How To Buy Bitcoin Minetrix Coin Buying Guide 2024
A new window will appear asking how many tokens you intend to stake and for how long, with rewards available until the presale ends and beyond. Bitcoin Minetrix ($BTCMTX) is a high-potential new crypto presale and the very first stake-to-mine project to come to market. Start with setting up an ERC-20 compatible wallet like MetaMask. Navigate to the official Bitcoin Minetrix website and connect your wallet. Moreover, a high APY of over 138% offers early stakers an opportunity to compound returns even before the presale ends.
In other words, BTCMTX provides exposure to the price of Bitcoin since it is a Bitcoin mining project. Stake to Mine, a concept based on Play to Earn (P2E), aims to open up Bitcoin mining to retail investors due to the dominance of large corporations in the crypto mining industry. This project has a total supply of 4,000,000,000 BTCBMX, and its creators https://www.cryptominer.services/ have set a goal of raising at least 15 million dollars through their presale. They have allocated 70% of this number for the 10 stages of their ICO. This also plays a part in why purchasing $BTCMTX tokens during the presale could be a lucrative option. MetaMask is one of the most popular crypto wallets, which we recommend using in this case.
His expert commentary has been featured in Fox Business, MSN Money and MediaFeed. The $BTCMTX token has a soft cap of $17,500,000 from 1.4 billion tokens. It’s hard to determine the market cap post-launch, but it’s likely that this will be the initial market cap.
Why Buy Bitcoin Minetrix Token During the Presale?
In this Bitcoin Minetrix price prediction forecast, we analyze its promising future potential. Bitcoin is expected to explode to $148k in the next bull cycle, which will likely happen in 2025. Since Bitcoin Minetrix may become a big part of Bitcoin’s cloud mining ecosystem by this time, Bitcoin’s bull run may have a positive impact on the BTCMTX price. Since the last bull run pushed the best crypto assets closer to their all-time highs, we can expect the same from Bitcoin Minetrix.
If Bitcoin trades at $1 million, that would be a move of over 2,000% from current prices. It’s hard to forecast the price of $BTCMTX at this point as the project is still in its early stages. Keep in mind, the APY won’t stay that high for a prolonged period of time. This makes staking early during the presale a potentially prudent move. This marks a 34% difference in token price, meaning those who purchase tokens in the early stages will lock in a potentially better token price.
- The presale has already raised more than $11 million and will run for 39 stages.
- Lastly, staking allows end-users to manage their allocations in a more secure and decentralized way, thanks to the capabilities of Ethereum’s smart contracts.
- Depending on how many tokens are sold in the presale, this could be one of the token’s market caps when it’s listed on exchanges.
- Both of those factors could create positive conditions for the crypto market.
- The presale will run for 39 rounds – tokens currently cost $0.0137.
This mechanism lets users earn cloud mining credits, which can be redeemed for Bitcoin mining power. Bitcoin Minetrix is a blockchain cloud mining ecosystem that makes use of ERC-20 tokens. There is no money changing hands, and mining power is earned through staking.
Does Bitcoin Minetrix have the capacity to attract the attention of prominent exchanges after its ongoing presale?
That’s because you need expensive hardware and electricity to mine it. The tokenomics are designed for long-term sustainability, with allocations aimed at mining, marketing, community engagement, and staking rewards. The remaining 10% of the token supply has been set aside for liquidity purposes.
This article provides a beginner-friendly, step-by-step guide on how to buy Bitcoin Minetrix tokens. The fourth shortfall is that mined crypto is subject to market volatility. While it is natural, there is no secondary crypto that users could use to hedge these market risks. These issues have brought on the surge of many bad actors, which has led many investors to lose faith in cloud mining, regardless of its benefits. The cloud mining system has caught the attention of many investors who don’t have the technological savviness or the money to manage mining hardware. However, legacy cloud mining system has an array of issues that have long been unaddressed.
That’s because a lot of presales see an increase in price when the token is listed on exchanges after the presale phase ends. However, you can stake them and earn a 66% annual percentage yield. As soon as the token presale ends, you’ll be able to claim your tokens.
Step 5: Stake $BTCMTX Tokens
Most looking to increase their gains even further will consider staking their BTCMTX tokens. Through this approach, Bitcoin Minetrix essentially tokenizes cloud mining. With no centralized body involved, this form of cloud mining is community-controlled. Here, the model is basically contributing to Bitcoin’s hashing power from the Ethereum network. The core of this project is to address the shortcomings of the cloud mining ecosystem.
That showcases the interest people have in this project and positions it as one of the cryptocurrencies with great potential. Users don’t have any control over a centralized cloud mining process. They have to rely on pre-build packages, which means their mining times are limited. And once mining is complete, investors have to go through multiple hoops to get their Bitcoins.
The tokenization of hash power has several major advantages, including that users retain full control over funds. Visit bitcoinminetrix.com and select the ‘Connect Wallet’ button which can be seen in orange. Select MetaMask or an alternative and then follow the steps to make the connection, filling in your password etc. Here are some easy steps to buy and stake Bitcoin Minetrix during its 10-stage presale. Thus, the earlier you enter through the presale, the lower the price of $BTCETF.
Step 2: Purchase ETH, USDT or BNB
And with Bitcoin Minetrix’s unique buy-and-stake facility, early movers can further compound their gains. BTCMTX is an ERC-20 token that investors need to stake in order to gain mining credits. However, they are non-transferable and needed to be burned in order to get cloud mining power. The biggest price driver is the project’s unique utility – staking and mining combined. While Bitcoin mining is more profitable, staking is more viable for retail investors. By converging these concepts, Bitcoin Minetrix is bringing the best of both worlds.
This could be a game-changer in the Bitcoin mining space, especially when the new crypto bull run starts and pushes Bitcoin prices higher. Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best https://www.cryptonews.wiki/ deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market. He’s written over 1,000 articles to help readers understand complex crypto and investment subjects, as well as to find the best cryptocurrency products to meet their needs.
Centralization, upfront costs, and a high probability of fraud are major deterrents to cloud mining. Many believe that the issues with the legacy cloud mining technology are some of the few reasons people ask if it is too late to buy Bitcoin. Built on the top of the Ethereum blockchain, Bitcoin Minetrix is currently available as a presale at bitcoinminetrix.com.
Whenever crypto concludes its presale, the first aspect to look at is where it is going to be listed. Getting listed on tier-1 exchanges gives the crypto’s price a major boost. Binance listing, for instance, is considered the biggest growth https://www.coinbreakingnews.info/ driver for many cryptos. Many cryptocurrency developers covet Binance listing in hopes of seeing a pump in their crypto’s price. Furthermore, as the Bitcoin price goes up, the pin will move towards greed in the Fear and Greed Index.
