title of the best-performing exchange token in the past 6 months
OKX’s native exchange token OKB has been one of the biggest gainers in the sector over the past couple of months. The OKB token gained around 120% in the past 6 months, and thereby outperformed all other exchange tokens by a large margin. Other exchange tokens and coins performed much worse in the same period: HT and BNB ended the six-month period in the green by appreciating by +14% and +7% respectively. Many other exchange tokens, for example KCS (-24%), GT (-25%) and CRO (-50%) are deep in the red numbers.
OKB/USD price chart demonstrating OKB’s amazing price performance in the past 6 months.
Furthermore, due to the bullish OKB market, the token has recently entered the Top 10 largest cryptocurrencies by market capitalization and became the second exchange token (the other being BNB) among the crypto Top 10. Trying to find the reasons for OKB’s recent price performance, one can’t stumble upon much more than the growth in trading volumes on the OKX exchange, which is arguably the best and most sustainable among the bull-run fuelling factors. While OKX is currently the 5th largest cryptocurrency exchange in terms of combined trading volume, looking at cryptocurrency derivatives trading volume alone puts OKX on the 2nd spot, not far behind leading Binance. In addition, OKX has recently implemented a proof of reserves system to prove its users that the exchange is holding 100% or more of user’s deposits, which gives OKX an advantage over all exchanges that have not implemented such a system yet. Do you think OKX will continue to increase its volumes and market share? Can the bulls push OKB above $30 valuation?
2. Monero (XMR)
Monero is the largest privacy-focused cryptocurrency. It that is designed to provide as much privacy and security to its users as possible. Although the Monero project is fully open-source and run by volunteers, the project enjoys a high reputation within the cryptocurrency community. The Monero whitepaper was published in 2014 by an unknown developer using the pseudonym “Nicolas van Saberhagen”. Monero has been repeatedly bashed in the mainstream media for facilitating ransomware and other hacker attacks since the performers of these illicit actions often demand the payments of ransom to be made in XMR to avoid being caught. While such illegal activities should be condemned, the fact that hackers are utilizing Monero is itself a testament that the blockchain’s privacy features work as intended.
Monero sees an increase in number of transactions, XMR price has outperformed nearly 90 of top 100 cryptos in 2022
Monero is another crypto asset that has recently been trending upwards. By gaining over 20% since early November, Monero outperformed nearly 90 of the top 100 crypto assets this year, among others, Bitcoin and Ethereum. The increasing price of XMR is likely a consequence of continuous improvement in on-chain metrics. For example, the Monero blockchain is among the few networks that have managed to maintain a long-term uptrend in the number of transaction. The growth in the number of transactions becomes especially evident when Monero is compared to other blockchain, such as Bitcoin, whose number of transactions has been rather stagnant in the past 5 years. Monero’s daily transactions, on the other hand, have more than quadrupled in the same time frame. At the same time, the size of an average Monero transaction is just a fraction of the size of an average transaction 5 years ago.
Compare the size of these typical #Monero transactions, today vs. 5 years ago.
Old one: 12.75kB
Today (which incidentally packs so much more privacy): only 1.49kB
Monero innovations and protocol upgrades are a beautiful illustration of human ingenuity and desire for privacy. pic.twitter.com/nZLxqUwuFO
To conclude, Monero is a top-tier privacy-focused crypto that is also due to its continuous development, becoming more and more popular. It will be interesting to see whether XMR manages to keep up the positive market momentum in the future.
1. Shiba Inu (SHIB)
Shiba Inu (SHIB) is a meme token that was launched in August 2020 by an anonymous founder known as “Ryoshi”. Shiba Inu aspires to be an Ethereum-based alternative to the more popular and longer-running meme coin project Dogecoin (DOGE). At launch, 50% of the Shiba Inu’s total supply was sent to Vitalik Buterin’s Ethereum wallet, making SHIB a unique community experiment as well. Ethereum co-founder ended up donating 10% of the supply to a COVID-19 relief effort in India and burned the rest of his SHIB holdings. His donation was worth around $1 billion at that time. While SHIB began as a fun experimental currency it is now transforming into a decentralized ecosystem with a growing number of users and use cases. In fact, the team behind the Dogecoin-inspired memecoin launched several new features over the past couple of months, including ShibaSwap DEX and NFT marketplace.
Shiba Inu will soon deploy Shibarium, the blockchain’s own layer 2 scaling solution, Shytoshi revealed
Shiba Inu’s lead developer Shytoshi Kusama has recently said that Shibarium, the layer 2 scaling solution for Shiba Inu, is coming “very soon”.
