Pi Network, the highly popular crypto project, announced its important plans for the opening of its Mainnet. In a strategic move, the Pi core team announced that they will release the official roadmap for Mainnet launch this December. This plan involves establishing an official connection to the Blockchain network and enabling official Pi trading.
On the other hand, the Pi Core team also announced the development of Decentralized Moderation, the latest feature of the Fireside Forum. This app reportedly uses innovative token-based incentives to create a true Web3 social media platform and encourage accountable community-driven moderation.
All these developments brought some hope to the Pi community, which was now fed up. However, investors did not stop researching Pi Coin alternatives. Below we have discussed two Pi Coin alternative projects.
Sponge Token V2 (SPONGEV2) – Attractive Token with Stake-to-Bridge Mechanism
Sponge Token V2 follows in the footsteps of Sponge V1, which skyrocketed from a $1 million market cap to $100 million in a matter of days, delivering 100x returns to its early investors earlier this year. Sponge V1, a ‘real’ meme coin based on the popular SpongeBob series, had no utility but relied on its ability to build community and market to generate significant excitement and FOMO.
Sponge V2 continues this legacy and introduces a “stake-to-bridge” model that allows investors to gain early access to tokens before they hit mainstream exchanges. This refers to the process of connecting a crypto asset with another blockchain or ecosystem after staking.
Project, Those who purchased Sponge Token V2 It differs from its predecessor by offering a play-to-win (P2E) game for. Players will use SPONGEV2 to purchase game credits and earn additional tokens as they progress through the game. The project aims to secure listings on tier-one exchanges, following in the footsteps of Sponge V1, which is already available on platforms such as Gate.io and MEXC.
Sponge V1 is working on a stake-to-bridge model where they need to ‘bridge’ their tokens, which are then locked forever. Staking rewards are distributed over four years on Sponge V2, and investors receive the first batch of V2 tokens before they are listed on exchanges. The project aims to secure listings on top exchanges including Binance, among other major platforms.
Sponge Token V2 is available for purchase in case. However, it is important to note that the only method to gain access is to participate in the staking-to-bridge mechanism. Once the staking period ends, individuals can claim SPONGEV2 coins by visiting the official SPONGE website and completing a claim submission.
Essentially, this innovative strategy creates a mutually beneficial connection between existing and future SPONGE tokens. It provides incentives to owners while channeling cash and momentum towards SPONGEV2.
Bitcoin Minetrix (BTCMTX) – Mining Icon Project Raises Prospects as Bitcoin Rises
It is known that there is growing optimism among those involved in the cryptocurrency business about the potential launch of a Bitcoin Exchange Traded Fund (ETF) in early 2024.
If allowed, these funds are expected to create a significant wave of institutional money and increase Bitcoin’s penetration into the mainstream market.
Given the potential for increased institutional demand, which is a positive indicator for Bitcoin, investors are rushing to expand their investments in the world’s largest cryptocurrency.
Bitcoin Minetrix (BTCMTX), a creative startup, is attracting attention as Bitcoin continues to stay relevant. BTCMTX offers a different method to make BTC. This project is positioned as a new cryptocurrency that allows anyone to easily and safely participate in Bitcoin mining.
Bitcoin Minetrix offers customers the opportunity to purchase and stake Bitcoin Minetrix tokens on the Ethereum platform to gain cloud mining capabilities for Bitcoin, eliminating the need for costly hardware or mining contracts.
This method effectively addresses key challenges that limit the usability of mining, such as lack of clarity in the cloud mining industry.
Alternatively, investors can potentially earn a maximum annual percentage return (APY) of 110 percent by participating in the staking protocol within the Bitcoin Minetrix ecosystem. This protocol offers a second method to earn cryptocurrency.
Thanks to the majority of Bitcoin Minetrix token buyers, the project is currently experiencing a popular pre-sale phase, which has resulted in a fundraising of over $5.5 million. The pre-sale maximum is $15 million, indicating that there is ample opportunity for investors to participate in the project before its launch.
Following the pre-sale, the roadmap includes plans to increase liquidity through exchange listings, as well as develop a mobile app and establish partnerships to increase mining capacity. BTCMTX token is currently priced at $0.123 during the presale, with an increase in price likely to occur in the later stages. However, investors are advised to take immediate action as the price is expected to rise tomorrow.
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