Green Bitcoin Presale Passes The $1 Million Mark - Next Crypto To Explode?
With its goal to be a sustainable alternative to Bitcoin and novel ‘predict-to-earn’ mechanics, innovative new crypto project Green Bitcoin (GBTC) has raised more than $1 million so far in its presale.
The project is close to entering the next phase of the presale at greenbitcoin.xyz - in just over one day - which will increase the price of the $GBTC token.
The crypto community has received the platform's gamified green staking approach well, with many analysts tipping GBTC as the next cryptocurrency to explode.
What is Green Bitcoin?
Despite all the green mining initiatives, Bitcoin is still not listed among the greener cryptocurrencies. Multiple eco friendly Bitcoin alternatives have emerged, many of them within the proof-of-stake ecosystem like Ethereum.
Green Bitcoin is one such token. It is an ERC-20 project that introduces more sustainability into Bitcoin's ecosystem by being active on a proof-of-stake chain and increasing participation by being an affordable asset.
However, the project isn't only capitalizing on Bitcoin's popularity to gain relevance in the market; its gamified staking mechanic makes it a unique asset.
Gamified Staking - Green Bitcoin's USPs
Green Bitcoin's unique selling points include its gamified staking mechanic that allows investors to earn up to 100% in token bonuses. The staking is based on weekly challenges that engage the community and maintain trading activity around the token.
To add more weight to its staking rewards, Green Bitcoin has allocated 27.5% of the token supply, 5.8 million $GBTC tokens to the staking pool. The reward pool will be distributed over two years.
However, how these rewards will be distributed is where the gaming element of staking comes in.
Predicting Green Bitcoin's Price to Earn Higher Rewards
The focus of gaming in Green Bitcoin's ecosystem will be predicting Bitcoin's price. According to the whitepaper, investors are expected to predict Bitcoin's price over a 24-hour time frame. Stakers have to predict whether Bitcoin will rise or fall within the next 24 hours at the time of staking.
Over the next day, $GBTC rewards will be accumulated every 10 minutes. Once the period is over, those who guess correctly will gain a staking reward.
A fresh round will then start the following day, and stakers will be rewarded every day based on how close their price calls are to the BTC price that day.
This insight-driven approach to staking will foster community interest in this project, giving it a long-term prospect and the possibility of introducing more utilities in the future.
Daily, Weekly, Monthly, and Six-Month Staking
Green Bitcoin also provides standard staking rewards to incentivize long-term commitment to the project. Staking periods are divided into daily, weekly, monthly, and six months.
Daily stakers get allocated a portion of the rewards straight away. With weekly staking, stakers get an additional 5% bonus. Monthly and six-month stakers get a 10% and 15% boost to daily rewards, respectively.
Presale Staking
Staking rewards aren't limited to the time after the current presale period. Green Bitcoin has embraced the prospect common in the current presale, where users get to buy and stake their tokens simultaneously.
Next Crypto To Explode?
The project's name gives it an air of association with Bitcoin, and the green alternative is a good factor to count on for those looking for eco-friendly crypto.
The addition of staking perks gives the token long-term upsides, and the gamified approach gives Green Bitcoin a unique aspect that can bring its community together.
In tandem, these aspects could make Green Bitcoin a good investment this year. But will it go parabolic once it goes live?
If history is any indication, the project's presale success dictates how it performs on the live charts in the initial days of listing. A rapid surge is expected for this token with it being available at a discounted price of $0.492 today.
Furthermore, Bitcoin's bullish moves will also bolster GBTC's price in the future if BTC's post-halving performance creates an environment conducive to the growth of the crypto market.
These factors indicate that Green Bitcoin could potentially be the next crypto to explode at launch. Those interested in this project's prospects can find the green paper and audit information at greenbitcoin.xyz
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