If you roll back the clock to April 2011, the first thing you would do is buy Bitcoin at $1, right?
Well, the BTC20 presale just went live and allows everybody to do exactly that.
BTC20 is a groundbreaking project that takes the brilliant mechanics from Bitcoin and brings them onto the Ethereum blockchain.
Investors are eager to get positioned in this presale due to its unique stake-to-earn rewards mechanism, which experts believe will cause a massive supply shock once the presale ends – providing a substantial surge in price out of the gate.
BTC20 Presale Goes Live, Sending Everybody Back to 2011
The presale for BTC20 recently went live, providing the opportunity for everybody to get invested in the “new Bitcoin” at a price of just $1 again.
BTC20 is an ERC-20 version of Bitcoin built on the Ethereum blockchain.
It has introduced an intuitive verified staking contract that released BTC20 tokens in line with the original Bitcoin block rewards schedule.
Everybody staking BTC20 earns a percentage of those rewards through the environmentally-friendly proof-of-stake mining mechanism.
The presale for the project is paying homage to the early days of Bitcoin, sending everybody back to 2011 when Bitcoin was priced at $1 with a circulating supply of 6.05 million BTC.
Therefore, the presale intends to sell 6.05 million BTC20 for a price of $1.
It will be split into two phases, with the first phase selling 3 million BTC20, for a soft cap of $3 million.
Once the soft cap is reached, another 3.05 million BTC20 will be available for a hard cap of $6.05 million.
The fundraising will lay the foundation for future development, marketing, and strategic partnerships.
The total supply for BTC20 also pays homage to the original BTC, with a total supply of 21 million.
Following the presale, a minimum of 14.95 million BTC20 will be locked into the staking contract, with any additional unsold BTC20 also being locked there.
As a result, the entire BTC20 ecosystem will be community-driven, with no fear of a potential rug-pull.
BTC20 – Bitcoin But With the Upgraded Features of Ethereum like Stake-to-Earn
Investors are excited about BTC20 due to its unique Stake-to-Earn feature, which provides rewards to stakers every time a block is found on the original Bitcoin blockchain – usually every ten minutes.
When a block is confirmed, a number of BTC20 tokens are released and distributed to stakers. The more BTC20 staked, the higher rewards earned.
The BTC20 staking contract will release the tokens in-line with the Bitcoin block schedule, ensuring rewards for the next 120 years.
The entire idea behind this ecosystem is to foster a community-driven ecosystem where the collective actions of stakers help drive all investors’ prosperity.
You see, as stakers lock their tokens in the BTC20 staking contract, that supply is removed from free circulation – essentially removing them from the open market.
As a result, experts believe that this will cause a huge supply shock in the market, meaning that new investors after the presale might struggle to buy BTC20 from the open market – forcing the value of the token to explode.
This is because over 71.2% of the BTC20 supply is already locked in the staking contract, with the figure likely to be higher as BTC20 holders stake more.
Therefore, stakers earn simultaneously through the BTC20 rewards and the increasing value of the BTC20 token.
Overall, this brilliant staking mechanism incentives long-term participation and reinforces the community spirit behind the project.
Furthermore, the fact that BTC20 is on the Ethereum blockchain makes it easier to use. For example, holders can use their regular MetaMask wallets or ERC-20-compliant service for decentralized self-custody.
It also opens the door down the line for expanded BTC20 utility through a series of dApps and services.
Presale Underway: Only Opportunity to Buy BTC20 at $1
The presale is officially underway, providing the only opportunity to buy BTC20 at $1.
Experts believe that the price of BTC20 will be much higher than $1 as soon as it hits exchanges due to the limited supply resulting from staking.
Popular YouTube analyst Jacob Bury is already predicting 10x returns on the project as soon as it launches;
With a hard cap of just $6.05 million, the presale is expected to sell out very quickly.
Fortunately, everybody has the opportunity to invest at the same price of $1. Still, with such a small supply in the presale, the opportunity isn’t expected to last more than a few days.
Therefore, it’s best to get positioned as quickly as possible to take advantage of this second opportunity to buy Bitcoin at $1 again.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
