How to Buy and Trade the Blockstream Mining Note

Foreign [Music] Welcome back bitcoiners I'm Drew your Host of deciphered a show from Blockstream that shares best practices In Bitcoin by exploring some of the cool Features in our wallets Technologies and Other products for all skill levels in Today's episode we're going to be Talking about the block stream mining Note otherwise known as the BMN we'll Discuss what it is how it works and then We'll walk you through ways to purchase It on a couple different exchanges Before we begin a statement on behalf of Block stream This is not professional Financial Advice this video is strictly for Educational and entertainment purposes Only So with that let's start with a general Overview of what the BMN is the block Stream mining note is an EU compliant Digital security that provides qualified Investors access to bitcoin hash rate at Blockstream's Enterprise grade mining Facilities One BMN token entitles the BMN holder to Bitcoin mined up to 2 000 terahashes of Hash rate over a 36 month term what Makes the BMN unique and such an Attractive investment is that it is a Registered security complete with Investor rights and a designated icing

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Issued through a Luxembourg Securitization fund the Bitcoin mined by The BMN is held in Cold Storage in a Pond of completion of the three-year Long-term investors will receive Directly into their desired Bitcoin Addresses minus costs because the BMN is Issued on the liquid Network it unlocks Some neat features that would otherwise Not be possible on Legacy channels for Example the BMN can be traded 24 7 365 Days a year peer-to-peer into Nominations as low as 0.01 BMN and even On exchanges like merge exchange that Denomination can go lower another unique Aspect of the BMN is that it could be Self-cosity for optimized Security in Any amp compatible wallet such as the Block stream green or side swap or it Could be held in offline storage on the Block stream Jade Hardware wallet when Sending or receiving the BMN Peer-to-peer liquid enables the Transaction to be confidential meaning No one besides the sender receiver and Stalker who is the registered agent of The BMN will know the transaction Details if you want to learn more about The liquid Network and financial privacy Be sure to check out our previous Deciphered right up here Before we go any further you might be Wondering uh why did blockstream choose To tokenize bitcoin hash rate with the

BMN and how does this factor into your Other mining services and that's a great Question Blockchain began mining operations in 2017 motivated by the concern that Mining decentralization was declining in Wanting to remove the high barrier of Entry for aspiring miners the BMN Facilitates this by expanding mining Services to investors three simple Digital security purchase Creating a win-win for investors and the Broader Bitcoin ecosystem by increasing Participation in bitcoin's proof of work By making it easier to participate in Mining and lowering the risks for Investors the BMN also strengthens Bitcoin Security in censorship Resistance The BMN was initially sold in eight Separate tranches helperbot make Yourself useful and please pull up the Dates Thank you these tranches allowed for a Staggered approach to deploying mining Operations Although these tranches were released at Separate times their term limit is the Same day charge one entrance8 will have The same exact amount of Bitcoin Allocated for each BMN token this was Done by purchasing the exact amount of Bitcoin on the open market tranche one Head mind up to the point of the newly

Released tranche this was done to allow For ease of trading and fungibility on The open market At the end of the day there's nothing Different between the tranches as of Recording this video there are no more Primary offerings of the BMN the only BMN available for purchase are in the Secondary markets using sideswap Bitfinex Securities and the merge Exchange or purchasing dmn peer-to-peer A good resource to find sellers is the Official Finance telegram which I'll Link down below in conjunction with the Release of the BMN blockstream also Published a dashboard to help track Metrics that BMN investors would find Valuable this includes the amount of Bitcoin mined per BMN epoc progress Mining difficulty changes and much much More investors can also download daily Rewards data and access a Nifty Comparison calculator that breaks down The differences in costs between an Investment in the BMN and an investment In Bitcoin mining hosting if you'd like To explore more yourself the link for The dashboard is in the description box Down below in order to buy and hold the BMN you will need to first set up a Liquid wallet with an amp ID Let's walk through these steps one by One After downloading a liquid compatible

Wallet like blackstream green or Sideswab you'll need to add an amp Account to your wallet and record your Amp ID because the BMN is a registered Security with investor protections You'll need to whitelist your amp ID With the primary issuance platform Stalker to receive pmn in your wallet Stalker is the Investment Bank of the BMN they structure the BMN they manage The BMN and they ensure compliance for The BMN You can register by visiting stalker.io And following the steps there to set up Your account Once approved by stalker you can copy The amp ID from your liquid wallet and Enter it into your stalker account Settings Now that you've registered your amp ID With stalker you can use one of the Exchanges the BMN trades on to purchase Some BMN At the time of this video the BMN can be Traded on three venues side swap Bitfinex Securities and merge via Digital Each platform has its trade-offs with Varying levels of liquidity if you'd Like to learn which is best for you Check the link in the description box Down below because I'm located in the Good old USA I'm unfortunately unable to purchase the

BMN as it's only available to non-us Qualified investors at this time This is where I'll call it my good Friend Jesse he's an Australian he'll Help us walk through how to purchase Some BMN via the secondary Market on Merge via digital so let me call Thanks for having me on Drew and Greetings from Down Under Today I'm going to be working with Digital markets to acquire the block Stream mining note On the front page here you can see all Of the various digital Securities that They have on offer I'm going to navigate to the assets tab Here and you can see that I've already Funded my account with about 60 of usdc Back to the dashboard I'm going to Select bmn1 and I'm simply going to make An order here It really is that simple guys just place And confirm And checking back in in a few minutes I'm going to be able to see that the Order has been filled I've acquired 30 pieces of bmn1 and I'm Going to continue to DCA into this asset Until I've accrued one whole block Stream mining note and at that point I Can withdraw to self-custody from the Platform Thanks for having me Andrew see ya Thanks Jesse for showing us how to buy

Some fractional shares of the BMN on Merge see you later dude Well that wraps up today's episode of Deciphered before we go let's do a brief Summary of what we just learned we first Gave a brief overview of the BMN and how It's a liquid-based digital security That entitles BMN token holders to Bitcoin mined up to 2 000 terahashes of Hash rate over a 36 month term at Blockstream's mining facilities All BMN tokens are promised the same Amount of Bitcoin at the end of the term On July 7th 2024. because the BMN is a Liquid-based token it could be traded Peer-to-peer amongst other whitelisted Liquid wallets 24 hours a day 365 days a Year We then learned more about the logistics Of how the BMN Works behind the scenes And how once you register with the BMN Registration agent stalker to whitelist Your iamp ID you can further increase or Decrease your exposure by trading on Secondary markets like side swap Bitfinex Securities and merge via Digital at the end of the three-year Term the Bitcoin mine per BMN is sent to The Bitcoin address you provided stalker During registration We then explored the BMN dashboard where BMN holders can follow various metrics Like Bitcoin mine per BMN and the mining Difficulty adjustment as well as we

Showed how much time is left in the Three-year term limit along with the Calculator where you can run the cost Benefits of investing in the BMN versus Mining with a co-location service Finally our Aussie friend Jesse gave us A walk through on how to mine the BMN on The merge exchange a great resource for Those who wish to only purchase a small Amount of BMN If you have other questions related to The BMN feel free to reach out to us in The comment section down below or join The blockchain finance telegram chat That will also be in the description box Down below Please let us know if you have any video Ideas we're always looking for new Topics to cover and as always thank you For watching until next time continue Stacking those stats and helperbot and I Will see you next [Music] [Music] Thank you [Music]

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