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**New BEP-20 Cryptocurrency, Bitnance, Approaches $18,000 in Token Presale**
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Bitnance (BTN), a new BEP-20 cryptocurrency and alternative to Bitcoin (BTC) on the Binance blockchain, is nearing $18,000 in its token presales. Recently featured in a “Ask Me Anything” session on BeInCrypto, the project anticipates significant growth in the coming weeks.
The $BTN token is currently in its initial coin offering phase, priced just under $0.36 per token. The presale’s hard cap is set at $2 million, with a total offering of 5.6 million tokens.
**What is Bitnance (BTN)?**
Bitnance serves as a store-of-value token akin to Bitcoin and Ethereum’s “Mollars.” It aims to safeguard investor funds amidst global inflation concerns, amidst what some describe as a financial conflict challenging the dominance of the Dollar by China, its BRICs allies, and Arab nations.
$BTN offers crypto traders and investors an alternative store-of-value option without the high costs associated with the Bitcoin blockchain, which averages over $34 per transaction. In contrast, transactions on the Binance blockchain cost under $2.50 on average and are faster.
Beyond its store-of-value function, Bitnance (BTN) also attracts attention for its potential return on investment (ROI). For instance, Ethereum’s “Mollars” token recently yielded early investors a nearly 400% return during its presale, achieving highs over $1.12 on exchanges like LBank and Uniswap.
**Comparative Potential**
With a total supply of 10.5 million tokens, Bitnance (BTN) could potentially outpace tokens like Mollars (MOLLARS) in growth rate due to its association with the world’s largest cryptocurrency exchange’s native blockchain.
If even a fraction of Binance’s extensive user base adopts $BTN, its value could potentially surge to three to four times the initial launch price, possibly reaching highs of $5 per token.
**Ownership and Distribution**
Unlike Bitcoin, where a portion of tokens may be retained by its creator or team, Bitnance ensures a fair distribution. All tokens will be sold through an equal-opportunity buy-in process, with no tokens held back for the founders or developers.
**Market Dynamics**
Early indications suggest strong interest from traders of tokens like Pepe (PEPE) and Bonk Inu (BONK), with many transitioning funds into Bitnance’s presale. While initial traction primarily involves traders from other blockchains, the influx of BEP-20 trade-ins is growing.
**Tokenomics**
Bitnance’s tokenomics plan allocates 5.6 million tokens for trading, 2.15 million for liquidity, and 2.75 million for exchange listings. Half of the presale’s proceeds will support a $1 million liquidity pool, offering traders flexibility, while the remainder will fund project development, infrastructure, marketing, and listings on major crypto exchanges.
At listing, Bitnance (BTN) expects to debut with a market cap exceeding $4.8 million, positioning itself prominently on market capitalization lists and attracting further trader interest.
For the latest presale figures and project updates, visit the official Bitnance presale page at Bitnance.net. Stay informed with Google News.
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