New Cryptocurrency Green Bitcoin Raises $3.2m While Bitcoin Price Breaks Through $70k
London, United Kingdom, March 12th, 2024, Chainwire
All eyes have been on the crypto market in the past few hours as Bitcoin broke through $70,000. The world’s largest crypto reached a fresh all-time high of $72,377 before pulling back slightly.
Bitcoin’s rally has been charged further by enormous demand from firms like MicroStrategy, which recently raised $800 million through a convertible note offering to purchase more Bitcoin.
While BTC is clearly the hot topic, a new project called Green Bitcoin (GBTC) is also generating buzz by raising over $3.2 million in its ongoing presale.
Green Bitcoin Raises $3.2m in Red-Hot Presale & Offers “Greener” Crypto Approach
Green Bitcoin has now raised a staggering $3.2 million in just the initial stages of its token presale event.
As its name suggests, the project’s core premise is to provide exposure to the crypto market through an eco-friendly lens.
Green Bitcoin is built on Ethereum’s energy-efficient Proof-of-Stake (PoS) blockchain as a greener alternative to Bitcoin’s Proof-of-Work (PoW) mining model.
The developers have designed an ingenious “Gamified Staking” system that allows users to stake the native GBTC token and earn rewards based on accurately predicting Bitcoin’s price movements.
It essentially combines the legacy and brand recognition of Bitcoin with greener technology while allowing GBTC holders to earn recurring rewards. The base staking rate for GBTC holders is 140% per year, as per today’s date.
Moreover, GBTC stakers can earn bonuses on top of this rate if their BTC price predictions fall within certain “green zones.”
Users have also been piling into Green Bitcoin’s Telegram channel to learn more about the project and engage with the team.
A total of 40% of the total GBTC supply is earmarked for presale buyers. The team hopes the growth and momentum continues in Q2 2024.
About Green Bitcoin
Green Bitcoin (GBTC) is a new crypto project on the Ethereum chain providing a more eco friendly, sustainable alternative to Bitcoin, alongside staking rewards for holders and novel ‘predict to earn’ elements including weekly challenges.
The Green Bitcoin project launched in late 2023 with a presale hard cap target of $7 million, with over $3 million raised so far and 63% of investors opting to stake their holdings. The GBTC smart contract has been audited by Coinsult and notable publications such as Cointelegraph have featured the token.