New Cryptocurrency Green Bitcoin Raises $3.2m While Bitcoin Price Breaks Through $70k The new cryptocurrency Green Bitcoin has raised $3.2 million in funding as the price of Bitcoin surpasses $70,000.
On March 12th, 2024, in London, United Kingdom, news was reported by Chainwire. Recently, all attention has been focused on the cryptocurrency market as Bitcoin surpassed $70,000. The biggest cryptocurrency in the world hit a record high of $33,377 but then retreated slightly. Bitcoin’s surge has been fueled by strong interest from companies such as MicroStrategy, which raised $800 million to buy more Bitcoin through a convertible note offering. Although Bitcoin is the main focus, a new initiative called Green Bitcoin (GBTC) is creating excitement by raising over $3.2 million in its presale. Green Bitcoin is promoting a more environmentally friendly approach to cryptocurrency. Green Bitcoin has successfully raised $3.2 million during its token presale, focusing on providing a more environmentally friendly approach to the crypto market. Built on Ethereum’s energy-efficient Proof-of-Stake blockchain, Green Bitcoin offers a greener alternative to Bitcoin’s mining model. The project introduces a unique “Gamified Staking” system where users stake the GBTC token to earn rewards by predicting Bitcoin’s price movements. This innovation combines Bitcoin’s reputation with sustainable technology, offering holders the opportunity to earn ongoing rewards. As of today, GBTC holders receive a 140% annual staking rate. Additionally, stakers have the opportunity to earn extra bonuses if their BTC price forecasts align with specific “green zones.” Individuals have also been flocking to Green Bitcoin’s Telegram channel in order to gather information about the project and interact with the team. 40% of the entire GBTC supply has been allocated for presale purchasers. The team is looking forward to the continuation of growth and momentum in the second quarter of 2024 regarding Green Bitcoin. Green Bitcoin (GBTC) is a recently introduced cryptocurrency project on the Ethereum network that offers a greener, more environmentally friendly option compared to Bitcoin. In addition, holders can earn staking rewards and participate in ‘predict to earn’ activities, including weekly challenges. The project was launched in late 2023 with a presale goal of $7 million, with over $3 million already raised. 63% of investors have chosen to stake their GBTC holdings.