Bitcoin Minetrix (BTCMTX), a new Stake-to-Mine platform built on Ethereum, has raised over $11 million in its ongoing presale event.
With its unique value proposition of allowing BTCMTX holders to earn recurring Bitcoin rewards, Bitcoin Minetrix seems poised to make a splash in the crypto market this year.
The evolution of Bitcoin mining over the past decade has led to several pain points – high barriers to entry, lack of transparency, and the prevalence of scams.
This is where Bitcoin Minetrix comes in, aiming to transform the mining space through its Stake-to-Mine model.
Using the power of tokenization and smart contracts, Bitcoin Minetrix allows anyone to earn regular BTC rewards just by holding and staking BTCMTX.
It works through users buying BTCMTX tokens and locking them up to earn non-transferable “mining credits.”
These credits can then be burned to earn Bitcoin cloud mining hash power.
Through this process, there’s no need for upfront investments in mining equipment or risky contracts with third-party companies.
As a result, control and security are placed back in the hands of users.
According to Bitcoin Minetrix’s whitepaper, there is also a high-yield staking protocol to incentivize long-term holding of BTCMTX.
This protocol currently offers yields of 61% per year – and over 687 million BTCMTX tokens have been pledged already.
Essentially, Bitcoin Minetrix users have two ways to earn rewards, which is one of the main reasons that the project’s presale has gained so much traction.
As mentioned earlier, Bitcoin Minetrix’s presale has raised over $11 million from participants eager to secure discounted BTCMTX tokens.
The current presale price of BTCMTX is just $0.0135 but will increase incrementally as more funding milestones are hit.
As such, the earliest investors stand to maximize their potential if BTCMTX’s value were to rise in the future.
After the presale ends, Bitcoin Minetrix’s development team plans to list BTCMTX on several centralized exchanges to boost liquidity and accessibility.
No specifics have been announced yet regarding which exchanges will list BTCMTX, but members of the project’s Telegram channel are already eagerly anticipating this stage of Bitcoin Minetrix’s life cycle.
In terms of tokenomics, there is a fixed total supply of 4 billion BTCMTX tokens, with up to 77.5% of these available to presale buyers.
The remaining tokens will be used for mining operations, marketing, development, and community incentives.
All in all, with exchange listings imminent after the presale and a solid tokenomics structure, Bitcoin Minetrix seems primed for an exciting few months ahead.
Given the momentum in Bitcoin Minetrix’s presale and the project’s comprehensive roadmap, analysts and pundits predict that BTCMTX could have a breakout year.
Several key demand drivers fuel this bullish outlook.
Most notably, the highly-anticipated halving event is set to occur in April, which will see the BTC block reward cut in half.
Historically, halvings have led to price surges for Bitcoin and renewed interest in crypto mining.
As a platform offering easy access to Bitcoin mining, Bitcoin Minetrix looks well-positioned to capitalize on this interest.
Additionally, the spotlight on Bitcoin is brighter than ever after the launch of spot BTC ETFs in January.
This has opened the floodgates to institutional investment – helping Bitcoin’s price power past $52,000 last week.
The hype and price increases for BTC are good omens for projects like Bitcoin Minetrix that are closely tied to the world’s largest cryptocurrency.
Putting everything together, the project’s appealing use case, breakthrough presale performance, and growing community buzz suggest Bitcoin Minetrix has what it takes to explode this year. Interested investors can buy BTCMTX tokens through the presale using ETH, USDT, or a credit/debit card.
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