Cryptocurrency exchanges continue their long-standing volatile course. After Spot Bitcoin ETF speculations, the leading cryptocurrency Bitcoin cannot continue its short-term rise and is disappointing.
Rising predictions were made for Bitcoin, which has not shown the expected rise since November 2021, after the October rally. The rally claims of many experts remained unanswered and the BTC price did not meet expectations.
The crypto ecosystem, where hopes tied to irregular and small rises have harmed investors, is looking forward to developments that will lead to a rally. As expected, the most awaited news by crypto enthusiasts is spot Bitcoin ETF applications.
Residents of the crypto world, seeing that the effect of the spot Bitcoin ETF good news that came in the past months is not permanent, are commenting that the Bitcoin rally is over. The finalization of spot Bitcoin ETF applications to the US Securities and Exchange Commission (SEC) seems to determine the course of the Bitcoin price.
While the SEC’s response to spot Bitcoin ETF applications continues to be delayed, a new coin project entering the crypto arena is looking to capitalize on the excitement. Bitcoin ETF token, whose pre-sale has just started, manages to attract attention with the funds it collected in the fast-paced event.
What You Need to Know About Bitcoin ETF Token
Bitcoin ETF token, which is on the radar of cryptocurrency investors, is inspired by spot Bitcoin ETF applications, as its name suggests. Transforming this expectation into a token project, the team offers the opportunity to purchase Bitcoin ETF tokens at discounted prices through a pre-sale.
Bitcoin ETF token, released with the symbol BTCETF, is built on the Ethereum blockchain, which stands out with its security. The coin, which complies with the ERC-20 protocol, refers to Bitcoin and spot Bitcoin ETF applications.
The project team, which wants to be prepared for the rally wind that is expected to occur with the approval of the applications, does not promise investors a possible profit only after stock exchange listings. Investors who purchase Bitcoin ETF tokens with staking features also have the opportunity to earn passive income.
Bitcoin ETF Coin Tokenomics
Bitcoin ETF token has a total supply of 2 billion 100 million units. The project team allocates 40 percent of this supply for pre-sale. The remaining tokens are allocated as 25 percent for staking, 25 percent for token burning, and 10 percent for liquidity.
At the pre-sale event, the project team aims to raise a total of 4 million 956 thousand dollars. Investors who purchase Bitcoin ETF tokens are eagerly awaiting the token burning mechanism that will take place after the pre-sale.
The token burning mechanism is planned to occur following the DEX listing. The project team is working on a burn mechanism to reduce the supply of tokens in circulation. In total, it is aimed to burn 25 percent of the BTCETF token supply and increase the value of the token by removing it from circulation.
The staking mechanism is preferred to keep the network safe and stable, as well as providing passive income. It is planned that 25 percent of the total token supply will be allocated for staking. According to the information on the project page, it appears that 13 million 423 thousand BTCETF tokens have already been staked.
The project surprises investors with its staking rewards. As of the time this article was written, it is stated on the staking dashboard that the APY is around 2247 percent and that 119 BTCETF tokens will be rewarded per ETH block.
Bitcoin ETF Presale Reaches $100 Thousand
The pre-sale event, which allows crypto enthusiasts to invest at discounted prices, is progressing very quickly. It seems that the funds collected so far in the pre-sale, which has just started, are based on 100 thousand dollars.
In the Bitcoin ETF token presale, the project team follows a gradual price increase policy. BTCETF token price is increased to a certain extent at each stage. This system allows early stage investors to make more profits.
84 million Bitcoin ETF tokens are allocated for each stage of the 10-stage pre-sale. In the first stage, the token price is offered to investors as 0.0050.
Bitcoin ETF price is expected to reach $0.0052 in the second stage, $0.0054 in the third stage, $0.0056 in the fourth stage, $0.0058 in the fifth stage, $0.0060 in the sixth stage, $0.0062 in the seventh stage, and 0.0064 in the eighth stage. dollar and is expected to be $0.0066 in the ninth stage.
In the tenth and final stage of the pre-sale, the Bitcoin ETF token price rises to $0.0068. When we look at this whole picture, crypto enthusiasts who invest in the first stage are likely to make a serious profit before the stock market listings take place.
Investors who want to buy Bitcoin ETF tokens at discounted prices can take their place in the pre-sale using ETH, USDT, BNB and MATIC. Investors who do not have sufficient funds can also participate in the pre-sale through card transactions.
Experienced investors, who are looking forward to the clarification of the regulatory framework and the approval of the spot Bitcoin ETF, are showing great interest in the Bitcoin ETF pre-sale event. The project team welcomes cryptocurrency investors who are excited about spot Bitcoin ETF to the Bitcoin ETF token pre-sale.
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