In recent weeks, Bitcoin holders have been turning their attention to a new initial coin offering (ICO) that aims to replicate BTC’s astronomical 27,000% gains since 2015.
The project in question, Bitcoin Minetrix (BTCMTX), has raised more than $8.4 million in its presale phase ahead of its official exchange launch this year.
With over 543 million BTCMTX tokens already pledged to the project’s staking protocol, could this innovative crypto-mining platform produce the same exponential price action seen with early Bitcoin?
Bitcoin Minetrix Leverages Stake-to-Mine Mining for Passive BTC Rewards
What sets Bitcoin Minetrix apart is its “Stake-to-Mine” feature, which allows holders to earn BTC rewards simply by staking their BTCMTX tokens.
This creates a cyclical effect – users stake their BTCMTX to mine BTC, then can opt to sell that BTC and re-invest in staking more BTCMTX.
As outlined in the Bitcoin Minetrix whitepaper, this system incentivizes holding BTCMTX tokens long-term while generating recurring BTC income.
Bitcoin Minetrix users also benefit from the platform’s high-yield staking protocol.
There is a lucrative 77% APY for staking BTCMTX during the presale period, although this yield will decrease gradually as more tokens are pledged.
With hundreds of millions of BTCMTX already staked ahead of the platform’s official launch, Bitcoin Minetrix is building an engaged community that’s invested in its success.
This community is also excited about the Stake-to-Mine model’s potential, given that it could dramatically lower the barriers to Bitcoin mining.
Bitcoin mining has become increasingly complex and cost-prohibitive for the average crypto user – and Bitcoin Minetrix’s team hopes to offer a sustainable and energy-efficient alternative that anyone can use.
Ongoing BTCMTX Presale Event Fuels Hype Around Bitcoin Minetrix’s Future
Riding the buzz around the project, Bitcoin Minetrix’s presale event has attracted intense interest from the wider crypto community.
So far, the presale has raised over $8.4 million from investors looking to secure BTCMTX tokens before the full launch later this year.
Investors can purchase tokens for $0.0128 during the current stage of the presale – although the token price will increase incrementally as the weeks go on.
Several prominent influencers have publicly backed the Bitcoin Minetrix project, driving further excitement around BTCMTX and the ongoing presale.
Most notably, YouTuber Michael Wrubel, who has over 310,000 subscribers, stated that he is “bullish” on the token’s prospects.
In the coming months, Bitcoin Minetrix’s team will be working to finalize its features before BTCMTX is listed on exchanges.
The listings will introduce liquidity and enable 24/7 trading of BTCMTX – which could set the stage for further platform development and the addition of new features.
Interestingly, Bitcoin Minetrix’s team has already outlined plans to launch a Stake-to-Mine mobile app and obtain partnerships with high-profile cloud mining firms.
If the team can successfully execute these plans, it could solidify Bitcoin Minetrix’s position as a valuable tool for democratizing BTC mining.
Why Are Bitcoin Holders Investing in BTCMTX Tokens?
With such a stellar future roadmap, it’s no surprise that many Bitcoin holders are opting to invest in BTCMTX during the ongoing pre-sale hype.
For long-time BTC investors, Bitcoin Minetrix offers obvious parallels and the chance to supplement their holdings with staking rewards.
The 77% APY for staking BTCMTX is also much higher than even the most generous DeFi protocols.
However, many Bitcoin holders are also considering the bigger picture and BTCMTX’s long-term growth potential.
The importance of simplified, energy-efficient Bitcoin mining is likely to continue growing in importance, so securing BTCMTX tokens at an early stage could be a wise move before adoption kicks in.
There is also the scarcity element, given that only 4 billion BTCMTX tokens will be minted, underpinning many investors’ bull case for Bitcoin Minetrix.
If the platform gains popularity and usage grows, increased demand from Bitcoin holders could create the ideal conditions for huge price appreciation.
Thus, for investors seeking Bitcoin-style gains, BTCMTX offers early access to a potentially disruptive platform.
Interested investors can buy BTCMTX tokens through the presale using ETH, USDT, or a credit/debit card.
Source: https://coinpedia.org/press-release/btc-holders-investing-new-ico-token-that-could-repeat-btcs-27000-gains/