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The $GBTC presale is sparking FOMO after crossing the $1 million milestone this week as investors prepare themselves for a supply shock, expected to lead to higher prices.
Green Bitcoin’s Gamified Green Staking mechanism brings back predict-to-earn profits, rewarding people for forecasting accurate predictions for the future price of Bitcoin in a gamified staking system.
Investors believe that most $GBTC will be locked into the protocol and won’t be available to be purchased on the open market, leading to a sudden 10x surge in prices.
Here’s everything you need to know.
Green Bitcoin Sparks FOMO After Raising $1 Million.
Green Bitcoin ($GBTC) is officially witnessing FOMO as investors rush to become early adopters of the project, pushing the presale fundraising beyond $1,000,000 this week.
Green Bitcoin allows users to predict the price of Bitcoin through its Gamified Green Staking system, allowing them to earn huge rewards scaled to their level of investment if their prediction is accurate.
Its novel Gamified Green Staking system is changing the dynamics of predict-to-earn while creating a scenario where there might be a shortage of $GBTC tokens on the open market, leading to much higher prices.
As a result, investors are keen to get positioned as early as possible, believing 10x returns are easily attainable once the predict-to-earn ecosystem goes live.
The concept behind Green Bitcoin is to create a unique staking model tied to the price of Bitcoin that doesn’t leave an environmental impact through the PoS consensus mechanism, which is ten thousand times more environmentally friendly than Bitcoin’s PoW.
Gamified Green Staking to Bring Back Predict-to-Earn
Green Bitcoin has created a unique staking system called Gamified Green Staking, which empowers users to make daily predictions on the price of Bitcoin to earn rewards.
Users are required to stake their $GBTC tokens into Gamified Green Staking to be eligible to place a forecast on the next day’s Bitcoin price. Those with accurate predictions that fall in the “Green Zone” are rewarded with a proportionate share of the daily staking reward pool.
The level of rewards depends on the total amount of $GBTC staked and the total duration locked away.
Those locking their tokens for longer durations are rewarded with additional bonuses as recognition for their extended commitment to Gamified Green Staking. For example, weekly stakers are rewarded with a 5% bonus on top of their regular daily rewards, and monthly stakers 10%.
Participants must place their forecasts before 11:30 PM EST to be eligible for rewards. The smart contract tallies the day’s stakes against the Bitcoin price trend at midnight and rewards accurate predictions with a cut of the day’s mining fee rewards.
The rewards are distributed at ten-minute integrals to pay homage to the original Bitcoin blockchain block reward schedule, with winners able to claim the aggregate of their rewards every 24 hours.
Why Are Investors Experiencing FOMO?
The FOMO is officially kicking in as investors learn that Gamified Green Staking can potentially cause a supply shock on the open market.
Those looking to participate in the predict-to-earn price contests are required to stake their $GBTC tokens to be eligible. As a result, a large percentage of $GBTC is likely to be locked into Gamified Green Staking, making it unavailable to be purchased on the open market.
Therefore, those looking to buy $GBTC following the presale to participate in the predict-to-earn price contents will likely struggle to find enough at the presale price due to the supply constraints and will be forced to pay higher prices.
Currently, 65% of the total $GBTC sold in the presale is already locked in the staking contracts, providing stakers with a 331% APY. This figure will likely go higher once the price prediction contents go live.
Early Adopter Prices Still Here
The good news is that the price contests haven’t yet started, and the early adopter presale prices are still here.
Those looking to get positioned in $GBTC can purchase it through the official website for $0.04786. It’s important to note that there’s a rising pricing strategy, so those getting positioned the earliest benefit the most from the lower entry prices.
Overall, Green Bitcoin has created a unique staking ecosystem that fosters engagement and activity on the blockchain. The Gamified Green Staking model provides strong utility for $GBTC, which will cause supply constraints on the open market and lead to much higher prices following the presale.
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