The price of Bitcoin (BTC) today is teetering between $53,000 and $61,000 [USD]. This crest in this volatile week is up nearly $10,000 since the store-of-value coin’s fell to $49,000 just days ago. And it appears Binance-Chain’s alternative SOV token, Bitnance (BTN), is back on a high note as well.
During the bearish crypto cycle earlier this month, due to political turmoil, the Bitnance token presale registered few to no transactions. However, just as Bitcoin leapt up to $61.2K just yesterday, the $BTN began selling again as well.
Bitnance Sales Pump Alongside Bitcoin
The initial coin offering for Binance-Chain’s new store-of-value token on the BEP-20 network has 129 days left before closing out. However, prices will begin to rise as more tokens are sold. The ICO is a multi-rounds event, where the token’s price will increase an estimated $0.05 [cents] per round.
Currently, the $BTN is selling at a rate of $0.357 per token. This gives crypto investors 2.8 tokens per $1 invested.
Investors Have Bought Over 51000 $BTN In Token Presale
Currently over 51,000 Bitnance tokens have been acquired by traders of the total supply — 10.5-Million $BTN. However, only 5.6-million will be offered at presale prices.
The Bitnance token will list on exchanges for a price 30% higher than its current price, per whitepaper details.
Presale Investors Earned Big Gains On Ethereum-Blockchain’s Alternative to BTC
A Bitcoin alternative launched on Ethereum-Blockchain as well, just months ago. Token symbol $MOLLARS, the ERC-20 rose nearly 300% in value on the listing day. It’s expected to have a significant bull-run this year after the cryptocurrency’s decentralized crypto exchange, Mollars.CC, launches for public use.
Bitnance (BTN) Token will be offered to a significantly larger ecosystem than both Bitcoin (BTC) and Mollars (MOLLARS). Being a part of the Binance-Chain world, it’s going to have lower trading fees and be easily available to traders using the world’s biggest crypto-exchange, Binance.com; all BEP-20’s can be swapped to $BTN.
It’s unclear if there will be any cryptocurrency platforms launched in conjunction with the Bitnance (BTN) token. However, it is deflationary in design, a way for cryptocurrency traders to retain the value of their hard earned fiat dollars, pesos, or other currency against global inflation.
With the token presale address showing an increase in sales recently of 100%, it could be an indicator crypto investors are once again active and aggressively pushing into the Initial Coin Offering (ICO) space for faster than normal ROI gains.
Bitnance (BTN) Could 10X in Under 4 Months
Currently, Bitnance (BTN) is slated to gain +30% in value on its listing day in less than 4 months. That whitepaper information indicates every $1000 invested will return $300 in profits to investors.
If the token picks up in popularity on listing day, those gains could be even higher. If it parallels the listing day success of Ethereum-Network’s freshly listed SOV token, Mollars, it could see upwards of a 10x increase in price on listing day.
The post As Bitcoin Rises Like a Phoenix, So Does BNB-Chain’s New Store-of-Value Token appeared first on CoinGape.
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