Revealed Sep 28, 2023 01:10AM ET
In a bid to make Bitcoin mining extra accessible and environment friendly, Bitcoin Minetrix has launched a singular Stake-to-Mine mannequin. The tokenized cloud mining platform not too long ago launched its preliminary coin providing (ICO), offering a chance for early traders to amass the $BTCMTX token at a beginning worth of $0.011.
The brand new digital asset, Bitcoin Minetrix (BTCMTX), goals to revolutionize the method of Bitcoin mining by eliminating the necessity for pricey, energy-consuming gear. As a substitute, BTCMTX token holders can stake their tokens to earn mining credit, which might then be utilized for Bitcoin cloud mining. This revolutionary method is designed to make cryptocurrency mining extra sustainable and safe.
The ICO can be performed in 10 phases, with the token worth set to extend incrementally after every spherical. The platform has deployed a complete of 4 billion tokens, with 5% allotted to Bitcoin mining, 35% for advertising, 15% for the neighborhood, and seven.5% for staking rewards till the platform is totally developed. By way of the ICO, Bitcoin Minetrix goals to boost over $15 million.
Bitcoin Minetrix was launched on Wednesday, September 27 2023, and inside at some point of asserting the ICO, the undertaking had already raised $115,000. A sensible contract audit for $BTCMTX was carried out by Coinsult on September twentieth.
The Stake-to-Mine mannequin simplifies the method of Bitcoin mining by permitting customers to earn non-tradeable ERC-20 mining credit by means of staking their $BTCMTX tokens. These credit can then be burned to achieve entry to Bitcoin cloud mining energy. Customers even have the choice to un-stake their tokens after the minimal staking interval in the event that they want to exit and promote their tokens on the present market worth.
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Written By: Investing.com