Bitcoin Standard Hashrate Token update: BTCST Live price, price chart, news and markets

The BTCST price update as of now is $0.06940. In the previous 24 hours, its trading volume was $11,941, and its value has decreased by -3.17%. As of now, BTCST's live market cap is $973,793, and it is ranked as the #1643 on the Coincu. BTCST has a circulating supply of 15,000,000 and a maximum supply of 15,000,000.

Bitcoin Standard Hashrate Token Introduction

Bitcoin Standard Hashrate Token (BTCST) represents 0.1 TH/s of standardized Bitcoin mining power at a rate of 60 W/TH.

With BTCST, Bitcoin mining becomes more liquid as each token is collateralized with real Bitcoin mining power. By staking BTCST, holders can receive daily Bitcoin distributions based on their staked mining performance.

This token creates an efficient market for Bitcoin miners, allowing easy entry and exit at any scale and low cost. Non-performing miners can also use BTCST to hedge against mining machine cost fluctuations.

To ensure effective governance, the project team and Binance Pool collaborate as a governing board. This board makes key decisions related to the project, including token issuance, fee adjustments, profit distribution, and future development. The Governing Board comprises three seats, with two held by the project team and one by the collaborative mining pool.

BTCST stands out from other DeFi projects because it is already a profitable mining company with a completed product. Unlike most DeFi projects, BTCST does not rely on fundraising or allocate tokens to the team, advisors, or the ecosystem.

Compared to other cloud mining tokens, BTCST distributes a minimum of 60% of the daily rewards, providing participants with higher earnings than direct mining with mining machines.

How Bitcoin Standard Hashrate Token Works

BTCST is a token that is collateralized by standardized Bitcoin mining power.

• • We will provide a brief overview of the Bitcoin mining process. Investors need to invest in machinery, equipment, electricity, and machine time to solve the SHA256 algorithm and generate Bitcoin.
  • The speed of mining is measured by the hashrate/second, which reflects the power of Bitcoin mining.

However, investing in mining machines can be costly and time-consuming. It is also challenging to liquidate machines if miners decide to abandon the project.

BTCST offers a convenient alternative to investing in mining machines. By holding this token, users can participate in Bitcoin mining of any size, at any time, with low costs and the option to exit instantly.

BTCST is a smart contract on Binance Smart Chain that enables cloud mining. BTCST undergoes auditing by Binance Pool, the world's second-largest Bitcoin mining pool, ensuring the token's legitimacy and transparency. Each BTCST token is backed by 0.1 TH/s of Bitcoin mining power.

Bitcoin Standard Hashrate Token Roadmap

As of now, the project has not announced a new roadmap. However, the previous roadmap includes the following milestones:

• • November 2020: Preparation work for project release
  • December 2020: Release of Proof-of-Concept up to 100p
  • February 2021: Release of the first package up to 1000p
  • March 2021: Acquisition and construction of owned mining site
  • June 2021: Release of the 2nd batch of packages up to 1000p