Asian Fintech, The Embodiment of 21st Century Financial Tech...| MENAFN.COM

Friday, 20 May 2022 08:08 GMT

Asian Fintech, The Embodiment of 21st Century Financial Technology , to List on BitMart Exchange


(MENAFN- TimesNewswire )

BitMart, a premier global digital asset trading platform, will list Asian Fintech (AFIN) on December 7, 2021. For all BitMart users, the AFIN/USDT trading pair will be officially available for trading at 05:00 AM EST.



What is Asian Fintech ?

AFIN Coin aims to bridge the gap between cryptocurrency and sustainability.AFIN enables users to be involved in crypto mining with renewable energy by staking for Green Bitcoin , a bitcoin which utilizes clean energy such as solar , wind , hydro to mine. AFIN makes the experience of sustainability activities fun and rewarding through engaging in NFTs and Metaverse.

How much electricity does Bitcoin consume? This question requires a few factors to take into account such as the Bitcoin“hash rate”

which is the speed required for computers in the network to perform the calculation in order to validate Bitcoin and maintain the Bitcoin blockchain network. The most accurate number is from the Cambridge Bitcoin Electricity Consumption index which states that 80 terawatt-hours of electricity annually is needed to mine Bitcoin. In fact, the real and biggest problem is not even its extreme power consumption of the Bitcoin network, but the fact that Bitcoin's mining network is located in regions that rely heavily on coal-based power. Coal is fueling Bitcoin” (Stoll, 2019). This concern is emphasized by the tweet sent by tech entrepreneur Elon Musk back in May 2021, in which he stated that Tesla would stop accepting BTC payments due to the increasing usage of fossil fuels for mining and that Tesla will resume the use of Bitcoin as soon as mining transitions to more sustainable energy.

The Solution

AFIN aims to solve this problem by mining Bitcoin through the use of renewable energy such as wind, solar and hydroelectric energy. Bitcoin mining farms will be situated next to the power grid that utilizes energy from pure renewable energy sources. The Bitcoin generated from this will be called“Green Bitcoin” under the AFIN ecosystem. In order to connect the holders of AFIN Coin to Green Bitcoin, AFIN will provide a staking platform for holders of AFIN Coin to stake their AFIN Coin and receive Green Bitcoin. It will not be wrapped Bitcoin or an imitation of Bitcoin of any kind, but will be Bitcoin that is on the Bitcoin blockchain. Recipients of the Green Bitcoin will be able to trace and verify the creation of their Green Bitcoin on the Bitcoin blockchain themselves

About BitMart

BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap . BitMart currently offers 370+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website , follow their Twitter , or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.

About Asian Fintech

Be a part of revolutionary move in crypto to form the new green economy and gain rewards at the same time. To learn more about Asian Fintech, please visit their website , follow their Twitter and join their Telegram .

MENAFN03122021006250013577ID1103298451


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.