|Binance Launchpool Start Date||January 8th 2021|
|Binance Launchpool Allocation||40,000 BTCST (4.00% of initial circulating supply)|
|Initial Circ. Supply||1,000,000 BTCST|
|Total Token Supply*||1,000,000 BTCST|
*The total supply of BTCST after launch will be determined by the AUM of BTCST mining power. All BTCST other than the initial circulating supply of 1,000,000 are subject to a 25-week weekly linear vesting schedule. Future BTCSTs issued to the project team are subject to the same vesting schedule.
Bitcoin Standard Hashrate Token (BTCST) brings liquidity to Bitcoin mining. Each BTCST is collateralized by 0.1 TH/s of real Bitcoin mining power. By staking BTCST, holders will receive daily Bitcoin distributions that correspond to the mining power staked.
BTCST creates an efficient market among Bitcoin miners. By trading BTCST, market participants can freely enter and exit Bitcoin mining exposure in any size, at any time, and with low costs. Miners without mining power tokenized by BTCST can also make use of the token to hedge against the risks of mining machine cost price fluctuations.
The project team and the partnering mining pool, Binance Pool, will form a governance board that collectively decides on material issues of the project, which include new token issuances, cost level adjustments, surplus profit distribution, and future development. The governance board will have three seats upon launch, two of which to be occupied by the project team and one by the partnering mining pool.
BTCST can only be issued when eligible miners choose to standardize and tokenize Bitcoin hashrate. Therefore, the project has not and will not host public or private sale events.
|Binance Launchpool||4.00% of the initial circulating supply|
|Initial Tokenizing Miner||96.00% of the initial circulating supply|
BTCST will focus community efforts on the cryptocurrency mining industry, traders, investors, and Bitcoin enthusiasts around the world. The initial focus will be on driving new users to stake their BTCST in the project’s dApp on Binance Smart Chain.
Current community growth strategies include:
Future community growth strategies include:
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