Tuesday, September 5th, 2023 – While the Bitcoin price stalls around $25,000, there are happier hunting grounds in the ‘Bitcoin clone’ space, where today, crypto presale Bitcoin BSC launches its stake-to-earn coin.
Although the world’s premier cryptocurrency, Bitcoin, might be struggling to hold its footing above the $25k level, after positive sentiment concerning the prospects for a spot bitcoin dissipated, Bitcoin clone derivative coins are faring much better.
For instance, over the past three months, the Bitcoin Cash (BCH) fork from Bitcoin is up 73%, while Bitcoin has fallen -2.3% in the same time frame.
Meanwhile, a similar staking-based bitcoin derivative coin to Bitcoin BSC, BTC20, which launched a month ago, is up 52% (see chart below).
In fact, BTC20 hit an all-time (ATH) intraday high of $6, equating to a 688% 7x gain on its $1 presale and listing price.
Yet another bitcoin clone derivative, this time BTC2.0, rose to an ATH of $1.06 to register a return of 538x, although the price has retraced markedly from its peak.
Staking is the Bitcoin BSC not-so-secret weapon for success
Bitcoin BSC aims to match, or beat, the success of all of these Bitcoin clone coins, and to achieve that end it has a not-so-secret weapon – staking.
While the performance of BTC2.0, not to be confused with BTC20, since its heights has been somewhat underwhelming, there has been more of a steady-as-she-goes approach by the likes of BTC20.
That’s probably largely down to the ballast effect of staking, which bears down on any selling pressure that may emerge at listing.
In this way, Bitcoin BSC seeks to emulate BTC20 by adopting a similar design and strategy, providing the price with a stable platform for take-off.
Like BTC20, Bitcoin BSC has staking utility built into its design from the outset.
However, it should be noted that there is one important difference between Bitcoin BSC and BTC20 – Bitcoin BSC is a BEP-20 BNB Smart Chain-compliant token, and BTC20 is an ERC-20 Ethereum-compliant token – hence the BSC in the name.
Staking has been popular in the crypto DeFi space, but enthusiasm waned in the aftermath of high-profile implosions of staking ecosystems such as Terra Luna.
However, the attractiveness of transparent staking that has a clearly defined source of yield, unlike the opaque algorithms in use on Terra Luna, has not gone away.
With $BTCBSC, which runs on the BNB Smart Chain, the yield is paid out over a 120-year period, in line with Bitcoin block confirmations. Altogether, 69% of the total token supply is allocated to distribute as rewards.
Staking provides token holders with a way of earning token rewards in proportion to how many coins of the total pool they deposit into a staking smart contract and the time they choose to stake for.
It is this staking feature that will deliver price support while offering both positive capital returns and income yield to network participants.
Bitcoin BSC staking is operative now, even before the coin lists on the decentralized exchange PancakeSwap.
You can keep an eye on how many token holders are staking by visiting the real-time Bitcoin BSC staking dashboard.
Also, keep up-to-date with all project developments on X (formerly Twitter) and the Telegram channel.
Buy Bitcoin BSC early at the low price of $0.99 – the bitcoin price in 2011
$BTCBSC can be bought today for $ 0.99 – the same price the Bitcoin was at back in its 2011 early days, and a far cry from the $25,7000 it will cost you to purchase Bitcoin at today’s prices.
Bitcoin BSC’s comparatively low price means contributors to the presale could be sitting on substantial upside potential when the Bitcoin halving bull run takes off.
The four-yearly event that sees block rewards halved on the original Bitcoin network has previously ushered in mind-melting bull runs.
This halving is expected to have the effect of lifting all boats – especially the prices of quality Bitcoin clone derivative coins such as $BTCBSC.
Bitcoin BSC has the same total token supply as Bitcoin – 21 million. Of that total supply, 29% is up for grabs through the presale of 6,125,000 tokens, meaning BTCBSC has an initial market cap of $6,063,750.
Two percent of the supply is reserved for DEX liquidity provision to guarantee smooth trading at launch and beyond.
The remaining 14,455,000 BTCBSC tokens (69% of supply) is reserved for staking rewards, which are paid out every 10 minutes as new blocks are added to the chain.
At that token emission rate, the maximum supply will be reached in about 120 years – the same time frame as Bitcoin.
Presale and post-presale investors can buy and stake tokens at any time with a 7-day lock on withdrawals.
Bear in mind that because BTCBSC runs on the BNB Smart Chain, to buy and stake in the presale, you will need to use BNB for your purchase. However, those buying with ETH today can start staking after the presale ends.
Faster, cheaper, more powerful and expandable than other Bitcoin clones
Still, staking is not the only advantage BTCBSC has over Bitcoin and the larger-cap clone coins such as Bitcoin Cash, and Bitcoin SV.
For one thing, $BTCBSC uses a proof-of-stake protocol, which means it runs on a much more scalable blockchain that is also cheaper and more efficient to transact on.
Because BTCBSC is built on the BNB Smart Chain, transaction fees are less than $0.10, compared to around $10 on Bitcoin and approximately $20 on Ethereum, depending on network conditions.
Another advantage BTCBSC has is its fast transaction speeds, which are typically less than 5 seconds compared to 10 minutes for Bitcoin, BCH, and BSV.
BNB Smart Chain is capable of running applications, too, so there’s no limit to future development possibilities for Bitcoin BSC.
Bitcoin BSC has a lot going for it, and with only $3,960,000 being raised in the presale, demand is sure to be robust.
Crypto market prices are generally becalmed, but there are waters where the current is much healthier. In the Bitcoin derivative clone sector, there’s all to play for as far as bagging out 10x gains goes.
Get in early, and the rewards will not just accrue to long-term stakers earning a generous APY, but also to those who want the chance to access life-changing returns.