New deflationary cryptocurrency on the Ethereum blockchain, Bitcoin ETF Token, has surpassed the $200k milestone in its presale. The approval of a spot Bitcoin ETF is edging closer, but the exact timeline is still unclear.
As crypto investors anticipate the SEC’s decision, a new ERC-20 crypto presale project, Bitcoin ETF Token, has been introduced, providing investors with an opportunity to capitalize on the anticipated effects of spot Bitcoin ETF launches in the US.
Deflationary Staking Coin Rewards Investors During Bitcoin ETF Milestones
There are rumors about the SEC likely approving a spot Bitcoin ETF in the US. The Bitcoin ETF Token is crafted as a deflationary, staking coin that can reward holders during key Bitcoin ETF milestones.
As these milestones are achieved, like announcing an exchange-traded fund (ETF) approval date or the first ETF going live for trading, a part of $BTCETF’s total supply will be burned. The development team aims to burn 25% of the total token supply over time, reducing it from 2.1 billion $BTCETF to 1.57 billion $BTCETF.
This deflationary process is designed to make the token scarcer and encourage long-term holding. Additionally, $BTCETF offers staking rewards that will increase based on how long holders lock up their tokens.
Presently, the staking rewards offer 1,137%, and they will decrease as more $BTCETF tokens are pledged. The project’s whitepaper mentions that 25% of the total supply is set aside for staking, promoting network security and stability.
For the complete details of the new crypto, Bitcoin ETF Token, watch the video above and subscribe to his YouTube channel to discover more crypto presales. Jacob Crypto Bury also runs a Discord channel with 17,000 members, providing trading insights and information on upcoming crypto presales.
$BTCETF Presale Nearly 50% Sold Out in the Current Presale Phase
The brand-new Bitcoin ETF Token’s ICO is just a few days old, but it has attracted over $200k from investors. Potential investors may visit the btcetftoken.com for their ongoing presale, providing early supporters with an opportunity to get tokens at $0.005.
However, the price will increase to $0.0052 in the next stage. This presale consists of ten stages, and each stage has an allocation of 84 million $BTCETF tokens. Buyers in the presale can access 40% of the total supply.
After the presale concludes, the team plans to launch the tokens on decentralized exchanges (DEXs) to make them accessible to everyone. At the launch, 10% of the total $BTCETF supply will be used for liquidity, and a token-burning mechanism will be activated through a sell tax.
Initially, every $BTCETF transaction will have a 5% tax, meaning 5% of the transacted tokens will be destroyed. However, with each real-world milestone, like the first Bitcoin ETF approval, the tax will decrease by 1%.
— BTCETF_Token (@BTCETF_Token) November 9, 2023
Eventually, once all milestones are reached, the transaction tax will be 0%, rewarding buyers who stay with the project through significant events. This decreasing tax structure aligns with the deflationary token burn approach mentioned earlier, aiming to benefit $BTCETF holders over time.
This setup offers early supporters of the Bitcoin ETF Token project the most favorable buying opportunity available.
The Bitcoin ETF Token Telegram channel and Twitter are experiencing a surge in new members as news about the presale spreads across social media and crypto communities. Interested investors may visit our guide on how to buy Bitcoin ETF Token here.
A Trustworthy Investment Opportunity for Crypto Investors
Bitcoin ETF Token‘s trustworthiness has received a further boost through coverage from major crypto news outlets. The ongoing presale and distinctive concept of the project have grabbed the attention of influential crypto sites.
The extensive coverage from leading news outlets underscores the broad interest in $BTCETF and adds more credibility to the growing project. Additionally, Bitcoin ETF Token’s detailed roadmap outlines specific milestones that will initiate token burns and reduce sell fees.
Bitcoin ETF Token recently passed an advanced smart contract audit conducted by Coinsult, a top blockchain auditing firm. The thorough audit examined the token’s smart contract code to identify any vulnerabilities or issues.
Coinsult’s manual code review found no high or medium-risk issues with Bitcoin ETF Token’s smart contract. The audit highlighted the contract’s essential features, such as the owner’s inability to mint new tokens or blacklist addresses, crucial for limiting centralization risks.
Coinsult also verified the 5% sell fee and noted that the owner could exclude addresses from fees. Overall, Coinsult’s favorable audit report enhances the credibility of the Bitcoin ETF Token project. With no significant issues discovered, the audit provides confidence to investors regarding the integrity of the smart contract code.
With a clear tokenomics and roadmap, Bitcoin ETF Token’s creators have outlined a transparent strategy to create value. Consequently, investors have insight into how the tokenomics are structured to benefit them in the months and years ahead.
This authenticity and alignment of incentives further affirm the credibility of the Bitcoin ETF Token. Take part in the $BTCETF token presale at btcetftoken.com.
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