Happy Holidays to more than half the 🌎. Wen Shibarium? Please know it will come very soon*, but not during a crucial time for people to spend with their family (or the resulting New Years party time). Enjoy these next days, next year is an important one for humanity.
As any layer-2 solution, Shibarium aims to bring faster transaction times and lower transaction fees for Shiba Inu users. Shibarium, is also expected to feature some sort of a SHIB burning mechanisms, making SHIB an even more deflationary asset, which could potentially increase SHIB price. In addition, Shibarium comes with its own native token called BONE. In addition, screenshots of Shytoshi Kusama’s stating that it is likely soon going to become impossible for him to stay invisible have resurfaced. Many members of the community interpreted the message as Shytoshi hinting that he might reveal his identity soon. The anonymous Shytoshi is believed to be the brains behind Shiba Inu blockchain, the project’s lead developer and co-founder. In response to the news, SHIB burn rate spiked by more than 69% as SHIB holders set ablaze more than 22 million SHIB tokens daily. Another 19.2 million SHIB were burned in the Boxing Day burning ceremony organised by the unofficial SHIB burning project SHIB SuperStore. It will be interesting to see how SHIB will move following the launch of Shibarium – we are speculating that the price is going to increase provided there is no negative influencing factors from the broader crypto sphere.
December 28, 2022, Tallinn, Estonia: Vulcan Blockchain has just announced that its’ novelauto-rebasing Layer 1 protocol will launch in Q1 of 2023. The protocol, which has been under development for some time aims to balance supply side issues affecting market stability. In this vein, the primary key feature of the Vulcan Blockchain is its Auto-Rebasing mechanism, which adjusts the circulating supply of $VUL (the native coin) every 15 minutes.
Vulcan, named after the god of fire and forge, features unique never before seen blockchain technology. Auto-Rebasing is a unique feature that allows a blockchain to automatically adjust its supply of circulating coins. This can be an important tool for maintaining the stability and value of the native coin over time, as well as providing a more predictable and transparent monetary policy.
The Vulcan Blockchain is also Auto-Compounding, which means that as a holder of $VUL, your ownership of coins increases with each epoch.
Jason Matthison, COO of Vulcan, stated:
“In addition to providing stability, an Auto-Rebasing blockchain can also help to provide greater transparency and predictability. “By clearly outlining the rules and conditions under which the supply of tokens will be adjusted, an auto-rebasing blockchain can give users and investors a better understanding of the monetary policy of the network. This can help to increase confidence in the network, making it more attractive to users and investors.”
To add to its Auto-Rebasing, Auto-Compounding capabilities, the Vulcan Blockchain also has a unique burn mechanism, known as the “Fire Pit” (a null address). 80% of all transaction fees on the network are automatically sent to the Fire Pit, which is totally inaccessible and burns the coins from the circulating supply forever. This feature allows $VUL to become hyper deflationary and a trusted store of value cryptocurrency over time.
The combination of these features, along with the commitment to decentralization, makes the Vulcan Blockchain the ideal platform for DeFi applications. Whether you are a user, developer, or investor, the invitation exists to join the Vulcan Network on this exciting journey and be a part of the future of DeFi.
About Vulcan Blockchain
Vulcan Blockchain is the first blockchain with a built-in Auto-Rebasing mechanism, which adjusts the circulating supply of $VUL (the native coin) every 15 minutes. The Vulcan Blockchain is also Auto-Compounding, which means that as a holder of $VUL, your ownership of coins increases with each epoch. The combination of these features, along with the commitment to decentralization, makes the Vulcan Blockchain the ideal platform for DeFi applications.
MicroStrategy added 2500 BTC to its Bitcoin stash for $42.8 million
The company now holds 132,500 BTC, worth $2.2 billion at current market rates
Given the average price of more than $30,000 per BTC, MicroStrategy is currently down roughly $1.8 billion on its Bitcoin investment
MicroStrategy solidifies its top spot as the largest public holder of Bitcoin
Despite the prolonged crypto winter, business intelligence company MicroStrategy has expanded its Bitcoin portfolio with an additional 2500 BTC since November 1st. Founder and former CEO of MicroStrategy, Michael Saylor, shared the news on Twitter on Wednesday.
MicroStrategy has increased its #Bitcoin Holdings by ~2,500 #BTC. As of 12/27/22 @MicroStrategy holds ~132,500 bitcoin acquired for ~$4.03 billion at an average price of ~$30,397 per bitcoin. $MSTRhttps://t.co/lcMeULcGQk
According to the Securities and Exchange Commission (SEC) filing, MicroStrategy increased its Bitcoin holdings from 130,000 BTC on October 31 to 132,500 BTC on December 27 through a series of several trading orders. At current market rates, the company holds more than $2.2 billion worth of Bitcoin.
