In recent weeks, Bitcoin holders have been turning their attention to a new wave of initial coin offerings (ICOs) that aim to replicate BTC’s astronomical 27,000% return since 2015.
The project in question, Bitcoin Minetrix (BTCMTX), has raised more than $8.4 million in its pre-sale phase ahead of its official exchange launch this year.
With over 543 million BTCMTX tokens already pledged to the project’s staking protocol, can this innovative cryptocurrency mining platform generate the same exponential price action seen in the early days of Bitcoin?
Bitcoin Minetrix utilizes stake-to-mining for passive BTC rewards.
What sets Bitcoin Minetrix apart is its “Stake-to-Mine” feature, which allows holders to earn BTC rewards by staking BTCMTX tokens.
This creates a circular effect. Users can stake BTCMTX to mine BTC, then sell those BTC and reinvest in staking more BTCMTX.
As explained in the Bitcoin Minetrix whitepaper, this system incentivizes long-term holding of BTCMTX tokens while generating recurring BTC returns.
Bitcoin Minetrix users can also benefit from the platform’s high-yield staking protocol.
Staking BTCMTX during the pre-sale period is lucrative with an APY of 77%, but this rate of return gradually decreases as more tokens are pledged.
With hundreds of millions of BTCMTX already staked ahead of the official launch of the platform, Bitcoin Minetrix is building an engaged community invested in its success.
The community is also very excited about the potential of the Stake-to-Mine model in that it could dramatically lower the barriers to Bitcoin mining.
As Bitcoin mining is becoming increasingly complex and expensive for the average cryptocurrency user, the Bitcoin Minetrix team hopes to provide a sustainable and energy-efficient alternative that anyone can use.
The ongoing BTCMTX pre-sale event fuels hype about the future of Bitcoin Minetrix.
Bitcoin Minetrix’s pre-sale event attracted significant interest from the wider cryptocurrency community as word spread about the project.
To date, the pre-sale has raised over $8.4 million from investors looking to secure BTCMTX tokens ahead of the official launch later this year.
Investors can currently purchase the token for $0.0128 during the pre-sale phase. However, the token price gradually increases over the weeks.
Several prominent influencers have publicly supported the Bitcoin Minetrix project, further generating interest in BTCMTX and its ongoing presale.
In particular, YouTuber Michael Wrubel, who has over 310,000 subscribers, said he was “optimistic” about the token’s prospects.
In the coming months, the Bitcoin Minetrix team will be working to finalize features before BTCMTX is listed on exchanges.
The listing could introduce liquidity and enable 24/7 trading for BTCMTX, paving the way for further platform development and the addition of new features.
Interestingly, the Bitcoin Minetrix team has already announced plans to launch a Stake-to-Mine mobile app and partner with popular cloud mining companies.
If the team can successfully execute these plans, it could solidify Bitcoin Minetrix’s position as a valuable tool for democratizing BTC mining.
Why should Bitcoin holders invest in BTCMTX tokens?
With such an excellent future roadmap, it is no surprise that many Bitcoin holders have decided to invest in BTCMTX during the ongoing pre-sale hype.
For those who have been investing BTC for a long time, Bitcoin Minetrix offers obvious similarities and the opportunity to replenish your holdings with staking rewards.
The 77% APY for BTCMTX staking is significantly higher than even the most generous DeFi protocols.
However, many Bitcoin holders are also considering the bigger picture and BTCMTX’s long-term growth potential.
The importance of simplified and energy-efficient Bitcoin mining is likely to continue to grow, so securing BTCMTX tokens at an early stage before adoption begins could be a smart move.
There is also an element of scarcity, considering that only 4 billion BTCMTX tokens will be issued, which underpins the bullish sentiment among many investors on Bitcoin Minetrix.
As the platform gains popularity and usage increases, increased demand from Bitcoin holders could create ideal conditions for massive price increases.
Therefore, for investors seeking Bitcoin-style profits, BTCMTX provides early access to a potentially disruptive platform.
Interested investors can purchase BTCMTX tokens through the pre-sale using ETH, USDT, or credit/debit cards.