NEW YORK, Nov. 17, 2018 /PRNewswire-PRWeb/ -- BitForex, one
of the largest cryptocurrency exchanges in the world, announced
that it will be listing MILE, one of two cryptocurrencies of the
MILE blockchain, starting November 16
at 8:00 UTC.
At the launch, one MILE will be valued at $1.70, with a total market capitalization of
$1.7 billion equivalent. Once listed,
BitForex will support both the deposit and withdrawal of MILE, as
well as launch two new trading pairs: MILE/BTC and MILE/ETH. The
MILE blockchain ushers in the first stablecoin in the world with
the potential for 10,000 masternodes across the worldwide platform,
enabling anyone to become an "emission center" for minting
stablecoins as the blockchain grows.
"We are happy to welcome MILE as one of the new stablecoins on
BitForex," said Garrett Jin, Vice
President of BitForex. "We do see huge potential in stablecoins
because of their special role in the development of the blockchain
industry. For sure, it needs new cryptocurrencies that will be way
more technological, decentralized and transparent, which the MILE
coin could be."
Representatives of the non-profit Mile Unity Foundation, which
evangelizes the adoption of the MILE blockchain but does not own or
operate it, celebrated the announcement as a significant
milestone.
"The BitForex listing is a huge milestone for the MILE
blockchain and only the beginning," said George Goognin, an
ambassador with the Mile Unity Foundation. "Our vision is to grow
the MILE blockchain until it has united the global economy and
provided access to the 4 billion people who are currently unable to
engage in cross-border trading and investment. We see this
ecosystem as a tool by which the developing world will flourish and
global economic growth will boom."
"We've put our faith in the MILE blockchain as the technology
that will finally include everyone around the world in the global
economy," said Dima Vol, an
ambassador with the Mile Unity Foundation. "BitForex's choice to
list MILE legitimizes all the hard work we've done to spread the
word about the MILE blockchain, and it brings us one step closer to
connecting 4 billion people to much-needed economic
opportunity."
BitForex also referenced plans to list the MILE blockchain's
twin cryptocurrency, the stablecoin XDR, in the near future. More
details on the listing of XDR will be released shortly.
About the MILE blockchain
The MILE blockchain combines the functions of two
cryptocurrencies, MILE and XDR, to create a stable international
foundation for cross-border payments, trade settlements,
investments and remittance. XDR is tied to the value of the
historically stable IMF special drawing rights, while MILE serves
as an index of XDRs demand. The MILE blockchain empowers users to
act as "emission centers," which can mint and use new XDR as the
ecosystem grows. It also serves as a fully decentralized and
unowned system by which developing economies and those suffering
under sanctions and embargoes can meaningfully participate in the
integrated global economy of the 21st century.
The MILE ecosystem was designed by Lotus Mile, the name used by
the unknown person or people who developed MILE blockchain. The
negotiations about the MILE blockchain real world applications have
been started with many governmental and commercial organizations in
Japan, China, South
Korea, Turkey, Brazil, Russia, Kazakhstan, Namibia, Uganda and others. Currently, partnership
agreements for using the MILE ecosystem exist with several
organizations, including BRICS, G-Global and the Silk Road
Association.
About the Mile Unity Foundation
The Mile Unity Foundation is a non-profit organization that
evangelizes that adoption of the MILE blockchain. Its focus is
growing the ecosystem to support a more inclusive global economy
that connects the currently marginalized 4 billion people of the
world who cannot access simple banking and financial services. The
Mile Unity Foundation is made up of global ambassadors located on
every continent who are currently engaged in diplomatic missions to
bring awareness and implementation support to governments and
business leaders worldwide.
About BitForex
BitForex is one of the leading cryptocurrency exchanges.
Established in 2017, it has rapidly grown into a massive platform
for the secure and convenient trade of digital assets, including
cryptocurrencies. BitForex is especially popular in China where, according to Coinmarketcap, it
facilitates hundreds of millions of U.S. dollars in trade volume
every day.
SOURCE Mile Unity Foundation