2024-12-24T16:42:29+0800

Tim Hakki Last updated: April 5, 2024 12:41 EDT | 3 min read Green Bitcoin is pioneering green gamified staking. A new eco-friendly Bitcoin alternative called Green Bitcoin (ticker: GBTC) landed on Uniswap at 1PM UTC today and it posted an instant 1.6x windfall after one whale bought $44k worth of it. GBTC began trading at $1.10 but climbed 63% to reach a high of $1.79 immediately after the launch as a result of the whale purchase. Profit takers have since shaved about 44% off its launch price as the token changes hands at $0.70 as of this writing. The team says it is ready with buybacks to gradually bring the price back up. It has also locked in around $200,000 (or 284,949 $GBTC) of liquidity for the next year. Both measures are already helping relieve the downward price pressure. Today’s Uniswap listing brings Green Bitcoin’s innovative (and addictive!) predict-to-earn “gamified green staking” protocol to the wider public. It will be followed by a centralized exchange (CEX) listing announcement next week. Details on the CEX listing are thin at present, but the token will begin trading on the CEX the day after the announcement, April 11. A major update to the gamification protocol will follow on April 18, 2024. From ICO To Uniswap: GBTC. There’s nothing out there quite like Green Bitcoin. Early investors agree, and have poured a tidy $9.6 million into the eco-friendly Bitcoin alternative over a month-long ICO that has just ended. If the popularity of gamified green staking seems surprising, it’s probably because the idea is much simpler than it sounds. To claim daily $GBTC rewards, users have to buy $GBTC tokens, stake them on the protocol, and play the price prediction game. They then cast daily predictions on whether Bitcoin will go up or down within 24 hours. Every 24 hours, the users that predicted correctly earn a share of rewards from the daily staking reward pool proportional to the amount of $GBTC tokens they staked. Holders can stake tokens for up to six months to earn bigger rewards. Staking is also a fundamental part of Green Bitcoin’s tokenomics. By reducing GBTC’s circulating supply, staking acts as a long-term price driver. GBTC is Better For The Planet Than Bitcoin. The $GBTC token has a circulating supply of 21 million, a clear nod to its... https://cryptonews.com/news/whale-sends-green-bitcoins-gbtc-token-up-1-6x-on-uniswap-launch.htm #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #bitcoin #bitcoinnews #bitcoinnewstoday #gbtc #gbtcnews #gbtcnewstoday #greenbitcoin #greenbitcoinnews #crypto ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple