We’re excited to launch Bitcoin Standard Hashrate (BTCST) in our DeFi Innovation Zone today! BTCST will join 80+ other DeFi assets on Poloniex.
Along with our listing, we’re holding a Bitcoin Standard Hashrate Net Deposit & Trading Competition from April 7 at 00:00 AM to April 11 at 23:59 UTC! Check out our campaign overview for more details on how to win from a total prize pool of 10,000 USDT!
Interested in our listings? Tell your friends and earn 20% on their trading fees.
What is BTCST?
The Bitcoin Standard Hashrate Token (BTCST) is collateralized by Bitcoin’s (BTC) hash rate, with each token representing 0.01 TH/s of Bitcoin mining power at an efficiency of 60 W/TH. As such, miners contribute their computational power to the platform in exchange for newly minted BTCST tokens.
BTCST’s goal is to channel liquidity to Bitcoin’s mining market. This will allow users to get exposure to mining rewards and hash power of any size at a low cost. The ultimate goal of the app is to increase the liquidity and efficiency of mining power markets as well as bridge the Bitcoin and DeFi worlds. Deposit BTCST now and begin trading.
Market Cap: $488,596,158
24h Trading Volume: $98,082,229
Market Cap Rank: #144
24h Low / 24h High: $49.82 / $67.142
All Time High: $66.91 (March 19, 2021)
All-Time Low: $27.98 (March 25, 2021)
In Circulation: 7,287,599 / 15,000,000 BTCST