On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Blockstream has announced the launch of a new security token backed by the company's mining facilities.
Canadian-based Blockchain tech company Blockstream announced the launch of a security token backed by the company's mining production on March 29.
It offers an alternative to investing in Bitcoin mining stocks, with the company providing non-US qualified investors exposure to Bitcoin mining through the Blockstream Mining Note security token. BMN represents 2,000 terahash per second of hashrate from Blockstream's mining facilities.
The Bitcoin mined for BMN will be held in cold storage for three years, and will be distributed to the final token holders at the end of that time frame.
Blockstream plans to begin BMN mining operations by July 9, with the following tranches expected to be released in the third quarter of this year.
See https://t.co/W6zlfDQRpq some more details (BMN is available to non-US qualified investors)
— Adam Back (@adam3us) March 31, 2021
The BMN security token offering, or STO, will be held on STOKR, a European investment marketplace for alternative digital assets. The first tranche of security tokens will be on offer from April 7, and are priced at roughly $240,000 each, which is also the minimum investment.
"BMN will entitle its holders to hash rate produced by #Bitcoin miners at #BlockstreamMining colocation facilities around the globe. As a security token, $BMN is subject to certain regulatory requirements and provides investors with legal recourse and high-level transparency." ⛏️ https://t.co/n9HyuWFTpF
— Blockstream (@Blockstream) March 30, 2021
In the announcement published on Blockstream’s website, CEO Adam Back and CIO Chris Cook emphasized the benefits of gaining exposure to the security token in comparison to investing in mining infrastructure:
“By packaging mining in a tradable token, the BMN allows investors more flexibility than a traditional investment in physical mining infrastructure—investors can more easily adjust their exposure to Bitcoin mining by trading the BMN on secondary markets.”
“By expanding investor participation in Bitcoin’s proof-of-work, the BMN also strengthens Bitcoin’s security and censorship resistance. It’s a win-win for investors and the broader network,” the post said.
Exposure to Bitcoin mining has been a lucrative option for many investors. Cointelegraph reported on March 22, that shares in the top four publicly traded mining firms were up 5000% in the last 12 months, compared to the 900% growth of Bitcoin in that same period.
https://ift.tt/39wNzpU
Comments
Post a Comment