Bitcoin Latinum (LTNM), a next-generation cryptocurrency, announced on October 15, 2021, that it would list on the FMFW.io Exchange, which was formerly called Bitcoin.com. The listing of LTNM on this top-tier exchange is a major milestone for both parties. For LTNM, it is an opportunity to be listed on a globally leading exchange while for FMFW.io, it is an opportunity to become the second exchange where LTNM is listed. LTNM is going to be available to traders using USDT and BTC pairs with official trading set to begin at the end of November 2021.
About Bitcoin Latinum
Bitcoin Latinum is an asset-backed crypto coin whose design is based on that of Bitcoin. It was created by Monsoon Blockchain Corporation for the Bitcoin Latinum Foundation. Monsoon Blockchain has recently begun working with the US National Science Foundation. Creators of LTNM designed it to be faster, greener, and more secure compared to Bitcoin. It is designed to handle massive crypto transactions while being efficient in terms of scalability and cost. As a new blockchain-powered token, LTNM is focused on service high-growth sectors such as Gaming, Media, Telecommunications, and Cloud Computing.
Improving On The Bitcoin Architecture
LTNM is designed to improve on the concerns about energy usage by the Bitcoin network. It utilizes a proof of stake consensus mechanism, which boosts the TPS rate but also helps to cut fees. Another improvement over BTC is that LTNM markets itself as “insured.” All coins are backed by real-world, and digital assets. Its asset-backing is based on a fund model, which ensures that base asset value rises over time.
To accelerate the growth of the fund, 80% of all transaction fees are deposited in the asset fund. Thus, as more people adopt Bitcoin Latinum, the fund will grow bigger, which will lead to a self-inflating currency. Additionally, users and businesses can unlock new revenue streams while lower transaction costs. The listing of LTNM on FMFW.io is an indication of the commitment by the Bitcoin Latinum Foundation to support the growth of its ecosystem.
What the Leadership Team Had To Say
While discussing the listing, the FMFW.io Exchange CEO, Danish Chaudhry, stated that:
“As we see the ecosystem move towards energy-efficiency, next-generation assets like Bitcoin Latinum with its increased speed and low transaction fees are bound to grow exponentially within the industry as a method of digital transaction.” He added that “We’re very excited to see how Bitcoin Latinum will continue to empower their vision and gain further outreach with our outstanding community at the exchange.”
Monsoon Blockchain CEO and Bitcoin Latinum Founder Dr. Donald Blaise also had something to say about this listing. He was quite enthusiastic about it. According to him:
“we are very excited about selecting FMFW.io (formerly known as Bitcoin.com exchange) as our second exchange on our plan to list on many of the major exchanges around the world. This is a milestone event in the history of Bitcoin Latinum and the continuation of an exciting journey to revolutionizing digital transactions. In the next few months, we will be announcing other exchanges to reach wider audiences and improve the acceptance of digital assets across the world.”
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