MicroStrategy is currently by far the largest publicly traded holder of Bitcoin. Marathon Digital Holdings comes in second, with 10,055 BTC. Electric car manufacturer Tesla is in third, with 9720 BTC, per Bitcoin Treasuries data.
According to Saylor, MicroStrategy spent a total of $4.03 billion on its Bitcoin stash, at an average price per BTC of $30,397. The company is currently down almost $1.8 billion on its Bitcoin investment.
Intelligent Protocol, the platform that fans and financial market activists have been waiting for, has finally been launched! In this article, we are going to check this platform and see why it became popular before it was launched and everyone was waiting for its beta phase. Therefore, be with us to introduce you to this platform and its features.
Intelligent protocol , a brokerage of future
In the financial markets, many projects are launched every year and each one has a purpose, among them, many of them go to destruction and many also commit fraud, and in any case, it is the investors who are destroyed. But what is the main reason that these projects are destroyed?
Some of them enter the financial markets with the sole purpose of fraud and then disappear after a while, but others also enter the financial markets with the right purpose, but for one reason they do not last. what’s the reason?
In order to compete with the giants of the financial markets, projects that intend to compete must have something to offer. A new idea, creativity or solving an existing problem, but otherwise, it is the pioneers of the market that remain and new projects are removed from the competition scene. This is exactly what Intelligent did. This platform is designed to revolutionize the financial markets.
This platform has very attractive features, such as artificial intelligence, which happened for the first time in the financial markets, and is one of several attractive intelligent innovations. We will talk more about this later.
What is intelligent protocol?
Intelligent Protocol is the first multi-asset platform on the Solana platform, which has made it possible to trade all assets such as forex, crypto, commodities, and even the stock and bond markets in one platform. And the surprising thing is that this whole process is done decentralized in the last phase of the project. That is, real stocks like Apple in the decentralized world!!!
Because this network uses the Solana platform, the platform has high speed and high security.
The intelligent team and its idea was designed and collected from 2017 and until 2021 this team was facing many challenges because its goal was a transformation in the financial markets and the ideas they had were very new, but finally these ideas were implemented by The team of experts and specialists of this platform was implemented and in 2022 this intelligent phase, i.e. beta, was launched.
Intelligent is an invite only platform and not everyone has the right to enter it. That’s why you should receive the company’s and referral code in the beta campaign. With this, the number of network operators is minimized, which was one of the attractive ideas of this team.
$200 for those who enter
This platform offers from 5 to 200 dollars for people who enter it and this can be an allowance to start your trading.
Intelligent protocol has several distinct phases.
Centralized
Decentralized
Tokenized share
And this platform is designed to combine the traditional world with the modern one. For example, the first phase is focused, but it has used artificial intelligence and many other features such as fund manager.
Support
Intelligent has given full support at the time of launch and you can see many articles on this project’s website to answer your questions. Intelligent support is available 24 hours a day and you can talk to the Intelligent team at any time of the day or night.
Fund manager
Capital managers are one of the main parts of the platform that are very attractive among users. If you can’t manage your assets or you don’t have time for capital management, Intelligent has capital managers for you. You enter the platform and provide your asset management to the capital managers, and they will give you the desired profit you need with all their efforts.
If you are an expert in financial markets, Intelligent invites you to cooperate and you can manage capital on this platform and become a member of the large Intelligent team.
Affiliate program
In the beta campaign, Intelligent Fleet is one of the most attractive parts of this campaign, because the audience can receive a code in this part by inviting their friends to the platform. And both of them will receive a reward.
Orb is a point and credit within the platform that you can use to use different parts of Intelligent, or you can even earn dollars by selling your orbs. And the good news is that you can get intelligent orb in the beta campaign. Therefore, follow this project’s social network to be aware of their news.
Artificial intelligence
We have reached one of the most attractive parts of intelligent, artificial intelligence.
Intelligent artificial intelligence is very practical and has been used for the first time in financial markets, in other words, intelligent technology has been fully used in financial markets.
Artificial intelligence is completely at your disposal and offers you attractive services, and this is why Intelligent created its second slogan: A platform where you don’t lose!
Artificial intelligence has been used in all intelligent departments, for example, at the beginning of the platform, you will be tested until your knowledge level is measured, and finally, artificial intelligence will classify users and provide them with tasks from beginner to advanced level. All these services are free.
