About Btcst.finance Airdrop
Btcst.finance Airdrop is the bridge between Bitcoin hashrate assets and the DeFi world. Each BTCST is collateralized by 0.1 TH/s of Bitcoin mining power. By staking BTCSTs, holders of the tokens will receive daily Bitcoin distributions that correspond to the mining power staked. BTCST is airdropping free BTCST tokens to Telegram users. Create an account on Binance, join BTCST’s Korean Telegram group and submit your details to the airdrop form to receive anywhere from $1 – $5 worth of BTCST. The top ten referrers will also get a share from a pool of $2,000 BTCST.
|Binance Smart Chain||$1 – $5||KYC for users is NOT a requirement||Click Here To Visit|
Step No 1
Register for the Btcst.finance Airdrop Airdrop, by creating an account.
Step No 2
Verify your email & log in to your account.
Step No 3
Take part in the referral program and invite 3 friends.
Step No 5
Follow Btcst.finance Airdrop on Twitter & like/share the pinned tweet and tag 3 friends.
Step No 6
Like/follow Btcst.finance Airdrop on Facebook & like/share the pinned post.
Btcst.finance Airdrop claims mining rewards from the Bitcoin network centrally and distributes rewards to holders de-centrally. The project will partner with a reputable mining pool to claim mining rewards from the Bitcoin network. Namely, the project will direct all mining power collateralizing the token to the partnering mining pool in exchange for daily mining rewards as calculated and allocated by the pool. Centralization of this step is necessary to ensure feasibility and accountability: the mining pool will act as both a service provider and as an auditor that monitors mining power sufficiency. As it is customary, the project expects up to 10% of annual mining power downtime.
Liquidity Premium Protection
The expect the price of BTCST to command a liquidity premium as compared to mining power without tokenization. To protect this premium against undue sell pressure, material issuances of BTCSTs must be approved by the project’s governance board. The project may freely issue on any given day BTCSTs representing up to 5 PH/s of mining power. For a daily issuance of BTCSTs representing more than 5 PH/s, the issuance must be unanimously approved by the project’s governance board, which includes a seat occupied by the partnering mining pool.
In addition, and similar to how Grayscale Bitcoin Trust operates, newly issued BTCSTs are subject to a 25-week lock period. BTCSTs issued to the project itself are subject to the same lock period. The release schedule for locked tokens is linear and weekly. For example, if 1000 locked BTCSTs are issued and locked on January 1, forty BTCSTs will be released from lock on January 8 and every week thereafter until the 175th day after January 1.
As a leveraged Bitcoin token; Market-Making
Each Btcst.finance is collateralized by real mining power. Therefore, its fair market value can be determined by the discounted cashflow model. The price of BTCST in secondary trading should track that of Bitcoin and the token should be able to function as a leveraged Bitcoin token in an efficient market. Further, because BTCST does not depend upon financial derivatives, it is by design free from liquidation risk. The project team will serve as BTCST’s main market-maker.
Unlike tokens the intrinsic values of which are hard to ascertain, BTCST has not only an intuitive valuation model as but also an over-the-counter market for the underlying assets. The project team, therefore, has clear methodologies and incentives to bring the market price of BTCST towards equilibrium .
Team, Partners and Governance
Btcst.finance program team consists of mining veterans with four years of experience constructing and managing mining sites in Yunnan, Sichuan, Xinjiang and Inner Mongolia provinces of China. Assets under the team’s management include those of some of the largest cloud mining providers in the world.