Disclaimer: This is a sponsored content and press release. KoinFinans.com cannot guarantee the accuracy of the content on this page provided by the relevant company and cannot be held responsible for any damages that may arise from the products and services on this page. Cryptocurrency investments are high risk investments, readers should conduct their own detailed research before committing to any transaction.
The Pi community recently announced an upcoming hackathon. The hackathon officially started on February 1. The team is encouraging the development of an app that finds merchants that accept PI coins.
The Pi Network has outlined specific requirements for the investment application, including using the Pi software development kit (SDK), following data practices, and providing necessary disclosures. Teams participating in the hackathon have only 1 month to create an investment application based on a certain prototype. The winning app will be announced on Pi Day. (Pi day is celebrated on March 14.)
“By building a localized commerce app, participants can play a vital role in facilitating Pi transactions and connecting businesses with the Pi community.” Read more about the upcoming Pi commerce hackathon! https://t.co/plZhgKKlvk
NEWS CONTINUES BELOW— Pi Network (@PiCoreTeam) January 27, 2024
Pi Network has organized global events before. It held a PiFest in December. Pi Network pioneers from more than 130 countries around the world attended the week-long event. The goal of this event was to enable integrating Pi payments into local businesses. It was designed to increase the practical utility of Pi Network’s cryptocurrency by encouraging and empowering businesses. According to Pi Network, the opinions of more than 80 thousand participants were collected through the Pi investment apps survey. This valuable feedback played a decisive role in shaping the project.
Although all these activities are noted as important steps in the development of the project, there are still some concerns that Pi Network is a scam. These concerns stem from the fact that Pi Network is not yet a fully functional cryptocurrency. It is still unclear exactly how the Pi Network team will generate revenue in the future. Since it is not currently available for trading on stock exchanges, many investors think that the coin may be speculative.
While the crypto world follows the developments regarding Pi coin, a mining project manages to gain the trust of investors with its successful pre-sale. Purchasing Bitcoin Minetrix token is an affordable option for those who want to step into Bitcoin mining. Let’s look at the details of the project.
Bitcoin Minetrix (BTCMTX) – Innovative Development in Bitcoin Mining
With its innovative platform and impressive pre-sale performance, Bitcoin Minetrix emerges as one of the most excited projects. Currently in the pre-sale phase, Bitcoin Minetrix has already raised more than $10 million in revenue. The biggest advantage of the project is that it allows even the most inexperienced investors to do BTC cloud mining and access to hash power.
Bitcoin Minetrix token purchase pioneers an innovative Stake-to-Mine model that aims to transform the mining space. Bitcoin Minetrix offers a decentralized mechanism where BTCMTX tokens are staked to generate mining credits, giving users a safer way to enter the lucrative crypto mining space.
Potential miners may be concerned about questionable cloud mining platforms or hash power contracts. Bitcoin Minetrix creates a more sustainable process for mining with its cloud-based approach. Thanks to the decentralized platform, it provides more reliability for investors.
What Kind of Mining Concept Does Bitcoin Minetrix Offer?
By purchasing Bitcoin Minetrix tokens, investors become involved in a developing mining network. The project uses the “cloud mining” mechanism that tries to make BTC mining transparent and sustainable. Thus, BTCMTX holders have the opportunity to secure the native token of the ecosystem, as well as gain access to mining credits.
These mining credits are very useful for two things: On the one hand, you can get cloud mining performance. On the other hand, you can exchange these credits for some of the mining returns.
Users who deposit their coins into the staking pool can earn an annual APY (annual interest return) of 66 percent, according to current data.
BTCMTX is an ERC-20 based coin. With the capabilities of Bitcoin Minetrix, it has the potential to completely transform the cloud mining field. According to many analysts, the project could be one of the most popular crypto ICOs that can help users with safe and efficient Bitcoin cloud mining.
This cutting-edge design attracts a lot of attention from investors and even high-profile crypto influencers. YouTuber ClayBro, who has more than 116 thousand followers, said that the project could become “the easiest way to mine Bitcoin.”
BTC Halving May Be a Factor Boosting Bitcoin Minetrix
Considering the historical price trajectory around Bitcoin halvings, there is a compelling case that BTC could gain massive value in the coming months. The next Bitcoin halving is just under three months away. The halving is planned to take place in April.
Past halvings have been followed by significant bull runs. A prime example of this was the 2016 halving, when Bitcoin went on a long rally for 18 months after the halving. If history repeats itself, Bitcoin could be on the verge of a bull cycle in 2024 and beyond. As a cryptocurrency that is intertwined with the price of Bitcoin, Bitcoin Minetrix can also be positioned to provide great benefit.
Conclusion
Combining factors such as Stake-to-Mine innovation, high staking rewards, and the timing of the Bitcoin halving could make BTCMTX a significant growth candidate. For crypto investors with long-term expectations, Bitcoin Minetrix could be one of the cryptos to watch as its ongoing ICO gains momentum.
Click to review Bitcoin Minetrix token.
Source : bitcoin minetrix