Bitcoin Minetrix Unveils Stake-to-Mine Model for Efficient Crypto Mining

In an effort to enhance the accessibility and efficiency of mining, Bitcoin Minetrix has launched an innovative Stake-to-Mine model. This tokenized cloud mining platform has initiated its initial coin offering (ICO), offering early investors the chance to purchase the $BTCMTX token at an introductory price of $0.011.

The newly introduced digital asset, Bitcoin Minetrix (BTCMTX), seeks to transform the Bitcoin mining landscape by removing the dependence on expensive and energy-intensive equipment. Instead, holders of BTCMTX tokens can stake their assets to earn mining credits, which can then be used for Bitcoin cloud mining. This groundbreaking approach is intended to promote a more sustainable and secure method of cryptocurrency mining.

The ICO is structured into 10 phases, with the token price scheduled to rise incrementally after each round. A total of 4 billion tokens have been issued, with 5% designated for Bitcoin mining, 35% for marketing initiatives, 15% for community engagement, and 7.5% for staking rewards until the platform is fully established. Through this ICO, Bitcoin Minetrix aims to raise over $15 million.

Bitcoin Minetrix made its debut on September 27, 2023, and within just one day of the ICO announcement, the project successfully raised $115,000. A smart contract audit for $BTCMTX was conducted by Coinsult on September 20.

The Stake-to-Mine model simplifies Bitcoin mining by enabling users to earn non-tradeable ERC-20 mining credits through staking their $BTCMTX tokens. These credits can then be redeemed for access to Bitcoin cloud mining power. Additionally, users have the option to un-stake their tokens after fulfilling the minimum staking period if they choose to exit and sell their tokens at the prevailing market price.

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