Cryptocurrency enthusiasts are buzzing with excitement as a brand new stake-to-earn cryptocurrency called Bitcoin BSC ($BTCBSC) gains significant momentum. The token has just surpassed the $1.3 million milestone in its presale, causing a frenzy among investors. With its unique staking model and potential market supply shock, experts predict that Bitcoin BSC could soar once it launches on decentralized exchanges (DEXs). In this article, we will delve into the details of Bitcoin BSC and explore its potential as a game-changing utility token.
One of the standout features of Bitcoin BSC is its staking model, which provides long-term utility for token holders while alleviating sell pressure on launch. The staking contract for Bitcoin BSC releases tokens according to the original Bitcoin block rewards schedule, extending over a span of 120 years. By staking $BTCBSC, participants can earn a percentage of the rewards through the energy-efficient Proof-of-Stake (PoS) mining consensus mechanism.
Currently, the staking pool is live, offering 0.25 BTCBSC per block in rewards. At present, stakers are enjoying an estimated annualized percentage yield (APY) of over 400%. The share of block rewards depends on the amount of $BTCBSC staked in the contract. While the APY is likely to decrease as more stakers join the pool, Bitcoin BSC is still expected to offer significantly higher rewards compared to other PoS staking pools, which generally present an APY of 5% to 10%.
The staking feature is designed to foster a community-driven approach where the collective actions of stakers enhance the prosperity of all participants. By earning passive rewards and benefiting from value appreciation, stakers are incentivized to stay engaged for the long run.
The presale of Bitcoin BSC has attracted considerable attention due to its affordable price and resemblance to Bitcoin’s early days. Investors have the opportunity to purchase upgraded versions of Bitcoin for less than $1, reminiscent of the time when 6.125 million BTC were in circulation and valued at $1 in April 2011. During the presale, a total of 6.125 million (29%) $BTCBSC tokens will be available at a price of $0.99.
The presale is divided into two phases, with the initial phase aiming to sell $4 million worth of tokens. Once the soft cap is reached, an additional 2.125 million $BTCBSC tokens will be released. The remaining unsold tokens totaling 14.455 million (69%) will be sent to the staking contract after the presale. The final 420,000 $BTCBSC (2%) is pre-mined to ensure liquidity for decentralized exchanges.
For those concerned about security, Bitcoin BSC’s smart contracts have undergone thorough verification by Coinsult, a highly respected security firm. This validation ensures that the project is built on a secure foundation, assuring investors of the safety of their holdings.
Bitcoin BSC is built on the Binance Smart Chain, which offers numerous advantages over traditional blockchain platforms. By leveraging the codebase of Ethereum, Binance Smart Chain provides lower transaction fees, faster confirmations, and seamless integration with decentralized applications (dApps) from the Ethereum blockchain. These benefits contribute to the overall appeal and potential of Bitcoin BSC.
Bitcoin BSC has gained considerable popularity on social media, fueled by its ongoing presale momentum and unique staking system. The project’s Twitter account has already exceeded 1,000 followers, while its Telegram channel continues to attract a growing number of participants. Furthermore, notable influencers are starting to take notice of Bitcoin BSC, with prominent YouTuber Jacob Crypto Bury predicting a 10x return for early adopters.
Analysts are optimistic about Bitcoin BSC’s potential to cause a supply shock on the open market. The majority of $BTCBSC tokens are expected to be locked in the staking contract, as investors seize the opportunity to earn through staking. Consequently, new entrants to the Bitcoin BSC ecosystem will likely face limited token availability, leading to higher prices on DEXs like Uniswap. This potential scarcity could further drive up the value of $BTCBSC.
With its innovative staking model, promising tokenomics, and growing popularity, Bitcoin BSC is positioning itself as a utility token to watch in the coming weeks. As investors rush to the presale to secure upgraded versions of Bitcoin at an affordable price, the anticipation for Bitcoin BSC’s launch on DEXs continues to build. While it is essential for individuals to conduct their own research and exercise caution when investing in cryptocurrencies, the unique features and potential of Bitcoin BSC make it a project worthy of attention.
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