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The Bitcoin Minetrix presale recently surpassed $9.5 million, stoking comparisons with an early Bitcoin.
Like Bitcoin, Bitcoin Minetrix takes a prevalent socio-economic issue and implements bold measures to democratize and decentralize it. The project lets users cloud-mine Bitcoin from the Ethereum network, with no expensive hardware or technical expertise required.
The ongoing presale lets investors get in from the ground up before it launches on exchanges. Currently, market participants can buy $BTCMTX for $0.0131, but this price will incrementally increase throughout the presale.
Presale buyers can stake their tokens immediately, enabling them to compound their investment before its IEO.
$BTCMTX is an ERC-20 token, so users can purchase the presale with an Ethereum-compatible wallet like MetaMask. The presale accepts payments in ETH or USDT.
How $BTCMTX Solves the Bitcoin Mining Problem
Many people consider environmental concerns as the core Bitcoin mining problem. While Bitcoin Minetrix does tackle this issue, the matter has essentially been rebuked with the emergence of renewable energy for Bitcoin mining.
That said, a more prevalent concern with Bitcoin mining is the significant barrier to entry for everyday crypto users. A barrage of factors, including high electricity costs, expensive hardware, a requirement for deep technical prowess, and space and noise constraints, deter potential Bitcoin miners from securing the network and earning rewards.
Consequently, Bitcoin mining faces centralization concerns, with the industry dominated by large-scale corporations with seemingly unlimited resources.
Bitcoin Minetrix’s solution? A secure and democratized cloud mining protocol accessible to everyone.
Bitcoin Minetrix users can stake the $BTCMTX token on the Ethereum-based platform in exchange for Bitcoin mining credits. These are non-transferable ERC-20 tokens that they can burn on the Bitcoin Minetrix platform for cloud mining power. This then translates to free Bitcoin rewards.
The process is seamless and effortless. Users require no specialist hardware or technical expertise and can get started in minutes.
Furthermore, $BTCMTX guarantees the protocol’s security, eradicating the risk of cloud mining scams that are prevalent in competitor solutions.
The Bitcoin Minetrix whitepaper highlights existing solutions would lure investors with “decent returns,” prompting them to invest more. However, when investors deposit more funds, the protocol would quickly present unwarranted complications, leading to substantial losses for investors.
But with Bitcoin Minetrix, no cash changes hands; users simply deposit $BTCMTX into the platform’s decentralized and audited smart contract. Users have complete control, choosing how long they want to stake their tokens for.
Bitcoin Halving Stokes Immense Excitement for Bitcoin Minetrix
With Bitcoin Minetrix backed by actual Bitcoin rewards, the platform will likely benefit from the appreciation of Bitcoin’s price caused by the Bitcoin halving.
With this in mind, the looming halving presents a timely opportunity for $BTCMTX investors, particularly given the token remains in its infancy.
We often see Bitcoin-related projects outperform the market leader, with Bitcoin layer 2 protocol Stacks up over 400% this year while Ordinals project Ordi is up over 110% since May.
This is one of the main factors driving bullish sentiment among market analysts. One said analyst is Michael Wrubel, who recently published a video on Bitcoin Minetrix, updating his 310K subscribers about its progress and the value it presents.
Bitcoin Minetrix Tokenomics
The $BTCMTX token is used for staking within the protocol, adding a notable demand stream. Mining rewards will also be subsidized with $BTCMTX.
According to its website, Bitcoin Minetrix has a total supply of 4,000,000,000. 42.5% of the supply is allocated toward Bitcoin mining, another 35% to marketing, 12.5% to staking, and 10% to community rewards.
The team is currently running an airdrop worth $30K. The prize will be split between ten winners, and participants can enter by completing simple tasks like following the Bitcoin Minetrix X account.
Visit Bitcoin Minetrix Presale
Source: https://finbold.com/could-this-new-crypto-be-the-next-bitcoin-after-raising-9-5m-on-presale/