The new Bitcoin BSC token is continuing to impress investors with its stellar presale performance. In a span of just 10 days, BTCBSC has surged past the $2 million milestone in its ICO, with over 50% of its soft cap already sold out.
The token’s strong start is even more impressive considering the turbulence in the broader crypto market. Investors have been frustrated with Bitcoin’s inability to test new highs and are pivoting to alternative investments such as Bitcoin BSC.
Indeed, experts are backing BTCBSC to outperform the struggling Bitcoin, especially in the short term. After all, the token is offering an improved BEP-20 version of BTC with high staking rewards, all available at just $0.99.
Bitcoin became the first cryptocurrency to cement its global dominance, amassing a market capitalization of over 1.2 trillion at its peak. However, the largest cryptocurrency is not without its flaws.
BTC uses the proof-of-work consensus mechanism to validate transactions, a process that is extremely energy-intensive. In fact, there have been calls from several EU lawmakers to ban Bitcoin mining altogether due to the growing concerns regarding its environmental impact.
Furthermore, BTC transactions are extremely slow and costly – they take close to 10 minutes to achieve finality and cost up to $10 depending upon network congestion.
The Bitcoin BSC project is offering investors to be a part of Bitcoin’s legacy, however, with significant technological improvements that address BTC’s current flaws. It is built on the BNB Smart Chain, a blockchain that is known for its high transaction speed and low fees. As a result, BTCBSC transactions hardly take 5 seconds to complete and cost less than 10 cents.
The token’s BEP-20 design also means that it is compatible with well-known crypto wallets such as MetaMask and Trust Wallet, making it easier for beginner traders to trade and store it. Furthermore, its proof-of-stake consensus mechanism is more energy-efficient and thus, does not harm the environment.
Despite Bitcoin BSC’s focus on scalability, the project has not compromised with its security standards. An audit from the 0xGuard security company revealed that the owner of the smart contract cannot engage in malicious activities such as pausing the contract or blacklisting certain addresses. Furthermore, the audit did not find any vulnerabilities which could expose investors’ funds to hacks and cyber attacks.
The concept of crypto staking has surged in popularity, especially as a mechanism to offset the unpredictability of a bear market. Bitcoin BSC is taking full advantage of this growing trend through its stake-to-earn feature which is currently offering an over 250% APY.
This percentage will decrease as more tokens are staked but will still be much higher than other popular chains like Cardano, Solana and Ethereum that offer an APY anywhere between 5% to 8%.
However, this does mean that interested investors need to start staking their tokens in the presale itself to reap the maximum benefits. Thus, it is important to purchase the BTCBSC tokens through BNB or BEP-20 USDT as those using ETH or ERC-20 USDT will not able to avail of this utility until the completion of the presale.
Investors will earn their staking rewards every 10 minutes – thus, the longer the staking period, the higher the reward. This strategy incentivizes them to continue to stake their tokens, which prevents any pump-and-dump price action after the token’s launch.
69% of the entire BTCBSC token supply has been set aside to be distributed as staking rewards over 120 years. Thus, BTCBSC rewards will run out around the same time as when the last BTC token will be mined.
Bitcoin BSC’s staking utility is playing a key role in the token’s growing popularity, especially amongst retail investors looking to generate attractive passive income. In just 10 days, close to 1 million BTCBSC tokens have already been staked.
Bitcoin remains unable to break out of the $25,000 – $26,000 price range, with experts still predicting more downward pressure in the coming days. Even during the next bull market, it is unlikely that the largest cryptocurrency will ever offer a similar upside as when it was trading below the $1 mark in early 2011.
To combat this, Bitcoin BSC is aiming to replicate BTC’s 2,650,000% all-time rally, thus giving investors a second opportunity to generate generation wealth. Its presale has a total supply of 6,125,000 tokens, each priced at just $0.99, mirroring the state of the Bitcoin blockchain in April 2011.
The project’s strategy is not without merit – similar clones such as BTC20 and BTC 2.0 have generated superior returns than Bitcoin in recent months. Therefore, popular traders like Joe Parys are extremely bullish on Bitcoin BSC and consider it one of the best alternatives to BTC.
However, interested buyers need to be aware that the presale has a hard cap of just $6.063 million. If the first 10 days are any indication, this limit will sell out extremely quickly, offering them a very limited window to purchase the token at its current discounted price.
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