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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Market Stats
Market Cap
$369,748.10
-13.13%
FDV
$454,556.12
Circulating Supply
12,201,400.945 BTCST
Max Supply
15,000,000 BTCST
Total Supply
15,000,000 BTCST
Diluted Valuation
$458,329.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$88,041.40
0.23%
Volume (7D)
$529,772.60
Volume (30D)
$2,509,035.44
All time high
$92.75
Overall Price Change (1Y)
-0.92%
Additional info about Bitcoin Standard Hashrate Token
Recent trends
The price of Bitcoin Standard Hashrate Token has decreased by 0.52% in the last hour and decreased by 13.83% in the past 24 hours. Bitcoin Standard Hashrate Token’s price has also risen by 10.24% in the past week. The current price is $0.0305 per BTCST with a 24-hour trading volume of $88.04K. Currently, Bitcoin Standard Hashrate Token is valued at 99.97% below its all time high of $92.75. This all-time high was the highest price paid for Bitcoin Standard Hashrate Token since its launch. The current circulating supply of Bitcoin Standard Hashrate Token is 12,201,400.945 BTCST which means that Bitcoin Standard Hashrate Token has as total market cap of $369,748.10.
Market details
BTCST vs markets
↘ 93.47%
BTCST vs BTC
↘ 94.09%
BTCST vs ETH
↘ 84.71%
Tags
binance-launchpool
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x78650B139471520656b9E7aA7A5e9276814a38e9 | |
Tronix | TFVge5Nb6or8cpdtdwPuXSGqLHpj3PM9Rp |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0305 | ↘ 13.12% |
1 Day | $0.0352 | ↘ 13.83% |
1 Week | $0.0275 | ↗ 10.24% |
1 Month | $0.0303 | ↗ 0.13% |
1 Year | $0.40 | ↘ 92.41% |
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 $369.75K. 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 $88.04K.
Assets that have a similar market cap to Bitcoin Standard Hashrate Token include Monsta Infinite, Lets Fuckin Go, Roost, 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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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#3736
Contributors
0
Posts
0
% About Bitcoin Standard Hashrate Token
0.003%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
0.7 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
0 unique individuals are talking about Bitcoin Standard Hashrate Token and it is ranked #3,736 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bitcoin Standard Hashrate Token has an average sentiment score of 14 out of 5. Finally, Bitcoin Standard Hashrate Token is becoming less newsworthy, with 0 news articles published about Bitcoin Standard Hashrate Token.
On Reddit, Bitcoin Standard Hashrate Token was mentioned in 0 Reddit posts and there were 0 comments about Bitcoin Standard Hashrate Token. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.