CryptoMediaClub
Tuesday, July 8, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Whale Sends Green Bitcoin’s GBTC Token Up 1.6x On Uniswap Launch

07.04.2024
A A
0
135
VIEWS
ShareShare

A new eco-friendly Bitcoin alternative called Green Bitcoin (ticker: GBTC) landed on Uniswap at 1PM UTC today and it posted an instant 1.6x windfall after one whale bought $44k worth of it.

GBTC began trading at $1.10 but climbed 63% to reach a high of $1.79 immediately after the launch as a result of the whale purchase.

Profit takers have since shaved about 44% off its launch price as the token changes hands at $0.70 as of this writing.

The team says it is ready with buybacks to gradually bring the price back up.

It has also locked in around $200,000 (or 284,949 $GBTC) of liquidity for the next year.

Both measures are already helping relieve the downward price pressure.

Green Bitcoin is now LIVE on Uniswap!

Contract address: 0xdc9CB148ECb70876db0aBeB92f515a5E1dc9f580

Direct Uniswap Buy link: https://t.co/93UsyuovY1 pic.twitter.com/GzCJOW6Wnh

— GreenBitcoin (@GreenBTCtoken) April 5, 2024

Today’s Uniswap listing brings Green Bitcoin’s innovative (and addictive!) predict-to-earn “gamified green staking” protocol to the wider public.

It will be followed by a centralized exchange (CEX) listing announcement next week.

Details on the CEX listing are thin at present, but the token will begin trading on the CEX the day after the announcement, April 11. A major update to the gamification protocol will follow on April 18, 2024.

From ICO To Uniswap: GBTC

There’s nothing out there quite like Green Bitcoin. Early investors agree, and have poured a tidy $9.6 million into the eco-friendly Bitcoin alternative over a month-long ICO that has just ended.

If the popularity of gamified green staking seems surprising, it’s probably because the idea is much simpler than it sounds.

To claim daily $GBTC rewards, users have to buy $GBTC tokens, stake them on the protocol, and play the price prediction game.

They then cast daily predictions on whether Bitcoin will go up or down within 24 hours.

Every 24 hours, the users that predicted correctly earn a share of rewards from the daily staking reward pool proportional to the amount of $GBTC tokens they staked.

Holders can stake tokens for up to six months to earn bigger rewards. Staking is also a fundamental part of Green Bitcoin’s tokenomics. By reducing GBTC’s circulating supply, staking acts as a long-term price driver.

Big burn news coming later today!

We'd highly advise turning your notifications on. pic.twitter.com/GwAO0O8pJP

— GreenBitcoin (@GreenBTCtoken) April 5, 2024

GBTC is Better For The Planet Than Bitcoin

The $GBTC token has a circulating supply of 21 million, a clear nod to its inspiration, Bitcoin. Having a cap on the number of tokens in circulation creates value by ensuring scarcity.

However, Green Bitcoin is much greener than the world’s largest cryptocurrency.

That’s because $GBTC is on Ethereum, which uses a Proof of Stake (PoS) consensus mechanism, making the token cleaner and more efficient than its inspiration

It consumes just 34 watt-hours (Wh) per transaction compared to Bitcoin’s 1,173,000 Wh.

Green Bitcoin ($GBTC) and The BTC Halving

2024 will surely go down as Bitcoin’s most significant year since its launch in January 2009.

Fans and enthusiasts may argue that the 2021 bull run is what got us to where we are today, but adoption has increased significantly since then, despite the 2022 recession, which leveled the industry with bankruptcies and scandals.

Today there are eleven spot Bitcoin ETFs that are currently the talk of Wall Street. Bitcoin set a new all-time high of nearly $74k posted three weeks ago; it also looks set to climb to new highs after the halving, perfect for anyone wanting to get into Green Bitcoin’s gamified green staking.

The Liquidity Pool has now been locked!

Safe trading!

Proof: https://t.co/SYbpjt59Ya pic.twitter.com/AiikakkLY7

— GreenBitcoin (@GreenBTCtoken) April 5, 2024

Bitcoin’s fourth quadrennial halving arrives on April 19 this year. The halving is an event in Bitcoin’s code that slashes miners’ rewards in half. Since miners control the issuance of new Bitcoin, this cuts the new supply in half.

The law of supply and demand dictates that when there is a supply squeeze at times of high demand, commodities become more valuable.

Bitcoin halvings have historically preceded bull runs. Analysts believe this year will be no different, thanks to demand created by Wall Street’s interest in Bitcoin ETFs coupled with the upcoming supply squeeze.

And since bull runs are inherently volatile, that means there will be plenty of rallies and crashes in the near future.

Nobody can say with certainty what the year will add to Bitcoin, but it’s the perfect kind of year to make some predictions and win some money.

Take a look at the green paper and get in early and Buy Green Bitcoin Now

The post Whale Sends Green Bitcoin’s GBTC Token Up 1.6x On Uniswap Launch appeared first on Cryptonews.

Share10Tweet7ShareSharePin2

Related Posts

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?
All news

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

07.07.2025
0

The Pi Coin price and trading activity have dwindled in the days following “Pi Day,” an event where the Core...

Read moreDetails
BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

07.07.2025
Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

07.07.2025
Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

07.07.2025
Bitcoin Price Prediction: ‘Rich Dad Poor Dad’ Kiyosaki Hopes for a Massive Crash – What is Smart Money Expecting?

Bitcoin Price Prediction: ‘Rich Dad Poor Dad’ Kiyosaki Hopes for a Massive Crash – What is Smart Money Expecting?

07.07.2025
Load More
Next Post
Jeo Boden Price Hits New All-Time High as Eyes Turn to Another Meme Coin’s Upcoming Exchange Debut

Jeo Boden Price Hits New All-Time High as Eyes Turn to Another Meme Coin’s Upcoming Exchange Debut

5 1 vote
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Coinbase Customers Lose $65M in Two-Month Rip-off Spree as Safety Lapses – ZachXBT

Coinbase Customers Lose $65M in Two-Month Rip-off Spree as Safety Lapses – ZachXBT

5 months ago
NFT Royalty Payments Hit Two-Year Low as per Nansen

NFT Royalty Payments Hit Two-Year Low as per Nansen

2 years ago

Russian Malware Targets Crypto Wallet: US and UK Intelligence Agencies Issue Joint Warning

2 years ago
Binance.US Grapples with Challenges Amid Plummeting Trading Volume

Binance.US Grapples with Challenges Amid Plummeting Trading Volume

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

Coinsilium’s Strategic Bitcoin Accumulation: A Bold Move in Digital Assets

Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

Bitcoin Price Prediction: ‘Rich Dad Poor Dad’ Kiyosaki Hopes for a Massive Crash – What is Smart Money Expecting?

Bitcoin Price: Unveiling Four Crucial Trends Shaping BTC This Week

Trending

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?
All news

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

07.07.2025
0

The Pi Coin price and trading activity have dwindled in the days following “Pi Day,” an event...

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

07.07.2025
BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

07.07.2025
Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

07.07.2025
Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

07.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz