Undoubtedly, Bitcoin (BTC) is the leader of the cryptocurrency market. It was this coin that started the universe of digital currencies and still dominates the industry with 40% of global token capitalization. However, given the tremendous growth of Bitcoin, analysts believe that this coin is unlikely to fall to the value of 2011, so BTC is inaccessible to many novice traders.
Investors are looking for viable alternatives to BTC: tokens that are cheap but can provide growth prospects comparable to Bitcoin. Bitcoin BSC (BTCBSC) fits that description. This new coin is being sold as part of a pre-sale, but could surpass Bitcoin, according to industry experts.
What is the Bitcoin BSC token, a Bitcoin-inspired coin from 2011
The first thing that makes Bitcoin BSC stand out is its characteristics. The developers of the token decided to create an improved version of the “ruling” cryptocurrency, but retained some of its features. For example, Bitcoin BSC also has a limited supply of 21 million tokens, just like the original coin.
However, there are many more differences. First, BTCBSC is not built on top of the Bitcoin blockchain, but is a BEP-20 token created in the Binance Smart Chain network. Second, it uses a Proof-of-Stake mechanism that allows traders to earn staking rewards. Bitcoin works on a Proof-of-Work basis, which forces BTC holders to mine new coins using expensive hardware.
The team behind the Bitcoin BSC emphasizes the importance of steaking for passive capital accumulation. In addition to enabling early investors to earn up to 145% APY (annual percentage yield), the developers will also block 69% of the total token supply. The vesting period for this volume of coins will be 120 years.
The Bitcoin BSC pre-sale began in the first days of September and was well received by investors. Investors’ investments exceeded $5 million in a short period of time. At the same time, the hard limit is $6,063,750, so at the current pace, the pre-sale could end as early as this week.
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The value of one BTCBSC is $0.99, a tribute to the 2011 Bitcoin price. It is worth noting that the token will not go up in price when the rest of the coins allocated for the presale become available for purchase.
Anyone wishing to purchase BTCBSC cryptocurrency can do so on the official website of the project. To do this, you need to link your cryptocurrency wallet to the presale widget and buy Bitcoin BSC for one of the three supported currencies: ETH, BNB or USDT.
Additional perks of the digital currency:
- Staking rewards are accrued every 10 minutes – that’s how long it takes to create a BTC block.
- Transaction execution speed is less than 5 seconds.
- Bitcoin BSC is more environmentally friendly than bitcoin due to the steaking mechanism.
Bitcoin BSC growth prospects – can the token grow 100 times or more?
Time has shown that cryptocurrencies are as prone to cycles as any other financial asset. For this reason, in situations where there is a bearish trend in the market, it is necessary to make money in other ways. So far, staking remains the preferred formula for investors to generate passive income with crypto assets.
Based on this, Bitcoin BSC may have demand from traders in the long run even when the whole industry is showing a downturn.
Moreover, developers have taken measures that can help the token avoid sharp fluctuations in value. For example, a 7-day lock-in in the staking pool. This approach means that the supply of the cryptocurrency is limited. Thus, the demand effect is expected to be higher and the value is expected to trend upward over time.
Another reason for the coin’s success is the base on which it is developed. Being a BEP-20 standard token, the new cryptocurrency is faster and transactions with it are cheaper – $0.10 compared to $5-10 on the bitcoin network.
Bitcoin BSC developers are trying to recreate a specific moment in bitcoin’s history as a starting point. In April 2011, BTC first reached a price of $1. The BTCBSC presale value is a tribute to this period, offering a chance to those who didn’t have time to buy BTC at a low price.
The number of tokens allocated for the presale is 6,125,000. This number was not chosen by chance. It coincides with the volume of Bitcoin coins in circulation in April 2011. Thus, the initial market value of the new altcoin is set at $6,063,750.
We should also not forget about another feature of BTCBSC that makes the new coin more useful compared to Bitcoin – compatibility with dApps. The Binance Smart Chain blockchain is designed to support smart contracts and decentralized applications. This opens up a wide range of possibilities for Bitcoin BSC that the original cryptocurrency does not have.
Moreover, the BNB network has a large and active developer ecosystem and community that provides support for existing projects. Thus, BTCBSC has the potential to attract more attention and, consequently, more investments.
In general, in recent months, so-called “Bitcoin clones” inspired by the name and prospects of this coin have started to appear on the market. Some of them have shown multiple growth, which indicates their acceptance by the crypto community.
The Bitcoin BSC development team believes that combining the spirit of Bitcoin with the benefits of the BNB blockchain, as well as the integration of a staking mechanism, will help the project grow and gain support from traders.
Many industry analysts also suggest that BTCBSC has chances to conquer the market. For example, Jacob Crypto Bury predicts a 10-fold increase in the value of the asset.
Nevertheless, the future of Bitcoin BSC will depend on whether the creators can realize the roadmap and capture the momentum and interest of the community.
Wrap-up
September started off well, and the cryptocurrency markets seem to be picking up the activity suspended during the summer. The Jackson Hole meeting, where the world’s central bank governors held a symposium to strategize together, was also crucial.
However, bitcoin is still far from its all-time high, so investors are leaning towards the new coin. In just one week of Bitcoin BCS pre-sale managed to raise more than $1 million, and two weeks later the investments exceeded $3 million. So all those who did not have time to buy the original Bitcoin, now have the opportunity to become participants of the project, which can surpass even the original cryptocurrency.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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