- Green Bitcoin will launch on Uniswap with CEX listings and a protocol upgrade after raising $9.6 million in its ICO.
- Green Bitcoin reduces crypto’s environmental impact by using Ethereum’s PoS to reduce transaction energy utilization.
Green Bitcoin’s Initial Coin Offering (ICO) has raised $9.6 million successfully, paving the way for its launch on the Uniswap Decentralized Exchange (DEX) on Thursday, April 4, 2024, at 1 PM UTC.
This new digital currency is setting itself apart from Bitcoin and drawing investors who care about the environment because of its eco-friendliness and financial potential.
The Arrival of Green BitcoinÂ
With a target listing on Centralized Exchanges (CEXs), Green Bitcoin is set to further expand its reach after a successful presale that saw the project surpass its $9.6 million target in just a single month, building earlier coverage by ETHNews.
With an official announcement slated for April 10, 2024, it will come just one day ahead of the CEX debut, with the goal of introducing this innovative cryptocurrency to even more people on April 11, 2024.
A major protocol upgrade scheduled for April 18, 2024, has also been announced by Green Bitcoin in a calculated attempt to improve its market position and usefulness.
This update is projected to give market players a significant window of opportunity to purchase GBTC tokens before the cryptocurrency’s capabilities and infrastructure undergo a transformation that is predicted to be revolutionary.
The Future of Staking: Predict-to-Earn
Green Bitcoin’s innovative platform relies on its predict-to-earn feature, which lets users profit from Bitcoin price fluctuations by properly predicting them.
This unique method lets users play with the cryptocurrency market and earn passive income by staking. Stakeholders are rewarded at an astounding 63% Annual Percentage Yield (APY) at first, but as more users join the staking pool, this rate may drop.
Green Bitcoin distinguishes itself despite having the same moniker as the industry leader by taking a fresh approach to environmental and utility action.
Through the integration of Bitcoin’s tokenomics driven by scarcity, such as a limited quantity of 21 million tokens and a well planned emissions schedule, Green Bitcoin conforms to the fundamental tenets of digital currency while spearheading an environmentally conscious route.
Eco-Aware Crypto: A Revolution in Thinking
Green Bitcoin’s environmental policy is based on the proof-of-stake architecture of the Ethereum network. Instead of rewarding miners with BTC for computationally intensive tasks that use a lot of energy, proof-of-stake rewards validators with ETH for securing the network, reducing transaction energy consumption.
This change not only represents a significant turning point in the cryptocurrency community’s energy consumption philosophy, but it also modifies the public’s understanding of the environmental impact of the sector.
The website for Green Bitcoin emphasizes the sharp difference in energy usage between the two cryptocurrencies, noting that a single Bitcoin transaction uses 1,173,000 Wh of energy, whereas a Green Bitcoin transaction only uses 34 Wh.