New cryptocurrency Bitcoin BSC has quickly become the talk of the town, thanks to its explosive start while on presale – BTCBSC has now raised approximately $3 million in less than 2 weeks, selling out close to 50% of its hard cap.
Investors are now rushing to the presale to grab this faster, more powerful version of Bitcoin at a cheap price of just $0.99 before it explodes after launch.
New Cryptocurrency Bitcoin BSC Sees Rising Demand
The cryptocurrency market is known for its explosive price surges, with investors continuously searching for the next gem that could turn them into millionaires. Bitcoin was the first asset to offer such an opportunity as it skyrocketed from just $1 in 2011 to trade near the $27,000 price mark today.
However, investors still pinning their hopes on BTC may be disappointed, especially in the short term. The largest cryptocurrency still faces a bumpy road ahead, largely due to the SEC’s anti-crypto stance and the worsening macroeconomic outlook. Even in the long run, it is unlikely that Bitcoin would ever display another 27,000x price surge.
This is where new crypto token Bitcoin BSC shines – the token is designed to replicate BTC’s meteoric rise by turning the clocks back a decade. The BTCBSC token is priced at just $0.99 in its ICO, reflecting Bitcoin’s value in April of 2011 when it was trading below the $1 mark.
Bitcoin BSC also has a maximum token supply of 21 million, with 6.125 million tokens available in the ICO, mirroring the state of the Bitcoin blockchain in early 2011. This also means that the presale has a hard cap of $6.063 million, with close to 50% of the available tokens now sold out.
Experts such as Crypto Boy, Jacob Bury and Joe Parys have reviewed the new crypto project and are expecting a surge in its value. Similar BTC clones such as BTC20 and BTC 2.0 have seen remarkable success as well and have outperformed Bitcoin in recent months.
At the time of writing BTC20 is among the top ten hot pairs on DEXTools.
Bitcoin BSC’s Stake-To-Earn Utility Is The Perfect Solution To The Bear Market
Crypto investors have had a tough past couple of years as major cryptocurrencies are trading significantly below their all-time highs. Experts such as CryptoTony__ are still expecting Bitcoin to sweep the $20,000 price levels, leading to a crash in altcoins as well.
Due to such unpredictable circumstances, Bitcoin BSC’s on-chain staking mechanism is gaining significant traction amongst retail investors as it allows them to generate attractive passive income, irrespective of the broader market outlook. The demand for this feature is visible in the presale itself – in less than two weeks, over 1.5 million BTCBSC tokens have already been staked.
The Bitcoin BSC staking pool is currently offering a reward of 0.25 tokens per block, which translates to a 150% APY. In comparison, other chains like Ethereum, Cardano and Solana offer anywhere from 5% to 7% APY.
However, since the APY percentage is expected to decrease, interested investors need to start staking their BTCBSC tokens in the presale itself in order to reap the maximum benefits. It is important to purchase the tokens with BNB or BEP-20 USDT as investors using ETH or ERC-20 USDT will be eligible to stake after the completion of the presale.
Individual rewards will depend upon an investor’s share in the staking pool and will be distributed every 10 minutes. This will also encourage investors to not dump their holdings after the launch, making the network resilient and effective.
The project has reserved 69% of the entire token supply to be distributed as staking rewards. However, these tokens will be unlocked over 120 years in accordance with Bitcoin’s block creation schedule.
Bitcoin’s Legacy On Binance Smart Chain
Aside from attractive staking rewards, the Bitcoin BSC project also offers significant technological improvements over Bitcoin. After all, it has been over a decade since the largest cryptocurrency was launched and blockchain technology has made substantial progress since.
BTCBSC is powered by the cutting-edge BNB Smart Chain, which utilises the proof-of-stake consensus mechanism. As a result, BTCBSC transactions are faster and cheaper than Bitcoin, while consuming a fraction of BTC’s energy requirements.
The token’s BEP-20 design also means that it is compatible with popular cryptocurrency wallets like MetaMask and Trust Wallet, allowing beginner traders to trade and store it easily.
Bitcoin BSC has also taken strong steps to alleviate any fear of hacks or rug pulls from the minds of investors. The Coinsult security company recently audited its smart contract and found no vulnerability that could threaten the safety of investors’ funds.
Due to its unique value proposition, Joe Parys in the aforementioned video stated Bitcoin BSC could be one of the best BTC alternatives on the market and is predicting a strong bull rally after its launch.
Investors looking to get in on the action can purchase the token in the presale by swapping ETH, BNB or USDT in exchange for BTCBSC.