Binance LaunchPool First Hashrate Token Project Officially Selected to Join TRON Century Mining
We are excited to introduce the renowned Binance LaunchPool project, BTCST (Bitcoin Standard Hashrate Token), to the TRON DeFi ecosystem with the launch of TRON Bridge (BTCST-BEP20 to BTCST-TRC20). In the meantime, we are also pleased to announce BTCST will join TRON Century Mining with liquidity mining (LP) pool BTCST-TRX at SUN.io.
In an effort to reward users for their support and participation, the BTCST team will invest $100,000 into TRON Century Mining pools, and Justin Sun will put in $50,000, 50% of the project’s committance, into the BTCST-TRX LP Pool. Mining speed for the pool will be up to 15, allowing a mining experience of high speed and high rewards.
Users who take part in TRON Century Mining will earn rewards in 6 tokens: TRX, SUN, BTT, JST, WIN and BTCST.
TRON Token Gift Pack Daily Rewards for BTCST Project Team:
BTCST Project Committance Mining Pool Allocation:
BTCST-TRX LP Mining Pool and Staking Details:
BTCST-TRX LP Pool Duration: March 22, 2021 21:00 — April 12, 2021 20:59 (SGT)
Stake BTCST-TRX LP:
- Visit JustSwap.org and provide liquidity to earn LP tokens.
- Go to SUN.io to stake LP tokens.
Rewards Unlocking and Issuance
1. Each batch of mining rewards will be unlocked once a week with all rewards issued within 24 weeks, starting from a week after participation. For example, if you begin mining in the 1st week, then all your rewards will be unlocked and issued in the 25th week.
2. 10% of the total LP pool mining rewards (i.e. 33% of the total SUN rewards) can be withdrawn at any time. The remaining token rewards, including TRX, BTT, JST, SUN, WIN, will be unlocked once a week, and will be unlocked within 24 weeks.
Similar to how Grayscale Bitcoin Trust works for Bitcoin, BTCST, as the first Bitcoin hashrate fund in the blockchain industry, is the first and only hashrate token on Binance LaunchPool. Each BTCST is a token collateralized by actual Bitcoin mining power. Since its launch, BTCST soared to top of the chart in terms of TVL on Binance LaunchPool. The project features zero VC and PE investments, no reserve for the team, and is wholly operated by the community through its BSC-based smart contracts.
BTCST has recorded a daily trading volume of $80 million on Binance and is available on Binance, VCC Exchange and PancakeSwap. BTCST has collaborated with five major mining projects, namely BTC.TOP, Easy2Mine, Genesis Mining, Atlas Mining and Hengjia Group, and is supported by MathWallet, TokenPocket, SafePal, among multiple other wallets.
“BTCST is already deployed on the Binance Smart Chain as a cloud mining platform, and we support the project through our mining pools”, said Binance CEO and Founder, CZ (Changpeng Zhao). “We are happy to continue working with BTCST on its development through Binance Launchpool”.
BTCST Official Website: https://www.btcst.finance/
BTCST Dapp: https://app.btcst.finance/
BTCST Contract Address: TFVge5Nb6or8cpdtdwPuXSGqLHpj3PM9Rp
March 19th, 2021