As the frenzy around Bitcoin ETF approval reaches unprecedented levels, two new BTC alternatives have grabbed the spotlight.
The presales of $BTCETF and $BTCMTX tokens have been witnessing heavy traffic this week. While the $BTCMTX presale is on its way to the $4M milestone, $BTCETF began its journey this week to a grand reception.
The assets give investors more exposure to the positive events unfolding in the market than Bitcoin due to their low initial market caps and robust roadmaps.
Here is a closer look at both assets and how they carve a distinct space for themselves.
Bitcoin ETF Token ($BTCETF) to the moon?
Bitcoin ETF Token ($BTCETF) is a new token that takes advantage of the potential approval of Bitcoin spot ETFs.
At the same time, it is not a meme coin. It implements creative strategies like stake-to-earn, a predetermined burn schedule based on real-world events, and sell tax to power its price action.
$BTCETF won’t be a short-term phenomenon, being tied to Bitcoin’s road ahead.
Although the project was launched just two days back, $BTCETF has rapidly gained attention and is expected to sell out within a few days.
The token community is growing as more investors recognize the project’s potential amidst the rising Bitcoin fervor.
The roadmap of $BTCETF is particularly interesting. In a first-of-its-kind approach, it comes with predetermined milestones. On hitting these milestones, the project will initiate a 5% burn of the token supply, leveraging scarcity and price action dynamics.
Bitcoin ETF Token has a total supply of 2.1 billion, with 25% gradually set to be burned over time.
Stake-to-earn and sell tax power price action
In addition to burning as a tool for price appreciation, Bitcoin ETF Token also introduces a staking mechanism. It allocates 25% of the token supply for staking rewards, providing investors an opportunity to expand their investments with attractive Annual Percentage Yields (APYs). The exact APY has yet to be disclosed.
Sell tax is the next feature that supports the price action of the token. It works its magic by deterring pumping.
Within the platform, the sell tax starts at 5% and decreases by 1% with each milestone reached. Tokens withheld as tax are automatically burned, and once all five milestones are met, the tax system will be removed.
To draw more traffic to the presale and nurture community engagement, Bitcoin ETF Token has launched a limited-time discount in the current presale phase. The current presale price of $BTCETF tokens is $0.005, lower than the tentative listing price of $0.0068.
$BTCETF is predicted to soar upon its initial exchange listing. It will become more expensive post-launch, as a result.
The presale is divided into 10 stages. The price increases with each new stage to favor the early investment community.
Bitcoin Minetrix simplifies cloud mining
The hottest bitcoin 2.0 coin of 2023 is Bitcoin Minetrix ($BTCMTX).
At the time of writing, the token had managed to raise $3,662,305 in its presale.
It stands out by offering efficient and user-friendly cloud mining capabilities through its stake-to-mine dashboard. This project’s unique value proposition is that it allows users to generate passive income by simply staking their $BTCMTX tokens.
$BTCMTX has high market relevance, given that traditional Bitcoin mining poses significant technical and financial barriers for retail crypto investors.
Existing cloud mining platforms have their share of complexities, often mandating initial deposits and mining hardware. The contractual obligations that favor the platform over the user are added troubles that most don’t want to sign up for.
This is where Bitcoin Minetrix steps in. It eliminates the need for hardware investments and contractual obligations with its stake-to-mine dashboard. It lowers the technical and financial barriers to BTC mining.
Users just need to buy and stake $BTCMTX tokens to earn BTC mining credits from the platform. Distributed as non-transferable ERC-20 tokens, the credits can be converted into rewards after burning.
Recognising a significant accomplishment for #BitcoinMinetrix! 🌟
Exceeding the $3,600,000 milestone! pic.twitter.com/jC0RxzqnTu
— Bitcoinminetrix (@bitcoinminetrix) November 7, 2023
It offers an uncomplicated passive income for users.
Being non-transferable, the credits are risk-free in terms of hacking and other security threats. Anyone can buy and hold them safely while continuing to earn rewards.
$BTCETF or $BTCMTX – Which One Should You Be Buying Now?
$BTCETF and $BTCMTX have their unique value propositions.
Both have been seeing a growing influx from crypto communities traction recently. The hype around the projects can be attributed to their projected returns, ranging from 1500% to 5000%.
Given that the best that Bitcoin can do is 2X to 3X within a year, $BTCETF and $BTCMTX make sensible investments now. These alternative assets offer an extra avenue for higher returns.
Their distinction lies in the fact that $BTCETF primarily targets the speculative aspect of the market, while BTCMTX emphasizes a robust utility. The portfolio ratios of the two assets depend on an individual’s preferences regarding risk and potential returns.
