Traders Are Buying This New Staking Coin With 10x Potential – The Next Bitcoin?
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A newly launched staking coin with big potential is making waves in the crypto space.
Bitcoin Minetrix, a decentralized cloud mining platform, just launched a presale of its native $BTCMTX token.
The platform is introducing an innovative new stake-to-mine mechanism – $BTCMTX owners who stake their tokens will earn mining credits.
These mining credits can then be used to earn a portion of Bitcoin Minetrix’s Bitcoin mining operations.
However, in addition to token stakers earning a yield in the form of cloud mining credits, $BTCMTX stakers also earn yield in the form of tokens allocated by the protocol for community rewards.
As per the project’s official staking dashboard, rewards are currently being dolled out at a massive APR rate of over 2,000%.
Bitcoin Minetrix has already been able to raise an impressive near $350,000, despite launching its presale just days ago and investors should move quickly so as not to miss out on these big rewards.
A Decentralized Solution to Bitcoin Cloud Mining Banishes Fraud
There are plenty of cloud-mining outfits out there, but none are fully decentralized.
BTC Minetrix’s unique selling point is in effectively tokenizing cloud mining and harnessing the many advantages that it gives it over competitors.
With Bitcoin Minetrix there is no need to worry about fraud because everything is handled by on-chain smart contracts, and no cash changes hands.
Bear in mind, too, that Bitcoin Minetrix’s smart contract is fully audited by Coinsult – it passed with no major issues.
Smart contract automation makes withdrawal of funds super easy, as does earning credits and empowering individual stakers to decide how much mining they want to engage in and when.
Bitcoin Minetrix takes the complication and expense out of mining. You don’t need to understand how difficulty is calculated or how to keep your client software up to date.
What’s more, there’s no need to make a considerable capital outlay and be exposed to the risk of making a loss on your business undertaking.
10x Potential?
Crypto analysts have been singing Bitcoin Minetrix’s praises since the launch of its presale.
Popular British presale analyst Jacob Crypto Bury thinks $BTCMTX has 10x potential.
Meanwhile, both Zach Humphries and Michael Wrubel have hailed the project as an innovative new approach to Bitcoin mining.
Bitcoin Minetrix will be using 42.5% of the proceeds of its presale to invest in Bitcoin mining, 35% for marketing, 15% for community rewards and 7.5% for staking.
Get in On 2023’s Best Staking Coin Early
Its innovative approach to the tokenization of Bitcoin cloud mining to produce a yield for its stakers positions $BTCMTX as potentially one of 2023’s best staking coins.
And investors need to move quickly if they want to lock in their $BTCMTX tokens before the price rises.
When the presale hits $3.08 million, the token price will rise from $0.011 to $0.0111, before eventually ending the presale at $0.0119.
Bitcoin Minetrix is in phase 1 of its four-part roadmap. After the presale phase, the other three phases commence, encompassing development, launch, and mass adoption.
Although not scheduled until phase 2 and 3, talks with cloud providers and work on the stake-to-mine dashboard for app and desktop has already started.
To buy the $BTCMTX token you will need ETH, USDT, BNB or a bank card. If you plan to purchase with ETH you can start staking-to-earn straightaway.
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.
