Bitcoin, green due to whale attack, surges 1.6 times with Uniswap launch

A new eco-friendly Bitcoin alternative called Green Bitcoin (ticker: GBTC) landed on Uniswap at 1pm UTC today, recording an immediate 1.6x windfall after a whale purchased $44,000 worth of Bitcoin. I did.

GBTC began trading at $1.10, but due to whale buying, it rose 63% immediately after launch and reached a high of $1.79.

With the token trading at $0.70 at the time of this writing, profit takers have saved about 44% on the launch price.

The team said it is prepared for buybacks to gradually push prices back up. It also frees up about $200,000 (or 284,949 $GBTC) of liquidity for next year. Both measures are already helping to ease downward price pressure.

Green Bitcoin is now live on Uniswap!

Contract address: 0xdc9CB148ECb70876db0aBeB92f515a5E1dc9f580

Uniswap direct purchase link: https://t.co/93UsyuovY1 pic.twitter.com/GzCJOW6Wnh

— GreenBitcoin (@GreenBTCtoken) April 5, 2024

Details about the CEX listing are currently sparse, but the token is scheduled to begin trading on CEX on April 11, the day after the announcement. A major update to the gamification protocol is scheduled to follow on April 18, 2024.

Introducing Green Bitcoin’s gamified green staking

There is no such thing as Green Bitcoin. Early investors agreed, pouring $9.6 million into the eco-friendly Bitcoin alternative through a month-long ICO that just concluded.

If the popularity of gamified green staking is surprising, it’s probably because the idea is much simpler than you might think.

To receive daily $GBTC rewards, users must purchase $GBTC tokens, stake them on the protocol and play the price prediction game.

We then make daily predictions as to whether Bitcoin will rise or fall within 24 hours.

Users who predict correctly every 24 hours will be rewarded from the daily staking reward pool proportional to the amount of $GBTC tokens they have staked.

Holders can earn bigger rewards by staking their tokens for up to 6 months. Staking is also a fundamental part of Green Bitcoin’s token economics. By reducing the circulating supply of GBTC, staking acts as a long-term price driver.

Big burn news coming later today!

We recommend turning on notifications. pic.twitter.com/GwAO0O8pJP

— GreenBitcoin (@GreenBTCtoken) April 5, 2024

GBTC is more environmentally friendly than Bitcoin.

The circulating supply of $GBTC tokens is 21 million, which is inspired by Bitcoin.

Limiting the number of tokens in circulation creates value by ensuring scarcity.

However, Green Bitcoin is much more environmentally friendly than the world’s largest cryptocurrency.

That’s because $GBTC is on Ethereum, which uses a Proof-of-Stake (PoS) consensus mechanism, making the token cleaner and more efficient than its inspiration.

It consumes only 34 Wh per transaction compared to Bitcoin’s 1,173,000 Wh.

Green Bitcoin ($GBTC) and BTC Halving: What’s Next?

2024 will certainly go down as Bitcoin’s most important year since its launch in January 2009.

Fans and enthusiasts may argue that the 2021 bull market got us where we are now, but adoption has increased significantly since then despite the 2022 recession that flattened the industry with bankruptcies and scandals.

There are currently 11 Bitcoin ETFs that are a hot topic on Wall Street. Bitcoin hit a new all-time high of about $74,000, posted three weeks ago. It is also likely to rise to new highs after the halving, making it ideal for anyone looking to engage in gamified green staking on Green Bitcoin.

The liquidity pool is now locked!

Safe transaction!

Evidence: https://t.co/SYbpjt59Ya pic.twitter.com/AiikakkLY7

— GreenBitcoin (@GreenBTCtoken) April 5, 2024

Bitcoin’s fourth four-year halving begins on April 19 this year. Halving is an event in the Bitcoin code that reduces miners’ rewards by half. Since miners control the issuance of new Bitcoins, this cuts the new supply in half.

The law of supply and demand states that when supply is low during times of high demand, a product becomes more valuable.

Historically, Bitcoin halvings have preceded bull markets. Analysts believe this year will be no different, thanks to Wall Street’s interest in Bitcoin ETFs and demand fueled by the looming supply shortage.

And since bull markets are inherently volatile, that means there will be a lot of rallies and crashes in the near future.

No one can say for sure what this year will do for Bitcoin, but it’s a perfect year to make predictions and make money.

Take a look at the Green Paper, get in early and buy Green Bitcoin now

Green Bitcoin – Gamified Green Staking

• Coinsult’s contract audit
• Early Access Presale Now Live – greenbitcoin.xyz
• Profit Forecast – Cointelegraph Feature
• Staking Rewards and Token Bonuses
• Over $9 Million Raised – Ending Soon