Bitcoin Minetrix ($BTCMTX) has officially raised over $4.2 million in fundraising as investors rush to the passive income potential provided by the cloud mining service.
The project introduces a novel stak-to-mine function into its ecosystem, allowing everyday users to efficiently start mining BTC ahead of the next block halving.
With its utterly decentralized ecosystem, investors expect huge returns as it can potentially overhaul today’s shady centralized cloud mining sector.
What you'll learn 👉
Bitcoin Minetrix Raises $4.2 Million As Investors Rush to Stake-to-Mine.
Bitcoin Minetrix has officially raised $4.2 million in its presale as investors rush to the stake-to-mine ecosystem.
The project helps you mine Bitcoin through a tokenized cloud mining platform that removes centralized authorities from the equation.
Investors are particularly keen on getting positioned as early adopters as they believe the double income rewards can help provide 50x returns.
As the platform combines staking and mining, rewards are provided through both avenues to double the rewards.
For example, those currently staking their tokens on the Bitcoin Minetrix platform are earning an impressive 240% APY;
Given its speedy rise to the $4.2 million milestone, it’s clear that investors are backing Bitcoin Minetrix as a disruptive force in the cloud mining sector.
The project is also capturing the attention of prominent influencers in the space, with YouTube analysts like Michael Wrubel hinting they’re extremely bullish regarding the future prospects of the token.
Bitcoin Minetrix Seeks to Overhaul Shady Centralized Cloud Mining Sector
Bitcoin Minetrix aims to transform the cloud mining landscape through its stake-to-mine ecosystem, removing the shady practices that today’s centralized cloud mining companies employ.
Cloud mining isn’t a new innovation to the industry.
It provides an easy route for everyday users to start mining crypto without buying or maintaining any of the expensive mining hardware.
Instead, users can simply rent the computational power from a dedicated mining center and start earning crypto as a reward.
Furthermore, users don’t have to worry about resale prices, noise pollution, or high electricity costs when cloud mining, as they’re all included in the contracts.
However, as all the cloud mining services today are centralized, they tend to exhibit shady tactics to increase their profits.
For example, miners are typically locked into long-term contracts through cash deposits, and many miners are left short on their expected $BTC earnings when mining.
Bitcoin Minetrix intends to completely overhaul this industry through a tokenized system that makes the process of mining crypto entirely transparent.
How Does Bitcoin Minetrix Work
To get started mining on Bitcoin Minetrix, users simply have to buy and stake $BTCMTX tokens to earn mining credits.
These Mining Credits can then be burnt in exchange for mining time on the Bitcoin Minetrix ecosystem, allowing users to earn $BTC through mining.
The tokenization of the industry ensures that end users maintain complete control of their funds at every step.
For example, $BTCMTX tokens can be unstaked or sold anytime, providing complete flexibility.
In addition, the tokenization also ensures that users don’t have to send any cash deposits to purchase mining contracts. Instead, Mining Credits serve as access to the ecosystem.
Finally, as smart contracts automatically manage user allocations, miners can be sure they will earn the entirety of their expected payouts.
The smart contracts behind Bitcoin Minetrix have been fully audited by Coinsult, providing peace of mind for investors.
Just Two Days Left at Current Prices
The presale continues to fly after crossing the $4.2 million milestone today.
The presale is selling 70% of the total $BTCMTX supply, ensuring that most tokens are in investors’ hands.
Currently, users in the presale can purchase $BTCMTX tokens for $0.0117.
However, the presale uses a rising pricing strategy, meaning the token’s cost will rise during subsequent presale stages.
The following price hike is scheduled for two days, so you’ll need to be quick to get positioned at early adopter prices.
There’s also a $30,000 “Minedrop” initiative that you can get involved in, with ten lucky winners receiving $3,000 in $BTXMTX tokens. Head over to the Bitcoin Minetrix official Twitter account to learn how to get involved.
Overall, with its innovative stake-to-mine ecosystem and double rewards through mining and staking, $BTCMTX has the potential to provide 50x returns for early adopters over the coming weeks.
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