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With the SEC approving spot Bitcoin ETFs, the newly launched Bitcoin Minetrix is benefiting significantly, with its presale recently surpassing $8.3 million.
Currently, potential investors can buy $BTCMTX tokens for $0.0128, but the price will rise incrementally as the presale advances, with the next hike occurring in three days.
Since it is undergoing a presale, the only place to buy Bitcoin Minetrix is via the project’s website. Users can simply connect their Ethereum-compatible wallet and buy $BTCMTX with USDT or ETH.
Tokens will be automatically staked in the project’s staking contract until the presale ends, earning a variable APY. Currently, it offers a 78% APY, but this will decrease as the staking pool grows, so investors must act fast to secure the highest returns.
An ERC-20 Token That Revolutionizes Bitcoin Mining
Bitcoin Minetrix is a new protocol based on decentralized cloud mining. It works by users staking $BTCMTX for Bitcoin mining credits, which they burn for cloud mining power, translating to free Bitcoin.
The process is seamless and notably beginner-friendly, with users not requiring hardware or technical expertise to get started. As such, Bitcoin Minetrix solves the most prevalent Bitcoin mining barriers to entry, potentially helping move it toward mass adoption.
Additionally, it is an Ethereum-based application so users can access it and earn Bitcoin rewards from their Ethereum-compatible wallet, like MetaMask.
Beginner users are generally more accustomed to the Ethereum network, forging an enormous potential user base for Bitcoin Minetrix.
Furthermore, the decentralized and community-owned nature of $BTCMTX eradicates the risk of cloud mining scams, making it a safer alternative to other cloud mining solutions.
The project’s benefits to the Bitcoin network should not be underestimated. The onboarding of significantly more users to Bitcoin mining will contribute to the Bitcoin network’s hash power, making it more secure while enabling users to earn passive rewards easily.
Robust Tokenomics Hint to Long-Term Potential
While Bitcoin Minetrix presents tremendous value to the Bitcoin network, one of its most anticipated characteristics is its carefully engineered tokenomics.
This is primarily due to the central role of $BTCMTX presenting massive upside potential.
There will likely be strong demand since users require the token for staking. Meanwhile, the supply will be limited because many tokens will be staked, and rewards are primarily paid in mining credits, not $BTCMTX.
As such, Bitcoin Minetrix features compelling supply and demand dynamics, where incoming token demand could directly benefit its price.
Moreover, the upcoming Bitcoin halving is set to slice the amount of new Bitcoin entering the market in half, making BTC more scarce and rendering Bitcoin Minetrix rewards even more valuable.
According to its website, 42.5% of $BTCMTX tokens are allocated to mining, 35% to marketing, 12.5% to staking, and 10% to the community.
Such an allocation of tokens to community members and marketing indicates word will spread quickly following the project’s IEO, potentially equating to immense demand.
Minedrop Incentives Stimulate Buying Activity
In line with its token distribution, Bitcoin Minetrix is currently running a marketing effort dubbed the Bitcoin Minetrix “Minedrop.” Essentially, this is an airdrop distributing $30K worth of $BTCMTX between ten competition winners.
So far, there have been 35,288 entries, and there are 177 days left until the competition ends.
Analysts Forecast 10X Gains After IEO
Given its blend of cutting-edge utility, robust tokenomics, and focus on sustained marketing and social media growth, analysts firmly back Bitcoin Minetrix to explode.
Jacob Bury recently speculated it could 10x. Bury is a renowned low-cap gem hunter who made several 10x calls in 2023. As such, his backing of Bitcoin Minetrix is a strong illustration of its bullish potential.
That said, some traders are even more bullish with No Bs Crypto speculating Bitcoin Minetrix will 100x after its IEO.
Meanwhile, YouTuber ClayBro says it “could be the easiest way to mine Bitcoin.”
But with the next Bitcoin Minetrix presale price hike in three days, potential buyers should act quickly to secure the most upside potential.
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