While Bitcoin’s (BTC) price continues to swing, a dire need for new and efficient projects was noticed by the holders. This need was addressed by a new project that has raised an impressive $120k in its presale. This new token in the crypto world is “Bitcoin Minetrix (BTCMTX)”. More BTC alternative projects are mentioned at https://player.me/6-bitcoin-alternative-cryptocurrencies-that-may-go-mainstream-in-2023/.
BTCMTX works on a Stake-to-Mine protocol, which is controlled by smart contracts. The project has gained the attention of investors due to its highly rewarding features. Users here can stake tokens to earn trustworthy mining powers. In doing so, it has simplified and optimised the process of BTC mining.
This article will provide an in-depth coverage of the presale attributes of BTCMTX. Furthermore, it will shed light on how the innovative protocol aims to bring BTC out of obscurity.
Understanding the Stake-to-Mine Protocol
As the number of potential miners continued to surge within the network, BTC responded by making the mining process increasingly challenging. It has recently made its algorithm 7.3% more difficult.
The new protocol amidst the release of the new cryptocurrency provides the solution for all those mining issues. It has blended staking and mining to make the process more efficient. It allows stacking BTCMTX in exchange for cloud mining power. Around 400,000 BTCMTX has already been staked and converted into mining power.
Users purchase BTCMTX, stake them, and get the mining power by using cloud mining credits. Importantly, this process ensures the safety of BTCMTX tokens throughout. Additionally, a user-friendly mobile app has been developed to simplify the management of these tokens, ensuring a seamless experience. All these steps were taken after BTC almost went flat, as mentioned here.
BTCMTX: The New Player in the Game
The BTCMTX received a massive amount of attention in just a few minutes of presale. It generated almost $100K, showcasing its potential to keep up with the market’s interests. The presale of the token consists of 20 stages. Token price surge by 10% with every new stage.
Considering the current rise of presale revenue, it is estimated that by the end of 2023, it may have a price of $0.045. In the long run, the project may attract plenty of investors in lieu of receiving passive BTC rewards through an Ethereum (ETH) wallet. If it happens, it’s possible that BTCMTX could potentially achieve a price of $0.11 by the conclusion of the year 2025.
Traders’ Perspective on Cloud Mining
The mining process has been made easier with cloud mining. Users don’t have to set up high-power computer systems to carry out cloud mining. They can just purchase or rent out the required computational powers from the data centres to carry out the process of mining.
This means that users won’t need expertise and no budgeting for the hardware expenses. The specialised centres provide cooling systems and mining rigs for optimal BTC mining. They provide all the mandatory mining features for a specified duration with the mandatory power.
Drawbacks of Cloud Mining
While cloud mining offers potential advantages, it also carries certain drawbacks. The primary concern is the risk of falling victim to scams, much like numerous other projects in the cryptocurrency space. Additionally, there’s the issue of fees and various charges that, on occasion, can exceed the rewards earned, potentially resulting in losses for investors.
Lastly, cloud mining is not immune to the overall volatility of the market, meaning that fluctuations in cryptocurrency prices can affect the profitability and overall performance of cloud mining operations.
Related: Earning Satoshis From Heat, Bitcoin Miners’ Brilliant Innovation
BTCMTX Token Analysis and Roadmap
The token has a maximum supply of 4 billion. According to research findings, a substantial portion of these tokens, specifically 70%, is made available for acquisition during the presale. What’s notably attractive is that the token’s price during this presale phase is set at just $0.011 per unit, which means users can grab plenty of tokens even if they only invest a few dollars.
The purchase process accommodates a variety of methods. Users can choose to buy through their chosen ways, including BNB, ETH, USDT, or credit or debit cards.
Also Read: Future Uses for Blockchain Technologies
A Presale Strategy for Success
BTCMTX aims to secure around $15 million through its presale. The funds raised during the presale will be used to launch the official Minetrix platform. In terms of potential returns, it’s crucial to note that BTCMTX’s method can yield impressive results.
Daily rewards are calculated as a percentage of your staked amount, providing the opportunity to earn substantial passive income. These rewards encourage BTCMTX staking to achieve stability.
Conclusion
As the eagerly anticipated crypto bull market approaches, a significant influx of new capital is expected in the crypto space. A smart strategy is to identify smaller, promising projects that tackle real-world issues. BTCMTX is an excellent match for this strategy.
With the Stake-to-Mine protocol, BTCMTX eradicated the need to send cash to purchase mining contracts. It simplifies the acquisition of mining capabilities, making it accessible and convenient for potential investors. Furthermore, with $BTCMTX tokens, users have the freedom to stake or trade them at their convenience, providing a high degree of flexibility.
Frequently Asked Questions
How Can I Participate in This Presale?
Firstly, you will have to download a Web3 wallet to hold the tokens. The preferred wallet is the MetaMask wallet. You can purchase BTCMTX either with ETH, BNB or USDT.
Firstly, you will have to download a Web3 wallet to hold the tokens. The preferred wallet is the MetaMask wallet. You can purchase BTCMTX either with ETH, BNB or USDT. Visit their official website and connect your wallet through the ‘Connect Wallet’ button over there. Once your account set-up is made, you can purchase the required amount of tokens.
How Do Daily Rewards Work with BTCMTX’s Method?
With BTCMTX, your daily rewards depend on the number of BTCMTX tokens you stake. The system uses a fixed percentage to calculate your daily reward. In simple terms, the more tokens you stake, the higher your potential daily rewards become.
Is There a Minimum Investment Required for the BTCMTX Presale?
Yes, but the amount is user-friendly. The minimum investment required is only $10, making it accessible for virtually anyone to participate in this potentially profitable crypto-mining opportunity.