Green Bitcoin, an eco-friendly crypto with staking rewards, debuts on Uniswap April 5th ahead of CEX listing.
Green Bitcoin (GBTC), a new cryptocurrency project promoting eco-friendly practices, is set to debut on the Uniswap decentralised exchange (DEX) on 5 April 2024.
The token, which recently completed an initial coin offering (ICO) raising $9.6 million, aims to provide users with an alternative to traditional Bitcoin while prioritising environmental sustainability.
The team behind Green Bitcoin plans to introduce a novel staking protocol called ‘gamified green staking’ through its Uniswap listing. This protocol incentivises users to stake GBTC tokens and participate in a price prediction game to earn daily rewards.
By correctly predicting Bitcoin's price movements within a 24-hour window, users can receive a portion of the staking reward pool, proportional to their staked GBTC tokens. Staking tokens for longer periods may result in higher rewards, fostering long-term value for GBTC.
Green Bitcoin distinguishes itself from Bitcoin by operating on the Ethereum blockchain, utilising the more energy-efficient Proof of Stake (PoS) consensus mechanism. This approach significantly reduces energy consumption, with GBTC transactions requiring only 34 watt-hours (Wh) per transaction compared to Bitcoin's 1,173,000 Wh.
Furthermore, Green Bitcoin adheres to a capped supply model, mirroring Bitcoin's total token issuance of 21 million. This scarcity contributes to GBTC's value proposition and underscores its commitment to sustainable tokenomics.
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As Green Bitcoin prepares for its Uniswap listing and subsequent developments, the broader cryptocurrency market is anticipating significant events, including Bitcoin's quadrennial halving scheduled for 19 April 2024. Bitcoin halvings historically precede market rallies, driving increased demand and price appreciation.
In related news, Bitcoin Cash (BCH) recently surged 10% after completing its reward halving event, becoming one of the few gainers in an otherwise subdued market. Analysts speculate on the potential impact of Bitcoin's upcoming halving on market dynamics, with historical precedents suggesting increased volatility and potential price rallies.
BUY & STAKE $GBTC WITH THE CHANCE OF SECURING 100% BONUSES
In summary, the launch of Green Bitcoin on Uniswap, coupled with its impending centralised exchange (CEX) listing and innovative staking protocol, represents a notable development in the cryptocurrency market.
With its focus on environmental sustainability and unique tokenomics, GBTC aims to offer users a greener alternative to traditional cryptocurrencies.
