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The crypto market recently witnessed a bullish activity of top assets. Ripple made an impressive rally in price due to its legal victory against the SEC, and Bitcoin surged past $30,000. As a result, other performing altcoins joined this rally, which many investors believe is the start of the bull run.
Sadly, the optimism fades into the background as Bitcoin has slowed in its bullish momentum, further slipping below its supported price of $30,000. This has increased concerns about Bitcoin’s future, and many investors seek other alternatives to help circumvent their losses in the market.
Interestingly, BTC 20 has made early moves in making its presence known as a perfect alternative to Bitcoin, with compelling features worth checking out. This post shares vital information regarding this new Bitcoin alternative; thus, read on to find out more about it.
BTC20: A Perfect Alternative to Bitcoin Built on Ethereum Network
Crypto copycats are the latest and hottest trends in the crypto market. There are several of them littered in the market, wanting to contend with the original tokens but offering little to no utility for sustainable growth.
However BTC 20 has plans to bring back the early days of the crypto revolution, when Bitcoin was at its lowest price. However, this coin steers in a greener direction by running on the Ethereum Blockchain. Thus, combining Ethereum’s technology and Bitcoin’s tokenomics, BTC 20 aims to be the best revolutionary crypto since these two giants’ inception.
BTC 20’s grand mission is to bring back the legendary days of Bitcoin’s meteoric rise while running on a Proof-of-Stake (PoS) mechanism. According to the BTC 20 whitepaper, BTC20 creates a token that seamlessly recreates Bitcoin’s historic progression while emphasizing staking.
Consequently, by building the token on Ethereum, BTC 20 becomes compatible with many ETH-compatible wallets, including MetaMask. This unlocks new opportunities for the crypto to integrate seamlessly with decentralized Applications (dApps), which is impossible on Bitcoin.
BTC 20 Offers Unique Staking Possibilities To Ensure Sustainability
BTC 20’s most noteworthy feature lies in its staking system, which offers token holders a chance to earn passive income. It is built on an energy-efficient Proof-of-Stake protocol, which positively impacts the environment.
The staking system is also fortified by locking 14.95 million BTC20 tokens out of the total supply of 21 million. This setup encourages users to stake their tokens as the percentage of rewards scales with the number of tokens staked. This enables token holders to earn income passively without expensive or energy-intensive mining hardware.
Similar to the original Bitcoin blueprint, rewards are automatically distributed as new blocks are validated, perfectly mirroring the timeless tradition of Bitcoin’s release schedule. For the next 120 years, BTC20’s staking system is expected to gradually release all its token supply.
BTC 20 Launches a Community-Focused Tokenomics and Presale Event
BTC 20 launches its native token $BTC 20 to power its ecosystem and foster community involvement. Mirroring Bitcoin’s tokenomics, BTC 20 mints 21 million tokens, with 3 million available for its presale event. During the presale, individuals have the opportunity to purchase BTC 20 tokens at $1 per token, leading back to Bitcoin’s iconic milestone of reaching the $1 mark in 2011.
Also, an additional 3.05 million BTC 20 tokens will be available at the same price, culminating in a presale hard cap of $6.05 million. Any unsold tokens will be added to the staking pool, increasing the rewards potential of token holders and stakers in the Stake-to-Earn protocol.
The funds raised from the presale are pivotal in bringing BTC 20’s roadmap to life. BTC 20 plans to make strategic partnerships and potential integrations with dApps on the Ethereum blockchain. Thus, they further add to the value and utility of BTC 20, laying its foundation for long-term revolutionary gains.
Despite its recent launch, its presale event is off to a roaring start; it has surpassed $400,000 and has received attention from crypto analysts and media outlets. Impressively, BTC 20’s social media platforms have received an influx of new members poised to be a part of its early phase and accumulate massive gains.
BTC 20’s vision of being a perfect Bitcoin alternative is incredible. Its focus on running on an eco-friendly protocol excites crypto investors who have missed Bitcoin’s earliest runs.
Bottom Line: Invest in BTC 20 as It is Sure To Surge In The Market
Bitcoin continues to lead the crypto charts in terms of market dominance and market capitalization. While its recent slumps in price action seem concerning, crypto analysts point to a future bullish momentum. However, when it will happen remains to be seen.
BTC 20, on the other hand, continues to gain traction in its early presale launch, giving investors a nostalgic investment opportunity. While we can’t go back in time to scoop up Bitcoin at a fair value price of $1, BTC 20 offers you a chance to do so with its native token. Therefore, endeavor to check out this new crypto that is making massive waves in the crypto landscape and invest accordingly. Join the BTC 20 investment train and enjoy huge investment returns soon.
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