New Crypto Coin Bitcoin Minetrix Introduces First Stake-to-Mine Platform – Presale Raises $100K in a Flash

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Bitcoin mining is highly profitable.

But when it comes to accessibility, mining falls short. The industry is still confined to a few, thanks to the massive initial cost of investment and technical expertise it demands.

Bitcoin Minetrix is a new crypto coin that aims to lower the entry barrier to bitcoin mining.

While there are many cloud mining platforms that work with a similar mission, Bitcoin Minetrix sets itself apart with strong competitive edges. The mobile application’s biggest selling point is the transparency it offers through the tokenization of cloud mining.

BTCMTX presale raises $100K within minutes of launch

The BTCMTX presale went live recently. To the pleasant surprise of the market, it raised $100K within a day of the launch. Since the price is fixed at $0.011, the presale offers the cheapest gateway to the investment. The traffic to the presale hints at the growing interest in the project.

Bitcoin Minetrix (BTCMTX) tokenomics

But is it worth the attention? Here is a closer look at the project and whether it substantiates the mounting hype.

Bitcoin derivatives are trending

One of the biggest catalysts behind the reception of Bitcoin Minetrix is the hype around Bitcoin derivatives in general. Predecessors like BTC2.0, BTC20, and Bitcoin Cash have a history of generating large returns for early investors.

Bitcoin Cash (BCH) all-time price action, CoinMarketCap

That said, not all of these coins have been able to retain their value. For example, BTC2.0 climbed around 80X up the charts within a few days of going live. But soon, it fell to a point of no return and has been lying low ever since.

As far as long-term investors are concerned, speculation and hype are secondary. They are primarily interested in the underlying utility of the coin and whether it has market relevance. That’s what drives the value of a token and keeps it alive even after the hype has subsided.

An analysis of the Bitcoin Minetrix website, white paper, roadmap, and tokenomics reveals that a lot of thought and work have gone into the project. It is not another flimsy new crypto coin with

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Author: Crypto Daily

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