The post Crypto Traders Seeking New Alternatives Upon Txbit Announces Closure appeared first on Coinpedia Fintech News

Txbit announced that it will be shutting down its services on September 14, 2023 at UTC 12:00  due to adverse market conditions. Users are advised to withdraw their funds before the designated date. Txbit was known for not requiring KYC verification, opening the trading platform to everyone. This closure is a significant setback for traders who are fond of PoW tokens. 

Alternatively, CoinEx offers a wide range of trading pairs and services. As a long-standing global crypto exchange for more than 7 years, CoinEx boasts several significant advantages. First, CoinEx Exchange has a large user base of  5 million and provides easy-to-use, secure, and reliable crypto trading services in over 200 countries across the globe. Users can confidently engage in transactions on this platform. Second, committed to making crypto trading easier, CoinEx Exchange offers over 700 trading pairs for users. CoinEx is completely reliable with 0 security breaches recorded, and has always maintained 100% reserve to secure users’ funds.

CoinEx Exchange features a wide range of coins and tokens for users to choose from. CoinEx’s PoW (Proof-of-Work) Tradeboard is underway. Users can now participate in the PoW special event, and trade KAS, RXD, NEXA, and more on CoinEx for a chance to win a share of 5,000 USDT. For more information, please click the link: https://www.coinex.com/en/activity/trade-rank/17

Below are some promising PoW coins available on CoinEx. 

·FLUX (Flux)

Trade FLUX at https://www.coinex.com/en/info/FLUX 

Flux is a decentralized cloud computing network with blockchain-as-a-service solutions, offering an interoperable, decentralized, AWS-like development environment. Flux utilizes a native POW coin to power this ecosystem, providing incentives for hardware hosters, governance on-chain, and bad actor mitigation via staking requirements for running hardware.

·ERG (Ergo)

Trade ERG at https://www.coinex.com/en/info/ERG 

Ergo is a PoW smart contract platform that enables new models of financial interaction, underpinned by a safe and rich scripting language and flexible and powerful Zero-Knowledge proofs. ERG, the native token of Ergo, is mined using an ASIC-resistant PoW algorithm called Autolykos.

·KAS (Kaspa)

Trade KAS at https://www.coinex.com/en/info/KAS 

Kaspa is a POW public chain developed using the GhostDAG/PHANTOM protocol, a scalable generalization of the Nakamoto Consensus (Bitcoin consensus). Its design is faithful to Satoshi’s principles in Bitcoin — proof-of-work mining, UTXO-formed isolated state, deflationary monetary policy, no pre-mining, and no central governance. Just like Bitcoin, Kaspa is also fully decentralized and permissionless. Anyone can participate and help to secure the network. Kaspa also practices community-based governance. On Kaspa, all tokens can only be obtained through mining. CoinEx listed KAS in 2022, making it one of the earliest platforms to support KAS trading. 

·NEXA (Nexa)

Trade NEXA at https://www.coinex.com/zh-hant/info/NEXA 

Nexa is a Layer-1 blockchain, with smart contracts that can scale for global P2P usage. NEXA adopts a UTXO-based blockchain architecture, similar to Bitcoin. Currently, it can be mined only through CPU and GPU mining. NEXA follows a similar monetary policy and block reward structure as Bitcoin. The current Nexa block reward is 10 million NEXA per block. A new block is generated approximately every two minutes, resulting in around 720 blocks per day (7.2B NEXA mined daily).

·RXD(Radiant)

Trade RXD at https://www.coinex.com/en/info/RXD 

The Radiant Network is a peer-to-peer digital asset system that enables direct value exchange without going through a central party. Similarly to Bitcoin, the Radiant network timestamps transactions into an ongoing hash-based proof-of-work chain. RXD features a total supply of 21 billion, with a 50,000 block emission and two-year halving cycles.

·OCTA（OctaSpace）

Trade OCTA at https://www.coinex.com/en/info/OCTA 

Launched in April 2023, OctaSpace is a decentralized cloud computing platform built on blockchain. The project is designed to be easy to use, even for those new to the concept of distributed computing. With OctaSpace, users can tap into the combined power of CPU and GPU resources from nodes worldwide to tackle even the most challenging tasks. CoinEx recently rolled out an OCTA airdrop, sending 20,000 OCTA tokens to its users.

Users can browse and learn more PoW coin projects on CoinEx by selecting “Mining (PoW)” on the Market Overview. CoinEx will continue its endeavour to provide more promising PoW coin offerings to its users.

Source: The official website of CoinEx https://www.coinex.com/en/markets/coin?tag=7&page=1

As a reliable and user-friendly trading platform with a wide range of trading pairs, CoinEx Exchange will continue to grow worldwide. Users can always trade and/or mine with confidence on CoinEx Exchange. The platform offers a professional, secure, and easy-to-use crypto trading experience to cater to the diverse needs of its users.

* This article is for reference only and does not constitute any investment advice.

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Filed under: Bitcoin - @ September 1, 2023 6:17 am