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Green Bitcoin (GBTC), one of the most trending new crypto launches that concluded its presale in late March, has now announced the date it will go live on the world’s leading DEX, Uniswap.
Having hit its $9.5 million hard cap earlier than expected, $GBTC will now make its debut on Uniswap on April 5th at 1:00 pm UTC.
In addition to its Uniswap listing, the tweet has also revealed the date of its first CEX listing – the exchange is set to be revealed April 10th, with trading then starting April 11th.
Summary
What Is Green Bitcoin (GBTC)?
Green Bitcoin, as evident from its name, aims to offer a more sustainable version of Bitcoin. Developed on the Ethereum blockchain, this eco-friendly Bitcoin alternative boasts the same tokenomics as Bitcoin, i.e., its total supply is 21 million.
What makes Green Bitcoin stand out from other greener Bitcoin derivatives however is its gaming utility. Known as gamified staking, this perk brings long-term benefits through community engagement.
With gamified staking, investors will be able to take part in new challenges every week and win up to 100% in token bonuses.
Green Bitcoin has dedicated 27.5% of the total supply to the reward pool—5.8 million $GBTC tokens. The “Green Paper” states that the reward pool will be distributed over two years.
However, since the gamification protocol is yet to arrive, Green Bitcoin has also introduced a standard staking model. This model allows investors to hold their tokens in return for staking perks.
Even presale investors were invited to stake their tokens. The greenbitcoin.xyz website displays that over 8 million $GBTC tokens have been staked so far, and the estimated reward rate is 72%.
Predict-to-Earn – A New Form of P2E
P2E is rightly referred to as play-to-earn, but Green Bitcoin is bringing a change with its unique gaming mechanic, giving another meaning to this abbreviation – predict-to-earn. This approach tests investors’ knowledge about the current market by letting them call the Bitcoin price over the next 24 hours.
This betting mechanic is tied to the staking model, which involves Green Bitcoin accumulating rewards every 10 minutes.
Here are the steps involved with this predict-to-earn game:
- First, those who stake their tokens place their Bitcoin price prediction (referred to as Green Bitcoin price prediction in the whitepaper). They can bet on whether BTC will rise or fall the next day.
- If stakers predict correctly, they will be given a proportional share of the staking reward pool.
This mechanic encourages community engagement by keeping Green Bitcoin on the minds of crypto enthusiasts and ensuring that investors continue to stake to stabilize the Green Bitcoin network.
Staking Period Rewards
Green Bitcoin has taken a unique spin on traditional staking rewards as well by combining conventional APY perks with bonus models.
There are four types of stakers, ranging from daily to six-month stakers. Daily stakers will be given access to conventional APY rewards. However, those who stake their GBTC tokens for a week and so on will also earn a 5 to 15% bonus.
Why Invest in Green Bitcoin?
With the listing date drawing close, investors must gear up to invest in this green IDO due to the following reasons.
Better Bitcoin Alternative
There have been multiple Bitcoin iterations in the past, and most of them have had their own sustainable spin. However, since most of their gimmick was limited to sporting Bitcoin’s tokenomics, Green Bitcoin offers a real utility.
By tying staking with gaming and making that game a test of crypto knowledge, Green Bitcoin offers a unique experience. It is creating community engagement while incentivizing holding the tokens.
Affordable Entry Point
Green Bitcoin offers an affordable entry point for investors. Its sub-dollar value will likely bring many investors who want to invest in cryptocurrencies but have rested on the sidelines due to costs.
Potential Pump
Green Bitcoin will be listed on a centralized exchange shortly after its debut on Uniswap. This can lead to the GBTC price pumping for a short period of time, giving short-term gain seekers an incentive to invest in this project.
Tied to Bitcoin
Although not actively associated with Bitcoin, Green Bitcoin establishes a passive connection with the world’s leading crypto through its gaming utility. The predict-to-earn model involves predicting the Bitcoin price, making Green Bitcoin more relevant. There might come a time when avid Bitcoin investors discuss Green Bitcoin.
Attention from Whales
Green Bitcoin’s unique attributes and marketing efforts on the likes of Cointelegraph and Business Insider have made the new crypto launch attractive to whales.
One crypto whale bought close to $100,000 worth of GBTC tokens, tracked on Etherscan.
As more buyers arrive once it goes live on DEX, a parabolic increase could be seen in the GBTC price chart.
Follow Green Bitcoin’s Socials for Updates
With the recent announcement of Green Bitcoin’s upcoming listings, the crowd anticipates that a major pump is on the way for GBTC. As the listing dates draw near, more updates will be announced via Green Bitcoin’s social media channels.
Those interested can follow the links to keep up to date with the project’s latest developments and next week’s CEX listing announcement:
*Cryptonomist did not write the article or test the platform.
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