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Bitcoin Standard Hashrate Token, or BTCST, is a token collaterallised by the Bitcoin (BTC) hash rate. Like other hash rate tokens, it is a synthetic asset deriving its value from a portion of Bitcoin’s mining hash power. Each token represents 0.1 TH/s of Bitcoin mining power at 60 W/TH efficiency. The Bitcoin Standard Hashrate blog highlights that any miner/user can contribute power to the platform and receive BTCST tokens. The objective behind the token is to bring liquidity to Bitcoin mining and allow any user to gain exposure to mining rewards and hash power. The project launched in December 2020 on Binance Smart Chain (BSC). It is backed by industry-scale Bitcoin miners including Binance, Genesis Mining and Token Pocket. The project represents a claimed 12% of the global hash rate. Users can stake BTCST in the platform to receive daily BTC contributions. Rewards correspond to the staked mining power. Users can also earn BTCST tokens by locking up BNB, BUSD, and BTC into different pools.
BTC Standard Hashrate Token (BTCST) is the 375th largest cryptocurrency in the world by market cap, valued at $114,696,405. The current price of BTC Standard Hashrate Token is $15.87, which is 8.994% higher than yesterday. Prices have ranged between $15.94 and $14.55 over the past 24 hours. All prices are listed in US dollars and accurate as of January 26, 2022 05:01 UTC.
| Coin symbol | BTCST |
|---|---|
| Coin Marketcap | US$114,696,405 |
| Total BTCST supply | 15,000,000 |
| Circulating BTCST | 7,287,600 |
| Current price | US$15.87 |
| All time high | US$91.94 |
| All time high date | April 15, 2021 |
| Partnerships | BTC.TOP, Easy2Mine, Genesis Mining, Atlas Mining, Hengjia Group |
| Industry | Decentralized finance |
| Token uses | Staking |
| Network | Binance Smart Chain, TRON |
Historical prices compared with the price of US$15.87.
| 1 hour | 1.32% |
|---|---|
| 24 hours | 8.99% |
| 7 days | -21.67% |
| 14 days | -22.52% |
| 30 days | -36.25% |
|---|---|
| 60 days | -47.27% |
| 200 days | -13.33% |
| 1 year | N/A |
Disclaimer: Cryptocurrencies, including BTC Standard Hashrate Token, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BTCST is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the BTC Standard Hashrate Token or any other cryptocurrency discussed.