How To Buy Bitcoin Minetrix – Coin Buying Guide 2023
For the last quarter of the year, you should be clear about your portfolio goals, and diversification is essential for navigating the bearish market. It is not necessary to invest everything in Bitcoin (BTC). To diversify, there are different altcoins, including Bitcoin Minetrix (BTCMTX), a direct competitor to the reigning cryptocurrency.
What Is Bitcoin Minetrix?
According to their website, Bitcoin Minetrix is a cloud mining app designed to allow retail investors to mine bitcoins in a decentralized manner. Tokenizing cloud mining is their way of ensuring a safe, transparent experience, even for newbies in the digital asset market.
The BTCMTX token holders have gained control over the mining process by eliminating the risk of scams during third-party iCloud mining. BTCMTX tokens can be staked in exchange for cloud mining credits you can use to mine bitcoins, as stated by the project’s developers.
The proposal is described as a ‘reliable solution’ for those who believe in the cryptocurrency market and is the next step in Bitcoin mining. As a result of this initiative, certain issues are being addressed, such as the high cost of large mining equipment, the significant consumption of energy, and the prevalence of scams.
The solution only requires investors to stake and buy BTCMTX to generate credits for cloud mining. Promoters of Bitcoin Minetrix argue that this decentralized method ensures the security and transparency of users’ actions on the app.
This project has a total supply of 4,000,000,000 BTCBMX, and its creators have set a goal of raising at least 15 million dollars through their presale. They have allocated 70% of this number for the 10 stages of their ICO.
In the presale, 12.5% of the rewards generated by stakers will be reserved for rewards. By doing this, the community can stake their BTCMTX tokens immediately. As described in the whitepaper, funds raised will be used to launch the Bitcoin Minetrix app and market the token, leading to the eventual purchase or rental of a cloud mining operation.
According to the company’s website, 42.5% of tokens will be utilized for mining operations. A further 35% is allocated to marketing and proposal growth.
Also, 15% of the BTCMTX rewards will be dedicated to community incentives for active participation, with the remaining 7.5% dedicated to BTCMTX staking rewards until a cloud mining app is developed for Bitcoin Minetrix.
Learn more about the What is tokenomics? Guide to understand more about this important feature on crypto projects.
Stake to Mine (S2M)
Stake to Mine, a concept based on Play to Earn (P2E), aims to open up Bitcoin mining to retail investors due to the dominance of large corporations in the crypto mining industry.
Therefore, investors in Bitcoin Minetrix must only use a crypto wallet compatible with ETH, such as MetaMask or Trust Wallet. Once they have staked their BTCMTX tokens, they can follow the instructions.
As the process is conducted through the magic of the internet, cloud mining eliminates the need for massive and expensive equipment. As a result, several benefits are evident:
- Ease of Entry: Using cloud mining, you do not need to possess technical expertise, configure hardware, and maintain it. Beginners will find it easy to use.
- Cost Efficiency: Individuals can avoid high electricity costs and hardware investments using advanced cloud mining companies’ equipment.
- Space and Noise: Bulky, noisy, and heat-generating mining rigs are common. Cloud mining eliminates these inconveniences for users.
- Resale Worries: It can be challenging to resell obsolete mining hardware due to the rapid aging of the equipment. Mining companies are responsible for upgrades in cloud mining.
This staking feature makes $BTCMTX token of of the best altcoins you can buy this year.
What is the Point of Bitcoin Minetrix?
You should know that Bitcoin Minetrix aims to evolve the traditional cloud mining services before purchasing it. To begin with, its creators claim that they ensure that no money will be exchanged to certify actions on the app by using ERC-20 tokens.
A second strategy involves investors deciding how much hash power they need based on the number of mining credits they acquire through staking. Lastly, staking allows end-users to manage their allocations in a more secure and decentralized way, thanks to the capabilities of Ethereum’s smart contracts.
