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Green Bitcoin, which raised $9.6 million through an ICO, is scheduled to debut on the Uniswap DEX today at 1 PM (UTC), with a CEX listing imminent.
Green Bitcoin is scheduled to launch on Uniswap on Thursday, April 4, 2024 at 1:00 PM UTC after raising $9.6 million through an ICO. The event follows a successful pre-sale that raised $9.6 million in just one month.
Soon, this project will launch on CEX and implement significant upgrades to that protocol. The launch of CEX opens the cornerstone of Green Bitcoin, its profit prediction mechanism, to the wider market.
The CEX launch announcement comes one week after Uniswap launch (April 10, 2024). There is limited information about the announcement at the moment, but the token is expected to launch on CEX one day later, on April 11, 2024.
Plans are underway for a protocol upgrade to take place on April 18, 2024, which will provide runway for market participants to purchase GBTC ahead of the major conversion. According to a recent tweet, the “real work” will begin once Uniswap launches, creating an exciting prospect for the trending Bitcoin alternative.
But while its name shares similarities with the market leader, Green Bitcoin’s novel approach to utility and environmental action sets it apart. Those who are new to the Green Bitcoin protocol can stake their tokens to access the new profit prediction feature. This feature allows users to earn GBTC by predicting whether the Bitcoin price will rise or fall in the next day, etc.
Getting started is easy. After purchasing and staking GBTC, users can access the Green Bitcoin protocol’s predictive model. In addition to accessing the predict-profit mechanism, stakers can also earn passive rewards. Currently the rewards are worth 63% APY, but this figure will drop as the staking pool grows.
Eco-Friendly Bitcoin Alternative
Green Bitcoin encapsulates Bitcoin’s scarcity-driven token economics with a 21 million supply cap and a carefully designed emission schedule. However, the approach to emissions is different from Bitcoin.
While Bitcoin’s proof-of-work model rewards miners with BTC for performing “work” (at the expense of vast energy waste), Green Bitcoin was launched on Ethereum utilizing proof-of-stake, which is converted to ETH. Rewards are given to validators who protect the network. Rather than energy
This innovation brought about a huge change in public perception of cryptocurrencies. Green Bitcoin’s website explains that one Bitcoin transaction uses 1,173,000 Wh of energy, while a Green Bitcoin transaction uses only 34 Wh.
Therefore, Green Bitcoin has been widely embraced by mainstream media outlets that typically promote environmental protection. Despite not being launched on exchanges yet, it has been featured in media notables such as Yahoo Finance, The Economic Times, CoinGape, Captainaltcoin, and Crypto Potato.
Bitcoin halving is one inch closer.
The launch of the Green Bitcoin exchange is happening in a timely manner, with Bitcoin halving in just 14 days. Bitcoin Halving is a four-year event in which the amount of BTC rewarded to miners is halved. This would halve the amount of new BTC entering the market, creating a supply and demand mismatch that has historically fueled widespread cryptocurrency bull markets.
Adding to the excitement is interest in a new Bitcoin spot ETF that entered the market in January. Some analysts call this a ‘double halving’, suggesting that the halving supply shock is reinforced by the ETF demand shock.
In reality, this presents a bullish outlook for Bitcoin, but cryptocurrency traders want one thing: profits. Therefore, as the price rises, many people will move away from Bitcoin and deploy their capital into riskier, higher reward altcoins.
Although its potential is yet to be revealed, Green Bitcoin’s proximity to Bitcoin and distinct advantages make it a powerful alternative for traders to redistribute their profits.
To learn more, visit Green Bitcoin. Interested users may also follow: X Please use your account to stay informed of the latest developments.
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