Monsoon Blockchain, Bitcoin Latinum's lead developer, has announced plans for Bitcoin Latinum to officially list in four more exchanges including Bitmart ($1.6 billion in daily volume), Changelly, XT.com and Changelly Pro by the end of 2021. Thus, the more Bitcoin Latinum is adopted, the faster its asset funds grow, creating a self-inflating currency.īitcoin Latinum currently trades publicly on HitBTC(the fifth largest exchange by volume at $4 billion), FMFW.io (formerly Exchange and operating with $3.3 billion in daily trading volume), AAX Exchange ($1.3 billion in daily volume), LBank Exchange($1.35 billion in daily volume), Hotbit and DigiFinex. It accelerates this asset-backed funds growth by depositing 80% of the transaction fee back into the asset fund that backs the currency. Its asset backing is held in a fund model, so that base asset value increases over time. Unlike other crypto assets, LTNM is insured, and backed by real-world and digital assets. To date, NFTs were tied to the Ethereum blockchain, however UnicoNFT is the first NFT marketplace to utilize Bitcoin and Bitcoin Latinum for NFT transactions, thereby opening more options and allowing everyone to participate in the NFT world. According to Decrypt, the NFT market produced 10.67 billion dollars-worth of transaction volume in Q3 2021- eight times as much as the previous quarter, and up from $328 million in 2020. NFTs use blockchain to record the ownership and provenance of digital items such as images, videos, collectibles and even land in virtual worlds. The marketplace features an extensive array of collections, auctions, live actions, and many popular categories including entertainment, pop culture, gaming, influencers, and celebrities. In an effort to make an advancement in the latest NFT space, the platform has partnered with Unico to launch a decentralized NFT marketplace called UnicoNFT. Monsoon Blockchain, the blockchain development platform behind Bitcoin Latinum, has been trying to disrupt the crypto industry with innovative technological solutions. It will also solve the typical problems of using the Ethereum blockchain such as high fees and low transaction speed. This will open up new opportunities for people who want to own digital artwork or collectibles and also unlocks the huge liquidity available in the whole crypto space.
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