Binance will launch 15th project on Binance Launchpool – Bitcoin Standard Hashrate Token (BTCST), a token collateralized by Bitcoin hashrate on Binance Smart Chain. Users will be able to stake their BNB, BUSD and BTC into separate pools to farm BTCST tokens over 30 days.
Farming Period: 2021/01/08 0:00 AM (UTC) to 2021/02/06 23:59 AM (UTC)
Binance will then list BTCST into the innovation zone at 2021/01/13 6:00 AM (UTC) and open trading with BTCST/BTC, BTCST/BUSD and BTCST/USDT trading pairs.
Bitcoin Standard Hashrate Token Launchpool On Binance
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BTCST Launchpool Details
- Token Name: Bitcoin Standard Hashrate Token (BTCST)
- Total Token Supply: N/A (The total AUM of BTCST determines the total supply of the token)
- Launchpool token rewards: 40,000 BTCST (4.00% of Initial Circulating Supply)
- Initial Circulating Supply: 1,000,000 BTCST
- BEP20 Smart contract: BTCST
- Staking Terms: No upper limit. No KYC required
- Stake BNB: 24,000 BTCST in rewards (60%)
- Stake BUSD: 4,000 BTCST in rewards (10%)
- Stake BTC: 12,000 BTCST in rewards (30%)
|Dates (0:00:00 – 23:59:59 UTC each day)||Total Daily Rewards (BTCST)||BNB Pool Daily Rewards (BTCST)||BUSD Pool Daily Rewards (BTCST)||BTC Pool Daily Rewards (BTCST)|
|2021/01/08 – 2021/01/13||5,000.00||3,000.00||500.00||1,500.00|
|2021/01/14 – 2021/02/06||416.67||250.00||41.67||125.00|
You can go to this Binance page to learn more information of farm BTCST
About Bitcoin Standard Hashrate Token (BTCST)
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.
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven Binance Chain blockchain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative) and Trust Wallet (its official multi-coin wallet and dApps browser).
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