Cryptocurrency
Green Bitcoin Presale Raises Over $1m for New Gamified Staking Project
![](https://letizo.com/wp-content/uploads/2024/02/green-bitcoin-presale-raises-over-1m-for-new-gamifiedstaking-project_65de37aeceab7.jpeg)
Green Bitcoin has captured the crypto world’s attention with its groundbreaking gamified staking model, raising over $1 million in its ongoing presale.
With retail investors clamouring to get involved, could Green Bitcoin (GBTC) be poised for a wave of demand once it debuts on exchanges later this year?
Presale Buying Frenzy as Green Bitcoin Captivates Crypto Community
After hitting the $1 million milestone, Green Bitcoin has cemented itself as one of the most eagerly anticipated projects in the crypto ecosystem.
The project’s presale utilises a straightforward yet rewarding structure.
Investors can purchase GBTC, Green Bitcoin’s native token, using either ETH, USDT, or a credit/debit card.
These tokens can be staked instantly to earn passive income, with APYs reaching 261%.
It’s clear that the crypto community is impressed by the presale’s early success and the high staking rewards on offer – more than 3,300 people now follow Green Bitcoin’s Twitter page.
Conversations are also heating up in Green Bitcoin’s Telegram channel, where members are already speculating about how high GBTC’s value could rise once it makes its open market debut.
GBTC was even referenced in a recent video by YouTuber Crypto Boy, who highlighted the project’s eco-friendly principles and stellar roadmap.
What is Green Bitcoin & Why So Much Hype?
But what is Green Bitcoin, and why is the project attracting so much buzz?
The main reason is the project offers a fresh take on crypto mechanics by combining Bitcoin’s legacy with Ethereum’s sustainable architecture.
As an ERC-20 token, GBTC introduces a sustainable staking model called “Gamified Green Staking.”
This model allows users to earn passive income scaled to their investment size.
By participating in Bitcoin price predictions, earnings can be further enhanced while promoting community engagement.
Additionally, Green Bitcoin embodies eco-friendly values in numerous ways.
Firstly, its Proof-of-Stake (PoS) consensus mechanism requires just a fraction of the energy that’s required by Bitcoin mining.
Secondly, the “green” approach extends to the staking process itself – accurate predictions that land in a designated green zone trigger additional staking bonuses.
As outlined in Green Bitcoin’s whitepaper, the developers have allocated 27.5% of the total GBTC supply to staking rewards, which will be distributed gradually over two years.
Each day, this pool of GBTC is shared among accurate predictors, incentivizing regular engagement.
For long-term holders, extended staking periods unlock even more bonuses on their rewards.
Ultimately, whether participating daily, weekly, monthly, or bi-annually, Green Bitcoin offers a clear path to attractive returns.
Appealing Tokenomics & Roadmap Set Stage for Long-Term Growth
Transitioning to Green Bitcoin’s future, the development team has structured the project’s tokenomics and roadmap to balance rewards with organic growth.
The project’s tokenomics will see 40% of the supply allocated to presale buyers, giving early participants a chance to obtain a sizable stake in Green Bitcoin’s future.
As mentioned earlier, 27.5% of the supply will go towards staking incentives, with the remaining 32.5% focusing on marketing, exchange listings, and community-building initiatives.
This tokenomics structure sets the stage for long-term adoption and real-world impact.
Looking ahead, the project’s “Green Map” centres on enhancing the platform’s gamified features to make the staking experience even more rewarding.
The ultimate goal is to build a community united by eco-friendly values – all while allowing everyone to earn passive crypto income.
Notably, Green Bitcoin’s smart contracts recently underwent a comprehensive audit from blockchain security firm Coinsult.
With its security and reliability now verified, investors can engage in the presale with peace of mind.
Those interested in the presale can buy GBTC tokens for $0.492 – although this price will increase as funding milestones are met.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
The token Green Bitcoin (GBTC) has no affiliation and is not associated in any shape or form with Grayscale’s Bitcoin Trust.
Readers are also advised to read CryptoPotato’s full disclaimer.
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Cryptocurrency
Top 10 Solana (SOL) Ecosystem Projects by Development Activity
![](https://letizo.com/wp-content/uploads/2024/09/top-10-solana-sol-ecosystem-projects-by-developmentactivity_66dc47b18afea.jpeg)
TL;DR
- Due to recent growth, Solana and its projects have gained popularity.
- Ecosystem meme coins like Dogewifhat (WIF) and Bonk Inu (BONK) have seen significant declines after a substantial surge earlier this year.
The Unsurprising Leader
Solana and numerous projects built on it have brimming in popularity in 2024. Some factors that could have contributed to this might be SOL’s bull run at the end of 2023 and the beginning of 2024, the growing community, and innovations in the ecosystem.
The crypto analytics platform Santiment recently outlined the top 10 Solana-based projects in terms of development activity in the past 30 days.
Somewhat expected, the first spot belongs to Solana itself, which collected a score of 186.33. It is worth noting that the protocol’s native token – SOL – has been experiencing a downfall since the end of July, plunging by approximately 30% and currently trading at around $127 (per Coingecko’s data).
Wormhole holds the second position with a ratio of 90.5. It acts as a bridge connecting various blockchain networks, such as Solana, Ethereum, BNB Smart Chain, and others. It enables users to transfer digital assets and data across these blockchains without a centralized intermediary.
