Green Bitcoin ($GBTC) continues building hype after its fundraising crossed the $700,000 milestone this week as investors rush to get positioned in its predict-to-earn concept.
Green Bitcoin allows participants to stake their $GBTC in its Gamified Green Staking mechanism to earn rewards scaled to investment as a passive income.
Investors believe Gamified Green Staking might cause a huge supply shock on the open market following its presale, leading to surging prices.
Green Bitcoin ($GBTC) Raises $700K As Investors Rush For Predict-to-Earn.
Green Bitcoin is gaining attention as its presale raises an impressive $700,000 in its first few weeks of being live.
The project introduces a unique staking model known as Gamified Green Staking that provides a passive income for those who accurately predict the next day’s price of Bitcoin.
Green Bitcoin is combining the legacy of Bitcoin with the Ethereum blockchain, making it 10,000 times more eco-friendly than the number-one-ranked token it’s based on.
As a result, Green Bitcoin has created a unique price prediction game tied to the Bitcoin price action with no environmental impact.
Gamified Green Staking Feature Brings Engagement and Utility
Gamified Green Staking empowers users to make daily price predictions to earn rewards.
Users are required to stake their $GBTC tokens into the Gamified Green Staking contract to be eligible to place a forecast on the next day’s Bitcoin price.
Those who successfully predict Bitcoin within the “green zone” earn a proportionate share of the daily staking reward pool.
The idea behind Gamified Green Staking is to foster engagement and activity within the ecosystem, making Green Bitcoin a blockchain with high utility.
The rewards earned from the platform are dependent on the level of $GBTC staked and commitment to the ecosystem through staking time.
Those who stake more for extended periods earn the highest reward in the ecosystem.
The team has set aside 27% of the total $GBTC supply to provide the rewards for Gamified Green Staking for the next two years.
To participate, users must stake their tokens and place their forecasts before 11:30 PM EST.
The smart contract tallies the day’s stakes at midnight against the actual Bitcoin price trend.
All accurate predictions earn a cut of the day’s mining fees, distributed in ten-minute integrals to keep in line with the original block reward schedule. Winners can claim the aggregate of their mining fee rewards every 24 hours to keep costs low.
Potential Supply Shock Incoming?
Investors are rushing to get positioned as early as possible in $GBTC as many believe there will be a significant supply shock on the open market following the presale.
As Gamified Green Staking requires users to lock their tokens into the staking contract, these tokens will be temporarily removed from the open market and cannot be sold.
As a result, investors believe that the majority of the $GBTC supply will be locked away as participants seek rewards from the predict-to-earn ecosystem. Therefore, newcomers looking to earn from the platform might be forced to pay higher prices following the presale if they want to participate, creating a price pump for early adopters.
Buy $GBTC Now Before Prices Rise Further
The Green Bitcoin presale provides the perfect opportunity to get positioned in $GBTC at what could be the lowest possible prices.
40% of the total supply is set aside to be sold in the presale. Of the remaining supply, 27.5% is reserved to provide the rewards for Gamified Green Staking, 17.5% is set aside for marketing to ensure $GBTC can remain competitive, 20% is reserved for adding liquidity to DEX and CEX exchanges, and the final 5% is reserved for community rewards.
Those interested in becoming early adopters can purchase $GBTC for $0.4329.
It’s important to mention that the presale uses a rising pricing strategy, meaning the cost of the token rises during subsequent stages. Therefore, those getting invested earlier benefit the most as they leave the fundraising with higher unrealized returns.
With the listing price set at $0.6, this provides respectable returns as soon as the token launches.
Overall, $GBTC is setting the foundation to create an ecosystem with active participation and engagement, leading to utility rarely seen in the crypto market. Its Gamified Green Staking model has the potential to cause a supply shortage on the open market, which is why investors are scrambling to become early adopters.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.