PancakeSwap Welcomes Bitcoin Standard Hashrate Token to Syrup Pool! Stake CAKE, Earn BTCST!
CAKE holders, today we are super happy to be able to offer you a new Syrup Pool from Bitcoin Standard Hashrate Token, a native Binance Smart Chain project that brings exchange-grade liquidity to Bitcoin mining. Each BTCST is collateralized by real Bitcoin mining power!
The Syrup Pool:
Stake CAKE tokens, to earn BTCST tokens!
Total Tokens: 10,000 BTCST
Distribution duration: 30 days
Start block: 3947200 (Jan 13th 3PM SGT)
Finish block: 4811200 (Feb 12th 3PM SGT)
Token rewards per block: 0.011574 BTCST
In order to host the BTCST Syrup Pool, we will need to provide a BTCST-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
As usual, it needs to be approved via a vote.
Why do we need a vote? Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
What is Bitcoin Standard Hashrate Token?
Bitcoin Standard Hashrate Token brings liquidity to Bitcoin mining. Each BTCST is collateralized by 0.1 TH/s of real Bitcoin mining power. By staking BTCST, holders will receive daily Bitcoin distributions that correspond to the mining power staked.
BTCST creates an efficient market among Bitcoin miners. By trading BTCST, market participants can freely enter and exit Bitcoin mining exposure in any size, at any time, and with low costs. Miners without mining power tokenized by BTCST can also make use of the token to hedge against the risks of mining machine cost price fluctuations.
The project team and the partnering mining pool, Binance Pool, will form a governance board that collectively decides on material issues of the project, which include new token issuances, cost level adjustments, surplus profit distribution, and future development. The governance board will have three seats upon launch, two of which to be occupied by the project team and one by the partnering mining pool.
To learn more about Bitcoin Standard Hashrate Token, the chefs advise you to visit their official communication channels:
Telegram (English): https://t.me/BTCST_Community_EN
How do you stake CAKE to earn BTCST rewards?
If you own CAKE tokens, congratulations! You’re the master of your … pancakes.
Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.
- Visit this webpage: https://pancakeswap.finance/syrup
- Click “Approve CAKE” on the BTCST Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 BTCST will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your BTCST tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official BTCST token contract address on Binance Smart Chain is:
Any other BTCST token will be a scam and will result in a financial loss for users. Do not buy tokens from any other token address. Always verify the token address before purchasing tokens. If you receive airdrops from another address for BTCST tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