Inspired by the Bitcoin project, Bitcoin BSC (BTCBSC) is a stake-and-earn cryptocurrency platform built on the BNB smart chain. The new cryptocurrency promotes long-term token holding since it will offer passive income through its staking protocol for the next 120 years.
The Bitcoin BSC presale has raised over $200K in its first three days and has a hard cap target of $6 million before the presale comes to an end. Our article discusses the features of this new project, the benefits of the BNB smart chain, and the potential for BTCBSC to soar by 10x in the future.
Bitcoin (BTC) is the most valuable cryptocurrency of all time, boasting a live market cap of over half a trillion dollars. However, passive income via staking is the one thing that is missing from this popular asset class.
While Bitcoin BSC (BTCBSC) is not a new version of Bitcoin, it offers similar characteristics with a twist. For instance, Bitcoin BSC has the same total supply as Bitcoin – 21 million tokens. The platform will also follow Bitcoin’s block schedule, which will unlock the entire supply gradually over 120 years.
The only difference between the two is that they operate on a different protocol. While Bitcoin is a proof-of-work (PoW) cryptocurrency, Bitcoin BSC operates on a Proof-of-Stake (PoS) consensus. Bitcoin requires users to mine and generate large amounts of computational energy to confirm new blocks and release new tokens.
On the other hand, Bitcoin BSC simply asks community members to stake and lock their tokens on the staking contracts. After a block is confirmed, the staked token holders will earn a portion of the tokens as passive income. This method is a more sustainable approach to Bitcoin since it does not require the usage of non-renewable resources of energy.
Furthermore, since the Binance smart chain (BSC) is built on the Ethereum code, it assures high levels of security and smart contract capabilities. At the same time, BSC is a more cost-effective and quicker network than Ethereum due to the reduced gas fees and high throughput.
This staking mechanism will attract long-term holders toward the project. The stake-and-earn feature currently offers a huge APY (Annual Percentage Yield) of around 2,000%. The APY will reduce once the number of staked tokens increases. So far, more than 116,000 tokens have been staked on the ecosystem.
While the BTCBSC presale just started a few days ago, investors are rushing to purchase $0.99 worth of tokens. From the 21 million token supply, 6.125 million tokens have been allocated for the presale.
The presale will consist of two phases. The initial phase has offered 4 million tokens at $0.99 each. Once these tokens sell out, another 2.125 million will be offered for the secondary phase of the presale. According to the Bitcoin BSC whitepaper, the project aims to generate a $6,063,750 market cap by the end of the presale.
In just a few days since the presale was launched, Bitcoin BSC has raised more than $200K. Thus, interested investors may prefer picking up the token at this favorable price. $0.99 was selected as the presale price since it is reminiscent of the Bitcoin price way back in April 2011. This is Bitcoin BSC’s way of paying homage to the popular cryptocurrency when it traded at just under $1.
To invest in the presale, one can visit the Bitcoin BSC website and connect a cryptocurrency wallet. The presale can be accessed with MetaMask and Wallet Connect. Investors can buy BTCBSC with compatible tokens such as Ethereum (ETH) and Tether (USDT).
After the blockbuster start to the BTCBSC presale, cryptocurrency influencers are bullish on the Bitcoin BSC project. One such influencer is Jacob Crypto Bury, a popular YouTuber who covers new presale projects to invest in all year round.
In a new YouTube video, Bury stated that Bitcoin BSC’s staking benefits and tokenomics make it a potential investment opportunity. From a market cap of over $6 million, a 10x price increase would give BTCBSC a $60 million market cap. This could be a probable price increase, given the use cases that the project is providing.
Furthermore, the gradual release of the tokens will help make BTCBSC a valuable investment for the long term. One can stay updated with the presale and new project developments by joining the Bitcoin BSC Telegram channel.
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