Dear CoinEx Users,
On April 20, 2024, Bitcoin marked a significant historical milestone with its fourth block reward halving. The 840,000th block, signifying the halving event, was successfully mined by the ViaBTC mining pool. This accomplishment led to the acquisition of one of the only four epic "Rare Satoshis" within the entirety of the Bitcoin ecosystem.
ViaBTC will exclusively partner with CoinEx to auction this epic rare sat.
Auction Service
All CoinEx users are welcome to participate in the auction.
Auction end time: 16:00, Apr 25, 2024 (UTC)
Auction payment: BTC ONLY
Starting price: 1 BTC
Auction here: https://coinex.com/halving-block-auction
How to Participate in Auction
1. Prepare funds: Make sure that you have sufficient funds in the CoinEx spot account. When depositing, please carefully verify the deposit address.
2. Participate in the auction: Visit the auction page (https://coinex.com/halving-block-auction) to participate. Upon receiving your bid, the system will deduct your BTC assets. If there are higher bids than yours, your assets will be immediately refunded, allowing you to bid again.
3. View auction results: After the auction concludes, we will notify all participants of the results via in-site messages and E-mails. Please pay close attention to your inbox.
Rare Satoshi Introduction
A satoshi is the smallest unit of Bitcoin, and each Bitcoin is divisible into 100 million satoshis. Thus, 1 Satoshi equates to 0.00000001 BTC, with each Satoshi being uniquely identified by a numerical sequence. As the total supply of Bitcoin is fixed, so is the quantity of satoshis. These units are transferable and traceable, each distinguished by its exclusive numerical identifier.
The Ordinal Theory Handbook categorizes rare satoshis based on significant cyclical events within the Bitcoin network - Satoshis that play pivotal roles in these events possess distinct names or have historical significance are endowed with unique rarity and premium characteristics.
According to the handbook, there are six levels of satoshi rarity: Common, Uncommon, Rare, Epic, Legendary, and Mythic.
- Common: Any sat that is not the first sat of its block (Total supply of 21 quadrillion)
- Uncommon: The first sat of each block (Total supply of 6,929,999)
- Rare: The first sat of each difficulty adjustment period (Total supply of 3,437)
- Epic: The first sat of each halving epoch (Total supply of 32, with 4 in circulation)
- Legendary: The first sat of each cycle (Total supply of 5)
- Mythic: The first sat of the genesis block (Total supply of 1)
Learn more about the Ordinal Theory Handbook >>
Please note that participation implies your agreement to CoinEx's terms and conditions and risk disclosure. CoinEx reserves the right of final explanation of this announcement.
CoinEx Team
Apr 22, 2024