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Bitcoin Standard Hashrate Token Stock

Bitcoin Standard Hashrate Token

BTCST

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Bitcoin Standard Hashrate Token Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateBTCST/USDT0.02161.13296.1379,737.640cex1127/9/2025, 6:23 AM
LATOKENBTCST/USDT0.02000.460cex15/29/2025, 2:00 PM
HitBTCBTCST/USDT0.250000cex17/9/2025, 6:21 AM
Gate.ioBTCST/ETH0.040000cex14/8/2025, 6:32 AM
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Bitcoin Standard Hashrate Token FAQ

### What is Bitcoin Standard Hashrate Token (BTCST)? Bitcoin Standard Hashrate Token (BTCST) represents a tokenized mechanism for Bitcoin mining that brings forth standardized and efficient solutions for investors. Through BTCST, individuals are afforded the opportunity to gain exposure to Bitcoin mining rewards without needing the physical infrastructure traditionally required. Each BTCST token embodies a specific amount of hashing power. This efficiency is further enhanced by its alignment with the contemporary trading strategies within the crypto market. For further insights and real-time data on Bitcoin Standard Hashrate Token (BTCST), you can explore Eulerpool.

The Bitcoin Standard Hashrate Token (BTCST) was launched on the Binance Smart Chain (BSC) on December 13, 2020. Each token is collateralized by Bitcoin's (BTC) hashrate, representing 0.1 TH/s of Bitcoin mining power with an efficiency of 60 W/TH. Miners can contribute their computational power to the platform in exchange for newly minted BTCST tokens. The primary objective of BTCST is to enhance liquidity within Bitcoin's mining market, enabling users to gain exposure to mining rewards and hashpower of any size at a minimal cost. Ultimately, the application aims to improve the liquidity and efficiency of mining power markets.

Who Founded the Bitcoin Standard Hashrate Token?

The Standard Hashrate Group, responsible for the BTCST token, is supported by industrial-scale Bitcoin miners, which collectively accounted for 12% of Bitcoin's global hashrate as of February 2021.

What Distinguishes Bitcoin Standard Hashrate Token?

The Bitcoin Standard Hashrate Token (BTCST) is a digital asset backed by actual Bitcoin mining power. By staking BTCST, holders can earn daily Bitcoin rewards that correspond to the amount of mining power they have staked. This feature enables users to participate in Bitcoin mining within the decentralized finance (DeFi) ecosystem. BTCST tokens are issued exclusively when approved miners choose to standardize and tokenize their Bitcoin hashrate. Consequently, no private or public sales events have occurred for this project. The total supply cap is determined by the aggregate amount of BTCST tokens staked within the application. BTCST operates on the BEP-20 standard. Hourly snapshots of user balances and total pool balances are taken to calculate user rewards effectively. Each pool’s annual percentage yield (APY) and total balance are updated in real-time, and users can stake their tokens in only one pool at a time. Users have the flexibility to unstake their funds at any moment and engage in any other available pools. BTCST functions as a cloud mining platform on the Binance Smart Chain. It facilitates daily payouts through a decentralized application (DApp).

What is the Circulating Supply of Bitcoin Standard Hashrate Token (BTCST) Coins?

The Bitcoin Standard Hashrate Token (BTCST) was introduced to the market on December 13, 2020, with an original token supply totaling 1,000,000 tokens. By March 2021, the circulating supply had reached 589,388 BTCST, with the maximum supply capped at 1,500,000 BTCST. For more detailed information, please refer to Eulerpool.

What Measures Are Taken to Secure the Bitcoin Standard Hashrate Token Network?

Binance Pool operates as the auditor for BTCST, ensuring both legitimacy and transparency. BTCST is an asset protocol that integrates Bitcoin hashrate assets into decentralized finance (DeFi), serving as a foundational element for various DeFi trading, lending, and borrowing protocols. BTCST is managed as a decentralized autonomous organization (DAO). The token holders, miners, and the wider community collectively participate in decision-making regarding significant matters related to the project. All proposals, voting activities, and results are recorded and publicly disclosed on-chain.

Where can Bitcoin Standard Hashrate Token (BTCST) be purchased?

Bitcoin Standard Hashrate Token (BTCST) is available for trading on the following exchanges: * Binance * VCC Exchange * WBF Exchange * PancakeSwap For more information, refer to our guide on purchasing Bitcoin. For additional details, please visit Eulerpool.

Investors interested in Bitcoin Standard Hashrate Token are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.