Will These FTX-Linked Coins Become Zero? What are the Alternative Coins?

The criminal case of Sam Bankman-Fried, CEO of the collapsed FTX exchange, continues. Finally, according to the statement made by Nishad Singh, a close circle of SBF, Bankman-Fried tried to deceive the US Commodity Futures Trading Commission by demanding that his assistants transfer the Serum (SRM) tokens he owned to Alameda’s balance sheet. Singh said in court that he did not carry out the transaction because it “felt wrong” to attempt to deceive a federal regulator.

Caroline Ellison, former CEO of Alameda Research, reportedly told the court that Bankman-Fried asked her to sell BTC if its spot price exceeded $20,000.

“They used FTX’s customer BTC and other customer assets to purchase ‘Sam Coins’ (FTT, Solana, and Serum),” wrote Joe Burnett, marketing manager at Bitcoin financial services firm Unchained. The fate of the ‘Sam Coins’ in question was also a matter of curiosity. Investors also started to turn to alternative coins. Bitcoin Minetrix and Meme Kombat tokens stood out the most.

Bitcoin Price Rises on Spot Bitcoin ETF Hopes, Bitcoin Minetrix Stands Out

Bitcoin price is rising as the likelihood of a spot Bitcoin ETF being approved increases. This brings investors to Bitcoin cloud mining coin. Buying Bitcoin Minetrix tokens directing.

Bitcoin Minetrix (BTCMTX) looks set to be one of the primary beneficiaries of the resurgence of interest in Bitcoin.

BTCMTX takes an approach that solves a number of pressing problems and provides passive income to token holders by receiving a share of Bitcoin mining rewards.

Bitcoin Minetrix, the industry’s first ‘stake-to-mine’ crypto project that tokenizes the cloud mining process, has reached almost $2 million in its pre-sale.

The project allows token holders to cloud mine Bitcoin for $10 in an automated system controlled through a special mobile application.

According to the project’s whitepaper, those who invest during the ICO can earn an estimated annual percentage return (APY) of over 300 percent as of the time this news was written.

Stake-To-Mine Option with BTCMTX Tokens

Stake-to-mine feature once the platform is fully launched Those who purchased Bitcoin Minetrix tokens It will allow them to stake their BTCMTX for Bitcoin mining.

By staking BTCMTX, holders will not only earn staking APY, but the tokens will also be converted into cloud mining credits and then burned to generate allocated cloud mining time.

The mined BTCs will then be distributed to miners’ wallets. The entire process will be managed through a mobile application currently under development.

As it is known, Bitcoin mining has become almost the sole reserve of billion-dollar giant companies. Due to the price and large energy consumption of mining hardware, and despite the BTC price dropping to around $28k, the average cost of mining a BTC is currently estimated to be around $31k.

Cloud mining, a process in which investors or investment groups rent hardware and energy at a lower cost, aimed to solve this problem. However, it has become an area full of scammers.

Bitcoin Minetrix promises to make cloud mining more efficient and secure for smaller and individual investors by tokenizing the process.

BTCMTX tokens can be withdrawn and removed from cloud mining consideration when the staking period expires. It can also be sold on exchanges at any time.

Meme Kombat Brings Innovations to the Meme Coin Universe

While well-established Meme coins show signs of recovery, Meme Kombat (MK), which turned the needle to 600 thousand dollars in its pre-sale, attracts the attention of investors.

Based on the Ethereum Network, this game blends the fun of meme culture with intense online battles, offering players a unique blend of fun and rewards.

What powers this game universe is its own cryptocurrency, MK. When you enter Meme Kombat, you can control artificial intelligence-driven meme characters in exciting virtual fights. What makes this even more exciting is that these battles are unpredictable thanks to the AI ​​algorithm.

But Meme Kombat isn’t just limited to battles, which makes it interesting. It also includes a betting element. Meme Kombat token buyers MK can deposit tokens into these competitions. If they win, they not only earn more tokens but also other great rewards. This betting system brings an additional dimension of fun and involvement to the game.

APY of 112 percent

Meme Kombat offers different ways to do this. There is also Player Versus Game Betting (PvP) where bets can be placed on certain in-game events at set odds.

In addition, bets can be placed on alternatives such as individual match results or how certain game variables change. This structured betting pattern and AI-driven battles make Meme Kombat different in the gaming world and offer an exciting experience to both players and betting enthusiasts.

Along with all the betting fun, Meme Kombat also brings some serious perks for stakers. They currently offer an impressive 112 percent APY for staked tokens, making it one of the best staking opportunities on the market.

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