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Sat Symbol Initiative

Sat Symbol Initiative Attempts to Get Its Satoshi Design Widely Adopted by the Bitcoin Community

Crypto advocates have been discussing Sat Symbol Initiative, a goal to create a symbol that can represent the smallest amount of bitcoin, and to make it widely used. While the Sat Symbol has been supported by a variety of crypto luminaries, others have suggested alternative options.

Initiative Attempts to Tie Symbol to Bitcoin’s Smallest Unit

Most people know that Satoshi Nakamoto is the inventor of the Bitcoin protocol, the “purely peer-to-peer version of electronic cash” that was launched on January 3, 2009. Satoshi is Japanese and its name means “quick-witted”, “clear thinking”, and “wise .’

“.

Furthermore Ash Ketchum, the lead character in anime Pokemon, is called “Satoshi” (in Japanese). Although the name was originally used by Bitcoin’s creator, the term “satoshi”, which is lowercase, is the smallest unit in bitcoin.

Sat Symbol Initiative Attempts to Get Its Satoshi Design Widely Adopted by the Bitcoin Community — There have been lots of attempts to get a symbol tied to the term satoshi, the smallest unit of bitcoin.

The term satoshi is used to refer to the smallest bitcoin unit. It has been widely adopted by the crypto community. Around two years ago in mid-October 2019, Oxford University Press published its quarterly report explaining the word satoshi was officially added to the Oxford English Dictionary (OED) database.

Each bitcoin is equal to million satoshis. The protocol has a supply limit of approximately Each bitcoin is equal to 100 million satoshis and the protocol has a supply cap of roughly 21 million bitcoin. There is an initiative to create a symbol that represents the smallest bitcoin unit.

The web portal called satsymbol.com showcases the idea as three parallel horizontal lines and there’s a small vertical line above and below the stack of horizontal lines. This website displays the animated orange “B” bitcoin symbol as well as how it relates with the satoshi design concept.

“Support bitcoin’s design initiative to make it the official symbol of the Satoshi network – free, open, and as unrestricted Satoshi would want – please share your agreement,” the satsymbol.com website details.

Satoshi Symbol Discussion Re-Ignites

On Thursday evening around 7 p.m. (EST), the term “satoshi” was trending with a large quantity of trending tweets sharing the Sat Symbol initiative’s design. Microstrategy’s Michael Saylor shared the web domain on Twitter and said: “May satoshi be with you.”

The crypto pundit and self-proclaimed “bitcoin maximalist” Max Keiser decided to share an alternative idea that could represent the satoshi symbol. The symbol for satoshi is a tilde. It is a tilde, which looks a lot like the sign of infinity. ~ 1,000,000 = 1 million sats,” Keiser added.

We all have the true satoshi symbol embedded in our minds. This was a prophecy. pic.twitter.com/mGo3NAD4Cp

— MancHODL /21M (@MancHODL) October 7, 2021

Others shared the old-school S symbol (“Cool S,” also known as the “Stussy S,” or “Super S”) all the cool kids used to draw back in the day. Bitcoin proponent Dennis Porter said he agreed with Keiser’s idea. “I agree with Max Keiser regarding the satoshi symbol. Porter wrote that this symbol is present on all keyboards, making it backward-compatible.

However, another person disagreed with Keiser’s take on the symbol and one person replied to Porter and said: “Max isn’t often wrong. This one is wrong. “This symbol is better,” while sharing a screenshot from the Sat Symbol initiative photo.

A number of others tweeted about the Sat Symbol initiative on Thursday evening. The idea to call the smallest unit of bitcoin satoshi was conceived back in 2010 when an individual dubbed “Ribuck” proposed that one-hundredth of a bitcoin should be called satoshi to honor the protocol’s inventor.

Ribuck has been around, and most people use the term satoshi for the smallest bitcoin unit. However, the symbol may not be widely used.

The attempt to tether a symbol to the term has been tried on many occasions but every one so far has ultimately failed. In July 2019, Square Crypto initiated a trend on Twitter when it asked people to share designs that could represent the smallest increment of bitcoin. One person told Square that he designed a fairly popular idea that had gained some traction.

What do you think about the Sat Symbol initiative and the many attempts to get a symbol tied to bitcoin’s smallest unit? Please comment below to let us know your thoughts on this topic.

This story contains tags

2010, Ash Ketchum, Bitcoin, Blockchain, Cryptocurrency, Dennis Porter, mainstream, Max Keiser, michael saylor, microstrategy, Sat, Sat Symbol, Sat Symbol concept, Sat Symbol idea, Sat Symbol initiative, Satoshi, satoshi design, Satoshi Nakamoto, sats, satsymbol.com, smallest unit

Image Credits: Shutterstock, Pixabay, Wiki Commons, satsymbol.com, Ty (s@) Sign (@bitficus), Twitter,

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MEXC launches STORY (IP) launchpool & airdrop+, offering 68,500 IP & 50,000 USDT in bonuses

MEXC, the world’s leading cryptocurrency trading platform, has announced the launch of its Launchpool initiative in collaboration with the renowned blockchain project STORY (IP). This initiative highlights the close partnership between MEXC and STORY, showcasing their joint efforts to expand the STORY network. By introducing two major events—a Launchpool featuring a 60,000 IP reward pool…

MEXC, the world’s leading cryptocurrency trading platform, has announced the launch of its Launchpool initiative in collaboration with the renowned blockchain project STORY (IP).

