Bitcoin Standard Hashrate Token

Purpose and Utility

BTCST is a token that represents Bitcoin mining hashrate, allowing users to effectively own and trade Bitcoin mining power without operating physical mining equipment. Each BTCST token represents 0.1 TH/s of Bitcoin mining power. Token holders can stake their BTCST to earn Bitcoin rewards proportional to their mining power.

Business Model

The project's business model revolves around tokenizing Bitcoin mining hashrate, making it more accessible to users who cannot or do not want to operate physical mining equipment. The hashrate backing comes from established mining farms, and the rewards distribution follows a transparent mechanism.

Real-World Adoption

The token has maintained active usage within its ecosystem, primarily for staking to earn Bitcoin rewards. The project has partnerships with several mining farms and continues to operate its core functionality of distributing mining rewards to token holders.

Platform Development

The platform maintains regular updates and technical improvements to its staking and reward distribution mechanisms. The development team actively maintains the protocol and implements security improvements.

Token Distribution and Governance

The token distribution includes allocations to the founding team and early investors, with vesting periods in place to prevent immediate selling. The project maintains transparency regarding token allocations and mining reward distributions.