Green Bitcoin ($GBTC) is a new cryptocurrency that combines the brand label of Bitcoin with the energy efficiency of the Ethereum blockchain in a novel GameFi ecosystem.
The presale of $GBTC is now live at discounted prices.
In stark contrast to the dozens of hollow tokens spawned into the market every week, the project presents a creative staking system based on Bitcoin price action.
What you'll learn 👉
A Gamified Green Token
Green Bitcoin is a gamified eco-friendly token that offers attractive opportunities for generating passive as well as active, yet fun side income. The rewards you can earn from the platform depend on the level of investment you make, as well as the duration you wish to stay committed to the ecosystem.
The platform hosts weekly challenges based on BTC price prediction. The prediction contests are aimed at fostering engagement and activity within the ecosystem. Green Bitcoin’s primary objective is to deliver a gripping crypto experience that’s environmentally conscious.
To bring this to fruition, it blends GameFi elements that are accessible to everyone.
$GBTC’s green features can be interpreted in two ways.
The first of these is the project’s integration of a Proof of Stake (PoS) consensus mechanism. Since it is based on the Ethereum blockchain, the energy efficiency is 10,000 times better than that of the original Bitcoin blockchain.
The staking mechanism also reflects the green label of the project as correct predictions earn rewards for participants whenever they are in the ‘green zone’.
Daily Price Prediction Contests
Green Bitcoin’s key feature is its staking mechanism known as Gamified Green Staking, which is centered around daily price prediction contests.
By joining the daily contests, token holders can keep track of Bitcoin’s market activity and forecast daily price movements. To participate, all it takes is to stake $GBTC tokens in the platform. Once that is done, participants can predict the following day’s Bitcoin price movement.
If the prediction is proven to be accurate, the participant will earn a share of the daily staking reward pool. It is determined by the number of tokens staked.
For Green Bitcoin, staking based on daily challenges is a tool to drive community engagement while limiting the token’s availability in the open market. The controlled scarcity is designed to positively impact the token’s price dynamics and foster a competitive yet generously rewarding environment for the community members.
5.8 Million $GBTC Tokens Dedicated to Staking Rewards
A large reward pool of 5.8 million $GBTC tokens has been allocated for the staking system. To give you a better perspective, it constitutes 27.50% of the total token supply. It underscores the project’s commitment to prioritizing the community’s interests.
It is important to note that the $GBTC reward pool is structured to deplete over a two-year span. The pool will be exhausted on December 31, 2025.
$GBTC rewards accrue every 10 minutes, aligning with Bitcoin’s average block time.
BTC price predictions must be submitted before 11:30 PM EST daily. As the clock strikes midnight EST, a new round begins. Participants can stake $GBTC tokens and make new price predictions after 12:00 AM.
When it comes to determining winners and their rewards, stakes placed throughout the day are compared against the actual price movement at midnight. After that, a portion of the day’s mining fee rewards are distributed among those who made accurate predictions based on their contribution.
Being based on a crypto payment system, participants can claim their daily rewards within each 24-hour cycle. More importantly, price predictions are not random bets. A good investor or trader can leverage their market insights and research to earn reliable rewards daily from the platform.
For the same reason, Green Bitcoin sets itself apart from popular crypto platforms like casinos and sportsbooks that are heavily reliant on speculation.
Long-term Participation Boosts Rewards
$GBTC’s innovative staking program is centered on Bitcoin price predictions.
But its benefit is not limited to fostering community engagement. It also seeks to support $GBTC’s price dynamics by limiting the number of tokens in the open market.
$GBTC encourages extended staking to incentivize commitment and reward long-term participation, as a result. In other words, users who stake their $GBTC tokens for longer durations qualify for extra benefits. The bonuses increase in line with the staking period’s length.
The emphasis is not just on the duration tokens remain staked, but also on the quantity staked.
Don’t Miss the Presale
The $GBTC presale commenced on December 6, 2023, giving retail investors an opportunity to secure the tokens for heavily discounted prices.
Staking, introduced during the presale period, enables participants to earn rewards right from the early stages.
The green staking rewards system will also debut a few weeks later. Once it is live, users can boost their earnings by predicting Bitcoin price movements.
$GBTC has large growth potential from an investment standpoint due to its unique, yet no-nonsense value propositions. Investors interested in the project should act early to avoid paying a hefty price for the tokens after the initial exchange listing.
VISIT THE GREEN BITCOIN WEBSITE
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
