By How to Buy BTC20 Token – Easy Guide
BTC20 is a brand-new Proof-of-Stake crypto presale that builds upon Bitcoin’s technical base while leveraging the recent blockchain trends.
This easy-to-follow guide outlines a five-step process to buy the $BTC20 tokens. It also highlights the platform’s use cases and future utility.
$BTC20 tokens are now on sale for $1 in the presale phase, seeking to recreate Bitcoin’s 2011 charm. The project raised over $170,000 in just two days post its launch.
What is BTC20 Token?
BTC20 is an innovative Proof-of-Stake (PoS) crypto that leverages the Ethereum network’s security to provide investors with a unique opportunity for passive income.
Drawing inspiration from the early days of Bitcoin when its price was just $1, BTC20 aims to improve Bitcoin’s functionality to offer a staking mechanism.
The staking feature of BTC20 allows investors to earn high rewards, improving the token’s inherent value while creating community engagement.
Similar to Bitcoin, the platform’s supply cap is at 21 million. Phase one involves selling 3 million tokens. Once fully subscribed, a second offering of another 3.05 million tokens will occur. Together, these 6.05 million tokens reflect Bitcoin’s early circulation volume.
After the presale, the remaining 14.95 million tokens will be securely locked within the staking contract. This contract enables BTC20 holders to stake their tokens and participate in the distribution of rewards.
This fundraising aims to generate $6.05 million to expand the BTC20 ecosystem. The platform raised over $110K within 48 hours of launch, showing strong community support.
Staking and Rewards
BTC20 adopts a PoS model, an energy-saving alternative to Bitcoin’s Proof-of-Work (PoW), setting the stage for staking rewards.
As per the BTC20 whitepaper, the reward system mirrors Bitcoin’s token release schedule. Each block confirmation releases a fixed number of BTC20 tokens to those who’ve staked.
The reward share an individual earns is proportionate to the number of tokens they’ve staked. So, staking more tokens means earning larger reward shares. This method promotes a community-focused ecosystem, promoting long-term investments, decentralization, and active community involvement.
BTC20’s Roadmap and Future Use Cases
The roadmap of BTC20 highlights a clear path for the token. After the presale, BTC20 will create an immutable staking contract, offering a space for investors to start staking and earning rewards.
Following that, the project aims to form strategic partnerships and find use in decentralized apps, enhancing the token’s value and usability. The increasing competition within the DeFi sector means that BTC20 needs to differentiate itself and prove its value to potential partners and users.
Future applications of BTC20 could also involve governance roles in the BTC20 ecosystem, ensuring investors can have a say in the platform’s key decisions. This is partly why our BTC20 price prediction for 2023 – 2030 is so bullish at the moment, with potential highs of $13 forecasted by the end of 2030.
As the crypto market grows, introducing BTC20 into the broader blockchain ecosystem could be a game changer. Future interoperability with other chains could potentially broaden BTC20’s utility, creating more diverse opportunities for holders. BTC20 isn’t just mirroring Bitcoin’s past – it’s preparing for an innovative future.
Moreover, with a token release schedule spread over 120 years, BTC20 offers a steady, long-term investment opportunity, aligning with Bitcoin’s approach.
Consider joining the BTC20 Telegram channel to get the latest updates.
How to Buy BTC20 Token – Detailed Guide
While the opportunity to get Bitcoin for merely a dollar went past by most people, you can still buy $BTC20 tokens at the same price now. Let’s break down the buying process into five easy steps.
Step 1 – Set up a Crypto Wallet
Install a digital wallet compatible with the BTC20 presale site, like MetaMask, Ledger, or Trust Wallet. MetaMask has both a browser extension and a mobile app.
Trust Wallet and Ledger are accessible on the presale site via a widget called WalletConnect. Trust Wallet, linked to Binance, is a mobile-friendly option on the Google Play and Apple App Store.
Alternatively, you can connect to the BTC20 site using your email via ‘Web3Auth.’
Step 2 – Buy Crypto or Pay by Card
Next, you’ll need ETH, USDT, or BNB for transactions on the BTC20 presale page.
You can get these via a crypto exchange. After buying them, send the crypto to your wallet or initiate the purchase directly. Moreover, card transactions are possible via a third-party provider, Wert. In this case, you need to have your crypto wallet address ready.
Step 3 – Connect Your Wallet to Your Account
To purchase BTC20, first, you need to link your digital wallet with the presale platform. Hit “connect wallet,” select your preferred wallet, and determine the type of crypto you wish to trade for BTC20.
Remember, you’ll never be asked to provide your seed phrase by any genuine crypto project. If asked, it’s likely a scam.
Step 4 – Buy $BTC20
With your wallet connected, specify how much crypto you want to exchange for BTC20. Click ‘Buy $BTC20 Tokens’ and follow the on-screen prompts to complete the transaction. Be mindful of potential gas fees.
Step 5 – Claim $BTC20 Tokens
All $BTC20 tokens you buy will remain on the platform until the completion of the presale. To claim them, visit the BTC20 presale page, click ‘Claim,’ and confirm the transaction.
Updates about claim dates and launch details will be provided on the portal. For the latest updates on claim time, date, and upcoming listings, you can follow BTC20’s Twitter feed.
Conclusion
BTC20 offers an appealing opportunity, selling tokens for $1, mirroring Bitcoin’s early days’ charm but with a twist of modern blockchain technology.
During BTC20’s presale, you can buy tokens by connecting your digital wallet to the official website and trading ETH, USDT, or BNB for WSM or using a bank card. The project has already drawn over $110k in just two days.
Always double-check the transactions you’re approving and use only validated links. The sole authorized site to buy BTC20 tokens before they’re listed on DEX and CEX is btc20.com.
Remember, it’s crucial to scrutinize and understand the market trends before diving in. The presale stage provides a great opportunity to join BTC20’s journey early, with the potential for solid returns over its planned 120-year token distribution.
Frequently Asked Questions (FAQs)
1. What is BTC20?
BTC20 is a new Proof-of-Stake crypto inspired by Bitcoin’s early days and built on the Ethereum network. It has introduced a staking mechanism allowing holders to earn rewards. Its total supply is capped at 21 million tokens, emulating Bitcoin’s structure, and it aims to raise $6.05 million in its presale phase.
2. How to invest in BTC20?
Investing in BTC20 involves a straightforward five-step process. First, set up a crypto wallet like MetaMask, Ledger, or Trust Wallet. Next, purchase ETH, USDT, or BNB, which you’ll use to buy BTC20 tokens. Connect your wallet to your BTC20 account, then exchange your crypto for BTC20. Finally, claim your BTC20 tokens after the presale ends.
3. What is the market cap of BTC20?
BTC20 aims to replicate the early stages of Bitcoin, thus setting its initial market capitalization at approximately $6.05 million, mirroring Bitcoin’s value in April 2011.
Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com.