Asset recommendation
After the users are categorized by the artificial intelligence, the artificial intelligence offers them assets that can bring them to a favorable profit, according to their risk and interests.
All these sections are derived from the logical risk management systems and methods such as MPT, efficient frontier, etc. are used, which are very attractive. This is the first time this has happened.
Portfolio Section
In the portfolio section, you have attractive features that will surprise you. For example, Portfolio Optimization: Moisturization and organization of your portfolio is to achieve long-term profitability, and this section is at your disposal for free, or portfolio analysis section: In this intelligence, risk methods such as sharpe ratio, maximum drawdown are used. and according to the initial clustering, the artificial intelligence determines whether you have designed the right portfolio or not and then provides you with the appropriate weight of each asset.
And this is really attractive, isn’t it?
Even if you need to create a portfolio, there are special features for you in the Portfolio Builder section of artificial intelligence, and according to your risk tolerance and the analysis of your transactions and interests, a suitable portfolio will be designed for you.
If you are a trader, you don’t need to spend a lot of time on the chart because artificial intelligence provides you with all the signals on the chart in the smart chart section.
In addition to the features of artificial intelligence, there are also facilities such as reports and trainings, which are very attractive, and when you suffer in the market, artificial intelligence offers you articles according to your loss so that you can gain complete knowledge by reading them.
How to participate in the campaign?
The good news is that the Intelhinet campaign has not yet ended and you can participate in it. To participate in the campaign, you must first log in to Imtelligent’s robot, where you can get the channel link in Intelligent’s social media.
In the following, you can receive a referral link by doing a process, which may take a little time because the number of users is large. And in this robot you can also receive your orbs.
The intelligent platform is a platform of the future and has very attractive ideas that it has implemented well, but for investment, be sure to do your own research to invest with peace of mind.
To learn more about this platform, you can read articles related to intelligent!
Dr. Ming Wu, co-founder of Conflux Network, was invited to Hong Kong to speak with various government and private organizations about the digital economy, innovation and technology, and has reached an initial strategic cooperation intention.
Conflux is already in the process of registering related entities for the entry into Hong Kong, solidifying its role as foundational infrastructure for Web3.
This follows October’s announcement of the “Policy Declaration on the Development of Hong Kong Virtual Assets” which has paved the way for a more hospitable blockchain environment in Hong Kong.
Dr. Ming Wu, Co-Founder of Conflux Network, was invited by the Hong Kong Government to discuss the rise of tech innovation through Web3 and how the Conflux Network could play a foundational role in these developments. During the visit, Dr. Ming Wu had an in-depth discussion with the heads and reception staff of various institutions under the new “Policy Declaration on the Development of Hong Kong Virtual Assets” officially released in October.
Over the past several years, stringent COVID-19 travel control measures and regulatory uncertainty saw many Hong Kong blockchain and crypto companies shift their businesses to more hospitable areas. This policy shows a significant refocus on digital assets and coincides with the launch of the first two exchange-traded funds for cryptocurrency in Hong Kong.
Dr. Ming Wu introduced the Conflux Tree-Graph public chain, explaining it is the only compliant, public and permissionless chain in China and has achieved 3000+ TPS, 5000+ nodes and 0.5s block generation. In terms of throughput, confirmation time, and cost of use, it has 2-3 orders of magnitude advantages over the international first-generation public chain “Bitcoin” and the second-generation public chain “Ethereum”. The system performance ranks first in the world.
Dr. Mig Wu said ‘Hong Kong’s open environment for crypto provides more opportunities for practitioners in Web3 and Metaverse, especially for those from China. People here have more freedom to make the technique and business innovations in a compliant manner. This will also accelerate the integration of Web3 into the traditional internet business and economies to maximally extract its value. By expanding to Hong Kong, Conflux will be able to take a whole different strategy and have the potential to become the foundation to fulfill the Web3 vision of Hong Kong.’
The expansion follows Conflux Network being named a potential unicorn, a private startup company valued at over $1 billion, in the Emerging Giants in Asia Pacific joint report from HSBC and KPMG. One of only five blockchain-related companies to make the prestigious list.
About Conflux
Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.
As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.
Are you looking for the hottest online casino to make your wagers and win big? Do you want to know where you can use your cryptocurrency to make bets in the United Kingdom?
You can find all this under one roof – Dr.Bet Casino. Read below to know more!
What Makes Dr.Bet Casino so Unique?
