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iMining - Khurram Shroff, Chairman and CEO.
Khurram Shroff, Chairman and CEO.
Source: iMining Blockchain and Cryptocurrency Inc.
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  • iMining Technologies (IMIN) subsidiary, CanETH Staking Services has launched staking solutions for the native token of the Avalanche blockchain, AVAX
  • Similar to Ethereum, Avalanche has smart contract capability. However, Avalanche can process transactions faster with lower fees
  • Avalanche blockchain received further support when Ava Labs, a team developing on its blockchain, highlighted that it has formed a partnership with Deloitte consulting to improve security and accuracy of Federal Emergency Management Agency funding
  • Avalanche is the 11th largest blockchain with a market cap of US$26.5 billion
  • iMining develops technology for proof of stake infrastructure on Ethereum, Cardano and Solana Blockchains and invests in revenue-generating crypto and blockchain assets linked to decentralized finance (DeFi) and non-fungible tokens (NFT)
  • iMining Technologies Inc.’s (IMIN) is up 3.7 per cent trading at $0.14 per share as of 4:31 p.m. EST

iMining Technologies (IMIN) subsidiary, CanETH Staking Services has launched staking solutions for the native token of the Avalanche blockchain, AVAX.

Similar to Ethereum, Avalanche has smart contract capability. However, Avalanche can process transactions faster with lower fees.

Avalanche blockchain received further support when Ava Labs, a team developing on its blockchain, highlighted that it has formed a partnership with Deloitte consulting to improve security and accuracy of Federal Emergency Management Agency funding.

Deloitte will implement Avalanche blockchain to build efficient disaster-relief platforms.

Avalanche is a fast smart contract platform in the blockchain industry measured by time-to-finality.

Ethereum developers can quickly and effectively build on Avalanche to create powerful, reliable, and secure applications.

iMining’s initiative with Avalanche includes the development of Avalanche staking platform capabilities for institutional customers.

Avalanche is the 11th largest blockchain with a market cap of US$26.5 billion.

Khurram Shroff, CEO of iMining, commented “[iMining] are creating more wealth-building tools for our customers, including the ability to stake Avax, Avalanche’s native token, to earn rewards.”

iMining develops technology for proof of stake infrastructure on Ethereum, Cardano and Solana Blockchains and invests in revenue-generating crypto and blockchain assets linked to decentralized finance (DeFi) and non-fungible tokens (NFT).

“We’re also looking to increase DeFi and NFT functionalities on our platform through Avalanche’s high-performing technology, which instantly processes thousands of transactions within a second,” said Shroff

iMining also owns BitBit Financial, an ATM Network and crypto exchange.

The expansion entails a cross-ecosystem development effort of the iMining and Avalanche-based DeFi and NFT applications.

iMining Technologies Inc.’s (IMIN) is unchanged trading at $0.14 per share as of 4:31 p.m. EST.

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