Bitcoin Price Retargets $30,000, But This Ethereum-Based Alternative Could See More Explosive Upside – Staking Starts Today, Lists on DEXs Thursday

Here’s How BTC20 Staking Works

Those token holders who wish to can send their BTC20 direct to the staking pool smart contract from 3 pm today. 

Block rewards will start accruing from 3 pm UTC today, but the BTC20 cannot be claimed until claiming starts at 3 pm UTC tomorrow (Thursday). 

Those staking today will see their entire balance of BTC20 staked and locked for seven days. 

For those who decide not to stake today, when claiming opens tomorrow, a dashboard will be available to allow BTC20 holders to set the exact amount they wish to stake – the minimum seven-day lock applies to all stakes. 

Staking can be for an indefinite period.

The staking simulation below illustrates how BTC20 holders can earn sizeable passive income from their stash:

Rewards Per Block (BTC20): 50 
Approximate Blocks Per Year: 52,000 
Total Annual Rewards (BTC20): 2,600,000

Total Staking Pool (BTC20): 500,000.
Individual Amount Staked (BTC20): 5,000.
Percentage of Pool: 1%

Bitcoin CashIndividual Rewards (BTC20): 26,000. 
Annual Percentage Yield (APY): 520%

To be clear, the above simulation is based on a number of forecast assumptions.

Nevertheless, whatever the exact numbers are by the time of the first block distribution, the APY effect means those who stake for extended periods will earn substantial returns.

🔥Dynamic Yield for $BTC20 Staking! 🚀#Staking rewards for $BTC20 are governed by a smart contract that will adjust each wallet’s rewards and APY according to its current percentage of the staking pool. 🔄💰

Let's break it down with a staking simulation:

🟠Rewards Per Block… pic.twitter.com/Z0KyAaR2kx

— BTC20 (@BTC20Token) August 8, 2023

Here’s Why BTC20 Could Be August’s Best-Performing Crypto

Beyond its strong presale performance, and the rally in Bitcoin and Bitcoin-alternative crypto markets, BTC20 has much going for it.

Firstly, the token is issued the Ethereum blockchain, which is arguably superior to the Bitcoin blockchain thanks to the fact that it has faster transaction times, significantly lower energy consumption, and is the home of the fast-growing world of Decentralized Finance (DeFi).

Unlike Bitcoin, BTC20 thus faces no concerns about energy consumption and can be seamlessly integrated into Ethereum’s highly liquid DeFi landscape.

Moreover, unlike Bitcoin, BTC20 offers an easy and potentially tremendously lucrative passive income opportunity to investors who stake their coins.

As previously mentioned, yields for BTC20 stakers could hypothetically reach into the 100s of percent per annum, depending on the size of the BTC20 staking pool.

BTC20 is modeled on the tokenomics of Bitcoin, with the same issuance schedule. However, BTC20 turns the clock back to 2011, when the Bitcoin issuance rate was significantly higher, and the supply was just 6.05 million.

Those who want to profit from Bitcoin’s now much slower issuance schedule must invest in mining equipment and incur set-up costs.

But with BTC20, to benefit from its token emission schedule, you just need to deposit your tokens in the staking contract.

2nd Earning Option – Send Liquidity to Uniswap 

And staking isn’t the only way to generate yield on BTC20. Investors can also provide their BTC20 tokens as liquidity on Uniswap after the token’s DEX launch.

🚀Two ways to participate and support the $BTC20 project:

1️⃣Stake 1 Day Before Claim: Stake your $BTC20 #Tokens 1 day before the official claim launch and start earning rewards!💰
2️⃣Claim, Provide Liquidity & Earn: As a liquidity provider in the #BTC20 @Uniswap pool, you'll earn… pic.twitter.com/DjDJu6hVgP

— BTC20 (@BTC20Token) August 4, 2023

Given the impressive yields on offer, many BTC20 presale investors can be expected to commit their tokens to staking or liquidity.

Both act as a solid incentive to HODL and should reduce the BTC20 supply on offer when the token launches on DEXs the following day.

Buying BTC20 is probably the best way to gain exposure to the bitcoin investment story, but at 2011 prices and with the added utility of being a yield-bearing asset. 

After doing your own research, don’t miss this ride to riches.

Visit BTC20 website