New Bitcoin BSC Crypto ICO Launches, Raises Over $1,000,000 in Six Days
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New crypto project Bitcoin BSC (BTCBSC) launched its token presale on September 5, and the event is already attracting significant investor attention.
With a low presale price of just $0.99, a BTCBSC harkens back to the early days of Bitcoin. But the new coin isn’t a fork or simple copycat of the original. As a BEP-20 token that lives on BNB Smart chain (BSC), Bitcoin BSC is a more eco-friendly alternative that allows investors to earn passive income through staking.
Introducing Bitcoin BSC: A New Cryptocurrency on BNB Smart Chain
Reflecting Bitcoin’s early days, Bitcoin BSC is a new cryptocurrency designed to reflect the price and supply of Bitcoin in April 2011, when 6,125,000 bitcoins were pegged at $0.99.
The choice to start at $0.99 provides a low cost of entry for investors and positions the token’s price favorably compared to others on the BSC network.
However, BTCBSC is about more than just nostalgia for the Bitcoin of old. The new cryptocurrency also uses modern technology to improve its efficiency and sustainability.
BTCBSC is a BEP-20 token, which means it is built on the BNB Smart Chain. The BNB Smart Chain is a blockchain network designed to function like Ethereum but with much lower gas fees. This makes it more affordable for users to send and receive Bitcoin BSC tokens.
Another advantage of the BNB Smart Chain is that it uses a proof-of-stake consensus mechanism, which is more energy-efficient than the proof-of-work system used by Bitcoin. This makes BTCBSC a more environmentally friendly option for investors.
In addition, BTCBSC offers staking rewards, allowing investors to generate passive income without needing to input additional resources.
Bitcoin BSC Tokenomics
Bitcoin BSC will have a total supply of 21 million tokens. These are to be split between presale tokens, tokens reserved for staking rewards and a small number of tokens which will provide liquidity for future exchange listings.
Presale tokens account for 29% of the total supply, or 6,125,000 tokens.
Staking rewards will be generated from 14,455,000 tokens representing 69% of the total.
Finally, 2% of the total supply, or 420,000 tokens, will be locked for decentralized exchange (DEX) liquidity purposes. Read the project’s whitepaper here.
Future Roadmap for BTCBSC
As with all good crypto projects, Bitcoin BSC has a well-defined roadmap outlining how the token will evolve in the future. The BTCBSC Roadmap is divided into four stages.
Stage 1 – Presale
During the presale 29% of the total token supply will be sold at $0.99 per token. The funds raised will be used to cover development and marketing costs. The presale can be accessed on the Bitcoin BSC website.
Stage 2 – Smart Contract Deployment
The smart contract is the code that governs how BTCBSC issues tokens and distributes staking rewards. The smart contract will be deployed on the BSCblockchain once the initial coin offering (ICO) is finalized.
Stage 3 – DEX listing
Once the smart contract is deployed, BTCBSC will be listed on a DEX. This will allow users to buy and sell BTCBSC tokens on a decentralized exchange.
Stage 4 – Staking rewards
BTCBSC holders will be able to stake their tokens to earn passive income. Staking is the process of locking up tokens in order to participate in the validation of transactions. In return for staking their tokens, users will receive staking rewards, which are paid out in BTCBSC tokens.
How Does Bitcoin BSC Staking Work?
BTCBSC holders have the opportunity to generate passive income by staking their tokens. The staking system mimics Bitcoin’s block schedule, with rewards accumulating every 10 minutes, and the maximum supply reached in approximately 120 years.
Staking BTCBSC is possible at any time, but the staked tokens are locked for seven days before withdrawal.
Rewards for staking BTCBSC are proportional to your share in the staking pool. Rewards also reflect the current annual percentage yield (APY). Following Bitcoin’s mining model, the APY for staked BTCBSC will gradually decrease over time.
How to Participate in the new Bitcoin BSC ICO
During the presale period, you have the option to acquire Bitcoin BSC (BTCBSC) using BNB, ETH, or USDT directly from the project’s website. Simply connect your wallet, choose the BNB Smart Chain, and make a minimum purchase of $10 worth of BTCBSC.
Compatible wallets such as Metamask and Trust Wallet facilitate this process. It’s essential to ensure you have sufficient ETH or BNB to cover the associated gas fees before buying BTCBSC.
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