New Altcoin Bitcoin Minetrix Nears $2.5 Million In ICO – Can It 10x in the Next Crypto Bull Run?
The Bitcoin price is currently leading the crypto market rally, surging 30% over the past month and leading some analysts to predict that the next crypto bull run is just around the corner.
The top altcoins are also beginning to show strength, with tokens such as Chainlink and Aave breaking out this week.
New Altcoin ICO To Watch
A brand-new altcoin – Bitcoin Minetrix – is also rapidly progressing through its ICO, having raised close to $2.5 million in under a month. Many smart money traders and even crypto whales have already purchased $BTCMTX tokens early in the presale, highlighting its in-demand utility and high staking rewards.
For example, the admin of the Crypto Whale Pumps group on Telegram – which has 25k subscribers – has invested a five-figure sum into the token and has called it a “potential winner”.
Due to the high demand, the second stage of the Bitcoin Minetrix presale has already sold out. The third stage will end this week or when the token raises $3.1 million, whichever happens first.
Read our own early review of BTCMTC on MPost here.
Why Experts Are Bullish On Bitcoin Minetrix For The Next Crypto Bull Run
Bitcoin Minetrix is launching a decentralized cloud mining platform that will help everyday investors earn $BTC mining rewards – simply by staking the $BTCMTX tokens.
In the early days, Bitcoin mining used to be a straightforward task, easily accomplishable on a CPU. However, as Bitcoin grew in popularity, so did the network’s mining difficulty. The CPUs soon gave way to GPUs, which were quickly replaced by ASICs.
Today, the crypto mining industry is monopolized by wealthy corporations with extensive and expensive mining farms. Many top mining companies also combine their computational power to form mining pools, giving themselves the best chance of winning mining rewards. In fact, 50% of Bitcoin’s global hash rate is currently owned by two mining pools – Foundry and Antpool.
It is nearly impossible for ordinary investors to set up a competitive mining operation, considering the required capital investment and technical expertise. This monopoly does not align with Satoshi Nakamoto’s original vision of Bitcoin.
However, Bitcoin Minetrix democratizes the crypto mining process, allowing investors to only rent a portion of the computational power. Investors can purchase $BTCMTX tokens and stake them in an Ethereum-powered smart contract. In exchange, they will receive non-transferable mining credits which can be burned for a cloud mining time or a percentage of the yields, both leading to passive $BTC rewards.
BTC Minetrix’s utility will become especially relevant during the next crypto bull run.
Experts such as Lark Davis, who has over 1 million followers on X, predict the Bitcoin price to surge to $180k at the peak of the next Bitcoin bull run. Consequently, the BTC mining rewards earned through Bitcoin Minetrix could end up becoming a fortune for the investors.
As a result, popular traders such as Michael Wrubel, who has 310k subscribers on YouTube, are bullish on $BTCMTX – both in the short and the long term.
Bitcoin Minetrix’s Stake-To-Mine Dashboard Eliminates Cloud Mining Scams
The concept of cloud mining started to gain traction as early as 2013. However, most early platforms had major centralization issues, with some companies such as Fancy Crypto, NFTProX and IDMining all turning out to be outright scams.
Even legitimate companies forced clients into long-term, cash-based contracts. This often deterred investors from entering the space since the rewards were rarely worth the risks.
However, Bitcoin Minetrix’s Stake-To-Mine dashboard adds decentralization and transparency to the whole process, allowing users to track their mining credits, mining power and earned rewards. Furthermore, the tokenized approach allows investors to unstake and sell their tokens at any point in time, eliminating the need for any burdensome long-term contracts.
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Investors also do not need to wait for the launch of the cloud mining platform to earn rewards. They can stake their tokens in the presale itself and start earning staking rewards, currently at an APY of 276%.
This on-chain staking mechanism will also incentivize investors to hold their tokens for longer periods, preventing any pump and dump price action after $BTCMTX’s launch.
There is also no requirement for any cash deposit – currently, investors can purchase $BTCMTX tokens in the presale through bank cards or by swapping ETH, BNB, MATIC or USDT tokens. However, an important point to remember is that investors using BNB or MATIC tokens will forgo their ability to stake the tokens during the presale.
The BTCMTX smart contract has also been audited by Coinsult, which revealed no major vulnerability or centralization risk. The owner of the contract cannot engage in unethical activities such as minting more tokens, blacklisting addresses or pausing the contract.
Minedrop, Community-Centric Tokenomics
Apart from its in-demand utility, the Bitcoin Minetrix project has announced a $30k airdrop to further boost its user adoption. The “Minedrop” will see 10 participants win $3k worth of $BTCMTX tokens each.
Popular trader Jacob Bury, who has over 20k subscribers on YouTube, has predicted that Bitcoin Minetrix will undergo a 10x bull rally after its launch, potentially leading to substantial profits for the airdrop winners.
The project has also adopted sound tokenomics, allocating 42.5% of its total token supply towards funcing the Bitcoin mining operation. 7.5% of the tokens have also been reserved for staking rewards, while an additional 15% will be distributed as community rewards.
The remaining 30% of the token supply will be used for the project’s marketing efforts.
Visit Bitcoin Minetrix Presale
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
