London, UK, March 12, 2024, Chainwire
All eyes were on the cryptocurrency market over the past few hours as Bitcoin surpassed $70,000. The world’s largest cryptocurrency fell slightly after reaching a record high of $72,377.
Bitcoin’s rally has been fueled by huge demand from companies like MicroStrategy, which recently raised $800 million through convertible notes to buy more Bitcoin.
While BTC is clearly a hot topic, a new project called Green Bitcoin (GBTC) is also generating buzz, having raised over $3.2 million in an ongoing presale.
Green Bitcoin Raises $3.2 Million in Red-Hot Presale, Offers a “Green” Approach to Cryptocurrency
Green Bitcoin has now raised a whopping $3.2 million in the early stages of its token pre-sale event.
As the name suggests, the core premise of this project is to provide exposure to the cryptocurrency market through an environmentally friendly perspective.
Green Bitcoin is an eco-friendly alternative to Bitcoin’s proof-of-work (PoW) mining model, built on Ethereum’s energy-efficient proof-of-stake (PoS) blockchain.
The developers have designed a unique “gamified staking” system that allows users to stake native GBTC tokens and earn rewards for accurately predicting Bitcoin’s price movements.
This essentially combines Bitcoin’s legacy and brand recognition with green technology while allowing GBTC holders to earn recurring rewards. The default staking rate for GBTC holders is 140% per annum as of today.
Additionally, GBTC stakers can earn a bonus on top of this percentage if their BTC price prediction falls within a certain “green zone.”
Users are also visiting Green Bitcoin’s Telegram channel to learn more about the project and connect with the team.
A total of 40% of the total GBTC supply will be allocated to pre-sale buyers. The team hopes to continue the growth and momentum in the second quarter of 2024.
Introduction to Green Bitcoin
Green Bitcoin (GBTC) is a new cryptocurrency project on the Ethereum chain that offers a greener and more sustainable alternative to Bitcoin, with staking rewards for holders and a new ‘return prediction’ element including weekly challenges. .
The Green Bitcoin project was launched with a pre-sale hard cap target of $7 million in late 2023, and more than $3 million has been raised so far, with 63% of investors choosing to stake. The GBTC smart contract has been audited by Coinsult and the token has been featured in notable publications such as Cointelegraph.
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