Crypto Titans are Betting Big on This ‘Eco-Friendly’ Bitcoin Alternative – $9 Million Raised Already

Tim Hakki
Last updated: | 2 min read
Green Bitcoin is pioneering green gamified staking.

Eco-friendly Bitcoin alternative Green Bitcoin (GBTC) has raised a tidy $9 million barely three weeks into an ongoing presale.

Green Bitcoin is a predict-to-earn staking protocol. The team behind it calls it “gamified green staking.”

How it works is simple, to get $GBTC rewards on the protocol, users have to buy $GBTC tokens and then stake them on the protocol to begin playing the price prediction game.

Users then make daily predictions on Bitcoin, for instance, whether it will go up or down within 24 hours.

Every 24 hours, those who predicted correctly earn a share of rewards from the daily staking reward pool proportionate to the amount of $GBTC tokens they staked.

Holders can stake tokens for up to six months to earn even bigger rewards. Staking is a fundamental part of Green Bitcoin’s tokenomics. By reducing GBTC’s circulating supply, staking helps drive the price over the long term.

Green Bitcoin (GBTC) and Bitcoin (BTC): Similarities and Differences

The $GBTC token has a hard cap of 21 million, a clear nod to its inspiration, Bitcoin.

Having a hard cap on the number of tokens in circulation creates value by ensuring scarcity.

However, Green Bitcoin sets itself apart from its inspiration by its greener energy consumption. To start with, the Green Bitcoin is on Ethereum, which uses a Proof of Stake (PoS) consensus mechanism, meaning the $GBTC token is cleaner and more efficient than its namesake.

Green Bitcoin consumes just 34 watt-hours (Wh) per transaction compared to Bitcoin’s 1,173,000 Wh.

$GBTC and Bitcoin’s Upcoming Halving

This year, 2024, will surely go down as the most significant year since Bitcoin’s launch in January 2009. Bitcoin fans and nerds may argue that the 2021 bull run is what got us to where we are today, with eleven spot Bitcoin ETFs that are currently the talk of Wall Street, a new all-time high of nearly $74k posted a fortnight ago.

Bitcoin today is casually trading above its former all-time high of $69 and many analysts say it could climb to new highs in the coming months, perfect for anyone wanting to get into gamified green staking.

That’s because on April 19 is Bitcoin’s fourth quadrennial halving. The halving is an event predetermined by Bitcoin’s code that slashes miners’ rewards in half. There are thirteen halvings before miners will have mined the total supply of BTC.

Then, they’ll have to subsist on a transaction fee model.

The basic law of supply and demand dictates that when there is a supply squeeze at times of high demand, commodities become more valuable. Bitcoin halvings have historically preceded bull runs and analysts believe this year will be no different, thanks to the noise on Wall Street about Bitcoin ETFs.

All told, it’s set to be a volatile year for Bitcoin, perfect for anybody who wants to partake in Green Bitcoin’s gamified green staking.

Get involved by visiting the official Green Bitcoin website and connecting a crypto wallet.

1 GBTC presently costs $1.1062, with the price due to rise in a little over six days.

There are still a few weeks left of the presale, and the token could rally sharply by the time it’s listed on major exchanges.

Get in early and Buy Green Bitcoin Now

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.