Find out about Green Bitcoin and what it means for investors
There have been many attempts at introducing more eco-friendly versions of Bitcoin. Find out if Green Bitcoin can be the most successful iteration at Gamdom.
Find out about Green Bitcoin and what it means for investors
Green Bitcoin ($GBTC) proposes a new way to profit from Bitcoin (BTC) market trends without directly investing in the world’s most expensive digital asset. Rather than buying and mining BTC, this new altcoin introduces the idea of staking tokens to earn profit from predicting market trends.
KEY TAKEAWAYS:
- Green Bitcoin revolves around predict-to-earn (P2E) which is dubbed as ‘Gamified Green Staking’.
- The goal for Green Bitcoin users is to ‘bet on the future of Bitcoin’. You can predict how Bitcoin will rise or fall using fundamentals of understanding trend indicators.
- Once the mainnet launches (there is still no official date), it will become a functional Bitcoin-like mode of payment powered by PoS.
This is an innovative way to profit from Bitcoin because your money will not be circulating on the BTC blockchain. Instead, it remains within the Ethereum (ETH) network where the Green Bitcoin layer 2 network is built. Here, $GBTC staking leverages the proof-of-stake (PoS) consensus system which powers Ethereum’s 2.0 mainnet.
The vision for Green Bitcoin’s creation
Green Bitcoin revolves around predict-to-earn (P2E) which is dubbed as ‘Gamified Green Staking’. You can buy $GBTC using ETH, Tether (USDT), or Binance Coin (BNB) and stake that token on the Green Bitcoin blockchain. It is a layer 2 network built on the Ethereum layer 1 blockchain which is where the resources for staking systems are coming from.
As an Ethereum-based asset, $GBTC is compatible with various wallets that can store ERC20 tokens, including Coinbase Wallet and Wallet Connect among many others. The Green Bitcoin website supports connecting both platforms to make transactions easy.
In essence, the goal for Green Bitcoin users is to ‘bet on the future of Bitcoin’. You can predict how Bitcoin will rise or fall using fundamentals of understanding trend indicators.
That is how the system works but what is Green Bitcoin as a token? Once the mainnet launches (there is still no official date), it will become a functional Bitcoin-like mode of payment powered by PoS. It is to become a blend of Bitcoin’s legacy and Ethereum’s infrastructure.
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Staking with $GBTC
The Green Bitcoin official Green Paper provides a how-to guide on initiating staking. Here’s a quick rundown to get you started:
- Buy $GBTC on the official website using any of the supported payment methods:
- ETH
- USDT
- BNB
- Credit card
- Use $GBTC to stake whether Bitcoin prices will rise or fall the next day.
- Accurate predictions win a share of the Green Bitcoin crypto reward pool.
That is the standard staking process stated in the Green Paper. There is also an extension of this function where your stakes can run on a longer commitment instead of daily. Allowing this gives you more lucrative rewards at the end of the daily cycle. Thus, you have the following options in $GBTC staking:
- Daily stakers: Prizes are calculated based on the size of the stake relative to the total amount staked from all participants for that cycle.
- Weekly stakers: Adds a 5% bonus on top of your daily rewards for every 24-hour cycle that your prediction is accurate.
- Monthly stakers: Adds a 10% bonus to your daily rewards, giving you a more significant yield at the end of 30 days.
- Six-month stakers: The boost for daily rewards is 15% and all will be paid at once at the end of the six-month period.
Green Bitcoin presale is still ongoing
Initial coin offering (ICO) started in December 2023 with a starting Green Bitcoin price of 0.84 USDT. It’s a small starting point, making it easy to buy and allowing ample room for potential growth in the future. There has been a rise and fall in $GBTC market trends but investors still keep flowing.
As of March 2024, the ICO price stands at 0.52 USDT, parallel to Bitcoin’s market drop of 9% in the same week. However, Green Bitcoin keeps breaking its expectations as investors continue flowing in. The current fund has broken beyond its 6.5 million USDT mark in its offering 28th stage, making it one of the most successful presales in crypto history.
Plans for Green Bitcoin launch
There are a few plans for Green Bitcoin, all of which are pointed towards maintaining an ongoing commitment to sustainability and growth. Among their plans include entering the institutional trading economy by forming partnerships with large tech companies.
Prospects include corporations and organisations with a focus on eco-friendly development like other green cryptocurrencies. There are plenty of such entities in the Web 3.0 landscape. That’s why investors have strong confidence in the future of $GBTC. As a staker in the Green Bitcoin ecosystem, you can profit from their long-term growth in one of the world’s most sought-after sectors.
Plans for Green Bitcoin in the future
The funds raised from presale are intended to fund Green Bitcoin’s tech development and marketing simultaneously. It is a vital step to building a strong foundation for the future of $GBTC. Once the token launches, the next goal is to double down on marketing to establish and maintain a strong community.
The goal is to maintain its growth momentum by sustaining its community for at least up to 2030. At some point, they also have plans to revolutionise the P2E mechanics with an overhaul to keep the experience fresh for you as a member of its community. However, details are still not yet complete but more exciting details are promised to arrive soon.
What makes $GBTC worth noting in 2024
The best way to answer ‘what is Green Bitcoin?’ is to state that it’s a game. Think of it as playing games like Gamdom HiLo where you guess if Bitcoin prices in the next 24 hours are going to be higher or lower than the present. You earn $GBTC rewards if you guessed correctly and profit from its ever-growing market. You can use Coinbase Wallet or Wallet Connect to store this asset and use it on the Ethereum blockchain.
Green Bitcoin mainnet and token are not yet launched so there’s no direct support for using it for betting at Gamdom at the moment. However, they can be swapped for ETH, USDT, and BNB. They are exciting investment opportunities, especially for those who like to play games. Consider this intriguing P2E asset when diversifying your portfolio to benefit from its exponential growth as a digital asset.
