An eco-friendly Bitcoin alternative called Green Bitcoin (ticker: GBTC) went live on Uniswap at 1pm UTC today and immediately saw a 1.6x profit after a whale bought $44,000 worth of tokens.
GBTC started trading at $1.10 but quickly climbed 63% to a high of $1.79 after whale purchases.
As of now, as the token trades, profit takers have shaved off about 44% from its listing price, which is currently priced at $0.70.
The team said it was prepared to gradually increase prices through buybacks. They also locked up about $200,000 (or 284,949 GBTC) in liquidity for the next year. These two measures have helped ease downward pressure on prices.
Green Bitcoin is now available on Uniswap!
Contract address: 0xdc9CB148ECb70876db0aBeB92f515a5E1dc9f580
Direct purchase link: https://t.co/93UsyuovY1
pic.twitter.com/GzCJOW6Wnh
– GreenBitcoin (@GreenBTCtoken)
April 5, 2024
Today’s Uniswap listing brings GreenBitcoin’s innovative (and addictive!) prediction mining “gamified green staking” protocol to the wider public. Next week will see a centralized exchange (CEX) listing announcement.
Details about the centralized exchange listing are scarce at the moment, but the token will start trading on centralized exchanges the day after the announcement, on April 11. There will be a major update related to the gamification protocol on April 18, 2024.
Introducing Green Staking, the Gamification of Green Bitcoin
Nothing compares to the green bitcoin. Early investors agree, pouring $9.6 million into a month-long ICO that just ended.
If people are surprised by the popularity of gamified green staking, that’s probably because the idea is a lot simpler than it sounds.
To receive daily GBTC rewards, users must purchase GBTC tokens, stake them on the protocol, and participate in the price prediction game.
They then make a daily prediction on whether Bitcoin will rise or fall within a 24-hour period.
Every 24 hours, users with accurate predictions will receive a portion of the daily staking reward pool based on the number of GBTC tokens they staked.
Holders can stake tokens for up to six months to receive larger rewards. Staking is also a fundamental component of the Green Bitcoin Token economy. Staking acts as a long-term price driver by reducing the circulating supply of GBTC.
Big destruction news coming later today!
We strongly recommend that you turn on notifications.
pic.twitter.com/GwAO0O8pJP
– GreenBitcoin (@GreenBTCtoken)
April 5, 2024
GBTC is more environmentally friendly than Bitcoin
The circulating supply of GBTC tokens is 21 million, a clear nod to its inspiration, Bitcoin.
By ensuring that the supply is limited, the total number of tokens available limits the increase in their value.
However, Green Bitcoin is more environmentally friendly than the world’s largest cryptocurrency.
This is because the GBTC token is built on Ethereum, which uses a Proof-of-Stake (PoS) consensus mechanism, making the token much cleaner and more efficient than its inspiration.
Each transaction consumes only 34 watt-hours (Wh), while Bitcoin consumes 1,173,000 Wh.
Green Bitcoin (GBTC) and the Bitcoin Halving: What Happens Next?
2024 will undoubtedly go down as the most important year for Bitcoin since January 2009.
Fans and enthusiasts might argue that the 2021 bull run enabled us to achieve these achievements today, but despite the 2022 recession that brought bankruptcies and scandals to the industry, Bitcoin adoption has increased significantly since then.
Today, there are eleven Bitcoin spot ETFs making the rounds on Wall Street. Three weeks ago, Bitcoin hit a new high of nearly $74,000; and after the halving, Bitcoin looks set to climb to new highs again, which is perfect for those who want to participate in the gamified green staking of green Bitcoin.
Liquidity pool is now locked!
Safe trading!
prove:
https://t.co/SYbpjt59Ya
pic.twitter.com/AiikakkLY7
– GreenBitcoin (@GreenBTCtoken)
April 5, 2024
Bitcoin’s fourth quadrennial halving will take place on April 19 of this year. The halving is an event in the Bitcoin code that cuts the reward for miners in half. Since miners control the issuance of new Bitcoins, this will cut the new supply in half.
The law of supply and demand dictates that when demand is high, supply tightens and goods become more valuable.
Bitcoin halvings have historically preceded bull runs, and analysts believe this year will be no exception, thanks to Wall Street’s interest in bitcoin ETFs and an upcoming supply crunch.
And since bull markets are volatile in nature, this means there will be plenty of daily limit ups and limit downs in the near future.
No one can predict exactly what will happen to Bitcoin this year, but this is an excellent time to make a prediction and earn a profit.
Take a look at the white paper and buy green bitcoin as soon as possible
Green Bitcoin - Gamifying Green Staking
Rating
Contracts audited by Coinsult
Early Access Presale Now Live - greenbitcoin.xyz
Predict and Earn - Featured in Cointelegraph
Staking Rewards and Token Rewards
$9M+ Raised - Closing Soon
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