New Bitcoin ICO Excites Pepe Holders – Could 100x Gains Be Achievable?
By Simon Chandler
Last updated:
July 2, 2024, 15:50 EDT
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2 min read
The increasingly popular ICO by 99Bitcoins has raised over $2.3 million, with the well-established website and educational resource preparing to introduce its Bitcoin-based native token, 99BTC.
Since its launch in 2013, 99Bitcoins has become known as a trustworthy source of information on cryptocurrency investment. The platform’s credibility has resulted in a surge of interest in its presale.
With the presale already proving to be highly successful, the listing of the 99BTC token could yield significant gains for early investors.
Ever since it opened several weeks ago, 99Bitcoins’ ICO has been gaining traction, drawing investors away from other altcoins. It recently surpassed the $2.3 million milestone, an impressive feat for a new project.
The 99BTC token offers utility and strong fundamentals, providing users access to features and resources on the 99Bitcoins website. Additionally, 99Bitcoins will introduce a learn-to-earn system in conjunction with the token’s launch, rewarding website users with 99BTC for engaging with educational content.
Initially launching on the Ethereum blockchain, 99BTC will later transition to the Bitcoin blockchain and become a BRC-20 token.
Source: 99Bitcoins
10.5% of the total supply will be allocated to the presale, with 14% going to staking, 17% to community rewards, 27.5% to project and team funds, 23% to marketing, and 8% to liquidity.
The ability to stake the token is likely to attract investors, as holders will be able to earn a passive income from 99BTC by simply holding it.
With momentum on its side, 99Bitcoins has a strong chance of a successful listing when the time comes. According to its whitepaper, the project plans to sell 10.395 billion 99BTC in its presale, raising in excess of $11 million.
Following this, the token will be listed, initially on DEXes and later moving to CEXes. Given the success of other presale tokens this year, such as Smog (SMOG) and Scotty the AI (SCOTTY), 99BTC could see a surge in value following its listing.
For example, SMOG saw a rise of over 4,000% in the weeks following its appearance on exchanges, demonstrating the potential for presale coins to significantly appreciate in value.
With a pre-established community and user base, 99Bitcoins has the potential to replicate this performance later this summer.
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Pepe Holders Flock to New Bitcoin ICO Is a Potential 100x Gain Feasible
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