CoinEx to Auction ‘Epic’ Satoshi

The cryptocurrency exchange CoinEx has put up for sale the first satoshi following the halving. This was announced in a press release by the trading platform.

(?) The auction for Sat 1,968,750,000,000,000 — 1 of only 4 epic sats in the #Bitcoin eco—is now LIVE! ?@ViaBTC‘ll exclusively partner w/us to to auction off this epic sat. All CoinEx users are invited to take part in this historic event.

Auction?: https://t.co/7qZ41oTNLI pic.twitter.com/5ASvABIOHb

— CoinEx Global (@coinexcom) April 22, 2024

Platform users can place bids in bitcoin on the auction page. At the time of publication, the “epic” satoshi based on Ordinals is being offered for 2.5 BTC.

“To participate, sufficient funds must be available in the CoinEx spot account. The system will automatically deduct bitcoins and return them if someone offers a higher price. This allows participants to place repeat bids,” the press release states.

The auction will conclude on April 26. The exchange will notify participants of the results via a message on the site and by email.

The fourth halving in the Bitcoin network occurred on April 20 at block height #840,000. The block was mined by the ViaBTC pool, which, along with CoinEx, is part of the ViaBTC Group ecosystem.

The “epic” satoshi (Epic Sat) is the first satoshi mined after the Bitcoin halving. The Ordinals protocol provides for 32 epic satoshis. At the time of publication, four of them are available.

CoinEx is a cryptocurrency exchange offering spot and futures markets for 893 cryptocurrencies and tokens. The platform has been operational since 2017 and serves over five million users from 200 different countries and regions.

Earlier, users paid 37.6256 BTC (approximately $2.4 million) in fees for including 3,050 transactions in block #840,000.