Bitcoin ETF Token (BTCETF), a new cryptocurrency launched on Monday, November 6, 2023, has already raised more than $35K within a day of its presale. The ERC-20 token, which is speculating on potential Bitcoin ETF approvals by the SEC, began its presale at a token price of $0.005. The token aims to raise nearly $5 million with no minimum or maximum investment limit.
The token's price is designed to increase by 36% across presale rounds, creating a sense of urgency among potential investors. The presale of 40% of its 2.1 billion tokens on btcetftoken.com has attracted substantial initial interest.
BTCETF also offers high staking yields of up to 5,410%. Over 5.7 million tokens have been staked so far, making up 25% of the token supply. This staking protocol is part of the cryptocurrency's strategy to ensure network stability.
In addition to staking rewards, BTCETF has implemented deflationary measures to enhance token holder value and discourage quick profits. One such measure is a transaction burn tax that decreases by 1% with each significant Bitcoin ETF milestone until Bitcoin reaches $100k. This tax aims to reduce the supply over time.
The token also plans to burn 25% of the total supply in five events tied to Bitcoin and ETF updates. These burn events are expected to cut the total token supply down to 1.57 billion tokens if all milestones are met.
Google (NASDAQ:GOOGL) Trends data indicates a growing interest in BTCETF, and upcoming listings on decentralized exchanges (DEX) could trigger substantial growth due to its speculative nature and deflationary pressure reducing selling. Positive decisions by the SEC regarding Bitcoin ETFs could also significantly impact BTCETF's value.
Investors can earn a referral bonus that rewards 5% of the purchase made through their referral link. Regular updates can be accessed by joining the Bitcoin ETF Token's Telegram channel.
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