About Bitcoin Standard Hashrate Token
Bitcoin Standard Hashrate Token (or BTCST token) aims to widen up the participation of Bitcoin mining to the open market. Each BTCST represents 0.1 TH/s of Bitcoin mining power and by staking it, holders of the token are entitled to receive daily distributions of Bitcoin mined.
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Trading Insights
Searched
4
Market Stats
Market Cap
$330.95K
-11.3%
FDV
$406.86K
Circ. Supply
12M BTCST
Max Supply
15M BTCST
Total Supply
15M BTCST
Diluted Valuation
$406.85K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$99.99K
-3.1%
Volume (7D)
$772.29K
Volume (30D)
$3.11M
All time high
$92.75
Price Change (1Y)
-92.52%
Additional info about Bitcoin Standard Hashrate Token
Recent trends
The latest BTCST price is $0.0273. Compared to Bitcoin Standard Hashrate Token's value of $0.03 from 24 hours ago, there's been a -11% decrease, while the current price is -4% down from $0.03 which was recorded one week ago. Bitcoin Standard Hashrate Token's all time high is $92.75, which was reached on April 13, 2021. This is a -100% change from its price today.
The current circulating supply of Bitcoin Standard Hashrate Token is 12,201,401. This is 81% of its max supply of 15,000,000 BTCST and 81% of its total supply of 15,000,000. The market cap is currently $330.95K, which is a result of multiplying the current price of Bitcoin Standard Hashrate Token($0.03) by the total supply(15,000,000 BTCST). The fully diluted valuation of Bitcoin Standard Hashrate Token is $406.86K. The diluted valuation of Bitcoin Standard Hashrate Token is $406.86K.
Market details
BTCST vs markets
↘ 94.17%
BTCST vs BTC
↘ 95.08%
BTCST vs ETH
↘ 88.99%
Tags
binance-launchpool
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x78650B139471520656b9E7aA7A5e9276814a38e9 | |
Tronix | TFVge5Nb6or8cpdtdwPuXSGqLHpj3PM9Rp |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0273 | ↘ 11.27% |
1 Day | $0.0306 | ↘ 11.27% |
1 Week | $0.0283 | ↘ 4.16% |
1 Month | $0.0331 | ↘ 18.02% |
1 Year | $0.36 | ↘ 92.52% |
FAQ
Bitcoin Standard Hashrate Token (BTCST) is a cryptocurrency that strives to bridge liquidity to Bitcoin's mining market. Launched on December 13, 2020, BTCST is collateralized by Bitcoin's hashrate, with each token representing 0.1 TH/s of Bitcoin mining power at an efficiency of 60 W/TH. This approach aims to allow users to gain exposure to mining rewards and hashpower of any size, at a low cost. BTCST aims to enhance the liquidity and efficiency of mining power markets. BTCST is backed by the Standard Hashrate Group, which is supported by industrial-scale Bitcoin miners.
BTCST operates as a token collateralized by real Bitcoin mining power. By staking BTCST, holders may receive daily Bitcoin contributions that correspond to the staked mining power. This feature aims to allow users to mine Bitcoin from within the decentralized finance (DeFi) ecosystem. BTCST tokens can only be issued when eligible miners choose to standardize and tokenize Bitcoin hashrate. BTCST is based on the BEP-20 standard, and snapshots of user balances and total pool balances are taken each hour to calculate user rewards. BTCST operates as a cloud mining platform deployed on a smart chain, offering daily payouts executed by a decentralized application (DApp).
BTCST aims to provide a solution to the limited liquidity in Bitcoin mining. By standardizing and tokenizing mining power into BTCST, it strives to bring exchange-grade liquidity to the mining power market while meeting traders' need for mining exposure. BTCST aims to be used by market participants to enter and exit Bitcoin mining exposure. Furthermore, BTCST can serve the needs of proprietary and algorithmic traders, as the market price of BTCST will perform as a leveraged Bitcoin token.
BTCST was launched on December 13, 2020, by the Standard Hashrate Group, which is backed by industrial-scale Bitcoin miners. These miners collectively represented 12% of BTC's global hashrate as of February 2021. BTCST was introduced with an initial token supply of 1,000,000 tokens. As of March 2021, it has a circulating supply of 589,388 BTCST and a maximum supply of 1,500,000 BTCST. A pool functions as the auditor for BTCST, ensuring legitimacy and transparency. BTCST is governed in the form of a decentralized autonomous organization (DAO), where token holders, miners, and the broader token community collectively decide on material issues associated with the project.
We update our Bitcoin Standard Hashrate Token to USD currency in real-time. Get the live price of Bitcoin Standard Hashrate Token on Coinbase.
The current market cap of Bitcoin Standard Hashrate Token is $330.95K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Bitcoin Standard Hashrate Token is $92.75. This all-time high is highest price paid for Bitcoin Standard Hashrate Token since it was launched.
Over the last 24 hours, the trading volume of Bitcoin Standard Hashrate Token is $99.99K.
Assets that have a similar market cap to Bitcoin Standard Hashrate Token include Cryowar, Golos Blockchain, Metadrip, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Bitcoin Standard Hashrate Token is 12 million.
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