A new eco-friendly Bitcoin alternative called Green Bitcoin (ticker: GBTC) is getting listed on Uniswap at 1PM UTC Thursday, April 5, 2024, ahead of a major update and CEX listing in the following days.
Eco-friendly Bitcoin alternative Green Bitcoin (GBTC) raised a tidy $9.6 million over a month-long ICO that has just ended.
Now, the team is bringing its innovative predict-to-earn staking protocol, aka “gamified green staking”, to the wider public through a listing on popular decentralized exchange (DEX) Uniswap, before a centralized exchange (CEX) announcement the following week, April 10.
Details on the nature of the CEX listing are thin at present, but the token will begin trading on the CEX the day after the announcement, April 11, before a major update to the gamification protocol on April 18, 2024.
This will be a big week for Green Bitcoin!
Here is how it will go down pic.twitter.com/KJ7do2Ilnw
— GreenBitcoin (@GreenBTCtoken) March 31, 2024
There’s nothing else out there quite like Green Bitcoin, so it can appear obscure to anyone not familiar with DeFi’s various staking-generated rewards systems.
How it works is simple: to claim daily $GBTC rewards, users have to buy $GBTC tokens, stake them on the protocol, and play the price prediction game.
Users then make daily predictions on Bitcoin, for instance, whether it will go up or down within 24 hours.
Every 24 hours, those that predicted correctly earn a share of rewards from the daily staking reward pool proportional to the amount of $GBTC tokens they staked.
Holders can stake tokens for up to six months to earn bigger rewards. Staking is also a fundamental part of Green Bitcoin’s tokenomics. By reducing GBTC’s circulating supply, staking helps drive the price over the long term.
GBTC is Literally Greener Than Bitcoin
The $GBTC token has a circulating supply of 21 million, a clear nod to its inspiration, Bitcoin.
Having a cap on the number of tokens in circulation creates value by ensuring scarcity.
However, Green Bitcoin sets itself apart from the world’s favorite cryptocurrency (according to market capitalization) by its greener energy consumption.
To start with, $GBTC is on Ethereum, which uses a Proof of Stake (PoS) consensus mechanism, meaning Green Bitcoin token is cleaner and more efficient than its namesake.
It consumes just 34 watt-hours (Wh) per transaction compared to Bitcoin’s 1,173,000 Wh.
Green Bitcoin ($GBTC) and The Halving
2024 will surely go down as the most significant year since Bitcoin’s launch in January 2009.
Bitcoin fans and enthusiasts may argue that the 2021 bull run is what got us to where we are today, with eleven spot Bitcoin ETFs that are currently the talk of Wall Street, a new all-time high of nearly $74k posted three weeks ago.
Many analysts say it could climb to new highs in the coming months, perfect for anyone wanting to get into Green Bitcoin’s gamified green staking.
That’s because April 19 is Bitcoin’s fourth quadrennial halving. The halving is an event in Bitcoin’s code that slashes miners’ rewards in half. Since miners control the issuance of new Bitcoin, this effectively cuts all new supply in half.
24 HOURS REMAINING until Green Bitcoin goes live on UNISWAP!
Make sure to stay glued to our socials for all launch and claim details! pic.twitter.com/KVTJcsovPb
— GreenBitcoin (@GreenBTCtoken) April 4, 2024
The law of supply and demand dictates that when there is a supply squeeze at times of high demand, commodities become more valuable. Bitcoin halvings have historically preceded bull runs and analysts believe this year will be no different, thanks to Wall Street’s interest in Bitcoin ETFs.
That means there will be plenty of rallies and crashes in the near future.
Nobody can say with certainty what the year will add to Bitcoin, but it’s the perfect kind of year to make some predictions and win some money.
Take a look at the green paper and get involved by visiting the official Green Bitcoin website and connecting a crypto wallet before trading begins on Thursday.
Get in early and Buy Green Bitcoin Now
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