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99Bitcoins ($99BTC) – a new BRC-20 token – is hitting key milestones during its ongoing presale, catching the attention of deep-pocketed investors.
The new crypto ICO has now raised over $2 million in a span of just a few weeks, a sign of its high upside potential.
Furthermore, the 99BTC smart contract has passed the SolidProof audit, boosting its already impressive fundamentals.
99Bitcoins’ strong presale performance has drawn praise from experts and crypto influencers, with some even hinting at the possibility of 10x returns after its launch.
99Bitcoins New Crypto ICO Raises $2 Million
BRC-20 tokens are seeing significant demand in this bull market, owing to their strong correlation with Bitcoin. With experts’ Bitcoin price target for 2024 ranging from $100k to $250k, these tokens could also deliver outsized returns.
99Bitcoins’ entry in the BRC-20 race was met with significant hype and excitement, even from experts such as Michael Wrubel – who has over 300k subscribers on YouTube.
99Bitcoins is one of the top crypto and Bitcoin education platforms available, founded in 2013, even before the Ethereum blockchain. The platform has over 2.8 million subscribers while its YouTube channel has another 700k.
The new 99BTC token is designed to be at the core of 99Bitcoins’ transition from just a crypto education platform to a learn-to-earn ecosystem.
Essentially, the new cryptocurrency offers considerable financial incentives to the platform’s nearly 3 million subscribers, provided start holding the token. This includes alpha trading signals and strategies, access to VIP groups and lucrative staking rewards. Users can simply progress through 99Bitcoins’ learning material and receive free crypto in their wallets.
This learn-to-earn utility is the key factor driving 99BTC’s demand amongst smart-money traders. If even half of the platform’s subscribers decide to buy and hold the token, it could see significant growth after its launch.
99BTC Token Passes SolidProof Audit
99BTC has also successfully completed its smart contract audit, publishing the audit report on its presale website.
The report reveals no security risks in the contract that could put investors’ funds at peril. Furthermore, it is prone to common centralization risks.
For instance, the contract is non-upgradable and therefore cannot be tampered with, especially since its ownership has also been renounced. This means that the owner cannot mint new tokens, blacklist addresses or pause the contract.
The 99Bitcoins’ SolidProof audit alleviates some of the concerns associated with new cryptocurrencies while improving its fundamentals. However, experts weren’t overly concerned with the project’s legitimacy to begin with.
Firstly, as previously mentioned, 99Bitcoins is not a new name in the crypto industry. More importantly, the token is not being run by an anonymous developer team. Instead, the 99Bitcoins founder and chairman Daniel Morgan is a well-known Web3 thought leader and evangelist.
Morgan’s popular article on Bitcoin Obituaries – a satire on several times the mainstream media claimed BTC is going to zero – gained worldwide recognition.
Furthermore, the 99BTC token has adopted community-centric tokenomics, with no portion of the supply reserved for the developer team. Investors can check out the exact token supply allocation on the presale website.
99Bitcoins Airdrop Registration Deadline Approaches
99Bitcoins has announced an airdrop for community members, offering $99,999 in Bitcoin to 99 lucky winners.
With over $1000 up for grabs for each winner, it is no wonder that the campaign already has close to 12,000 entries. However, late entrants will have just as much of a chance to secure the bounty as those registering early.
Interested participants can head to the 99Bitcoins presale website and use the Gleam widget to complete a few simple requirements. The winners will be decided on July 19th.
Considering that the Bitcoin price is on the verge of a major breakout, the airdrop winnings could end up turning into a small fortune for the lucky winners.
*Cryptonomist did not write the article or test the platform.
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