press release
PRESS RELEASE. Palo Alto, October 18, 2021 – LTNM, the next generation insured asset-backed cryptocurrency, continues to gain momentum and expand its global acceptance as it announced today it will be listed on FMFW.io Exchange (formerly known as Bitcoin.com Exchange), a top-tier cryptocurrency exchange. This represents a milestone for both parties – one where LTNM will list on one of the world’s leading exchanges, while FWFW.io will be the second crypto exchange to list it. LTNM will be available for trading with BTC and USDT pairs, and the official trading is expected to start at the end of November 2021.
LTNM is an insured asset-backed cryptocurrency developed by Monsoon Blockchain Corporation on behalf of a foundation. LTNM is a greener, faster, and more secure version of Bitcoin, capable of managing massive crypto transactions while being highly efficient in terms of cost and scalability. As a revolutionary new Bitcoin blockchain-based token, LTNM focuses on efficiently serving high-growth industries like Media, Gaming, Telecommunications, and Cloud Computing.
Improving on Bitcoin’s energy-usage concerns, LTNM utilizes a proof-of-stake (PoS) algorithm to achieve consensus, which not only increases the TPS rate of the network but also significantly minimizes the fee. Besides, unlike other crypto assets, LTNM is insured, and backed by real-world and digital assets. Its asset backing is held in a fund model so that base asset value increases over time. It accelerates this asset-backed funds growth by depositing 80% of the transaction fee back into the asset fund that backs the currency. Thus, the more LTNM is adopted, the faster its asset funds grow, creating a self-inflating currency. Furthermore, users and businesses can unlock new revenue streams while lowering their transactional costs. The listing on FMFW.io exchange highlights the foundation’s commitment to supporting the growth of a sustainable crypto ecosystem.
Danish Chaudhry, the CEO of FMFW.io Exchange, shared his views on LTNM’s upcoming listing, saying that “As we see the ecosystem move towards energy-efficiency, next generation assets like LTNM with its increased speed and low transaction fees is bound to grow exponentially within the industry as a method of digital transaction.”
Chaudhry continues on by saying: “We’re very excited to see how LTNM will continue to empower their vision, and gain further outreach with our outstanding community at the exchange”
Dr. Donald Basile, CEO of Monsoon Blockchain Corporation expressed his enthusiasm about upcoming listing on LTNM onto FMFW.io exchange, by stating that “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 LTNM and the continuation of an exciting journey to revolutionising 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”.
About FMFW.io Exchange
The FMFW.io exchange (formerly known as Bitcoin.com Exchange) is on a mission to Free the Money, Free the world. With our easy-to-use, reliable platform we enable anyone to start trading cryptocurrencies. We continuously add new assets to our more than 400 trading pairs, offer deep liquidity, 24/7 multilingual support and 100% uptime.
For more information, please visit https://fmfw.io/
FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any information offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation or be relied upon as personalized investment advice. Consult a licensed or registered professional before making any investment decision.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Listen to the latest Bitcoin.com Podcast:
Image Credits: Shutterstock, Pixabay, Wiki Commons
Credit: Source link
