What is Bitcoin Standard Hashrate Token (BTCST)
A significant impediment to participation in Bitcoin mining is the limited number of exit options. Bitcoin Standard Hashrate Token (“BTCST”) solves this problem by bringing exchange-grade liquidity to Bitcoin mining.
Each BTCST is collateralized by 0.1 terahash per second (“TH/s”) of Bitcoin mining power. By staking BTCSTs, holders of the tokens will receive daily Bitcoin distributions that correspond to the mining power staked.
What is more, because the market price of BTCST is determinable as the discounted cashflow of the underlying mining power, BTCST in secondary trading will perform as a leveraged Bitcoin token free from liquidation risk. BTCST will create an efficient market for Bitcoin mining power.
IEO (Binance Launchpad): Jan 08, 2021 – Feb 08, 2021
Token supply: 1,000,000 BTCST
Binance Launchpool – 4%
Initial Tokenizing Miner – 96%