This initiative highlights the close partnership between MEXC and STORY, showcasing their joint efforts to expand the STORY network. By introducing two major events—a Launchpool featuring a 60,000 IP reward pool and an Airdrop+ offering 8,500 IP plus 50,000 USDT—this collaboration further accelerates the growth of the STORY network while driving innovation in the blockchain space.

MEXC Supports the STORY Network with the Launch of IP Launchpool

In the digital age, traditional intellectual property (IP) management faces growing challenges. Centralized platforms and complicated intermediaries often lead to inefficiencies, high costs, and trust issues for creators. As a Layer 1 blockchain built with Cosmos SDK, STORY combines DeFi and AI technologies to offer automated, transparent, and cost-effective IP management solutions. With full EVM compatibility and a modular architecture, STORY empowers creators to tokenize their IP assets, automate royalties, and simplify licensing processes. MEXC’s support of the STORY network highlights the growing importance of such innovations in blockchain.

As a global leader in digital asset trading, MEXC consistently supports innovative blockchain projects. Its Launchpool initiative with STORY reaffirms this commitment. This collaboration not only strengthens the STORY ecosystem but also empowers global creators and developers to explore the potential of decentralized IP management. MEXC’s broad market coverage and strong liquidity offer the environment for blockchain projects like STORY to thrive and bring new possibilities to the digital economy. By allowing users to stake USDT, MX, and IP tokens to earn rewards, MEXC provides a platform for increased exposure and growth for STORY. Visit the STORY (IP) pre-market page to see this innovation in action.

Celebrate the IP Launchpool & Airdrop+ with a Prize Pool of 68,500 IP & 50,000 USDT

As a pioneer in the cryptocurrency industry, MEXC continues to foster innovation and support emerging blockchain ecosystems. MEXC is hosting two major STORY (IP) events: the Airdrop+ event, running from February 12, 2025, 10: 00 (UTC) to February 26, 2025, 10: 00 (UTC), featuring 8,500 IP plus 50,000 USDT in rewards, and the Launchpool, taking place from February 12, 2025, 10: 00 (UTC) to February 15, 2025, 10: 00 (UTC), with a 60,000 IP reward pool. These initiatives underscore MEXC’s ongoing commitment to advancing blockchain innovation and delivering valuable opportunities to the crypto community.

These activities include:

Event 1: IP Launchpool – Stake USDT, MX & IP to Share 60,000 IP
Event 2: Join Airdrop+ to Share 8,500 IP & 50,000 USDT bonus
- Perk 1: Deposit and Share 5,600 IP (New User Exclusive).
- Perk 2: Spot Challenge – Trade to Share 1,700 IP.
- Perk 3: Futures Challenge – Trade to Share 50,000 USDT in Futures Bonuses.
- Perk 4: Invite New Users and Share 1,200 IP.

MEXC continues to expand its market share in the centralized exchange space, leveraging its first-mover advantage in listing promising and valuable projects. As one of the leading cryptocurrency exchanges, with its commitment to innovation, user-centric approach, and strategic focus on early-stage token listings, MEXC remains at the forefront of the crypto industry, providing strong access to the rapidly growing blockchain ecosystem.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

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Jailed BTC-e operator Vinnik released in US-Russia prisoner swap

US to release jailed BTC-e operator Alexander Vinnik in a prisoner swap with Russia. Vinnik, arrested in 2017, is part of the exchange that saw Russia release jailed US schoolteacher Marc Fogel. Alexander Vinnik, jailed in the US after being convicted on charges of money laundering, is being released as part of a prisoner swap.…

US to release jailed BTC-e operator Alexander Vinnik in a prisoner swap with Russia.
Vinnik, arrested in 2017, is part of the exchange that saw Russia release jailed US schoolteacher Marc Fogel.

Alexander Vinnik, jailed in the US after being convicted on charges of money laundering, is being released as part of a prisoner swap.

The former operator of the Russian crypto exchange BTC-e will head to Russia after the Kremlin reportedly agreed to an exchange involving US national Marc Fogel.

According to the BBC, the White House confirmed the prisoner exchange,with Trump having spoken to Fogel.The schoolteacher left Russia on Tuesday, Feb. 11.

Who is Vinnik?

Alexander Vinnik, 44, is a crypto kingpin that operated the Bitcoin exchange BTC-e. Authorities arrested Vinnik in 2017 in Greece, with the Department of Justice filing charges of money laundering involving nearly $4 billion.

According to prosecutors, Vinnik allowed cyber criminals to use BTC-e to launder and store proceeds of crimes, including crypto hacks, ransomware attacks and identity theft.

The Russian national’s reign at the helm of the exchange saw him promote the platform to perpetrators of these crimes. US authorities blamed him for the loss of $121 million.

Notably, New Zealand police also seized $90 million from the BTC-e operator.

Vinnik’s guilty plea in May 2024 meant he faced up to 20 years in prison.

The prisoner swap that sees him leave custody comes after his lawyers failed in a previous attempt to have included in other US-Russia prisoner exchanges. One such push involved the deal that saw Evan Gershkovich, a Wall Street Journal reporter formerly imprisoned in Russia, released.