As the Bitcoin price stands on shaky ground around $25,000, the crypto market is seeing a different scene in the arena of ‘Bitcoin clone’ derivative coins. With one eye on the volatile market and the other on the opportunity, Bitcoin BSC makes an exciting entry with its ‘stake-to-earn’ coin model.
Despite the world’s original cryptocurrency struggling with weak confidence, Bitcoin’s offspring have been enjoying a successful ride. For instance, Bitcoin Cash significantly outperformed Bitcoin over the past quarter by rising 73% against Bitcoin’s 2.3% fall.
Within the same sphere, BTC20, a staking-based Bitcoin derivative coin similar to Bitcoin BSC, climbed 52% since its launch a month ago. Moreover, this dynamic coin has reached an impressive 688% 7 times gain over its listing price. Notably, another derivative, BTC2.0, also rocketed to an all-time high, though it has since receded from its peak.
For Bitcoin BSC, they’re no secret about their roadmap for success – staking. Staking has been no stranger to the crypto DeFi space, despite dwindling popularity after high-profile ecosystem failures like Terra Luna. The appeal of transparent staking with a defined yield source, unlike the obscure algorithms used by Terra Luna, remains high.
With $BTCBSC, reconciling the BNB Smart Chain’s viability, the yield gets paid over 120 years in sync with Bitcoin block confirmations. Interestingly, a whopping 69% of the total supply is up for reward distributions.
Staking serves as a mechanism for token holders to earn rewards reflecting their coins’ contribution and stake duration. This feature promises price stability, capital returns, and income yield for network participants.
However, a significant distinction exists between Bitcoin BSC and BTC20. While the former is a BEP-20 BNB Smart Chain-compliant token, the latter is an ERC-20 Ethereum-compliant token.
Always with an eye on offering value, Bitcoin BSC presents its tokens at an affordable $0.99 – the same price Bitcoin was back in 2011 – compared to today’s Bitcoin price of $25,7000. Considering the potentials when the Bitcoin halving bull run picks up, early birds could find substantial upside.
Bitcoin BSC mirrors Bitcoin’s total token supply of 21 million, with 29% – accounting for 6,125,000 tokens – available in the presale. Herein lies Bitcoin BSC’s initial market cap of $6,063,750. It is pertinent to note that 2% of the supply is set aside for DEX liquidity provision for seamless trading, while the remaining supply primarily serves staking rewards.
In comparison to Bitcoin and other clones like Bitcoin Cash and Bitcoin SV, Bitcoin BSC’s competitive edge lies not only in staking. Its efficient and scalable proof-of-stake protocol and lower transaction costs, owing to its build on the BNB Smart Chain, sets it apart. Nonetheless, it’s fast and powerful, capable of running applications and supporting future development.
With so much going for it, Bitcoin BSC could be the new brave player in the crypto market. Nevertheless, the presale aims to raise only $3,960,000, suggesting strong demand. It’s a race for potential 10x gains, and getting in early could pay off handsomely for both long-term stakers and those hungry for life-changing returns.
Source: Cryptonews
