In 2008, Satoshi Nakamoto published a thesis on the creation of Bitcoin "Bitcoin: A Peer-to-Peer Electronic Cash System", which introduce Bitcoin's PoW consensus mechanism and initiated a wave of mining in the blockchain industry. From computer mining with a processor under the POW mechanism to mining on GPU, FPGA and ASIC, positional mining POS mechanism, conceptual mining DeFi, GMT's Move to Earn, GameFi mining, etc., various groups of miners continue to bring new momentum and vitality to the crypto market and blockchain today.
The miners who make up the dynamics of this industry are driving the crypto consensus
On blockchains, those who mine on public chains are fundamental to the development of this industry, as they directly create the crypto consensus. Due to the need for mining, numerous mining rig manufacturers have emerged, such as Bitmain, Canaan, Ebon, Innosilicon, etc., whose mining farms covered countries such as the US, Canada and Iran and developed huge mining pools with tens of thousands PH /s of hashrates, such as Foundry USA, AntPool, F2Pool, etc.
Miners lay the foundation for the development of the industry
The emergence and growth of numerous coins such as BTC, ETH, FIL depends on miners. And at the same time, they jointly maintain the security of blockchains and the stable operation of the Internet. Basically, blockchain is a tool of mass collaboration and miner participation has enabled the global vision of barrier-free collaboration to be implemented first in the field of encryption. Despite on the competition between miners regardless of what coins or programmes they are involved in or where they live in the world, they have all shown that the crypto market is becoming an indispensable part of the human financial system.
Miners boost the diversification of crypto economic model
As various crypto assets proliferate and consensus mechanisms and smart contract techniques advance, in addition to the prevalence of POS mining, DeFi mining projects also began to appear on the network. With the emergence of new concepts such as WEB 3, Metaverse and DAO, the word miner is being defined in a broader sense. Yield farming, based on new and more scientific economic models, allows the crypto industry to take a step in a more reasonable direction. This is what the consensus mechanism behind Yield Farming can do.
Interest free loan on AEX Global, free from bear market
AEX Global was established in 2013 and has been firmly linked to miners from the beginning. On the one hand, AEX launches its savings business. Fixed savings and flexible savings can help meet the expectation of returns through deposits for miners. On the other hand, products such as DeFi Pool and Staking follow the savings business to help those who have no idea about mining to earn high income by filtering out good projects and doing the actual mining for users. Meanwhile, users can get rid of the complicated operation of on-chain liquidity mining through the innovative Aswap.
Lending service is one of the most important needs of miners; many of them start holding coins out of conviction. AEX offers three ways to borrow coins: AEX Loan, C2C Loan, Instalment, through which users can get the assets they need without having to use their own crypto assets. Term Loan offers wholesale borrowing with a loan term of 1 year. Demand Loan provides flexible access for users. C2C Loan acts as an intermediary in customer-to-customer lending. Users' diverse loan and investment needs can be easily satisfied, and idle assets can also generate income through C2C Loan.
As a thank you to miners, AEX will launch an interest-free loan promotion during the upcoming holidays - never liquidate! AEX's interest-free loan promotion aims to maximise miners' profits. If users collateralize their assets such as BTC, ETH for borrowing and the LTV is below 15%, they will enjoy an interest-free rate. This facilitates the miners' situation that the current price of the crypto market remains low while the miners need more and more assets to implement. In addition to the interest-free rate, AEX makes a "never liquidate" promise to avoid forced closure of positions due to short-term market fluctuations, allowing miners to borrow without hindrance.
As the first platform to offer an interest-free loan service and a promise to "never liquidate," AEX Global has closed loans 289,297 times, totaling $1.6 billion, perfectly meeting the various needs of miners. We wish all miners a happy May Day!
About AEX Global
Founded in 2013, AEX is a crypto exchange whose mission is to provide secure, complete, simple and diversified crypto financial services to billions of users. Its business includes fiat, crypto, financial management, lending, mining, and other areas. Financial products include fixed savings, flexible savings, defi-pool, staking, dual investment, etc. Both the number of supported cryptocurrencies and the returns are industry-leading, offering users a variety of ways to earn cryptocurrencies through many financial scenarios.