Bitcoin Minetrix ($BTCMTX) Raises $2.7 Million With Just Three Days to Go – Why Are Whales Backing This Token?
The Bitcoin Minetrix ($BTCMTX) presale continues to fly as the project raises $2.7 million in its first month, demonstrating the building hype for the Stake-to-Mine ecosystem.
Whales are positioning themselves as early as possible, evidenced by the speedy rise to $2.7 million.
With just three days to go at the current price point, let’s look into why whales are heavily backing this token.
What you'll learn 👉
Bitcoin Minetrix Raises $2.7 Million as Traders Rush For Early Adoption Prices.
Bitcoin Minetrix has raised $2.7 million in its first month of being live as traders rush to get positioned at early adoption prices.
Bitcoin Minetrix introduces a novel stake-to-mine concept into its ecosystem that helps users mine Bitcoin through a tokenized system.
The project intends to revolutionize the cloud mining infrastructure to allow everyday users to mine BTC in a decentralized manner while removing the risk of third-party mining scams.
With its impressive surge to $2.7 million in just one month, it’s clear that early backers are expecting Bitcoin Minetrix to become a disruptive force in the BTC mining space.
Revolutionizing Cloud Mining Infrastructure
Bitcoin Minetrix is on a mission to revolutionize the cloud mining infrastructure through stake-to-mine.
Cloud mining isn’t a new concept in the industry. It allows users to mine $BTC without needing to own or maintain expensive mining equipment.
Instead, users can just rent a portion of the computational power in a dedicated mining center.
As a result, individuals can gain exposure to $BTC mining without huge hardware costs, high electricity bills, resale worries, or noise pollution.
Although the ease of entry into cloud mining is relatively low, there are prevalent scams within the industry that often leave miners short on their expected earnings.
In addition, individuals are often locked into long-term contracts by centralized cloud mining services to secure their position in the mining center.
This is what Bitcoin Minetrix intends to revolutionize.
Bitcoin Minetrix wants to tokenize the entire process of acquiring hashing power to ensure users are in full control of their funds at each stage of the mining process.
The tokenization also removes the need for long-term cash deposits to secure mining time, as all hashing power is acquired through staking the $BTCMTX token.
Furthermore, all the user allocations from mining are handled transparently by smart contracts, ensuring users are never left short on their mining earnings.
The smart contracts for the project have been audited by Coinsult, providing additional security for early adopters.
Earn Double the Rewards With Staking and Mining
The best part for $BTCMTX investors is that they earn double the rewards through staking and mining.
To start earning, users have to buy and stake their $BTCMTX tokens to earn Mining Credits.
These Mining Credits are non-transferable ERC-20 tokens that can be burnt on the platform in exchange for mining time.
The mining time provides one passage of earning through $BTC earned.
However, staking $BTCMTX tokens also provides an APY return of its own, doubling the rewards for investors.
Currently, those staking their $BTCMTX are earning 220% on their holdings;
Of course, this high APY is expected to fall as more users enter the staking pool, but it is still likely to be much higher than traditional staking ecosystems, which provide around 10% APY.
Get Positioned Today Before Prices Increase
The $BTCMTX token is expected to sell out rather quickly, with the presale currently blazing through its milestones.
The presale is split into ten separate stages, with the current stage selling the token for a price of $0.0113.
However, the rising pricing strategy means that the cost of the token will increase in just three days – limiting your opportunity to get positioned at discounted prices.
After raising $2.7 million in just a month, it’s apparent that whales are expecting huge returns from the token, with some predicting beyond 20x returns.
For example, popular YouTube analyst Michael Wrubel – with over 300,000 subscribers – recently stated that he’s exceptionally bullish on the future of Bitcoin Minetrix;
The community for the project is also gaining increased growth, with the Telegram attracting over 3,500 users and the X (formerly Twitter) account approaching 5,000 followers.
With just three days to go, time is of the essence to get positioned at these discounted prices.
Overall, with its unique approach to mining through staking, Bitcoin Minetrix has the potential to revolutionize the cloud mining sector ahead of the next Bitcoin block halving.
With the mining industry expected to grow by $12 billion by 2027, Bitcoin Minetrix will be the only decentralized player in the sector with transparent mining returns.
If it can position itself as an established player in the sector by then, the project has a chance for long-term success.
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