Green Bitcoin: Why Are Traders Betting on the New Ecological Crypto?

Green Bitcoin recently surpassed the $7 million mark as traders back the $GBTC token for huge upside potential due to its unique features. The project intends to foster a thriving and active blockchain through its predict-to-earn mechanism, allowing users to predict the price of Bitcoin and earn rewards.

With pre-sales progressing rapidly, the opportunity for early adopters to position themselves at the lowest price is quickly running out as the price steadily increases.

The project has created a unique staking mechanism that allows users to make predictions about the future price of Bitcoin to earn huge rewards tailored to their investment level and at the same time earn staking rewards.

Green Bitcoin is considered a greener alternative to Bitcoin. It combines the legacy of Bitcoin with the proof-of-stake consensus mechanism of Ethereum. As a result, Green Bitcoin has created an ecosystem linked to the price of Bitcoin through price predictions without any environmental impact.

Users of the Green Bitcoin project will stake $GBTC to participate in daily price predictions and earn huge rewards. Price predictions are ingrained in the staking system and the team will release new daily and weekly challenges based on Bitcoin’s price action.

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What is Green Bitcoin and how does it reward users for accurate price predictions?

Green Bitcoin introduces a new staking ecosystem called Gamified Green Staking. This ecosystem allows users to stake $GBTC tokens in order to make daily price predictions on the value of Bitcoin.

Those who accurately make correct predictions are rewarded proportionally from the pool of daily mining rewards, scaled to their level of commitment to the ecosystem.

Green Bitcoin pays homage to Bitcoin’s legacy. Its prizes are distributed to winners every ten minutes, in line with the original Bitcoin block schedule.

Competitors can claim the rewards accumulated by the protocol once every 24 hours to keep transaction costs low. The team has allocated a whopping 27.5% of the entire $GBTC supply to provide rewards for accurate predictions for the next two years.

To participate, users must lock up their $GBTC in the Gamified Green Staking mechanism and submit predictions before 11:30 PM EST. At midnight, the smart contract will count the day’s stakes against the actual price of Bitcoin and reward predictions that fall in the “Green Zone”.

As mentioned, the rewards earned depend on the level of investment made and the duration committed to the ecosystem. For example, those who have staked their $GBTC tokens in the Gamified Green Staking mechanism for more than a week are entitled to a 5% bonus on top of the normal daily rewards to recognize their efforts.

Those who stake their tokens while participating in daily price contests also earn an APY reward on top of their holdings through daily passive staking. Staking currently provides a 110% APY yield, further incentivizing users to keep their $GBTC locked in the ecosystem.

Why are traders rewarding Green Bitcoin?

Traders are quickly flocking to the presale, expecting upside potential for $GBTC due to supply constraint dynamics.

Influential YouTubers like ClayBro and Matthew Perry are supporting the project with bullish opinions. They believe that the unique staking system will cause a surge in $GBTC following its IPO.

Users are required to stake their $GBTC in the ecosystem to participate in pricing contests, so the tokens are not yet available. As a result, these experts predict that a supply shock may occur on centralized and decentralized exchanges as most of the $GBTC will be locked into the ecosystem.

Therefore, newcomers to $GBTC will likely be forced to pay higher prices to acquire the token and participate in the predict-to-earn ecosystem after the presale.

Investors are comparing Green Bitcoin’s supply dynamics as very similar to that of Bitcoin itself, which is currently experiencing a pre-halving rally ahead of the reward cut for each block mined. Both cryptocurrencies will likely experience massive supply shocks in the open market, causing a surge in prices.

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(Featured image by designwebjae via Pixabay)

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