 | BTC20 (BTC20)ICO BTC20 is a new ERC-20 token that allows crypto enthusiasts to buy the asset for $1 and capitalise on the power of staking. This is done by aligning BTC20 token releases with the original Bitcoin block reward mechanism. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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What is BTC20
BTC20 is a Proof-of-Stake (PoS) ERC-20 green version of Bitcoin built on the Ethereum blockchain, recreating the state of the Bitcoin blockchain and token supply from 2011, when there were only 6.05 million BTC tokens in circulation and the price was $1. With every original Bitcoin block confirmation, a number of $BTC20 tokens will be released and distributed to stakers via a verified staking contract in line with the Bitcoin release schedule. After the presale, $BTC20 holders can stake their tokens to receive a share of the staking rewards. The more $BTC20 tokens a person stakes, the higher the rewards they are going to receive.
DetailsPre-sales: Jul 17, 2023 - TBAToken supply: 21,000,000 BTC20 Total tokens for sale: 6,050,000 BTC20 Soft cap: 3,000,000 USD Hard cap: 6,050,000 USD LegalBlockchain Platform: EthereumCountry limitations: Algeria, Bangladesh, China, Egypt, Iraq, Morocco, Nepal, Qatar and Tunisia Registration year: 2023 | Token infoTicker: BTC20Type: Utility-token Token price in USD: 1 BTC20 = 1 USD Accepted currencies: ETH, USDT |
BTC20 Roadmap
Phase 1: Presale and Token Distribution
During the initial presale phase, 3 million BTC20 tokens will be sold at a symbolic price of $1 each. To mirror the 2011 market cap of Bitcoin, a further 3.05 million tokens will be made available to purchase after the soft cap of 3 million tokens is reached. This fundraising will lay the foundation for further development, marketing, and strategic partnerships.
Phase 2: Launch and Staking Activation
Following the presale, the BTC20 team will deploy a secure and immutable staking contract. This contract will lock all unsold tokens (minimum of 14.95 million), serving as the cornerstone of the token's staking mechanism. Users will have the opportunity to stake their BTC20 tokens and participate in the distribution of staking rewards.
Phase 3: Development and Expansion
The BTC20 team will focus on continuous development and expansion of the project. Key objectives include enhancing the staking contract's security and efficiency, exploring potential partnerships with strategic players, and expanding the utility of BTC20 within decentralized applications.
Phase 4: Long-Term Sustainability
BTC20 aims to achieve long-term sustainability. The staking contract will continue to reward BTC20 tokens to stakers in alignment with the Bitcoin release schedule, extending over a span of approximately 120 years. This gradual token release mechanism ensures a fair and measured distribution of rewards, providing enduring incentives for long-term community engagement.
Social media
4 Responses
SCAM, No team, no WP, fake address
Also looks like a scam to me, on twitter these accounts are also weird
It’s 100% Scam
the btc20 token, even if it is not official, is part of the btc20 blockchain in WAAS… where the projects with the btcc and boomerang token are built… everything is still in development and word doesn’t get around much. it will have great potential once that the community becomes aware of the project and the word will spread.
it’s absolutely not a scam but it’s a deal right now.