Online Blockchain PLC Brazio Cryptocurrency - Next Stage of Maturation
19 5월 2020 - 3:00PM
RNS Non-Regulatory
TIDMOBC
Online Blockchain PLC
19 May 2020
News Release
May 19th, 2020
Online Blockchain's Brazio Cryptocurrency Enters Next Stage of
Maturation
- South American digital asset experiences significant demand
and first halving -
Online Blockchain plc, the UK's leading listed blockchain
company, announces that its Brazio cryptocurrency has hit another
significant milestone.
Brazio ( https://braz.io/ ), a listed secure digital currency
for the people of Brazil, underwent its first halving on May 13th.
Halving is a cryptocurrency event where the issuance of new coins
is halved. Miners of Brazio (those responsible for adding new
transactions to the blockchain) will see their block reward reduced
from 200 BRAZ to 100 BRAZ.
There are currently 83 million Brazio coins in existence with
allocation capped at 210 million. The lower supply coupled with
existing high demand is expected to be a positive signal for the
crypto's price ( BRAZBTC) . The proof-of-work currency, designed
for the unbanked of Brazil, has an average daily volume of 250,000
on SouthXchange and sees approximately 3000 claims a day on
cryptocurrency hub FreeFaucet.io
Unlike traditional cryptocurrency, Brazio's mining distribution
is optimised for everyday computers rather than specialised mining
hardware. Details on mining Brazio can be found here:
https://www.braz.io/BrazioMiningGuide.pdf The next halving is
expected to occur in approximately two years' time.
Brazio can be traded here:
https://www.southxchange.com/Market/Book/BRAZ/BTC
"This is a coming of age moment for Brazio and we are excited by
both the currency's development and popularity, " said Clem
Chambers, CEO of Online Blockchain plc. "Brazio's excellent
security, fast transactions and decentralised governance is a
compelling proposition in Latin America, a region which is seeing a
continued rise in cryptocurrency adoption."
Claim Brazio for free here
- ends -
NOTES TO EDITORS
Press/media enquiries: Francesca De Franco -
francescad@advfnplc.com / 0794 125 3135
Online Blockchain PLC
Clement Chambers (CEO) clemc@advfnplc.com
About Online Blockchain plc (LSE: OBC)
Online Blockchain (www.onlineblockchain.io) is a UK-based
incubator and developer of businesses in internet and
information-based technologies, including developers,
administrators and custodians of blockchains and cryptocurrencies.
The Company created ADVFN www.advfn.com and today still has a
holding of 17.98% in ADVFN plc.
Online Blockchain plc continues to consider new related
opportunities and particularly crypto currencies and
blockchain-based opportunities including incubating cryptocurrency
start-ups and developing technical innovation in the blockchain
space. Led by a team with over two decades of pioneering in tech,
Online Blockchain focuses on innovation in cryptocurrency and
decentralised ecosystems via various applications of blockchain:
incubating cryptocurrency start-ups and developing technical
innovation in the blockchain space.
About Brazio
Brazio is a secure digital currency, providing the people of
Brazil a doorway into the cryptocurrency revolution. With all the
robust features of a secure blockchain, Brazio provides anonymous
and virtually instant transactions, with which a third party cannot
interfere. Brazio can be mined by anyone.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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