Dr.Bet is a new online gambling institution that strives to provide patrons with the best offerings of the time. Established in 2020, this bet casino allows players to use cryptocurrency as a payment method. Most betting establishments are yet to allow crypto as legal money.
Dr.Bet is an organization much ahead of its time. By allowing cryptocurrency as a withdrawal method, the casino creates a much safer and more exciting space for bettors. This unique feature enables those dealing in crypto to bet to their heart’s content and get more than what they receive as their wins.
Why Should You Play at Dr.Bet?
Takes Initiative
What we see from a casino of this calibre is that it is not afraid to take new initiatives. Dr.Bet not only provides a pleasurable experience for players but also the latest gizmos to make betting enjoyable. This is a betting business whose future is bright indeed.
Allows Cryptocurrency
While cryptocurrency is not an original or new element at an online casino, what a betting establishment does with it is interesting. Dr.Bet chooses to encourage players who wish to use crypto. You can use it as a withdrawal method – this is not something you usually see at online casinos.
A Variety of Games are Available
Despite being a new establishment, the Dr.Bet casino offers players a large range of games from some of the biggest software providers operating in the betting industry. From virtual games to live casinos to sports betting, Dr.Bet provides an opportunity for any player to get what they want.
Some of the Best Customer Support Services
The Dr.Bet customer support is truly amazing. With a quick response time, the team works around the clock to help solve any problems players may face while on the site. You can contact them at support@dr.bet or speak to a team member through the live chat function.
A Final Verdict – Is Dr.Bet Worth It?
With its strong security measures and unique features, Dr.Bet is a casino that our reviewers keep turning to. You should know that small-scale casinos face restrictions in many countries. However, if you want a reliable casino with a range of sports and games from the biggest providers and multiple payment methods, this establishment is the one for you. In our verdict, we can safely say that Dr.Bet is worth your while. So, immerse yourself in the world of beautiful gameplay and keep yourself thoroughly entertained.
It’s hard to believe that 2022 is the year that saw NFTs being sold for 100s of millions and Bitcoin reach all-time highs of around 60,000 USD. While at the same time being the year that saw multiple crypto companies crumble, including the infamous collapse of FTX, and causing Bitcoin to fall to 16,000 USD wiping out hundreds of billions from the crypto market cap. It is simply a year that the Web 3 world will never forget.
There were many downs in 2022. However, there are also a lot of positives that happened to the Web 3 world. For instance, unstable companies such as Three arrows capital, LUNA token and FTX went bankrupt and were removed from the ecosystem. And this caused the industry to mature by putting high priorities on compliance. Furthermore, this process has highlighted the importance of providing functional business utilities through tokens and NFTs in the Web 3 world.
It is for those reasons that Metavsummit continues to make it a priority to attract the builders of Web 3 & the Metaverse to Dubai’s investors & strategic partners. Metavsummit has shown the world that gamification of business through VR, AR and NFTs can be a wonderful value-add for customers that can make the experience enjoyable and memorable. By bringing together the top companies of the Web 3 & Metaverse industry to Dubai, such as Undead.com, Gaia Everworld, Metaverser and Dancing Seahorse, the world can have a better understanding of how business will be done in the future. Moreover, the event continues to help build a sustainable and long-term thinking industry that enables true decentralized technology for our world.
To learn more about METAVSUMMIT Jan 11-12, 2023, please
It is reported that the MEXC Mastercard can be directly connected to the user’s MEXC account, allowing users to recharge with cryptocurrency balances. Cardholders can manage their cards, view transaction history, and access customer support through the card dashboard on the MEXC app and website.
“MEXC is committed to tangibly promoting global cryptocurrency adoption, bringing cryptocurrency into everyday shopping. We believe that the MEXC Mastercard is an important step in encouraging wider cryptocurrency use and global adoption.”
Andrew, VP of MEXC Global, said.
The launch of the MEXC Mastercard is a new practice of MEXC in cryptocurrency. MEXC Mastercard can not only help cryptocurrency to be used in life payment like traditional bank account payment but also expand the user base from traditional financial card users to those Users who are keen on spending with cryptocurrencies. Now such cryptocurrency cards are becoming more and more popular.
“The launch of the MEXC Mastercard also reflects our reliability, innovation, and influence. We always start from the perspective of users’ needs and provide users with professional products and services. After continuous efforts, in the second half of this year, the liquidity of contracts, spot, and ETFs has achieved the world’s first.”
Andrew added.
About MEXC
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and more. MEXC currently serves more than 10 million users worldwide and embraces the philosophy of “Users first, MEXC’s Changing for you”. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.
