Experts hint that the Gamified Green Staking system behind Green Bitcoin might cause a potential supply shock for $GBTC, leading to higher prices.
Green Bitcoin is bringing back predict-to-earn, providing massive rewards for those predicting the price of Bitcoin.
Its ecosystem requires users to stake $GBTC to place predictions, creating a potential supply shortage on the open market.
With the supply shock coming, it’s time to get positioned to take advantage of the impact.
Green Bitcoin Raises $1 Million as Predict-to-Earn Gains Take Hold
Green Bitcoin officially crossed the $1 million milestone today as its predict-to-earn ecosystem starts to take hold again.
The project lets users stake their tokens to place forecasts to predict the price of Bitcoin and earn massive rewards.
Green Bitcoin is creating a unique staking model tied to Bitcoin’s price action with no environmental impact as it uses Ethereum’s proof-of-stake mechanism.
The project provides a passive income source from accurate price predictions scaled to the investment level.
Gamified Green Staking Set to Provide Huge Gains For Bitcoin Price Predictions
The unique staking ecosystem behind Green Bitcoin is Gamified Green Staking, which empowers users to make daily price predictions.
The ecosystem lets users stake their $GBTC for a short period of time to place a forecast on the next day’s price of Bitcoin.
Accurate predictions that fall within the green zone are rewarded with a proportionate share of the daily staking reward pool.
The team has allocated an impressive 27.5% of the total $GBTC supply to provide rewards for stakers over the next two years.
The entire idea behind the platform is to create a blockchain ecosystem that fosters engagement and activity rather than pure price speculation.
As a result, Green Bitcoin will be one of the most active blockchains on the Ethereum network as it provides a utility that requires users to engage with the blockchain through staking.
Those looking to participate must place their forecasts by 11:30 PM EST every day. The smart contracts will then tally the day’s predictions against the Bitcoin price trend and midnight and reward those who place accurate predictions.
Higher Rewards For Bigger Commitments
The best part about Green Bitcoin is that users who commit to the ecosystem are rewarded the most.
The rewards earned from the price prediction contests depend on the level of investment as well as the duration committed to the pool.
For example, those who stake their $GBTC tokens for over a week are entitled to a 5% bonus on top of their daily staking rewards.
Monthly stakers are rewarded with a higher 10% bonus to represent their extended commitment to the ecosystem.
Experts Hint Potential Supply Shock Incoming
The unique staking ecosystem behind Green Bitcoin has experts hinting at the potential of a supply shock incoming once the platform launches.
As users are required to lock $GBTC into the staking contract to participate in the daily price predictions, these tokens are left unavailable to be bought on the open market.
As a result, newcomers following the presale might struggle to find $GBTC at lower prices to participate, forcing them to pay higher prices.
If a high percentage of $GBTC holders are staking their tokens, the supply shock could lead to an impressive price pump, with the capability of delivering 10x returns.
Currently, an enormous 67% of the total $GBTC bought in the presale is already staked, meaning just 33% of the overall circulating supply could be purchased following the presale.
Time to Get Positioned Before Prices Rise
With the presale quickly gaining momentum, the time to get positioned in $GBTC is before the prices rise.
The presale is using a unique rising pricing strategy, meaning the cost of $GBTC will increase during the presale until it launches.
The token is currently being sold at a price of $0.4854.
As a result of the rising strategy, those getting positioned earlier benefit the most as they enter at lower prices.
Overall, this unique predict-to-earn ecosystem is quickly gaining momentum as investors flock to get positioned. The platform’s design will ensure activity and engagement on the blockchain, making this a highly active cryptocurrency. Furthermore, with the potential of a supply shock incoming, now is the perfect time to be positioned.
