New Stake-to-Earn Cryptocurrency BTC20 Secures $1.7 Million in One Week – Reasons for Trader Support Explained

The newly launched staking cryptocurrency BTC20 ($BTC20) has created considerable excitement over the past week, amassing more than $1.7 million during its presale phase.

BTC20 ($BTC20)’s presale has quickly become popular as it enables investors to purchase tokens at the symbolic price of $1 – a nod to the early days of Bitcoin.

With the enthusiasm surrounding the project showing no signs of waning, many within the crypto community anticipate a surge once it makes its market debut in the upcoming weeks.

$BTC20 Provides Attractive Staking Rewards with Eco-Friendly Framework

The standout feature of BTC20 is its staking model, which permits token holders to earn rewards over time via a vesting contract.

Drawing inspiration from the original Bitcoin’s block rewards, this contract is structured to distribute $BTC20 tokens to stakers over an estimated period of 120 years.

According to the BTC20 whitepaper, all unsold tokens (a minimum of 14.95 million $BTC20) will be secured in the staking contract once the presale concludes.

Token holders can subsequently stake their $BTC20 to receive ongoing rewards – with larger amounts of staked $BTC20 resulting in greater payouts.

This staking model naturally offers a method for investors to generate passive income by holding $BTC20 over the long term.

Additionally, since this model employs a Proof-of-Stake (PoS) mechanism rather than Bitcoin’s Proof-of-Work (PoW), BTC20 aims to present a more energy-efficient and sustainable alternative to Bitcoin’s mining framework.

As highlighted in an article from NBC, experts suggest that PoS protocols can utilize up to 99.99% less energy compared to PoW protocols – effectively positioning BTC20 as a “green crypto” initiative.

Paying Tribute to Original Bitcoin Fuels $BTC20 Presale Excitement

BTC20’s stake-to-earn framework has contributed to its presale excitement, which is further enhanced by the project’s approach of honoring Bitcoin’s legacy.

Just as Bitcoin was priced at $1 in its formative stages, BTC20 seeks to replicate that opportunity by allowing presale investors to obtain tokens at the same price.

Many members of the rapidly expanding BTC20 Telegram community believe this could yield positive results, considering the project’s potential for growth after listing.

Moreover, BTC20 reflects Bitcoin’s original circulating supply of 21 million tokens.

Up to 6.05 million of these tokens will be available for purchase during the presale, divided into two separate phases.

This meticulously crafted tokenomics structure aims to recreate Bitcoin’s origins while taking advantage of the benefits associated with being built on the Ethereum blockchain.

Utilizing the Ethereum blockchain provides numerous advantages, creating opportunities for $BTC20 to be integrated with a variety of decentralized applications (dApps).

As Ethereum serves as a hub for NFT, DeFi, and metaverse activities, structuring $BTC20 as an ERC-20 token facilitates significant interoperability and future utility – a factor that is contributing to the increasing presale excitement.

Crypto Influencers Support BTC20 as the Next Bitcoin

Building on the momentum from its presale success and distinctive staking arrangement, BTC20 has rapidly gained traction on social media.

The project’s Twitter account has grown to over 1,700 followers at the time of this writing, with new users joining daily.

Several prominent crypto influencers have also been discussing the potential of BTC20.

Michael Wrubel, who has over 310,000 subscribers on YouTube, posted a video referring to $BTC20 as “the next Bitcoin.”

Additionally, well-known crypto analyst Jacob Bury also mentioned BTC20 in a recent video, speculating that it’s a “new crypto that could explode soon.”

With this influencer support, many members of the BTC20 community are already contemplating how high $BTC20 might rise once it is listed on the open market after the presale concludes.

While predictions are inherently uncertain, if the current excitement and momentum continue, $BTC20 could see significant appreciation from the $1 presale price, making it a token to monitor in the coming weeks.

Visit BTC20 Presale

Disclaimer: The above article is sponsored content, it’s written by a third-party, and is intended for promotional purposes only. It does not represent the opinions or the views of CryptoPotato, and nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.