In the build-up to its soft cap target, Bitcoin BSC (BTCBSC), a PoS-based “green” variant of Bitcoin, has revealed that it has passed 50% of its presale stage, raising over $1,900,000. In the past few weeks, Bitcoin BSC has been one of the most talked about new crypto projects due to its ambitious goal of combining Bitcoin’s nostalgic appeal with passive income generation.
Why the hype around Bitcoin BSC?
The Bitcoin BSC token is popular because it combines the Bitcoin brand with the staking rewards and lightning-fast transaction times of the Binance Smart Chain. According to the Bitcoin BSC whitepaper, token holders can earn up to 320% annually by staking their tokens.
Staking of approximately 821,000 BTCBSC tokens as of this writing is an impressive milestone, given that the project is still in its early stages of fundraising. In the first of two presale stages, early investors can get BTCBSC tokens at the price of $0.99. This presale stage has already raised more than half of its $3.96 million soft maximum.
The Bitcoin BSC team is confident that the project’s strong branding, unique staking rewards, and thorough roadmap will help the project expand and gain popularity in the crypto world. As far as transparency goes, the project has been backed by an intensive audit from Coinsult.
Bitcoin Clones and BTCBSC’s odds
Recently, “Bitcoin clones”- digital currencies that mimic Bitcoin’s features while borrowing its name and philosophy-have experienced significant growth in popularity. Notable examples include the stake-to-earn cryptocurrency BTC20 (BTC20) and the eighth-largest meme coin in the world according to CoinMarketCap, HarryPotterObamaSonic10Inu (BITCOIN).
There is no assurance that Bitcoin BSC will achieve the same level of success as the aforementioned peers. The success of the Bitcoin BSC depends on the developers’ ability to implement the roadmap and harness the enthusiasm of the Bitcoin community.