STP-4 -- BTCST Redenomination

Entering 2021, the whole industry witnessed a huge Bitcoin price increase that brought more positive and bullish attitude towards the market among investors. Subsequently, it has attracted unprecedented attention in the field of BTC computing power mining. Additionally, the rapid development of the DeFi sector and BSC ecosystem will accelerate the process of driving BTCST to the top of the market.

BTCST is collateralized by 0.1 TH/s of real-world Bitcoin mining power, which is historically proven to be positively correlated to the performance of the digital gold, and hence the value of BTCST climbs along with the current skyrocketing Bitcoin market. At present, the daily trading volume of BTCST on Binance is reaching 80 million U.S. dollars, and listed on Binance, VCC Exchange, and PancakeSwap exchanges.

“BTCST is already deployed on the Binance Smart Chain as a cloud mining platform, and we support the project through our mining pool”,

said Binance CEO and Founder, CZ (Changpeng Zhao).

“We are happy to continue working with BTCST on its further development through Binance Launchpool”.

Community needs

The First Bitcoin’s leveraged hashrate token in the blockchain industry, BTCST ecosystem is rapidly developing, and the market’s sentiment for participating in the mining of BTC with hashrate pledge is getting higher. Regardless of the overall market demand for BTCST or the further improvement of the circulation of the token, the community has an urgent need for the “split” of the BTCST token. Therefore, the community voting proposal on the Denomination of BTCST token is formed.

Proposal

Regarding the BTCST Denomination proposal initiated by the community, it is set to redenomination of the existing BTCST. For this community proposal, BTCST community members can participate in the poll published on the project's Snapshot Site.

Regarding the voting results, we will also provide technical support as soon as possible so that the overall process can proceed smoothly.

Regarding the BTCST Denomination proposal initiated by the community, the issuance will be changed from 1.5 million to 15 million, 150 million, 1,5 billion or remain unchanged.

For this community proposal, members of the BTCST community can participate in the vote through the Snapshot Site.

Voting content (Change in circulation, unchanged valuation):

A: The circulation changed from 1.5 million to 15 million B: The circulation changed from 1.5 million to 150 million C: The circulation changed from 1.5 million to 1,5 billion D: Remain unchanged

Voting period: 2022–02–22–02:00 (SGT) — 2021–02–24 20:00 (SGT)

We sincerely thank you for your continued support of the BTCST ecosystem and your active participation in the proposals of the BTCST community. If you have any questions or ideas regarding the BTCST ecosystem and development process, you can leave your feedback through the telegram community channel via this link: https://t.me/BTCST_Community_EN.