Bitcoin Standard Hashrate Token (BTCST) is a BEP-20 token collateralized by Bitcoin mining power. More
| Fully Diluted Valuation | $455,828 |
|---|---|
| 24H Trading Volume | $21,817 |
| 24H Low / High | $0.03 / $ 0.03 |
| Circulating Supply | 7.29 M |
| Total Supply | 15.00 M |
| Max Supply | 15.00 M |
| Categories | BNB Chain Ecosystem 1 more |
|---|---|
| Founder | Anonymous |
| Website | 1-b.tc |
| Socials | |
| Chains | Binance-smart-chain Ecosystem |
| Explorer | Binplorer 2 more |
| Contracts |
0x786....a38e9
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| Name | Pair | OG Score |
|---|
Bitcoin Standard Hashrate Token (BTCST) is a BEP-20 token on Binance Smart Chain, launched on December 13, 2020. It represents Bitcoin mining power and aims to connect Bitcoin mining with decentralized finance (DeFi).
What Is BTCST?
BTCST is backed by Bitcoin’s mining power, with each token representing 0.1 TH/s of mining capability. This setup lets users access mining rewards and hashpower at a lower cost, improving liquidity in the mining market.
Founders and Background
The Standard Hashrate Group, which includes major Bitcoin miners, created BTCST. By February 2021, these miners contributed to 12% of Bitcoin’s total hashrate, providing strong support for the token’s value.
Unique Features
BTCST allows users to mine Bitcoin through the DeFi space. Staking BTCST tokens earns daily Bitcoin rewards based on the amount of mining power staked. Tokens are only issued when miners convert their hashrate into BTCST, and the project did not hold any private or public sales.
Circulation and Supply
BTCST started with a supply of 1,000,000 tokens. By March 2021, 589,388 tokens were in circulation, with a maximum limit of 1,500,000. The supply adjusts with the amount of BTCST staked in the platform’s pools.
Network Security and Governance
Binance Pool audits BTCST for transparency and legitimacy. The project is governed by a decentralized autonomous organization (DAO), where token holders and the community vote on key decisions.
Conclusion
BTCST provides a new way to engage with Bitcoin mining through DeFi, offering liquidity and access to mining rewards while using a decentralized governance model.
BTCST is unique because it represents Bitcoin mining power through a BEP-20 token, allowing users to access mining rewards and hashpower in a decentralized finance (DeFi) ecosystem.
The founders of BTCST are the Standard Hashrate Group, a team supported by major Bitcoin miners.
BTCST is backed by industrial-scale Bitcoin miners who collectively represented 12% of Bitcoin’s global hashrate as of February 2021.
