The fourth “epic sat,” mined earlier by ViaBTC, the third-largest mining pool in the world, is currently undergoing auction on the cryptocurrency exchange CoinEx. As the first-ever public auction of “epic sat” on an exchange, the auction commenced on April 23 at 00:00 (UTC+8). CoinEx users can place their bids instantly upon accessing the auction […]

The post Landmark Exchange Auction: CoinEx “Epic Sat” Now in Progress appeared first on Coin Edition.

The fourth “epic sat,” mined earlier by ViaBTC, the third-largest mining pool in the world, is currently undergoing auction on the cryptocurrency exchange CoinEx. As the first-ever public auction of “epic sat” on an exchange, the auction commenced on April 23 at 00:00 (UTC+8). CoinEx users can place their bids instantly upon accessing the auction page, with a minimum bid of 1 BTC.

The auction will conclude on April 26 at 00:00 (UTC+8), and the highest bidder will have the opportunity to acquire this rare “epic sat” token. To participate in the auction, participants will need to have sufficient funds in the CoinEx spot account. Only BTC bids are accepted in the auction. Upon receiving the bid, the system will deduct the BTC assets. In case of a higher bid, the assets will be immediately refunded, allowing participants to place a second bid. CoinEx will notify all participants of the results via in-site messages and E-mails.

The first satoshi (the smallest unit of a bitcoin) of each halving, which happens after 210,000 blocks, or approximately every four years, is known as the ‘epic sat’. There are only roughly 32 epic sats in all, making each one unique an…

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