Token

Bitcoin ETF

Bitcoin

<img src="https://cdn.thebittimes.com/images/2023/11/14/1699924831.webp" alt="" width="800" height="719">
Bitcoin ETF Token (BTCETF) is a new cryptocurrency created to celebrate the arrival of Bitcoin ETFs (exchange traded funds) and is trending in investor circles - featured by the likes of Cointelegraph, Investing.com and more.
The new cryptocurrency platform will provide information on Bitcoin ETF news and its tokenomics are set up to benefit holders as positive news milestones are hit, as well as offering high APY staking rewards.&nbsp;
Over $500,000 in seed round funding has now been raised in the presale for $BTCETF.
<h2 id="strong-what-is-bitcoin-etf-token-strong">What Is Bitcoin ETF Token?&nbsp;</h2>
One of the most significant crypto narratives since the inception of Bitcoin over a decade ago, is the anticipated release of a Bitcoin ETF, with the most bullish form being a spot ETF.
<img src="https://cdn.thebittimes.com/images/2023/11/14/1699924866.webp" alt="" width="800" height="301">
Through a Bitcoin ETF, stock traders will be able to directly purchase shares that represent the value of Bitcoin. This allows traders to buy and sell Bitcoin, without having to go through the complexities of trading on the blockchain.&nbsp;
Popular global investment companies such as BlackRock have pushed the idea of an ETF - but the first Bitcoin ETF is still awaiting the approval of the SEC (Securities and Exchange Commission) - with rumors swirling that may take place imminently.
Bitcoin ETF Token ($BTCETF) is an ERC-20 token through which users can access passive income via staking opportunities. The platform also provides real-time news on any Bitcoin ETF-related updates. This deflationary cryptocurrency will keep reducing in supply, as the project reaches milestones on its roadmap.&nbsp;
<h2 id="strong-bitcoin-etf-will-burn-25-of-its-supply-over-time-strong">Bitcoin ETF Will Burn 25% of its Supply Over Time&nbsp;</h2>
$BTCETF has a total supply of 2.1 billion tokens. However, the supply is expected to reduce by 25% in the long term. The project has set a few predefined milestones - and will burn 5% of its token supply upon reaching these targets.&nbsp;
Once $BTCETF is listed on decentralized exchanges, Bitcoin ETF Token will impose a 5% burn tax on every transaction. Furthermore, Bitcoin ETF Token will burn 5% of the overall token supply on reaching a specified milestone, and reduce the selling tax by 1%.&nbsp;
Here are a few of the milestones set by Bitcoin ETF, and the expected token-burning structure that will be imposed after the completion of the milestone:
<img src="https://cdn.thebittimes.com/images/2023/11/14/1699924901.webp" alt="" width="800" height="276">
<ul>
 <li style="font-weight: 400;">$BTCETF reaches a $100 million market cap - Once the cryptocurrency crosses a $100 million market cap, Bitcoin ETF Token will burn 5% of its token supply (105 million tokens). The burning tax will be reduced from 5% to 4% per transaction.&nbsp;</li>
 <li style="font-weight: 400;">First Bitcoin ETF Approval - After the first Bitcoin ETF is approved by the SEC, Bitcoin ETF Token will burn another 5% of its total supply, reducing the tax to 3% per transaction.</li>
 <li style="font-weight: 400;">First Bitcoin ETF Launch - Another 5% of the token supply will be burnt after the first Bitcoin ETF is officially launched. The tax will decrease to 2%.&nbsp;</li>
 <li style="font-weight: 400;">Bitcoin ETF Assets crosses $1 Billion - After the Bitcoin ETF assets under management rise past $1 billion in holdings - the 5% token supply burn will continue. The $BTCETF tax will be reduced to 1%.&nbsp;</li>
 <li style="font-weight: 400;">Bitcoin (BTC) reaches $100K - Once Bitcoin trades over the $100K mark, Bitcoin ETF Token will initiate its final burning round - officially burning 25% of the token supply.&nbsp;</li>
</ul>
<h2 id="strong-get-11-378-staking-apys-with-btcetf-strong">Get 11,378% Staking APYs with $BTCETF</h2>
Bitcoin ETF Token allows token holders to stake tokens on its verified Ethereum-based smart contract. The staking rewards are determined by the number of tokens you have staked on the pool, and on the annual returns percentage.&nbsp;
<img src="https://cdn.thebittimes.com/images/2023/11/14/1699924928.webp" alt="" width="800" height="352">
Thus, the more tokens you stake, the higher the annual returns. At the time of writing, token holders can earn over 400% APY (Annual Percentage Yield) on Bitcoin ETF Token. Over 58 million have already been staked on the contract. The APY is expected to lower as more tokens are staked, so it pays to act fast.
25% of the total token supply will be distributed through staking rewards on the ecosystem.&nbsp;
<h3 id="strong-buy-btcetf-for-0-005-on-presale-before-the-exchange-listing-strong">Buy $BTCETF for $0.005 on Presale Before the Exchange Listing</h3>
Interested in buying this deflationary and stake-to-earn cryptocurrency? Interested investors can acquire $BTCETF for only $0.0052 through the ongoing presale.&nbsp;
The price is set to rise in just under three days, or when $810,000 is raised, whichever happens first.
<img src="https://cdn.thebittimes.com/images/2023/11/14/1699924962.webp" alt="" width="800" height="360">
From the 2.1 billion token supply, 840 million tokens have been allocated to the ICO.&nbsp;
According to the <a href="https://btcetftoken.com/assets/documents/whitepaper.pdf" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETF Token whitepaper</a>, the new cryptocurrency will have a market cap of more than $12 million post its initial exchange listings on Uniswap and CEX platforms.&nbsp;
Due to its high staking rewards and deflationary mechanism, this new token could explode right after conducting the initial exchange offering.&nbsp;
Its smart contract has also been successfully audited by Coinsult. Read that <a href="https://btcetftoken.com/assets/documents/audit.pdf" target="_blank" rel="noopener noreferrer nofollow">audit here</a>.
For more information, join the Bitcoin ETF Token <a href="https://t.me/BTCETF_Token" target="_blank" rel="noopener noreferrer nofollow">Telegram channel</a> and follow its <a href="https://twitter.com/BTCETF_Token" target="_blank" rel="noopener noreferrer nofollow">official X account</a> (beware of imitators, admins will not DM you first).
<a href="https://btcetftoken.com/en" target="_blank" rel="noopener noreferrer nofollow">Visit Bitcoin ETF Token</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/new-cryptocurrency-btcetf-raises-500-000-at-ico-what-is-bitcoin-etf-token-tbt70160.html">https://thebittimes.com/new-cryptocurrency-btcetf-raises-500-000-at-ico-what-is-bitcoin-etf-token-tbt70160.html</a>

New Cryptocurrency $BTCETF Raises $500,000 At ICO - What Is Bitcoin ETF Token

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