Bitcoin Minetrix Raises Over $4M in Presale
Bitcoin Minetrix (BTCMTX), a stake-to-mine token, has raised over $4 million in its presale.
How Bitcoin Minetrix’s Mining Model Works
Through its stake-to-mine mechanism, Bitcoin Minetrix provides a way for users to earn Bitcoin (BTC) rewards passively. Staking BTCMTX, the platform’s native token, allows users to generate mining credits and access cloud mining power for BTC. This model aims to decentralize hash power acquisition and give users more control. Additionally, Bitcoin Minetrix’s staking protocol enables investors to earn significant yields, with the current APY set at 141%.
As the Bitcoin halving event approaches, which could reduce block rewards and impact profitability, Bitcoin Minetrix’s Stake-to-Mine feature could act as a buffer. By allowing users to stake BTCMTX for cloud mining power rather than directly investing in rigs and hardware, the platform effectively lowers the barriers to entry for Bitcoin mining. This approach provides a more financially feasible option compared to traditional mining methods.
Status of BTCMTX Presale
The ongoing Bitcoin Minetrix presale has raised over $4.2 million. The project’s stake-to-mine model and the $30,000 “Minedrop” giveaway launched by the development team have garnered support from investors. The current presale stage offers BTCMTX for $0.0117, with an 8% price increase expected at the end of this stage. The Bitcoin Minetrix team plans to list BTCMTX on major exchanges, including Uniswap, after the presale ends, and the whitepaper suggests plans to launch a mobile app and partner with cloud mining providers to boost capacity.
BTCMTX’s Social Media Presence
The attention Bitcoin Minetrix receives on social media and from influencers affects its price. Several YouTube influencers, including Joe Parys and Michael Wrubel, have covered BTCMTX. The official Bitcoin Minetrix page on Twitter has gained over 7,200 followers. This social media traction and influencer endorsements have the potential to enhance the market’s perception of Bitcoin Minetrix and contribute to its success, as seen with the recent Wall Street Memes (WSM) token.
Hot Take: The Future for Bitcoin Minetrix
Bitcoin Minetrix is shaping the future of Bitcoin mining with its stake-to-mine model, significantly reducing barriers to entry for miners. With its unique approach and solid presale numbers, Bitcoin Minetrix is in a strong position to establish itself as a leader in the cryptocurrency mining space.
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