Bitcoin Latinum (LTNM) will list on cryptocurrency exchange DigiFinex in the third week of October. Monsoon Blockchain, Bitcoin Latinum’s lead developer, also plans for the token to list on a number of other global exchanges in the upcoming months. Headquartered in Singapore, DigiFinex says it has attracted more than four million users across the globe, and can be accessed by users in 150 countries.
LTNM will be available for trading with BTC and USDT pairs and official trading is expected to start around the week of Oct 21. The DigiFinex listing will be the first of a half dozen exchanges, which plan to list LTNM before the end of 2021, the company said.
Bitcoin Latinum was built as an open-architecture cryptocurrency technology, capable of handling large transaction volume, cybersecurity, and digital asset management. Based on the Bitcoin ecosystem, Bitcoin Latinum was developed by Monsoon Blockchain Corporation on behalf of the Bitcoin Latinum Foundation. LTNM is a greener, faster, and more secure version of Bitcoin.
“Sustainability is always our first priority, professionally as well as personally, and Bitcoin Latinum is bringing a way out,” DigiFinex CXO Kiana Shek said. “We are excited to be the very first exchange to launch LTNM, the greener and faster Bitcoin with Proof-of-Stake consensus.”
With daily trading volume around $1 billion, DigiFinex also offers spot, leverage, perpetual trading, and fiat to crypto trading. Recently, DigiFinex obtained the exemption of Provision of Digital Payment Token Services in Singapore, allowing for users in the region to use its platform for acquiring cryptocurrencies.
Bitcoin Latinum was developed with a highly scalable network that will initially support up to 10,000 transactions per second and millions of transactions per day to facilitate retail transactions. With its proof of stake (PoS) consensus method, Bitcoin Latinum ensures the network facilitates more transactions per minute at lower transaction fees, averaging 10 cents per transaction so far in 2021.
Utilizing its advanced PoS mechanism, LTNM holders will earn rewards for holding their coins as collateral to stake on the Bitcoin Latinum network. This leads to less electricity consumption. LTNM reduces the energy consumption to 0.00015 kWh per transaction.
LTNM reports that it is insured, and backed by real-world and digital assets. Its asset backing is held in a fund model so base asset value increases over time. It accelerates this asset-backed funds growth by depositing 80 per cent of the transaction fee back into the asset fund that backs the currency. Therefore, the more Bitcoin Latinum is adopted, the faster its asset funds grow, creating a self-inflating currency.
“We are very excited about selecting DigiFinex as our first exchange, representing the first step of our plan to list on many of the major exchanges around the world,” Bitcoin Latinum founder and Monsoon Blockchain Corporation CEO Dr. Donald Basile said. “This is a milestone event in the history of Bitcoin Latinum and the beginning of an exciting journey to revolutionize digital transactions. In the next few months, we will be announcing LTNM’s listing on additional exchanges as part of our mission to reach wider audiences and improve the acceptance of digital assets on a global scale.”