New Bitcoin BSC Set to Launch on Pancakeswap
The highly anticipated crypto token, Bitcoin BSC, will be available on Pancakeswap starting on October 4th at 9:00 am UTC. This news comes after the token’s presale hit its hard cap sooner than expected, leading to an accelerated exchange listing process. Pancakeswap is the first decentralized exchange (DEX) where Bitcoin BSC will be listed.
🚀 Announcement!
✔️ $BTCBSC is coming to @PancakeSwap!
🗓️ Wednesday, October 4th, 9 AM UTCMark your calendars! pic.twitter.com/ibAOSeLp1x
— Bitcoinbsc (@Bitcoinbsctoken) September 28, 2023
What is Bitcoin BSC?
Bitcoin BSC is a BEP-20 cryptocurrency that draws inspiration from the success of Bitcoin but operates on the BNB Smart Chain, which is more environmentally friendly. The token’s presale offered 6.125 million tokens at $1 each, mirroring Bitcoin’s public offering in 2011. Additionally, Bitcoin BSC incorporates a staking model similar to Bitcoin’s mining rewards system. Over the next 120 years, the remaining 21 million tokens will be released to stakers as block rewards every 10 minutes.
Crypto analyst Joe Parys has touted Bitcoin BSC as one of the best Bitcoin alternatives to buy for under $100. He also predicts significant growth potential for these tokens in the next bull run.
Claiming Bitcoin BSC Tokens
Investors who participated in the Bitcoin BSC presale can claim their tokens by connecting their crypto wallets to the official website at 9 am UTC on October 4th. Alternatively, investors can choose to stake their tokens and earn attractive APY rewards.
How Far Can Bitcoin BSC Grow?
If Bitcoin BSC follows the pattern of other alternative Bitcoin tokens this year, it could experience a price increase of 6x or even 10x upon its listing on Pancakeswap. However, some investors may opt to stake their tokens for long-term gains. In that case, the initial growth of Bitcoin BSC post-listing may be more gradual. Those who missed out on the presale can participate in the token’s IDO on Pancakeswap.
Hot Take: Will Bitcoin BSC Make Waves on Pancakeswap?
With its upcoming launch on Pancakeswap, Bitcoin BSC is generating a lot of buzz in the crypto community. Its presale success and similarities to Bitcoin have attracted investors looking for the next big opportunity. While immediate price surges are possible, some believe that staking the tokens may offer more long-term benefits. As the market eagerly awaits the listing, all eyes will be on Bitcoin BSC to see if it can replicate the success of its predecessor.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.