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Popular Crypto Presale Bitcoin BSC Hits 40% Of Soft Cap, Raises $1.5 Million

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Since going live on September 5, popular crypto presale Bitcoin BSC (BTCBSC) has raised over $1.5 million.

The viral BEP-20 token is now approximately 40% of the way towards its soft cap fundraising target of $3,960,000.

What is Bitcoin BSC?

Bitcoin BSC is a new cryptocurrency styled on the early years of Bitcoin before it exploded in price.

Although it takes its cues from the OG crypto, BTCBSC differs from its namesake in some important ways. 

Firstly, Bitcoin BSC runs on BNB Smart Chain (BSC), which uses a proof-of-stake consensus mechanism to validate transactions. This is more environmentally friendly than Bitcoin’s proof-of-work system, which uses a lot more energy.

BSC’s proof-of-stake system also results in cheaper transactions than Ethereum’s.

In proof-of-stake, new tokens are distributed to stakers, who are users who lock up their tokens in order to participate in the network. The more tokens you stake, the more you earn in return.

Staked BTCBSC Tokens Already Earning Over 300% Yield

After presale tokens and a small amount of BTCBSC that will be locked for exchange liquidity, the remaining 69% of the total token supply will be paid out as staking rewards.

Bitcoin BSC can be staked at any time but the staked tokens are locked for seven days before withdrawal.

Eight days after the launch of the BTCBSC presale, early investors have already staked over 750,000 $BTCBSC.

The amount of BTCBSC earned through staking is proportional to the value of the assets staked and the Annual Percentage Yield (APY) at the time. Early buyers were able to take advantage of a four figure APY and higher for a limited time.

Because the staking system mimics Bitcoin’s block schedule in 2011, rewards are currently high as the crypto is still new.

The initial phase of the Bitcoin BSC presale will end once it reaches the soft cap of just under $4 million.

After that, the secondary phase of the presale will release an additional 2.125 million tokens to achieve the hard cap.

During both stages, the $0.99 price will remain in place, an homage to the price of Bitcoin in 2011.

However, at the current pace, the Bitcoin BSC initial coin offering (ICO) is set to conclude in a few weeks.

In fact, investors may have even less time to snap up BTCBSC at the low presale price as the rate at which tokens are selling is accelerating.

For now, however, there’s still time to take part in what is turning out to be one of the most popular crypto token sales of the year – having been featured on BeInCrypto, Cointelegraph, CryptoPotato, NewsBTC, Techopedia and multiple times on CoinMarketCap.

A number of popular cryptocurrency influencers have also reviewed the project including Cilinix Crypto who has over 32,000 subscribers.

Bitcoin BSC can be bought from the project website bitcoinbsc.io using BNB, ETH, USDT or with a payment card via Wert.

Investors must purchase a minimum of $10 worth of tokens and pay gas fees if using BNP or ETH. They will then be able to claim their tokens at the conclusion of the presale by visiting the BTCBSC website.

Visit Bitcoin BSC Presale

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