HONG
KONG, April 23, 2024 /PRNewswire/ -- The fourth
"epic sat," mined earlier by ViaBTC, the third-largest mining pool
in the world, is currently undergoing auction on the
cryptocurrency exchange CoinEx. As the first-ever
public auction of "epic sat" on an exchange, the auction commenced
on April 23 at 00:00 (UTC+8). CoinEx
users can place their bids instantly upon accessing the auction
page, with a minimum bid of 1 BTC.
The auction will conclude on April
26 at 00:00 (UTC+8), and the highest bidder will have the
opportunity to acquire this rare "epic sat" token. To participate
in the auction, participants will need to have sufficient funds in
the CoinEx spot account. Only BTC bids are accepted in the auction.
Upon receiving the bid, the system will deduct the BTC assets. In
case of a higher bid, the assets will be immediately refunded,
allowing participants to place a second bid. CoinEx will notify all
participants of the results via in-site messages and E-mails.
The first satoshi (the smallest unit of a bitcoin)
of each halving, which happens after 210,000 blocks, or
approximately every four years, is known as the 'epic sat'. There
are only roughly 32 epic sats in all, making each one unique and
noteworthy. There are just four spectacular epic sats on the market
right now, which makes each of them hold unique historical
significance and scarcity within the Bitcoin
ecosystem. Sotheby's once auctioned a 'rare sat', which is less
rare than an epic sat, and it was sold for a high price of
107,950 USD.
About CoinEx
Established in 2017, CoinEx is a global
cryptocurrency exchange committed to making trading
easier. The platform provides a range of services, including spot
and margin trading, futures, swaps, automated market maker (AMM),
and financial management services for over 5 million users across
200+ countries and regions.
With its "quality, speedy and comprehensive" listing strategies,
CoinEx has listed over 900+ tokens and 1,400+ trading pairs. This
extensive selection empowers users to access the newest cryptos at
the forefront of innovation. Since its establishment, CoinEx has
steadfastly adhered to a "user-first" service principle. With the
sincere intention of nurturing an equitable, respectful, and secure
crypto trading environment, CoinEx enables individuals
with varying levels of experience to effortlessly access the world
of cryptocurrency by offering easy-to-use
products.
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SOURCE CoinEx Global Limited