The cryptocurrency market is buzzing with excitement as a brand new stake-to-earn cryptocurrency, Bitcoin BSC ($BTCBSC), prepares to launch. With the presale already hitting the $1.3 million milestone, investors are eagerly anticipating the potential of this token. In this article, we will explore the unique features of Bitcoin BSC and why it has gained significant attention within the crypto community.
One of the flagship features of Bitcoin BSC is its staking model. This model is set to alleviate sell pressure on launch and provide long-term utility for token holders. The staking contract releases $BTCBSC tokens to stakers over a span of 120 years, following the block rewards schedule of the original Bitcoin. Stakers earn a percentage of the rewards through the energy-efficient Proof-of-Stake (PoS) mining consensus mechanism.
At present, the staking pool is already live, offering rewards of 0.25 BTCBSC per block. Stakers are estimated to earn an annualized percentage yield (APY) of over 400%. As more $BTCBSC is staked, the share of block rewards increases. While the APY is expected to decrease as more stakers enter the pool, Bitcoin BSC is projected to offer significantly higher rewards compared to other PoS staking pools.
Bitcoin BSC’s staking model aims to foster a community-driven approach where the collective actions of stakers contribute to the prosperity of all participants. By earning passive rewards and benefiting from token value appreciation, stakers are incentivized to engage in long-term participation. This community-centric design distinguishes Bitcoin BSC from other cryptocurrencies and enhances its appeal to investors.
Bitcoin BSC’s tokenomics mirrors the 21 million $BTC supply, paying homage to the history of Bitcoin. During its early days in April 2011, Bitcoin was worth $1, with 6.125 million $BTC in circulation. In the Bitcoin BSC presale, 6.125 million tokens (29% of the total supply) will be available, priced at $0.99.
The presale is divided into two phases, with the soft cap selling $4 million tokens. An additional 2.125 million $BTCBSC will be released once the soft cap is reached. Any unsold tokens, along with the remaining 14.455 million tokens (69% of the total supply), will be sent to the staking contract after the presale. The final 420,000 tokens (2% of the total supply) are pre-mined and reserved for decentralized exchange liquidity.
These carefully crafted tokenomics not only pay homage to Bitcoin’s past but also leverage the advantages of being built on the Binance Smart Chain (BSC). BSC, which shares the same codebase as Ethereum, offers lower transaction fees, faster confirmations, and seamless integration with all decentralized applications (dApps) on the Ethereum blockchain.
Rising Popularity and Influencer Attention
Bitcoin BSC has gained rapid popularity on social media, with its presale generating significant momentum. The project’s Twitter account has already surpassed 1,000 followers, and its Telegram channel is buzzing with activity. Influencers within the crypto community, such as YouTuber Jacob Crypto Bury, have started discussing the potential of Bitcoin BSC, predicting a 10x return for early adopters.
The Potential Supply Shock
Analysts have highlighted the potential of Bitcoin BSC’s staking mechanism to cause a supply shock on the open market. Since a substantial portion of $BTCBSC is expected to be locked in the staking contract, new investors entering the market will face limited availability and potentially higher prices. As a result, the token’s launch on decentralized exchanges (DEXs) like Uniswap could experience a surge in prices due to high demand.
Bitcoin BSC’s unique staking model, combined with its strong presale momentum, sets the stage for an exciting new utility token. With the ability to potentially disrupt the market through its staking system and limited token availability, Bitcoin BSC has become a token to watch in the coming weeks. However, it is important for investors to conduct thorough research and consult professionals before making any investment decisions. The cryptocurrency market carries inherent risks, and it is crucial to approach it with caution and diligence.