The investment community is buzzing about the new Bitcoin Minetrix (BTCMTX) project, which launched its presale in the second half of 2023 and has raised over $8.4 million so far.
Some traders believe that Bitcoin Minetrix’s revolutionary Stake-to-Mine protocol could even allow it to outpace Ethereum’s (ETH) growth once listed on centralized exchanges this year.
Bitcoin Minetrix Seeks to Democratize BTC Mining Through Staking Model
For those unaware, Bitcoin Minetrix is an Ethereum-based project that aims to open up BTC mining to a wider audience.
By staking BTCMTX tokens in a smart contract, users can earn “mining credits” that can later be redeemed for cloud mining power.
This removes the need for expensive hardware and technical expertise, which has traditionally barred entry for everyday crypto users.
As Bitcoin Minetrix runs on Ethereum, all transactions are transparent and decentralized, with miners always retaining complete control of their tokens.
BTCMTX staking also generates a passive income stream for token holders – with yields currently as high as 77% per year.
By combining the BTC mining yields with these staking rewards, users can potentially generate two streams of income.
This dual-income model makes Bitcoin Minetrix particularly appealing to investors seeking diversification and recurring rewards.
Unsurprisingly, the project has begun to draw attention due to its unique setup, with high-profile names like Austin Hilton reviewing Bitcoin Minetrix in recent weeks.
Bitcoin Minetrix has even undergone a smart contract audit from Coinsult – further boosting trust in the platform’s security.
Ongoing Presale Buzz Fuels $8.4 Million Funding Raise
The project is currently in the middle of a limited-time token presale to fund its ambitious roadmap.
Bitcoin Minetrix’s presale began in September 2023 and is structured across multiple stages where early participants can benefit from the lowest token prices.
Over $8.4 million has already been raised – demonstrating the immense interest in Bitcoin Minetrix’s features.
Currently, BTCMTX tokens are on offer for $0.0128, although this price is only scheduled to last for one more day before rising slightly.
Once the presale ends, Bitcoin Minetrix’s team plans to list BTCMTX on various exchanges, although specific names have yet to be released.
These listings will provide access to the broader crypto community and improve liquidity for those who invest during the presale.
Members of Bitcoin Minetrix’s Telegram channel are already looking ahead to these listings, believing that the increased trading volume could drive sharp price increases.
Additionally, the validation that these listings will bring could attract risk-averse investors who prefer to purchase exchange-based cryptos rather than presale tokens.
With the current presale momentum showing no signs of slowing, many community members believe now is a prime opportunity to gain exposure to BTCMTX while the price is low.
Traders Predict Bitcoin Minetrix to Outpace Ethereum in 2024
Given the massive momentum behind the presale, some traders think that Bitcoin Minetrix could be poised to outperform Ethereum over the next year.
As the world’s second-largest cryptocurrency, Ethereum has become the go-to platform for decentralized apps and Web3 projects.
However, after years of exponential growth, ETH may struggle to maintain the same high pace in 2024.
With a market cap exceeding $300 billion, there’s a belief that Ethereum lacks the room for 10x gains at this mature stage of its lifecycle.
This is where Bitcoin Minetrix’s innovative staking and mining model presents an intriguing opportunity.
As a soon-to-be-launched project, BTCMTX offers huge upside if its ecosystem sees rapid user adoption in the coming year.
The project’s Stake-to-Mine mechanism also unlocks two potential income streams for holders, with staking yields and BTC mining rewards reinforcing its value proposition.
This design could compound investors’ returns over an extended period.
In many ways, Bitcoin Minetrix finds itself in a similar position to Ethereum in the late 2010s – a new project on the brink of providing a groundbreaking concept.
If even a fraction of Ethereum’s explosive growth can be achieved, Bitcoin Minetrix could establish itself as a major player in the crypto market.
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