MXM Token: The Shining Beacon of Hope in Bear Markets
As agreed upon by most investors, the MXM token has emerged from the bearish market by performing exceptionally well against major cryptocurrencies, surging up to several-hundred-percent despite the gloomy market outlook. This testifies to the true value of the MaxiMine Coin and dispels the myth that it is merely another bubble to be popped.
What Can We Learn From The Crypto Winter Last Year?The grim crypto winter in 2018 has had a huge adverse impact on the cryptocurrency market, yet, it is not without its silver lining. The crypto winter presents a crucial opportunity to sieve out projects with great potentials from the barren wasteland of the crypto market by eliminating mediocre projects and leaving short-term worthless scams to freeze out and perish. Projects are only valuable if they can withstand the frost test and survive through the bitter winter. These are the true fighters.
Come the end of the crypto winter, the entire cryptocurrency market will become much clearer and more rational and valuable. It will foresee the birth of many specializations within the blockchain industry, of which includes the growing presence of MaxiMine that has come to dominate the space of cryptocurrency mining.
How Did MaxiMine Fare in the Frigid Cold?With its comprehensive and streamlined value systems, MXM is able to thrive in the bear market, attaining the approval of multiple investors across the world. MXMs unique design allows it to replace hashing power with the holding of MXM tokens to gain mining rewards. This is an ideal solution as it makes cryptocurrency mining more accessible to the common investor looking to enter the mining industry. With lower barriers to entry, lower risks, lower electricity fares and higher profitability, it is to no wonder why MXM has been gaining rapid traction among the masses. Indeed, the future is looking to be very bright.
So, What is MXM And How is it Related to MaxiMine?MXM is a token issued by MaxiMine on Ethereums Solidity and is used as a medium of exchange and a carrier of the economy within the MaxiMine ecosystem. Unlike traditional cloud pools out there, MaxiMine does not sell the lease contract of its hashing power to its users. Instead, through a generalisation process, MaxiMine accords its users with computer power and equipment with a certain value of liquidity. MXM users can then obtain benefits based on the ratio of the computing power provided. While MXM exchanges with the hash power, it is important to note that the success of this exchange is influenced by other major factors. These factors include the real-time price of the mining machine, the hashing power of the mining machine, the average price of MXM in the past three days (and its fluctuations), the pledge time, the level of difficulty present in mining the entire network, the mining pool itself and its overall operating conditions etc.
What Has MaxiMine Accomplished Thus Far?Since its launch, Maximine has been listed on multiple world-class exchanges including CoinBene, BitForex, Coinbit and Livecoin. Among which, Coinbene is a digital asset trading platform with an excellent track record, whose register users amount to 3 million, spanning across 180 countries and regions all over the world. In the midst of the crypto winter last November, Maximines mindblowing performance has made a strong impression among all leading exchanges, setting multiple groundbreaking records. For instance, MaxiMien hit a trading volume of 1.5 million USD iwithin a single day, attained a single surge of 74.13 % and a consecutive increment of 292.86% within a week. Maximine is ranked the first on Coinbene in terms of its performance against ETH. What a spectacular record!
What Can We Expect in The Future?Not only did MXM survive the crypto winter last year, but it has thrived in the bitter cold and in turn, emerged stronger in the market as a mining platform. MXM has proven that it can push through the test of the bear market and will definitely surpass its growth in the coming bull market. As the 2011 hit song by Kelly Clarkson goes, What doesnt kill you, makes you stronger, MaxiMines growth has never stopped at the sight of a bear market, and it is unlikely that it will be suppressed at any time soon.
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