Traders are intensifying their buying pressure on the newly emerging Bitcoin ETF ($BTCETF) token, believing that it has the potential to surge 10x after launching.
The project has raised an impressive $1.8 million in just three weeks, demonstrating the building momentum behind the concept.
With an intuitive burning mechanism tied to real-world events related to the Bitcoin ETF approval, $BTCETF provides direct exposure to one of Bitcoin’s most notable historical milestone events.
Bitcoin ETF Token Raises $1.8 Million In Just Three Weeks.
After raising $1.8 million in just three weeks, traders are clearly backing $BTCETF as an option for direct exposure to the Bitcoin ETF approval.
The DeFi project provides a new route to having exposure to the Bitcoin ETF approval, allowing direct access to profit from the event.
Bitcoin ETF token has interesting DeFi mechanics, such as an intuitive burning mechanism and staking utility, that will help create a sudden price spike following its presale.
Furthermore, as the burning mechanism is based on predetermined milestones related to the Bitcoin ETF approval, the token will grow in value the closer the SEC gets to approving the United States’ first Bitcoin spot ETF.
In a nutshell, Bitcoin ETF is an intuitive project created to celebrate and capitalize on the arrival of the Bitcoin ETF – letting you profit through a financial alternative to Bitcoin itself.
Traders Rush To Exposure to Imminent Bitcoin ETF Approval
The project allows users to ready their wallets ahead of the Bitcoin ETF approval by the SEC, which has an expected 90% chance of being approved by January 10th – according to Bloomberg analysts.
The token supply is linked to major milestones related to the Bitcoin ETF approval by the SEC, and more tokens are burnt as the Bitcoin ETF gets closer to launching.
Following the token’s launch, $BTCETF burns will be tied to the success of the token, helping it achieve 10x potential.
The team has five predetermined milestones, triggering the smart contract to burn 5% on each achievement. As a result, the smart contract will have reduced the supply by 25% after each milestone.
Best of all, each milestone is related to the Bitcoin ETF itself, creating direct exposure to the event.
The five milestones include the following;
- 24-hour trading volume in $BTCETF hitting $100 million
- The US SEC approving the first Bitcoin ETF in the US
- The first Bitcoin ETF launching in the US
- Assets under management in Bitcoin ETFs hitting $1 billion
- Bitcoin price closing a daily candlestick above $100,000
In addition to this burning mechanism, $BTCETF also includes a transaction burning mechanism to incentivize long-term holding of the token.
The smart contract will burn 5% of every sale transaction until all five milestones are reached, with the tax being reduced by 1% as each milestone is achieved.
Once all the milestones are achieved, the transaction tax disappears.
Why Do Traders Believe BTCETF Can 10X Post Launch?
Traders believe the project can surge by over 10x following its launch due to the novel burning mechanism incorporated into its smart contract.
They expect the community to celebrate every time one of the predetermined milestones is achieved, creating hype and exposure for newcomers to the project.
In addition, $BTCETF also has an intuitive staking ecosystem that rewards stakers on the network.
Those currently staking their $BTCETF tokens are earning an impressive 140% APY on their holding – providing an additional incentive to remain in the project while the milestones remain active.
The act of staking locks tokens away from the open market, meaning newcomers to the project will be forced to pay higher prices following the presale.
As a result, many experts are predicting 10x returns for this project, including notable influencers like Jacob Bury and Austin Hilton.
Just One Day To Go At Current Price Levels
Prospective investors looking to become early adopters of the $BTCETF token are encouraged to act quickly, as the price is set to increase in just 24 hours.
The presale sells 40% of the token supply in the presale for $0.0058, but this price will increase in just one day.
Of the remaining supply, 25% is set aside for community rewards, 25% for the burning mechanism, and 10% for exchange liquidity.
As a result, the entire supply will be in the hands of the community – creating optimal conditions for long-term growth.
