The presale for Green Bitcoin ($GBTC) continues to shine after crossing the $700,000 milestone this week.
Investors are rushing to the Gamified Green Staking concept behind the project that allows users to earn rewards for accurate Bitcoin price predictions.
Some anticipated 50x returns for the project as its staking concept will likely cause a supply shock on the open market, forcing newcomers to pay higher prices to get involved in Gamified Green Staking.
Here’s everything you need to know about this green Bitcoin price prediction ecosystem.
Green Bitcoin Raises $700K As Presale Hype Grows
The hype behind the Green Bitcoin presale continues to grow after the project crossed the $700,000 milestone today.
Green Bitcoin is a project that allows its users to predict the price of Bitcoin and earn huge long-term rewards for accuracy.
The project combines the legacy of Bitcoin with the eco-friendly blockchain of Ethereum to give birth to a passive income ecosystem.
The passive income is generated through the unique staking model behind the Gamified Green Staking project, which provides rewards scaled to a user’s level of investment.
Let’s take a look at this concept a little closer.
Gamified Green Staking Rewarding Users for Accurate Bitcoin Price Predictions
Gamified Green Staking is a unique staking model that rewards participants exponentially alongside new live weekly challenges and 100% token bonuses.
The concept allows users to make daily price predictions to earn rewards. These price prediction contents are rooted in the staking concept that requires users to lock $GBTC tokens for short periods.
Once staked, users can cast their prediction for the next day’s price movement, and successful forecasts are rewarded with a proportionate share of the daily staking reward pool.
The team has allocated a whopping 5.8 million $GBTC – around 27% of the total supply – to ensure rewards in the incentivized staking ecosystem for the next two years.
The entire idea behind the concept is to foster long-term engagement and activity within the ecosystem.
All users must cast their predictions by the 11:30 PM EST deadline.
At midnight, the platform will calculate the day’s predictions against the actual Bitcoin price trend and reward accurate forecasts with a cut of the day’s mining fee rewards.
Interestingly, the mining fee rewards are distributed every ten minutes, in line with the legacy Bitcoin block schedule.
Users can claim the aggregate of their rewards every 24 hours.
Incentive For Long-Term Holding Creating Supply Shock?
Investors are predicting 50x returns for early adopters of $GBTC as they believe the unique staking concept can potentially create a supply shock on the open market following the presale.
They believe a supply shock will be created as most users will be locking their $GBTC Tokens into the ecosystem to participate in Gamified Green Staking to earn rewards.
In addition, there are incentives for those committing to the system for more extended periods of time. For example, those who stake their tokens for over a week are entitled to a 5% bonus on top of their regular daily staking rewards.
There are even higher rewards for monthly stakers, who earn a 10% bonus, and six-month stakers, who earn a 15% boost on their daily rewards.
Therefore, investors believe that an incredibly high percentage of the total circulating supply will be locked into the ecosystem, leaving little $GBTC available on the open market to be purchased.
As a result, this is likely to force newcomers to pay higher prices for $GBTC following the presale.
Get Positioned Today Before Prices Rise Further
The presale provides the perfect opportunity to get positioned in $GBTC at the lowest possible prices.
The presale is selling 40% of the total supply. Of the remaining supply, 27.5% is reserved for staking rewards and 17.5% for marketing. Then, another 20% is reserved for adding liquidity to centralized and decentralized changes, with an additional 5% allocated for community rewards.
The presale is quickly progressing, and the increasing pricing strategy means the costs are going higher for $GBTC.
Those currently buying $GBTC can purchase the token for $0.4329. However, the price will be increasing in just a few days.
Overall, the speedy growth of the $GBTC presale demonstrated its ability to provide outstanding returns to investors in 2024.
The ecosystem is likely to flourish, and prices are likely to rise significantly once the platform is fully launched and users start earning rewards from the Gamified Green Staking ecosystem.
By
By
By
By
By