BitUp, a BTC reward token, catches fire on Binance smart chain network after Bitcoin exceeds $ 60,000 – CryptoMode
“SEC set to allow Bitcoin Futures ETFs as a deadline. “
Bitcoin has been trending upward again for the past few days, thanks to the decision by the Securities and Exchange Commission to allow the first U.S. bitcoin exchange-traded fund to start trading. The popular crypto token BitUp quickly took the necessary steps to take advantage of the opportunity to attract users by offering rewards in BTCB (BTC tokens linked to the Binance smart chain).
The uptrend in Bitcoin has affected the Binance Smart Chain industry so much that the BitUp Bitcoin Reward Token saw an increase of around 1200% in a day after its launch with almost no marketing effort. It was launched as what is called a “stealth launch” and yet investors have flocked to it, and since then the token has attracted thousands of investors at a rapid rate, amassing 3,000 holders at the time of the launch. writing this article. The rationale for all of this is that, with Bitcoin surpassing $ 60,000 and a huge shift in sentiment in favor of the bulls, investors are looking for ways to make even more Bitcoin. BitUp has been just in time to provide fertile ground for its investors to earn more Bitcoin just by holding the BitUp token. However, the concept of BitUP is not limited to just Bitcoin rewards. BitUP also includes a sophisticated smart contract that continually reduces the supply of cryptocurrency. This utility is called “elastic bid,” and it allows the supply to drop continuously, resulting in scarcity and a consistently positive chart for the asset.
Due to the fact that it is a “Rebase Token” as they call it, BitUp differs from conventional tokens in that it does not have a fixed supply. Instead, the amount of rebase tokens is changed every hour. This is accomplished through the use of a technique known as “rebase”. In this method, the overall supply is decreased every hour with a negative rebase, resulting in an increase in price due to the decrease in supply. The reduction in the number of tokens is offset by an increase in the price, resulting in an unchanged total value for the investor’s holdings. Users will continue to own the same percentage of the total token supply as before the rebase.
The relining method ensures that the value of the token will constantly increase over time. Since the graphics on the SEO sites reflect the symbolic price, the graphic on the SEO sites will remain green. With its constantly growing chart, BitUp is able to achieve trending status on all major SEO websites such as CoinGecko, Dextools and CoinMarketCap, attracting new investors to the BitUp family.
The rising chart, coupled with BTC rewards as an incentive to hold BitUp tokens, will allow investors to earn returns never seen before in the cryptocurrency market.
BitUp’s token economy distributes 15% tax on each transaction under different headings. Marketing and repurchase represent 6% of each transaction. This ensures a sufficient amount of money to hold a currency over a long period of time. If necessary, funds will be used to buy tokens to support chart stability in strategic buyouts. 5% goes to reward investors in BTC. Additionally, a 3% liquidity tax allows the platform to maintain a stable liquidity pool to keep investments safe and more sustainable to hold for the long term. Finally, 1% goes to the maintenance of the ecosystem.
BitUp claiming to be the first token to offer the automatic rebase feature combined with BTC rewards, it also provides a surprisingly bullish chart and consistent BTC rewards. Bit has set high expectations for other BSC tokens. An advanced code, a bullish utility, and an amazing community of crypto investors who want to own and receive BTC rewards set BitUP apart from the rest.
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