BTC Standard Hashrate is an asset linked to the tokenization of the Bitcoin hashrate, thus allowing to participate (indirectly) in the mining of BTC.
The project was launched by Binance in one of its launchpools, where by blocking BNB, BUSD and BTC it was possible to farm the token.
The farming of the token lasted until February 6 where a total of 40,000 BTCST were distributed, divided between the 3 available pools.
PancakeSwap, at the same time, also launched its pool where BTCST was farmed with a yield of 245% (this yield then dropped to 140% because Cake increased in value).
The BTCST token has a total supply of 1 million and is a BEP20 token therefore based on the Binance Smart Chain.
This token has been listed on Binance and can be traded with BTC, BUSD and USDT.
1 BTCST equals 0.1 TH/s (terahash per second) of mining power for Bitcoin
Holders can stake their BTCSTs and mining rewards are received daily thanks to the power they will have made available: the more tokens staked, the more BTCs you will receive from staking.
WHAT IS NEEDED?
1) Obviously BTCST tokens
2) Trust Wallet or Metamask (configured with the BSC) or Binance Chain Wallet. If you don't know how to use/buy bep20 tokens, I recommend this article: How to Swap Token Bep2 To Bep20: Binance Smart Chain (Yield Farming)
3) BNB (BEP20). BNB is used to stake the BTCST and obviously to make the claim (the rewards are updated daily but I advise not to make the claim always. Even if the BSC fees are very low: about 0.25 / 0.30 $).
4) To stake BTCST, just go to the official website and then to "dapp": BTCST (Website)
How much do you earn? The APY is about 33% (but it is variable, depending on the value of BTCST. At the time of writing BTCST exceeded $ 230, when it was trading at $ 120 it had an APY of about 67%) .
What are the benefits? Surely the 33% return is excellent (APY). However, some may be of the opinion that it is better to buy BTC directly. On the other hand, I believe that BTCST is a good idea and the token could also increase in value over time (because the supply is very low!).
Are you interested in ways to earn crypto bonus? Check it out here: Some Sites To Earn Crypto Bonus (Old & New)