Pyth Network is third, with a score of 68. It operates as a decentralized oracle network where multiple providers contribute to a collective data feed.
JITO and Neon round up the top 5 list. The other Solana-based projects down the line include Drift, Orca, Helium IOT, Helium Mobile, and Metaplex.
The Missing Ones
It is interesting to note that meme coins, which are part of Solana’s ecosystem, did not make the list. Such tokens, including dogwifhat (WIF), Bonk Inu (BONK), and many more, were among the top-trending topics in the crypto space at the start of the year due to their skyrocketing prices.
However, their progress has stalled as of late. WIF – the biggest Solana-based meme coin in terms of market capitalization – currently trades at around $1.52, representing more than a 70% decline from the ATH registered in April.
BONK (the second-largest) is worth approximately $0.00001666 as of the moment, or 60% less than the peak in May.
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Cryptocurrency
These Altcoins Bleed Out as Bitcoin (BTC) Price Fell by $4K in Hours (Weekend Watch)
![](https://letizo.com/wp-content/uploads/2024/09/these-altcoins-bleed-out-as-bitcoin-btc-price-fell-by-4kin-hours-weekend-watch_66dc47b73b311.jpeg)
Bitcoin’s nosedives continued in the past 24 hours as the asset slumped from an intraday high of $57,000 to under $53,000 within hours.
The altcoins are also in the red, and the total crypto market cap has dumped to $2 trillion for the first time in over a month.
BTC’s Troubles Keep Coming
The primary cryptocurrency lost the coveted $60,000 level last week, and the true downfall followed suit. Aside from a brief attempt to overcome that line on September 3, the bears have been predominantly in control, which culminated yesterday.
Before that, it was rejected a couple of times and marked lower daily highs. A relief rally came on Friday when the US released the job report for August, which showed that there was a slight decline in the unemployment rates.
BTC reacted quickly with a price increase from $55,500 to $57,000. However, that turned out to be a false breakout, and the cryptocurrency headed south immediately after. In a matter of minutes, it plummeted to $54,000 before the bears initiated another leg down that pushed it to a monthly low of $52,700 (on Bitstamp).
Despite recovering to just over $54,000 now, it is still 4% down on the day and more than 8% in the past seven days. Its market cap has plunged to $1.070 trillion, while its dominance over the alts is down to 53.5%.
Alts in Red Yet Again
The bearish scenario repeated once again, and the altcoins are back in red. Ethereum is among the leaders in this adverse trend, having lost over 4% of value. As a result, it now struggles at $2,250. BNB is down by 3%, XRP by 3%, and SOL by 2.5%.
DOGE has dumped the most from the larger-cap alts. The OG meme coin has seen 5% of its value evaporate over the past day and is below $0.1.
Further losses come from the likes of TON, BCH, SHIB, LTC, OKB, XMR, and many others.
The total crypto market cap has declined by another $50 billion and is down to $2 trillion on CG.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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Cryptocurrency
Vitalik Buterin Pledges L2 Tokens to Support Public Goods in the Ethereum Ecosystem
![](https://letizo.com/wp-content/uploads/2024/09/vitalik-buterin-pledges-l2-tokens-to-support-public-goods-inthe-ethereum-ecosystem_66dc47bce1201.jpeg)
Ethereum co-founder Vitalik Buterin has pledged to donate all Layer 2 (L2) tokens he holds to support public goods within the Ethereum ecosystem or broader charitable causes.
This announcement comes a few days after accusations that he had sold millions in Ether (ETH) for personal gain.
Vitalik Buterin Denies Profit Motive
Buterin was quick to respond to the allegations, emphasizing that he has not sold any ETH for personal profit since 2018. Instead, he clarified that any proceeds from his ETH sales have been directed toward projects that contribute to the Ethereum ecosystem or other charitable initiatives.
In a September 5 update, he expanded on his stance, pledging to donate all L2 tokens he holds, including not-yet-liquid assets, to support similar causes.
He wrote, “All proceeds will be donated, again either to support public goods within the Ethereum ecosystem or broader charity (e.g., biomedical R&D). I also do not intend to invest into L2s or other token projects in the foreseeable future.”
He explained that his aim in funding projects is to support initiatives he believes are important, particularly in situations where other parts of the ecosystem may not fully recognize their value.
The Allegations
On August 30, an X user accused him of selling over $2 million worth of ETH shortly after posting a positive update about Ethereum’s future.
Later on, Lookonchain also revealed that Vitalik had transferred 800 ETH, worth around $2 million, to a multi-signature wallet. Shortly after, the wallet swapped 190 ETH for 477,000 USDC.
Further analysis from Lookonchain indicated that on August 9, he had moved an additional 3,000 ETH, valued at over $8 million, to the same multi-sig wallet.
These transfers fueled speculation that the Ethereum co-founder was liquidating his Ether holdings to realize profits.
Buterin had previously disclosed that his entire Ether holdings came from the Ethereum pre-mining period, which allocated 11.9 million ETH (about 10% of the total supply) to early contributors. As one of them, he received 700,000 ETH for his role in the network’s creation.
According to blockchain tracker Arkham Intelligence, his current holdings amount to approximately 240,000 ETH. This is a reduction of around 460,000 ETH from his initial stash.
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