What is BTCST? Bitcoin Standard Hashrate is a Bitcoin mining focused blockchain project that offers advantages and passive income to its investors. In this article, you can access answers to frequently asked questions such as what is the Bitcoin Standard Hashrate, what it offers, what is BTCST coin, how to get it, what is it used for. As Kriptokoin.com, we have prepared it for our curious readers.
What is Bitcoin Standard Hashrate?
BTCST is a blockchain project that was released on the Binance Smart Chain (BSC) on December 13, 2020. The platform, which provides liquidity and passive income to its users, is about bitcoin mining. The project aims to provide liquidity to Bitcoin mining and solve the exit problems faced by miners. The native cryptocurrency of the network is BTCST coin. The project works as a cloud mining platform and makes daily payments through a decentralized application.
The project connects liquidity to the Bitcoin mining market. This liquidity allows miners to cheaply obtain mining rewards and access various sizes of hash power. The platform is powered by industrial Bitcoin miners who represent 12% of the worldwide Bitcoin hashrate. The project distinguishes itself from other projects by allowing Bitcoin mining to be done inside the DeFi ecosystem. In addition to all this, the project is supported by major liquidity pools such as Binance Launchpool.
What is Bitcoin Standard Hashrate? What does it do?
BTCST coin is the native cryptocurrency of the Bitcoin Standard Hashrate project. The cryptocurrency is a token created with the BEP-20 smart contract on Binance. The token has a wide variety of use cases in the Bitcoin mining space. Each BTCST coin represents a mining power of 0.1 terahash/second.
BTCST is collateralized with Bitcoin mining power. Token holders can stake BTCST assets. Miners earn Bitcoin rewards in exchange for mining power corresponding to the tokens they stake. There is no maximum supply of the token. At the time of writing, BTCST was the 268th largest cryptocurrency with a market cap of around $222.6 million.
What are the advantages?
- Bitcoin Standard Hashrate has received the support of an important mining pool such as Binance Launchpool.
- Miners can earn Bitcoin rewards through staking and generate passive income.
- Miners can take advantage of the massive liquidity pools that the platform offers for mining.
- Listed by the world’s largest cryptocurrency exchange Binance.
What are the disadvantages?
- The market cap of the project and BTCST coin depends on Bitcoin mining. Developments that will disrupt Bitcoin mining may negatively affect the value of the project and the cryptocurrency.
- The project has a limited audience. Its services to non-Bitcoin miner users are limited.
How to get BTCST coin?
Currently BTCST coin; It is listed by crypto currency exchanges such as Binance, Gate.io, Hotcoin Global. Users interested in the Bitcoin Standard Hashrate project can become a member of these exchanges. Investors who are fully registered members and deposit funds into their wallets can purchase the token.
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