Each stage will see an incremental increase in token price, ranging from $0.0110 per token in the first stage up to $0.0148 for the final stage. There is an option to buy $BTCMTX tokens with BNB and MATIC but it’s not recommended as you won’t be eligible to earn staking rewards during the presale. The Bitcoin Minetrix native token is $BTCMTX, which is an Ethereum-based ERC20 token. This means you need an Ethereum-compatible crypto wallet to purchase the tokens. Staking $BTCMTX will, at the time of writing, offer an annualized percentage yield of 59%. Staking the token also allows users to generate Bitcoin mining power, which can be converted to earn BTC.
Furthermore, since it addresses the existing shortcomings of the cloud mining ecosystem, it offers a more secure and transparent way to mine Bitcoin. Considering these factors, we can say that Bitcoin Minetrix is a good investment. However, we recommend investors do their own research beforehand. Known as stake-to-mine, this perk removes the cost and transparency related roadblocks from cloud mining by tokenizing it.
This feature will likely motivate investors to stake their tokens in a bid to get access to mining perks and earn passive rewards. In the presale, 12.5% of the rewards generated by stakers will be https://www.crypto-trading.info/ reserved for rewards. By doing this, the community can stake their BTCMTX tokens immediately. Native to this crypto project is the $BTCMTX token, which you use to earn Bitcoin mining credits.
How To Buy Bitcoin Minetrix in 2024 – Conclusion
Since Bitcoin Minetrix is a revolutionary crypto project with a stake to mine, it is difficult to determine its exact price potential. That, however, is one of its greatest strengths, as pioneering protocols often set the pace and lead to tremendous growth. A pop-up window will display details regarding the gas rate and ETH required to complete the transaction. Those who wish to stake immediately may use the ‘buy and stake’ function, which will stake their $BTCMTX immediately to begin earning credits for cloud mining. Decentralized mining provides a transparent, secure mining experience by safeguarding users’ actions.
The Bitcoin Minetrix project aims to raise $15 million with the token presale, according to the Bitcoin Minetrix whitepaper. Of the total supply of 4 billion tokens, the proceeds of 42.5% of the tokens sold in the presale will be used to fund the Bitcoin mining operations. The remaining funds will be used for the staking rewards, marketing and community initiatives. All you need is $BTCMTX tokens, native to the Bitcoin Minetrix project, which you can stake to earn Bitcoin mining credits.
Should you wish to stake tokens and earn annual percentage yield (APY) – which currently sits at 59% – then select the ‘Buy and Stake for xxx Rewards’ button. Bitcoin Minetrix has introduced a unique stake-to-mine feature, making it hard to directly compare its potential price trajectory with other cryptos. This unique utility could find a good product-market https://www.cryptominer.services/ fit and attract more users over time. Bitcoin Minetrix is disrupting the traditional cloud mining ecosystem with its Stake-to-Mine feature. As an ERC-20 token, $BTCMTX aims to resolve the drawbacks of cloud mining contracts by introducing a stake-to-earn model. Bitcoin Minetrix is a hot new project in the crypto space, focusing on cloud mining.
How to invest in $BTCMTX?
The project quickly raised over $4.3 million in just a few months of its official launch. Buyers can grab the $BTCMTX tokens for only $0.0118 in the ongoing presale phase. With $BTCMTX tokens initially priced at $0.0118 in the presale, the prices will rise after each stage. Looking at the initial presale response, the project seems well-poised for future growth.
When the mining process is complete, mined Bitcoins are transferred to the user’s wallet. Bitcoin Minetrix is an innovative stake-to-mine project where you stake $BTCMTX tokens to earn mining credits, which you can exchange for Bitcoin. The project is currently in the presale stage where you can buy $BTCMTX tokens at a price of $0.0132.
- Being centralized, cloud mining ecosystems beholden users to a single provider.
- The tokens will be locked into a staking pool, offering an impressive current APY of over 138%.
- Desktop wallet users can pick among Ledger, Zerion, Ambire, Infinity, NOW Wallet, BC Vault, Metamask, and more.
- If Bitcoin trades at $1 million, that would be a move of over 2,000% from current prices.
- Hence, it is not surprising that it has been able to earn the interest of scores of crypto whales, raising o $3.8 million to become one of the best crypto presales in the market.
- Secondly, the presale has 20 stages, which means the project will create a lot of awareness in the crypto space once the presale concludes.
We deep dive into this project and explain how it works, what it means to buy the token presale and how to buy Bitcoin Minetrix tokens. Another perk of Bitcoin Minetrix comes from its ongoing presale. Being part of a 20-staged presale, Bitcoin Minetrix gives ample opportunities to make gains even before the token lands on cryptocurrency exchanges.
Bitcoin Minetrix Tokenomics and Presale
You can withdraw ETH from the eToro Money wallet by copying and pasting the MetaMask wallet address. After you confirm the transaction, a fee of 0.33 LTC will be charged as a gas fee. You can find all the information about the MetaMask wallet by checking our how-to set up a crypto wallet education guide. According to the company’s website, 42.5% of tokens will be utilized for mining operations. The proposal is described as a ‘reliable solution’ for those who believe in the cryptocurrency market and is the next step in Bitcoin mining. Cathie Wood, the Founder and CEO of ARK Investment funds, sees Bitcoin trading at $1 million by 2030.
We recommend using MetaMask because this is one of the most popular crypto wallets. But if you already have another Ethereum wallet, it will do the job just as well. The information on this website is for educational purposes only, and investing carries risks. Always do your research before investing, and be prepared for potential losses. The presale has already raised more than $11 million and will run for 39 stages. The soft cap is set at $15.6 million for 1.4bn tokens and the hard cap at $32 million if the full presale sells out.
As a result, when Bitcoin’s price surges in the upcoming bull cycle, Bitcoin Minetrix is sure to gain benefit from it. Bitcoin Minetrix is one of the closest Bitcoin equivalents that we have today. It doesn’t necessarily walk the same path https://www.topbitcoinnews.org/ as the old Bitcoin, which earlier presale cryptos that were released this year have done. Check out our guide to discover other great coins to stake this year. We already talked about how environmental concerns are pushing people to stake.
Is cloud mining different from Bitcoin Minetrix?
These credits can be redeemed for Bitcoin mining on the platform. Bitcoin Minetrix deploys a new-age approach to cloud mining, offering a unique ‘Stake-to-Mine’ feature. This model allows users to stake $BTCMTX tokens, earn cloud mining credits, and ultimately mine Bitcoin with minimized risks and costs. Other than giving users access to a unique cloud mining ecosystem, Bitcoin Minetrix also offers a standard staking utility.
It is less likely that Bitcoin Minetrix will retain its upward momentum post-listing. However, it is possible that this token will bounce to stabilize at a high level in 2024.
The tokenization of the process offers a sea change in security and the ability to take part in the potentially lucrative ecosystem. Bitcoin Minetrix solves all those issues by tokenizing the process and allowing users to keep control of how much they want to stake and for how long. It was initially set up as a way for groups of people or organizations to club together and rent or pay for computing power and energy consumption, with profits distributed. This removes the need to pay further cash or enter into fixed-term contracts with cloud mining firms – many of which have turned out to be scams in recent years.
You can also buy them with BNB and MATIC, but you won’t be able to earn any staking rewards during the presale if you buy with these two coins. $BTCMTX tokens are available via the Bitcoin Minetrix token presale. Connect your MetaMask wallet and use ETH or USDT to buy $BTCMTX tokens with a minimum purchase of $10. Bitcoin Minetrix is a crypto project that aims to simplify Bitcoin mining. At the moment, Bitcoin mining isn’t financially viable for everyone.