The digital currency world continues evolving and expanding with every passing moment. A new entrant in this arena, Bitcoin BSC, has raised eyebrows and turned heads by securing more than $2 million in under a fortnight, during its presale which aims to hit the finish line at $3.96 million. This new staking crypt asset is currently available for just $0.99 in presale, similar to Bitcoin’s price in 2011. It is seen by investors as a better risk-reward suite compared to Bitcoin, especially due to the staking yield generating a steady stream of income.
Bitcoin BSC, in resemblance to Bitcoin, has a total supply of 21 million tokens. However, it operates uniquely on a proof-of-stake BNB Smart Chain network that is cost-effective and efficient compared to the initial. The new Bitcoin alternative adds to its portfolio a feature that Bitcoin lacks – staking built at its design’s helm. The mechanism allows every purchaser of Bitcoin BSC today to start staking and earning yield, leading to the staking of 974,352 $BTCBSC that earns an annual percentage yield (APY) of 268%.
The skeptic might be wary of an APY in triple digits as it greatly exceeds the interest rates in advanced economies, which are in single digits. However, Bitcoin BSC ensures transparency, allowing token holders to keep an eye on the real-time Bitcoin BSC staking dashboard and the number of staking token holders. Furthermore, the project’s smart contracts have been audited, locked liquidity has been guaranteed by the team when it becomes listed on Uniswap’s decentralized exchange.
While tokens with tech-buzz and memes, such as Pepe 2.0, Dogecoin 2.0, Dropbox Inu 2.0, and Bitcoin 2.0 focus on name recognition rather than functionality, Bitcoin BSC stakes its spot at a more mature level. Unlike Bitcoin Cash or Bitcoin SV, Bitcoin BSC has no legacy or complications since it’s not a fork from the original blockchain. Yet, it resembles Bitcoin SV, Bitcoin Cash, and the BTC2Ø coin by presenting a better alternative to Bitcoin, which has depreciated by 7.3% in the past 3Ø days.
The potential of Bitcoin and its clones, like Bitcoin BSC, to outshine the market has caught the attention of veteran investors. Joe Parys Crypto YouTube channel, with its significant following of 300k-plus subscribers, has Bitcoin BSC listed as one of its top five Bitcoin alternatives, poised for explosive price growth. Pantera Capital forecasts Bitcoin to hit around $147k in the next halving cycle, which implies that derivative coins such as Bitcoin BSC will probably rack up attractive returns.
To paraphrase, if you missed the Bitcoin action previously, Bitcoin BSC provides a golden opportunity for you to participate in the action prior to the onset of the bulls. Whether you choose Bitcoin BSC or not, crypto remains a high-risk asset class. It is advised to conduct comprehensive research before making any investment in this volatile domain.
Source: Cryptonews