The BTCMTX Token
Bitcoin Minetrix is a cloud Bitcoin mining service based on a staking strategy embedded within a smart contract powered by Ethereum. These credits can be obtained by simply purchasing and staking tokens.
Hash power can be obtained by exchanging these credits. Decentralized mining provides a transparent, secure mining experience by safeguarding users’ actions. This is an excellent feature that makes $BTCMXTX token one of the best crypto to buy this year. We’ll discuss more advantages you can get by buying the token.
As part of this project, mining credits have been conceptualized, which are non-transferable access tokens obtained through staking the desired BTCMTX tokens. As part of the exchange process, these ‘secondary tokens’ are burned in exchange for cloud mining time or a percentage of the earnings. It ensures that mining credits remain uncompromised by not making them tradable.
Pros and Cons of Buying Bitcoin Minetrix in 2023
Consider these reasons for getting involved or abstaining if you still have doubts.
- Tokens should be staked immediately until the presale ends.
- Bitcoin mining is easy to access.
- Technical knowledge is not required.
- Bitcoin can be mined without any operation workload.
- There are no large set-up costs associated with mining farms.
- There will be a delay in developing the Bitcoin Minetrix facility.
- Bitcoin halving will increase mining difficulty.
- The amount of hash power needed for a return on investment is unknown.
Your Money is at Risk.
Bitcoin Minetrix Roadmap
As soon as the dedicated supply for the ICO is exhausted, the presale for BTC Minetrix will end.
As soon as BTCMTX becomes available on its first cryptocurrency exchange, buyers can claim their tokens from the website simultaneously after the presale concludes. Project promoters say that all claim and launch dates will be announced via social media (Twitter, Telegram, and Discord). Certainly, the $BTCMTX token could be one of the best crypto presales this year.
The following are the phases, costs, and deflationary strategy of BTCMTX:
Phase 1: Research, Presale, and Token Distribution
- Consultation and research with the industry
- Development of tokens, presales, and staking contracts
- Pre-sale launch, claim, and CEX/DEX exchanges for BTCMTX
- Launch of a comprehensive multimedia marketing campaign
Phase 2: App Development and Facility Setup
- App & Desktop software development
- Expansion of the team
- Mining conglomerate negotiations
- Development of stake-to-mine contracts
- Listings on CEX
- Tokens that can be staked to earn BTCMTX
Phase 3: Public Launch of Stake-to-Mine App
- Launch of the Stake-to-Mine mobile and desktop dashboards
- Live burn of mining credits for hash power
- Withdrawals of the first BTC mined to the wallet
- Growth of the company
- Continued negotiations with external cloud mining companies
- Marketing campaign involving affiliates and influencers
Phase 4: Mass Adoption of BTCMTX Token
- Disrupt the Bitcoin mining industry and reshape it
- Expansion of mining rental facilities
- Market cap growth will be driven by continued marketing
Bitcoin Minetrix Price Prediction
Since Bitcoin Minetrix is a revolutionary crypto project with a stake to mine, it is difficult to determine its exact price potential. That, however, is one of its greatest strengths, as pioneering protocols often set the pace and lead to tremendous growth.
Allowing retail investors and those on a smaller budget to participate in Bitcoin mining seems to be a masterstroke, as Bitcoin mining is already a multi-billion-dollar business. Despite its early stages of development, the project will also make investment management extremely easy through a mobile app.
Early investors were able to take advantage of one of the year’s best ICOs for only $0.011 in the first stage of the presale.
How To Buy Bitcoin Minetrix in 2023 – Conclusion
As a new, deflationary project, Bitcoin Minetrix offers early investors the chance to make quick returns during its presale.
Additionally, it allows you to diversify your cryptocurrency portfolio. In other words, BTCMTX provides exposure to the price of Bitcoin since it is a Bitcoin mining project.
It is important to remember that investing in cryptocurrencies carries some risks, so investing all your money or even your savings is not advisable.
Your Money is at Risk.