Only when qualified miners choose to standardize and tokenize Bitcoin hashrate will BTCST tokens be issued. This is why there have been no private or public sales for the project. The sum of all BTCST tokens staked on the app determines the total supply ceiling.
The current Bitcoin Standard Hashrate Token price is $25.65 USD, with a 24-hour transaction volume of $36,388,150 USD. Our BTCST to USD pricing is updated in real-time. Bitcoin Standard Hashrate Token is up 16.17% in the last 24 hours. With a live market cap of $292,848,491 USD, the current CoinMarketCap ranking is #179. It has a circulating supply of 11,417,110 BTCST coins and maximum availability of 15,000,000 BTCST coins.
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The purpose of BTCST is to provide liquidity to the Bitcoin mining market. This will provide consumers with low-cost access to mining rewards and hashpower of any scale. The app’s ultimate purpose is to boost mining power markets’ volatility and efficiency.
On December 13, 2020, the Binance Smart Chain (BSC) released the Standard Hashrate Token of Bitcoin (BTCST). Bitcoin’s (BTC) hashrate serves as collateral, with each token reflecting 0.1 TH/s of Bitcoin mining power at a 60 W/TH efficiency.
Miners donate their processing power to the platform in exchange for newly issued BTCST tokens, as a result.
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BTCST is a cloud mining system that runs on the Binance Smart Chain. It provides daily dividends through a decentralized network. The BTCST is managed by a decentralized autonomous organization (DAO). Token holders, miners, and the broader token community collaboratively decide on project-related material concerns. On-chain, all proposals, votes, and outcomes are recorded and made public.
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The BTCST cryptocurrency is supported by industrial-scale Bitcoin miners, who combined comprised 12% of BTC’s worldwide hashrate as of February 2021.
What Makes Bitcoin Standard Hashrate Token BTCST Unique?
The trading phenomena or exchanges required for easing the business over Bitcoin Standard Hashrate Token (BTCST) includes; Binance, VCC Exchange, WBF Exchange and lastly PancakeSwap
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The BTCST cryptocurrency was first released on December 13, 2020, with a total amount of 1,000,000 tokens. It has a circulating supply of 589,388 BTCST and a maximum supply of 1,500,000 BTCST as of March 2021.
The Binance Pool functions as BTCST’s auditor, ensuring validity and clarity. BTCST is an asset protocol that integrates Bitcoin hashrate assets to DeFi while also serving as a platform for other DeFI trading, leasing, and financing protocols.
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact BTCST’s price and market cap.
After elevating up to 100% in just a matter of a certain transitional month, cryptocurrencies have suffered an intense depreciation due to their vulnerable market nature. Bitcoin Standard Hashrate Token BTCST tokens have been increased to a new all-time high of almost $25.65 U.S Dollars per token, despite the recent fluctuation and uncertainty factor the trading market is going along.
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Bitcoin Standard Hashrate Token BTCST Official Website –https://www.btcst.finance/
Bitcoin Standard Hashrate Token BTCST Twitter –https://twitter.com/btcst2020
Bitcoin Standard Hashrate Token BTCST Reddit –https://reddit.com/r/BTCStandardHashrate
Bitcoin Standard Hashrate Token BTCST Medium –https://btcst.medium.com/
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