A newly launched Bitcoin alternative is quickly making waves in the industry as investors rush to its presale, believing it can provide substantial returns due to its intuitive staking concept.
Bitcoin BSC ($BTCBSC) has already raised nearly $4 million in just two weeks, pushing the presale beyond its soft cap target.
Investors are piling into this presale as they believe its staking concept will cause a massive supply shock on the open market, forcing newcomers to pay higher prices once the presale ends.
With most of the presale tokens snatched up, here’s why BTCBSC is better than Bitcoin and why you need to get positioned swiftly.
Why are traders rushing to Bitcoin BSC during this bearish period?
Bitcoin BSC ($BTCBSC) is paying homage to the remarkable journey of BTC while introducing a groundbreaking staking mechanism to provide a passive income to stakers.
The project follows a string of successes from recent Bitcoin derivatives, such as BTC 2.0 and BTC20 – which provided upward of 5x returns for investors at its peak.
Investors are rushing to this project because its long-term prospects intrigue them.
They believe that the staking concept will alleviate the selling pressure of the token as it launches, creating a long-term utility for the project.
While most of the market sinks, Bitcoin BSC has already raised $4 million, causing the presale to breach its soft cap target.
With the soft cap reached, just 2 million $BTCBSC tokens are left to be purchased.
The tokenomics behind Bitcoin BSC mirror Bitcoin, with a total supply of 21 million $BTCBSC.
The presale pays homage to the early days of Bitcoin when there were 6.125 million $BTC circulating in 2011 for $1.
Therefore, the presale is selling 6.125 million $BTCBSC for $0.99 – allowing everybody to get in early on the $0.99 price point before a Bitcoin-like price explosion.
Once the presale ends, 14.455 million tokens will be locked into the secure and immutable staking contract, letting users earn rewards for staking.
As a result, 69% of the total supply will already be locked into the staking contract as soon as the token launches, unable to be purchased on the open market.
Furthermore, more than 2 million of the 4 million $BTCBSC already purchased in the presale are also staked – providing stakers with a 130% APY.
As you can see, newcomers to $BTCBSC will struggle to buy the token at $0.99 following the presale as there will be a supply shock on the market, forcing them to pay higher prices to get positioned.
How is Bitcoin BSC better than Bitcoin?
One of the main aspects of the Bitcoin BSC ecosystem that makes it better than Bitcoin is its stake-to-earn capabilities.
Bitcoin BSC introduces a verified staking contract that releases $BTCBSC rewards in line with the original Bitcoin block rewards schedule.
Those staking $BTCBSC earn a percentage of the rewards through the proof-of-stake mechanism,
The more $BTCBSC staked, the higher the share of the rewards received.
The staking concept helps to foster a community-driven approach, where the collective actions of stakers help to drive the prosperity of all participants.
Through staking, users earn from the passive $BTCBSC rewards and the increasing value of $BTCBSC simultaneously.
Besides the stake-to-earn rewards, Bitcoin BSC is considered an upgraded version of Bitcoin because it’s built on the Binance Smart Chain as a BEP-20 token.
This puts the project in a position to use the same codebase as Ethereum, allowing it to leverage the security and technology of the blockchain.
As a result, transaction fees for traders will be much cheaper than Bitcoin, and the network’s speed will be considerably faster.
Furthermore, as Bitcoin BSC uses the Ethereum codebase, it will be accessible through all the popular wallets, such as MetaMask and Trust Wallet. It will also be able to integrate various dApps (decentralized applications) further into its roadmap to expand its ecosystem – something that Bitcoin is incapable of doing.
In addition, the staking mechanism for Bitcoin BSC uses the proof-of-stake (PoS) algorithm, which is much more accessible than Bitcoin’s proof-of-work (PoW) mining algorithm.
As a result, investors in $BTCBSC won’t have to purchase expensive mining equipment to take advantage of the mining practice, and they won’t be paying high electricity costs as PoS is energy efficient.
Are 10x returns possible?
The guaranteed open market supply shock has experts across the board believing that Bitcoin BSC can deliver at least a 10x return following its presale.
For example, Joe Parys, an analyst with over 400,000 YouTube subscribers, has picked Bitcoin BSC as one of his top five Bitcoin alternatives to explode in the next bull run.
In addition, Corne Marchand, a popular Dutch YouTube analyst with over 70,000 subscribers, believes that $BTCBSC can provide upward of 50x returns;
The staking concept intrigues analysts as the metrics already show that most of the circulating supply will be locked away – leading to a supply shock that will result in higher prices.
Soft cap already reached – Presale expected to finish in coming days
With the presale raising $4 million and hitting its soft cap, the overflow of $BTCBSC is expected to sell out very quickly.
There are just over 2 million $BTCBSC remaining to be purchased at the $0.99 price point.
Those looking to get positioned are encouraged to be quick or face the pain of paying higher prices once the token launches and trends on popular platforms like DexTools.
Tokens can be bought with BNB, ETH, or USDT. There is a minimum purchase of $10, and $BTCBSC can be staked immediately.
With its unique staking concept and growing popularity, Bitcoin BSC is setting the stage to become one of the highest-performing Bitcoin derivatives during 2023.
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