Bitcoin Standard Hashrate Token
Crypto Overview
Purpose and Utility
BTCST is a tokenized version of Bitcoin mining power (hashrate). Each BTCST token represents 0.1 TH/s of Bitcoin mining power. Token holders can stake their BTCST to earn Bitcoin rewards from the underlying mining operations.
Business Model
The project connects Bitcoin miners with investors through tokenization. Miners contribute their hashrate to the protocol, while investors can participate in mining rewards without operating mining equipment directly. The revenue model is based on legitimate mining operations rather than interest-bearing activities.
Real-World Adoption
BTCST has established partnerships with several major Bitcoin mining farms. The protocol maintains active mining operations and distributes rewards to token holders. On-chain data shows consistent staking activity and reward distributions.
Platform Development
The project maintains regular technical updates and platform improvements. The development team actively manages mining operations and maintains transparency about hashrate contributions and reward distributions.
Token Distribution
Initial token distribution included allocations to founders and early investors with standard vesting periods. The majority of tokens were distributed through public sale and mining rewards. Current token distribution shows a reasonable spread among holders.
Crypto Impact
To assign a comfort level investing in Bitcoin Standard Hashrate Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Bitcoin Standard Hashrate Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.