Hi Publishers, do you remember the stake-to-mining project?
It is called BTCMinetrix, the innovation of this project is that through the purchase of the token immediately put into staking, tokens are created to acquire computing power.
Once the computing power is acquired, the tokens will be burnt.
I take up this project again because, the crypto community has responded very well to the innovation.
If we step back to October when I published the Token Review, the situation of tokens in staking was just over 41 mln tokens.
After about 3 months, the situation has increased almost tenfold
Look closely at the two screenshots above: as you can see the values have changed and not by a little.
The staking pool has increased so the participation percentage has decreased proportionally; this means that the smart-contract is working smoothly.
Conversely, the reward has also gone from 1000% to 86%; what has remained constant, as per the Whitepaper, is the amount of tokens to be divided by each validated block.
What is exceptional is that in in the space of 90 days the project has raised just over $6 million!
This suggests to us that interest in this project is very high, on the other hand, however, some attention will need to be paid to a possible price drop as soon as the token is listed on some exchange.
Obviously the project is still in the preliminary stages i.e., pre-sale.
The road map, is only at the first stage, the presale stage; the team is working assiduously to arrive prepared for the second stage of the road-map.
Especially with regard to two key points:
- Negotiations with cloud-mining companies.
- Smart-contract development for stake-to-mine.
80% of the project's success depends on these two stages.
If the team succeeds in getting a good deal with the cloud-mining companies, good profitability of the computing power exchange tokens ensues.
Consequently, if the smart-contract is perfected and tested to perfection, there will be no problems in payments and the community will continue to respond positively.
At the moment the situation is proceeding as best as it can, in all cases I think it is appropriate to proceed very cautiously as the main points of the project have not yet been fulfilled; I think the minimum access amount is the maximum amount I would be willing to commit.
This is at least until phase 2 of the road map is completed.
Nothing written is to be considered an investment proposition; these are only personal assumptions derived from my personal experience gained in the cryptocurrency arena.
