Bitcoin Standard Hashrate Token (BTCST)

Bitcoin Standard Hashrate Token (BTCST) is a cryptocurrency designed to provide a viable solution for those wanting to invest in Bitcoin mining without the hardware or power costs associated with it. Launched in October 2020, BTCST is an Ethereum-based ERC-20 standard token backed by the hashrate of Bitcoin mining pools. It was developed by the team at Poolin, one of the largest Bitcoin mining pools in the world. The idea behind BTCST is to provide investors with access to a more accessible asset class while sharing in the upside of Bitcoin mining. The token is specifically designed to provide holders with returns that correspond with the revenues of the Bitcoin mining pool, Poolin. Poolin will use profits generated through its mining operations to repurchase the token in the open market, creating a buyback program. This is expected to stabilize the price of the token and in turn driving demand for BTCST. What makes BTCST unique is that it offers investors a stake in the bitcoin mining ecosystem while reducing traditional assets’ risks associated with hardware and energy costs. By using pooled resources, BTCST removes the costs associated with overheads and offers investors a more diversified asset class with a lower barrier to entry. BTCST is used to enable a new way for investors to participate in the Bitcoin mining ecosystem without the need for physical hardware or energy costs. Investors can purchase BTCST in the market and gain exposure to the bitcoin mining industry without having to own a miner or buy expensive equipment or energy. Bitcoin Standard Hashrate Tokens (BTCST) can be bought and sold on major cryptocurrency exchanges, including Binance, Bittrex, Kraken, Gate.io and more. Investors can also buy and hold BTCST tokens directly on Ledger's Vault, a secure multi-currency digital wallet. In conclusion, Bitcoin Standard Hashrate Token (BTCST) is a digital asset that provides investors with access to the Bitcoin mining industry while minimizing their exposure to the associated risks of hardware and electricity costs. By pooling resources, BTCST eliminates the need to invest in expensive hardware and energy while allowing investors to access a more diversified asset class