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
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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.
