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Bitcoin Minetrix, a new presale project aiming to democratize cloud-based mining prospects, has surpassed a $10 million fundraising milestone.
Amidst the rapid expansion of Bitcoin mining operations ahead of the impending halving in April, which will cut block rewards from 6.25 coins to 3.125, thereby significantly reducing miner incomes, large mining farms are aggressively scaling up to safeguard their profits.
Despite the emergence of cloud mining solutions to support potential miners, the existing cloud mining landscape faces its share of challenges. Fraudulent activities are prevalent, with many cloud mining companies posing the risk of withdrawing their support unexpectedly.
Numerous individuals detail their unfortunate experiences of having invested their hard-earned money in cloud mining contracts, only to be left without the promised mining rewards.
The inherent issue stems from the centralized nature of the traditional cloud mining ecosystem, a concern that Bitcoin Minetrix aims to tackle with its transparent on-chain approach.
The platform’s unique stake-to-mine smart contract manages all cloud mining credits and allocations directly on the blockchain, allowing users to customize details such as mining duration through their personal dashboard.
Bitcoin Minetrix’s Transparent and User-Friendly Approach to Cloud Mining
Bitcoin Minetrix introduces a distinctive stake-to-mine feature within its cloud mining ecosystem, catering to users without the need for hardware or technical expertise, making it particularly user-friendly for beginners. The decentralized and transparent nature of $BTCMTX minimizes the risks associated with cloud mining scams.
The primary use case involves users purchasing and staking the $BTCMTX token, the native token of the Bitcoin Minetrix ecosystem. By staking these tokens, users gain access to mining credits, which are ERC-20 tokens with a unique characteristic – they cannot be traded but only burned.
Burning a specific number of mining credits grants users mining time within the Bitcoin Minetrix cloud mining ecosystem. Once the mining period concludes, the mined Bitcoin is promptly transferred to the user’s trading account. Bitcoin Minetrix offers dual avenues for earning.
On-chain rewards from the staking activity itself, coupled with the mined Bitcoin, create a compounded reward structure for investors. The platform recently unveiled its dashboard, providing users with a centralized hub to manage all their $BTCMTX tokens.
It serves as a gateway to engage with Bitcoin Minetrix’s mining rig and staking facilities. The full functionality of the dashboard will be accessible after the project concludes its presale, which is expected to occur soon.
Beyond mining rewards, $BTCMTX stakers stand to generate yields with an impressive potential annual percentage yield (APY) of up to 65%, with over 637 million $BTCMTX already staked.
With both mining Bitcoin and staking rewards, Bitcoin Minetrix presents a compelling opportunity for users to earn crypto through two attractive income streams.
View the video above for the latest Bitcoin Minetrix presale update and subscribe to Jacob Crypto Bury’s YouTube channel for additional crypto-related content. Jacob also runs a Discord channel boasting 20,000 members, delivering valuable trading tips and insights into upcoming crypto presales to users.
Bitcoin Minetrix Presale Update – Surpassing $10.2 Million Milestone
Bitcoin Minetrix is currently over halfway through their presale phase, having garnered over $10.2 million in early investments. Given a soft cap of $15 million, there is still plenty of time for potential investors to participate before the project officially launches.
The ongoing presale offers each $BTCMTX token at $0.0132, considering a total supply of 4 billion tokens. The token allocation includes 42.5% for the presale, 35% for marketing, 12.5% for staking, and 10% for the community. Potential investors can visit our guide on how to buy $BTCMTX token here.
Big Announcement! 🎉#BitcoinMinetrix has hit a phenomenal milestone, raising over $10,000,000! 🪙 pic.twitter.com/toEsT1NvWv
— Bitcoinminetrix (@bitcoinminetrix) January 31, 2024
In addition to the presale opportunities, Bitcoin Minetrix presents an attractive incentive for investors. The project is conducting a ‘Minedrop,’ offering a chance to win $30,000 worth of $BTCMTX, with the prize distributed among ten winners.
Participants can increase their chances of winning by completing simple tasks such as following social media channels. For more updates, we recommend following Bitcoin Minetrix’s Telegram channel and their X account (formerly Twitter). To take part in the $BTCMTX presale visit bitcoinminetrix.com.
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