A relatively new cryptocurrency is about to become available to trade in British Pounds for the first time. Nano, which will be listed on London Block Exchange (LBX) in August, is an interesting coin, solving two major issues associated with traditional cryptocurrency – lengthy transaction times and associated transfer fees.
In a nutshell, Nano uses something called a block lattice, which removes the need for mining, resulting in a currency that can be sent instantly and with zero fees whatsoever.
Since its creation in 2015 it has proven popular – making it into the top 50 cryptos in terms of market cap.
And in celebration of Nano coming to the UK market, LBX and Nano have partnered to give away £5,000 worth of the coin to one lucky winner. They’re calling it the Nano ‘Real Crypto Hunt’– as the exchange is releasing clues over the coming weeks to help people locate the prize.
Remarking on Nano hitting the UK, London Block Exchange CEO and Founder Benjamin Dives said: “When it comes to crypto with immense real-world potential, Nano is right up there with the biggest Blockchain projects, with good prospects for adoption, simplicity and ease of use.”
Nano Creator Colin LeMahieu added: “Our team is thrilled that Nano will be listed on LBX, a premier cryptocurrency exchange here in the UK. As Nano is a global currency, it is important that users have a simple and direct path to Nano with their local currency. LBX provides just that.”
You can learn more about Nano at Nano.org or get involved in the £5,000 crypto hunt at LBX.com/RealCryptoHunt.