Bitcoin Minetrix ($BTCMTX) is approaching the $1 million milestone as investors rush to its high APY returns.
The project intends to revolutionize the cloud mining sector to remove prevalent scams in the industry, making it completely transparent.
Investors are rushing to get positioned into the project as early as possible due to the passive rewards and the long-term value appreciation.
Due to its unique stake-to-mine concept, many believe 50x returns are on the table for this cloud-based staking and mining solution.
Investors Rush to $BTCMTX For High APY and $BTC Cloud Mining Rewards
Investors are rushing to get positioned in the $BTCMTX presale due to its high APY returns and stake-to-mine concept.
Bitcoin Minetrix is a project that helps you mine Bitcoin through a cloud-based mining ecosystem.
The project wants to tokenize the entire cloud mining sector to decentralize how everyday users can get started with mining.
Considering its speedy rise to the $1 million milestone, early project backers expect Bitcoin Minetrix to become a disruptive force in the $BTC mining space.
By combining staking and mining – two of the hottest themes in crypto right now – Bitcoin Minetrix offers a unique entry to start earning $BTC passively.
Bitcoin Minetrix Intends to Revolutionize Cloud Mining Through Tokenization
There are no cash deposits or long-term contracts to start mining on Bitcoin Minetrix.
Instead, users can simply buy and stake $BTCMTX tokens to earn Mining Credits.
The Mining Credits are non-transferrable ERC20 tokens that can be redeemed for hashing power on the Bitcoin network.
Users must burn their Mining Credits on the cloud mining platform for a designated time.
The tokenization of the entire process ensures that users retain complete control of their funds at every step of the way.
The $BTCMTX can be unstaked and sold anytime, providing complete flexibility for everybody involved.
This process helps to bring some transparency to the shady practices of cloud mining providers today.
Cloud mining essentially allows everyday users to start mining Bitcoin without having to own any expensive hardware or acquire the technological knowledge to maintain the equipment.
Instead, users simply buy time on the cloud mining services to rent a portion of the computational power in dedicated mining sectors.
As a result, cloud mining helps ease the entry barrier to mining, providing the most cost-effective method to get started. In addition, as miners don’t have to buy or maintain expensive equipment, they also don’t have to worry about the resale value later down the line.
However, centralized cloud mining providers have undergone questionable behavioral practices, often locking users into long-term contracts and leaving them short on mining earnings.
With the cloud mining industry expected to grow by $12 billion between 2022 and 2027 – it’s unsurprising to learn that companies are starting to squeeze everything they can from their users in the space.
Bitcoin Minetrix is a little different from the centralized services currently running.
Tokenizing the cloud mining process helps to remove these problems in the sector.
Smart contracts automatically manage user allocations in the most transparent way possible, so users know exactly how much $BTC they should be earning.
All of the smart contracts for Bitcoin Minetrix have been fully audited by Coinsult – providing confidence for everybody investing in the project.
Furthermore, it’s important to mention that users staking $BTCMTX are currently earning a whopping 595% APY on their tokens at the time of writing.
Notable Influencers Are Starting to Push $BTCMTX
After its popular start to fundraising, notable influencers have taken note of the building hype and started promoting the project.
For example, a Twitter and YouTube analyst, Jacob Bury, recently posted a video stating he expects 10x returns from $BTCMTX.
In addition, highly-popular Michael Wrubel has also done a breakdown of the entire protocol, stating that he’s incredibly bullish on the future for $BTCMTX;
The Bitcoin Minetrix Telegram group has grown exponentially in the past couple of days, attracting over 1,500 members. In addition, Twitter for the project recently crossed 1,800 members, demonstrating the rising interest in this groundbreaking cloud mining solution.
Get Positioned Today Before Prices Soar in Five Days
The presale continues to soar, raising a total of $1 million in just a few days.
The presale currently allows early backers of $BTCMTX to buy the token at a discounted price of just $0.011.
However, the token presale will be split into ten phases – with just five days to go until the next price hike.
This means that the cost of the token will rise. As a result, those buying the earliest benefit the most as they can enter at lower prices.
By the final stage, the cost of the token will be 8% higher at $0.0119.
70% of the total token supply will be sold in the presale, ensuring that the community owns the majority of the tokens available for long-term growth and engagement.
Potential investors can get positioned by heading to the project’s website to buy $BTCMTX using ETH, BNB, USDT, or bank cards. There is a $10 minimum purchase to get started.
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