Despite the rapid fluctuations in the cryptocurrency market, the MUXE team continues to make plenty of progress for the improvement of our business. With that being said, we have agreed to a partnership with another major cryptocurrency firm BitcoinToken. This is a very significant step for MUXE as a business in a fairly similar industry. We are grateful to our new partners for this opportunity to grow together in the crypto community.
BitcoinToken (BTK) is a digital currency that uses Peer-to-Peer blockchain technology to operate with no central authority or bank. This system manages transactions that are executed collectively by its network. Similar to BitcoinToken, MUXE offers a product that is efficient, easy to work with and creates substantial savings in cost to the user. However, as an Ethereum based currency, the MUXE token can only be used on the MUXE Real Estate Listing and Utility Platform.
One of the best qualities of BitcoinToken is that it is an ERC20-compliant form of currency. This token is easily tradable on any decentralized exchange and its average transaction time is a mere 24 seconds. Unlike the original Bitcoin, BitcoinToken is a solution for smaller and faster transactions with lower fees. The use of the token is generally intended for real-life everyday solutions and transactions. BitcoinToken also strives to make blockchain technology less discouraging for users and they aim to create confidence in a new way of transferring funds through their Peer-to-Peer digital network.
MUXE and BitcoinToken share an array of similarities between what we envision. Peer-to-Peer solutions, the significant reduction of ambiguity in the traditional system of transactions and the goal to reach the global community. We find that this partnership is a very significant step in business that we have ever taken in the crypto-industry. Our partnerships will be displayed on our websites and social media for the community to understand our association.
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