Bitcoin Minetrix, a revolutionary bitcoin cloud mining token, recently launched on DEXs after raising $14 million in presale. The token’s price is expected to surge following the announcement of a 400,000,000 token burn, equivalent to 10% of the total supply of 4 billion tokens. Speculation suggests that a possible buyback campaign may follow the burn to drive prices higher, although the extent of this initiative is unknown at present. Token holders are anticipated to benefit from these supportive price initiatives, which are likely to increase the value of the token in the market.
The initial offer price of $BTCMTX in presale was $0.011, but the token is currently trading at a discount due to profit-taking triggered by what the team refers to as “unwarranted FUD.” However, the unexpected drop in the bitcoin price during the launch period is believed to be a contributing factor to the decline in the token price. Despite the sell-off by early presale buyers, liquidity worth $887,000 has been locked for 11 months on the Uniswap decentralized exchange V3 pool, offering added protection for market participants who are assured of the team’s long-term commitment.
Nearly a quarter of the total supply of 4 billion Bitcoin Minetrix tokens is currently staked, helping to mitigate downward pressure on the token price. Staked tokens receive an estimated annual reward of 52%, making them an attractive investment option. The current price of $BTCMTX is $0.0071, and it is expected to establish a price floor that will attract more buyers as the project’s value proposition becomes more prominent. The upcoming halving cycle is predicted to create a supply shock that will drive bitcoin prices higher and increase the valuations of bitcoin-related tokens like $BTCMTX.
Following the conclusion of the presale raise, the Bitcoin Minetrix platform will enter the building phase and update its roadmap. The introduction of tokenization in the cloud mining business offers significant advantages over competitors, such as eliminating fraud and lack of transparency in mining contracts. With Bitcoin Minetrix’s stake-to-mine protocol, token holders have control over their mining activities and can stake tokens to claim cloud mining credits based on their stake proportion in the pool. The unique features of Bitcoin Minetrix have attracted significant investment, offering investors the opportunity for a passive income stream and substantial capital returns.
As the mining sector becomes more competitive due to the halving of bitcoin rewards, Bitcoin Minetrix will have access to competitively priced mining partners. The project’s stake-to-mine protocol presents the potential for a steady passive income stream and significant capital returns for patient medium and long-term investors. Investors are eagerly awaiting further details about the project’s roadmap and mining partners, as the project aims to capitalize on efficiency and capital investment in the mining sector. Bitcoin Minetrix stands out in the market as a project offering real-world utility and a solid use case, attracting investors looking for substantial returns in the crypto space.
