Cryptocurrency enthusiasts often look at mining as a lucrative revenue-earning opportunity. However, it is often not easy to single-handedly get started mining Bitcoin or any crypto due to the hefty upfront costs and the need for expensive, energy-consuming equipment. Bitcoin can also not be staked for passive income, as it uses the proof of work (PoW) model.
New Crypto ICO Introduces Alternative To Bitcoin Staking
Bitcoin Minetrix, a tokenized cloud mining platform, enables crypto investors to mine Bitcoin seamlessly through a unique Stake-to-Mine model. The platform recently launched its ICO, inviting early entrants to acquire the $BTCMTX token for a starting price of $0.011. The presale will be conducted in 10 phases, with an incremental token price increase after each round.
Bitcoin Minetrix Staking
Moving beyond the traditional mining process involving physical mining equipment, Bitcoin Minetrix is a cloud mining platform that enables users to mine Bitcoin without personally owning BTC. The platform is powered by its ERC-20 token named $BTCMTX. Token holders can stake $BTCMTX to earn mining credits, and then use those credits to mine BTC and subsequent profits.
Due to this new crypto ICO being so early in its roadmap, the staking APY is currently extremely high – approximately 30,000% at the time of writing. However that will decline as more stakers join the pool. Early investors should act fast to take advantage of this new alternative to Bitcoin staking.
How Does Bitcoin Minetrix Work?
Bitcoin Minetrix deploys a unique Stake-To-Mine model to enable regular cryptocurrency investors to enjoy the benefits of Bitcoin mining without having to invest in mining equipment, which is both expensive and energy-consuming.
The platform’s users must have access to an Etrhereum-compatible wallet like MetaMask to purchase and stake $BTCMTX. This earns them non-tradeable ERC-20 mining credits, which they may burn to get access to Bitcoin cloud mining power. Users also have the option to un-stake after the minimum staking period has crossed, if they wish to make an exit and sell their tokens at the current market price.
This model offers a more sustainable way to earn revenue through Bitcoin mining. At the same time, it offers a more decentralized and secure mining experience for everyday crypto users who have to deal with inauthentic and fraudulent parties who claim to be mining companies. It also eliminates the need for them to buy cash contracts from these companies and avoid the risk of losing funds.
All in all, Bitcoin Minetrix is an all-encompassing blockchain-based cloud mining platform that simplifies the process of Bitcoin mining, while making it more simple, cost-effective, and efficient.
Bitcoin Minetrix Crypto Project Launches ICO
Bitcoin Minetrix has recently announced the launch of its ICO (initial coin offering) at bitcoinminetrix.com, an opportunity for users to acquire the $BTCMTX token at a subsidized price. As mentioned earlier, the ICO will be executed through 10 rounds, and the token price in these rounds will start from $0.011 in the first round and go up to $0.0119 in the last one.
The project has deployed a total of 4 billion tokens, and here is the overall allocation:
- 5% will be allocated to Bitcoin mining.
- 35% will be allocated to marketing.
- 15% is for the community.
- 7.5% is for staking rewards until the platform is developed.
Through the ICO, Bitcoin Minetrix aims to raise just over $15 million, which corresponds to a sale of 1,400,000,000 Tokens. At the time of writing, the project has already raised $115,000 within one day of announcing the ICO.
A $BTCMTX smart contract audit has been carried out by Coinsult on September 20th.
To sum it up, Bitcoin Minetrix offers a unique opportunity to earn passive Bitcoin mining rewards without the hassle of investing hefty funds upfront to buy physical mining infrastructure. Anyone willing to explore the benefits of mining may simply invest a minimum of $10 to acquire $BTCMTX tokens, stake them to earn mining credits, and burn those credits to get access to Bitcoin cloud mining power. It also enables them to get involved in a greener and more sustainable way of crypto mining.
Early investors interested in the Bitcoin Minetrix ICO can find the full roadmap and whitepaper at bitcoinminetrix.com.
To stay updated with this new crypto ICO’s development, follow the social media handles listed below (admins will not DM you, beware of impersonators):