Prix de Bitcoin Standard Hashrate Token (BTCST)

What is Bitcoin Standard Hashrate token aiming is to decrease the barrier of entry for newcomers to experience the benefit of Bitcoin mining. There is a huge entry of barrier to participating in Bitcoin mining and often users are left with an expensive option to start their Bitcoin mining venture. This is where Bitcoin Standard Hashrate Token or BTCST comes in. The token provides exchange-grade liquidity to Bitcoin mining, each BTCST is collateralized by 0.1 tera hash per second of bitcoin mining power. The process of staking BTCST is what makes it possible for users to contribute and get daily rewards corresponding to the mining power that is staked. And because the price of BTCST in the market is determined as the discounted cash flow of the inherent mining power, the BTCST on the secondary market will carry out as a leveraged token free from liquidation risk. With this, BTCST will create a very efficient market for Bitcoin’s mining power and will create institutional liquidity for Bitcoin.

BTCST Features and Updates

Exchange trading of Bitcoin mining power

Every BTCST is a token backed and collateralized by a standardized actual unit of Bitcoin mining power. Owning and holding a token is legally and functionally equivalent to owning the inherent mining power. Even miners that lack mining power tokenized by BTCST can utilize the token to secure profits or hedge against the mining machine price volatility.

Issuance - Bitcoin mining power standardization and tokenization 

BTCST can only be provided when a confirmed Bitcoin mining power has been acquired by the project. In the contribution program section, the miner will have to determine which to choose in allowed mining power for the project in return for newly issued tokens (BTCSTs).

Stake-to-Mine

BTCST can claim mining rewards directly from the Bitcoin network centrally and distributes them to users or holders decentrally. The project aims to partner with reputable mining pools for claiming rewards on the Bitcoin network. The centralization aspect of this step is necessary to make sure of feasibility and accountability.

Liquidity premium protection

The project expects the price of BTCST to direct a liquidity premium in contrast to mining power without tokenization. To protect the premium against sell pressure, the issuance of BTCST tokens must be approved by the project’s governance board.

BTCST as a leveraged Bitcoin token

Every BTCST token is collateralized by a real mining power. Therefore, the token market value can be decided by the discounted cash flow model. The price action of BTCST in the secondary trading market should follow bitcoin and the BTCST should be able to act as a leverage Bitcoin token in an efficient market.

Risk Disclosure and Risk Management

Intrinsic risks in Bitcoin mining are equally applicable to this project because the mining power of BTCST is the base collateral. The tokenization concept introduces additional risks. To be able to manage the risks, the program team will select historically stable sites and diversify equipment models.

BTCST Team

Consisting of mining veterans with years of experience constructing and managing mining sites in several places in China. The assets that are under the BTCST’s team management include the largest cloud mining providers in the world. The governance board will have three seats on launch, two of the seats will be occupied by the project team and the remaining seat will be occupied by the partnered mining pool.