BTC20 Price Can Explode 10x Today at DEX Launch After $2.4 Million Staked, 40% of Circulating Supply Locked For 107% APY
Thursday, August 10, 2023 – The BTC20 price is primed to explode after more than 40% of its circulating supply was locked into the staking contract in its first 17 hours of operation.
BTC20 launches on the Uniswap decentralized exchange (DEX) at 3pm UTC today, Thursday, August 10.
BTC20 staking on Wednesday was a huge success, as investors rushed to access a rich annual percentage yield (APY) above 100%.
Within 15 minutes of staking, 10% of all the tokens in circulation had been sent to the staking smart contract ($611k). As of the time of writing, $2,446,842 has been staked, according to BTC20’s official dashboard data.
As more staking continues in the run-up to BTC20’s listing, it weakens selling pressure when the token starts trading and magnifies buyers' ability to push the price higher. All staked tokens are locked for a minimum of seven days.
10x gains in the price of the BTC20 token could be achieved on the first day of trading as the effect of its bullish tokenomics come into play.
Top YouTube Crypto analyst Michael Wrubel with 310k subscribers, predicts BTC20 could be minting what he dubs ‘the future bitcoin millionaires.’
Presale buyers can claim their holdings when the listing begins – 3pm UTC. Because all the tokens not sold in the presale are locked into the staking smart contract, liquidity provision must come from existing coin holders.
BTC20 token holders can decide to stake a proportion of their holding and allocate another portion as a liquidity provider, benefiting from two income streams.
Unnamed sources at BTC20 have let it be known that several whales have been identified in advance who will be providing liquidity. Liquidity providers earn 0.3% of the value of each transaction, proportional to their
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