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Green Bitcoin, A Cryptocurrency Project, Raises $3.2M While Bitcoin Price Breaks Through $70k

Writer's picture: TinaTina

Cryptocurrency

March 11, 2024


Green Bitcoin has raised $3.2 million in its initial coin offering (ICO) during the early stages of its token presale event. This funding announcement coincides with Bitcoin reaching an all-time high of $72,377 before slightly decreasing. Green Bitcoin aims to offer an environmentally friendly alternative to traditional cryptocurrencies by utilizing Ethereum's energy-efficient Proof-of-Stake (PoS) blockchain instead of Bitcoin's Proof-of-Work (PoW) mining model.

Project

Latest Raise

Latest Raise

Stage

Total Raise

Category

Green Bitcoin

Mar 11, 2024

$3.2M

Initial Coin Offering

$3.2M

Bitcoin, Blockchain, Cryptocurrency

Green Bitcoin features a "Gamified Staking" system that allows users to stake the native GBTC token and earn rewards based on their predictions of Bitcoin’s price movements. The base staking rate for GBTC holders is 140% per year. Additional bonuses are available for accurate BTC price predictions within specific "green zones," encouraging user participation and engagement.


The project emphasizes community involvement, with many users actively participating in the Green Bitcoin Telegram channel to engage with the development team and learn more about the project. This community-focused approach aims to build a robust and informed user base.

Launched in late 2023, Green Bitcoin has set a presale hard cap target of $7 million, with over $3 million already raised. The project has garnered significant interest, with 63% of investors choosing to stake their holdings. The GBTC smart contract has been audited by Coinsult, ensuring security and reliability. Notable publications such as Cointelegraph have featured the token, highlighting its environmentally friendly approach within the cryptocurrency market.


About Green Bitcoin: 

Green Bitcoin (GBTC) is a cryptocurrency project on the Ethereum blockchain that offers a sustainable alternative to traditional cryptocurrencies. The project focuses on providing staking rewards for GBTC holders through its "predict to earn" system, which includes weekly challenges. Green Bitcoin aims to create a more sustainable and engaging cryptocurrency experience.

X Followers today: 24.1k




A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.

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