HOT: King Mining grow rapidly and the reason behind you must know
In the first quarter of 2021, the rising capital platform in the field of Cryptocurrency with the “peer-to-peer” cryptocurrency lending method – King Vault has become phenomenal in the Vietnamese market as well the traders with several milestones and benefits. King Vault seems to have blown into the Cryptocurrency market a new wind with the most prominent feature is the King Mining, which the founding team of this platform are enthusiastic about. And recently King Vault’s King Mining feature has achieved a growth of up to …% in less than 1 month and all have reasons behind it. Let’s find out through the article below to help you get a new overview of the Cryptocurrency market and King Vault in the first quarter of 2021!
1.What is King Vault?
King Vault is famous for its peer-to-peer lending concept as it is commonly a form of crowdfunding that connects investors / lenders with borrowers through an online platform that acts as a trusted third party that can also make profit from it. This can be considered as a trendy bias among Crypto traders in the next few years.
Transactions are facilitated by crypto lending platforms (King Vault) that accept deposits in different cryptocurrencies like BTC, USDT, ETH, BTCN with attractive returns-interest. Bitcoin lending rates vary but are often very competitive which can be as high as 6.5% on Annual Percentage Return (APY) in King Vault. Users also often lend collateralized assets, usually with cryptocurrencies and thus are so-called crypto backed loans.
Currently, King Vault’s assurance is at the highest level because the platform is operated mainly on the nature of the Blockchain system. And the two main characteristics of blockchain technology are the trust-evoking nature and decentralization that is essential for the growth of peer-to-peer lending. At the same time, this application meets the flexibility, privacy and reliability that the vast majority of users expect from a crypto loan application.
King Vault is developing its scale and operations in many forms such as King Bank – Digital Bank and King Mining – the current top interest in mining.
2. What is King Mining? And why was there such a rapid growth?
Mining coin, also known as virtual money mining, aims to describe the operation of digital currency mining by looking for solutions to compose blocks in the blockchain. This process is normally performed by mining software with access to the processing capabilities of a computer’s CPU to solve transaction-related algorithms.
Certainly for investors in the cryptocurrency sector, the phrase “Mining” is no longer unfamiliar with traders to describe the exploitation of cryptocurrencies from block chains based on solving the algorithmic code in that block to collect the rewards – which are the coins. Simultaneously, with Deloitte and CB Insights predicting this will be one of the most potential and prominent trends in 2021 with the sharp increase in the price of major coins in the market, that motivates Mining to become one form that attracts the most attention nowadays.
Foreseeing that King Vault has launched the King Mining function to mine BitcoinNami, also known as BTCN originating from Singapore nation, with a volume of up to 50,000,000 tokens. This is indeed a fertile source of potential for “wise” miners. The concentration on BTC mining is because this is considered as a high-value current and potential coin, apart from being based on a large amount of liquidity, the attractive block reward increases exponentially with each block opened. The fast new block creation time in just 10 seconds is also an attraction of BTCN. Profitability from BTC is also quite potential and worth considering because the value of BTCN continuously increases, causing many investors to start wanting to own in 2021.
In addition, the King Vault platform focusing on mining on this coin has also helped raise the value of BTC and attracted a lot of interest from traders in many different countries. Accompanying the new, the BTCN coin will be “listed” on the one of the top exchanges in the cryptocurrency sector currently based in Singapore has made the credibility and assurance level of BTCN grow rapidly within just 1 month has proven the prestige and efforts of the King Mining development team.
With the growth of King Mining and the popularity of BTCN, this is really an opportunity that investors should not ignore. Hopefully the article has provided you with useful information about King Mining as well as a new perspective on the potential trend of the cryptocurrency sector in 2021. Wishing you success!