About BTC Standard Hashrate Token Coin
BTC Standard Hashrate Token price today is $71.58 with a 24-hour trading volume of $24,369,822. BTCST price is up 7.4% in the last 24 hours. It has a circulating supply of 7.3 Million BTCST coins and a max supply of 15 Million. Binance is the current most active market trading it.
Bitcoin Standard Hashrate Token (or BTCST token) aims to widen up the participation of Bitcoin mining to the open market. Each BTCST represents 0.1 TH/s of Bitcoin mining power and by staking it, holders of the token are entitled to receive daily distributions of Bitcoin mined.
Market participants can enter and exit Bitcoin mining exposure in any size, any time, at a low cost than actual physical bitcoin mining which requires maintaining a mining rig.
Binance Pool will be the underlying pool behind the operations of BTCST and alongside the team will form a governance board to manage the token issuances, hashrate adjusments, and other decision making process around this project.
How is BTCST market price determined?
Market price of the token is determinable as the discounted cashflow of the underlying mining power.
Who are partners of BTCST?
The project has partnered with Power 360 as the first miner providing tokenized Bitcoin hashrates with the total of 100 PH/s.