Outside Source
Bitcoin BSC ($BTCBSC) has now raised more than $3 million in just two weeks since it launched, as it shapes up to be one of the hottest presales of the year.
Bitcoin BSC ($BTCBSC) is a stake-to-earn Bitcoin clone that takes the best bits of Bitcoin – robust tokenomics and huge room for growth – and improves upon its weakest – low efficiency and little utility.
Bitcoin BSC has also seen millions of tokens added to its staking pool, with those staking currently generating an estimated annualized yield percentage (APY) of 169%.
Rapidly closing in on its $4 million soft cap, a further two million tokens will be added to the presale to take the hard cap to $6 million.
An Improved Bitcoin for $0.99?
Bitcoin BSC is a new project offering Bitcoin as it was in April 2011, the last time BTC cost less than $1, and the circulating supply was only 6 million.
Not only is it allowing buyers a second chance to purchase BTC before it exploded in price, but it has also improved upon Bitcoin’s biggest issue – its Proof-of-Work (PoW) consensus mechanism.
BTCBSC tokens will cost $0.99 throughout the presale, which may not last much longer if the current rate of sale continues.
PoS vs PoW
As a Proof-of-Stake (PoS) token built on the Binance Smart Chain, BTCBSC allows for more scalability and faster and cheaper transactions than Bitcoin – it also, of course, allows users to generate staking rewards.
Bitcoin being PoW has drawn a lot of criticism in the crypto space because it is an expensive and inefficient consensus mechanism and not environmentally friendly.
In fact, it requires a huge amount of energy at a huge cost to validate the Bitcoin network, and it is now largely in the hands of multi-million-dollar mining firms rather than individuals.
Being a PoS token also means Bitcoin BSC has more flexibility in the future should it decide to use the network for other means.
Staking Rewards
One of the main draws for Bitcoin BSC has been its stake-to-earn feature, something that the original Bitcoin doesn’t offer.
The staking pool has seen massive interest, and at the time of writing, more than 1.5 million tokens have been locked into the staking pool, roughly 50% of all tokens that have been purchased so far.
The project is offering rewards of 0.25 BTCBSC per block, with tokens generated every 10 minutes – right now, the APY is 169%.
That figure will come down, however, as more tokens are added to the pool, but BTCBSC rewards are expected to outperform other popular staking coins such as Ethereum, Solana, and Cardano, which typically offer 5-10% APY.
Investors should note there is a minimum seven-day locking period for staking tokens.
Strict Tokenomics
Like Bitcoin, one of Bitcoin BSC’s biggest draws will be its limited supply and long unlocking schedule.
In these aspects, BTCBSC mirrors BTC with a total supply of just 21 million and a 120-year unlocking schedule.
To mirror BTC in 2011, the developers will make the immediate circulating supply just 6.125 million – 4 million tokens have been released in the first presale stage, with 2.125 million initially held in reserve.
However, with the $4 million soft cap likely to be reached in the coming days, the remaining presale tokens will be released to take the hard cap to around $6 million. Any unsold tokens will be added to the staking allowance.
With 420,000 pre-mined tokens allocated for exchange liquidity after the presale ends, the remaining 14.445 million tokens will be added to the staking pool.
However, to ensure the project mirrors Bitcoin and has a long-term future, Bitcoin BSC has a 120-year unlocking schedule that will incentivize holding, as those staking tokens can earn rewards over a lifetime.
Another recent Bitcoin clone, BTC20, pumped by almost 600% when it launched on exchanges earlier this summer and remains profitable from its presale price despite a downturn in the wider market.
Bitcoin BSC will be hoping it can match and better those returns once it is listed after the presale closes.
Analysts Love BTCBSC
Bitcoin BSC has quickly become a top pick for a wide array of crypto analysts and YouTubers.
Joe Parys, who has almost 400,000 YouTube subscribers, picked BTCBSC as one of his five top Bitcoin alternatives to explode in the next bull run.
Popular Dutch YouTube analyst Corne Marchand, who has 70k subscribers, said that BTCBSC has 500% potential.
Finally, presale expert Jacob Crypto Bury told his 20k subscribers that the token has 10x potential after its presale ends.
Presale Info
As outlined above, Bitcoin BSC ($BTCBSC) is currently on presale with tokens priced at $0.99 each.
More than $3 million has been raised in just two weeks, with the project also offering generous staking rewards – currently set at around 169%.
Tokens can be purchased with BNB, ETH, or USDT, with a minimum of $10, and tokens bought in the presale can also be immediately staked. There is a seven-day minimum locking period.
While the founders of the group are anonymous, they have long experience of success in the crypto space and have not made any team allocation, also publishing the smart contract audit from Coinsult.
For more information and the latest news on the project, read the Bitcoin BSC whitepaper or join the Telegram group.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
This article first appeared at CryptoPotato
