The Bitcoin of Binance Chain Nears 60,000 Tokens Sold in Presale
Just shortly ago, the Bitnance token presale reached the milestone of 50,000 tokens sold. A trend among investors buying appears to be growing as presales of the BEP-20 crypto have risen over 500% since last Friday. Now the “Bitcoin of BNB Chain’ appears to be surging towards the next milestone of 60,000 tokens sold.
Bitnance (BTN), a newly launched cryptocurrency in its ICO phase, will be the first store of value token on BNB-Chain of its type. Currently being introduced in its initial coin offering at the discounted price of $0.357 [cents], the token is slated to launch on crypto exchanges in nearly 3 months. The listing day price [per whitepaper] will be slightly over a 30% profit — US$0.465.
Is A Crypto Product Launching After Listing?
Currently in the official subreddit community, crypto investors are beginning to arrive in hunt of more details of the token. A few are buzzing about what could be the crypto brand’s potential crypto-product offering and how it will affect the price beyond the +30% ROI yields.
However, the Bitnance (BTN) token utility is what most are interested in.
Like Bitcoin, Bitnance is a store-of-value token. However, it has less than half the total token supply. More scarce than the $BTC, some are already speculating the token could erupt to a price of $46 within its first year, yielding massive profits.
Why Bitnance token’s price could erupt to $46 for massive yields
The reason for the projections of a parabolic uptrend in price is the US election. Historical data shows that commodity trading trends to do this after an official leader takes office.
With Donald Trump stating he wants to make a store-of-Value coin like Bitcoin a staple of the US economy, his election could generate the biggest crypto bull run in history [if he follows through]. This would be great for Bitnance, a crypto of similar nature, and others in the digital store of value category.
Few cryptocurrencies are like Bitcoin, which is not a security, because it has no owner gaining profits from it [yet]. Though it’s believed Nakamoto has a hidden wallet with 1.1-million BTC in it, he’s not yet pulled funds from it per auditors’ reports.
The major alternative blockchains have begun to see the launch of premier store-of-value coins or token presales this year; which a cleaner ownership background.
Solana is believed to have a rival token soon launching; a special case to watch as it’s believed the $SOL coin will get approved for an ETF later this year or in 2025.
Ethereum Blockchain now has Mollars (MOLLARS) token, which is owned by the community invested.
Bitnance’ will be the store-of-value alternative to Bitcoin for the Binance blockchain system.
3 Differences of Bitnance and Bitcoin Investors Must Know
A grand difference in the BNB-blockchain’s new potential “gem,” is scarcity and scalability.
Only 10-million $BTN will be minted ever; the total token supply. This is under half that of Bitcoin’s 21-million. If Bitnance becomes popular, reaching the number of wallet addresses that BTC had in its first year, its value could be double that of Bitcoin.
Why? Far Less tokens will be minted.
Second, the ownership of Bitnance (BTN) is much more transparent; there will be none.
Like Ethereum blockchain’s new SOV, Mollars, the $BTN will have community ownership. The price will be driven solely by demand and trade after being listed on exchanges and the tokenomics plan reaches its ceiling.
Third, Bitnance is going to be based on a superior blockchain than the BTC.
Bitcoin is possibly the most outdated cryptocurrency of the entire market, even though it has a massive trillion-dollar market cap. The fees associated with buy-sell transactions of any ‘bit’ of a coin are the highest of all blockchains.
The average Bitcoin transaction this year cost traders nearly $34. The blockchain of Mollars token averages $8. The new Bitnance token on BNB-chain is expected to be closer to a $2 average. The lowest of all three.
These 3 favors, alongside actual listing day yields of 30% could result in a parabolic increase in the $BTN token’s value early on, followed by a correction. However, it’s the long-term gains associated with the growth of popularity for digital stores of value that has investors in a buying frenzy.
The milestone of 60,000 tokens being sold will likely be passed within 2 days.
The next milestone to watch for in the ICO is 100,000 tokens presold. It could be a clear signal to Bitnance’s true potential for profit yields just before Christmas 2024.