El Salvador mined 474 BTC with volcanic energy, and KangaMoon in pre-sale is close to raising USD $7 million – DiarioBitcoin
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New project / Presale: New projects and private token pre-sales may represent extra risk for investors. We recommend more caution and deeper analysis
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The KangaMoon team analyzes the recent announcement by the government of El Salvador, and offers interesting details about the pre-sale of its KANG token.
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El Salvador, one of the countries that has shown its support for Bitcoin, recently mined 474 BTC solely through the use of a geothermal power plant powered by a volcano. The question now is whether the country’s holdings can grow in the coming months, thus making it a leader in the major cryptocurrency space.
In other news, KangaMoon pre-sale is becoming more popular among investors. The project has already raised $6.7 million and is now on its way to the $7 million goal. Let’s see if there is a possibility of KANG listing on exchanges before this important milestone.
El Salvador Mines 474 Bitcoin (BTC)
Since 2021, El Salvador has harnessed the power of a volcano-powered geothermal plant to mine around 474 Bitcoin (BTC). Mining, which began in September 2021, was carried out using a small portion of geothermal energy from the Tecapa volcano. This eco-friendly approach is celebrated as a sustainable method of accumulating BTC.
Additionally, this project has boosted the government’s Bitcoin holdings. Bitcoin Office, a government agency, revealed that the national treasury now holds 5,750 bitcoins, a figure that could challenge other major Bitcoin holders.
While El Salvator is now a large BTC holder, Microstrategy eclipses it as the largest institutional investor, with approximately 214,400 BTC as of May 1. Over the past few weeks, Bitcoin has been trading in the range of $56,000 and $67,000. Analysts are optimistic that the leading cryptocurrency will soon return to the $70,000 mark.
KangaMoon (KANG) gains recognition during pre-sale
KangaMoon (KANG) is making waves in the Play-to-Earn (P2E) sector, attracting a large user base of over 23,000 people. Its ability to attract investors is evident from its impressive pre-sale performance, which has raised more than $6.7 million. With momentum on their side, the project will soon reach the $7 million mark.
The native token of the KangaMoon ecosystem, KANG, is currently It is priced at $0.025 and is in the bonus stage.
The KANG token offers its holders several advantages and has various applications within the KangaMoon ecosystem, making it a good asset to consider.. It is the platform’s main in-game currency and can be spent on in-game items and NFTs.
It can also be used to bet on games and competitions. On top of that, the KANG token has many uses that fuel the Social-Fi elements of KangaMoon. The project rewards players for their time and also for promoting the project on social media platforms.
This approach fosters a vibrant community that actively supports and promotes the project. To enjoy the KangaMoon platform, you need the KANG token.
Conclusion
El Salvador continues to show massive support for Bitcoin and could join Microstrategy as one of the largest Bitcoin holders.
Furthermore, investors are showing great interest in KangaMoon, making it a token to pay attention to, especially during this pre-sale phase.
Discover exciting KangaMoon (KANG) pre-sale opportunities today!
Disclaimer: This is a sponsored note produced by the KangaMoon team , hence DailyBitcoin DOES NOT endorse or promote the commercial offers, products or services cited throughout the text.
The marketing of cryptocurrencies in the pre-sale phase can be a risky activity, even more so if it is not done through a launchpad or known platform. We recommend that interested parties research more about the project and its value proposition before investing their capital, since any investment carries significant risks.
Text and image by KangaMoon
WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.
