BTCST is an asset protocol that integrates Bitcoin hashrate assets into the DeFi ecosystem by utilizing Bitcoin mining capacity. It aims to address the limited exit options and liquidity issues faced by Bitcoin miners. Essentially, BTCST is a token backed by standardized Bitcoin mining power, creating a marketplace for both current and potential miners. When BTCST was launched, miners faced high equipment costs and long-term commitments, often relying on brokers for sales. The project was introduced to broaden participation opportunities in Bitcoin mining and enhance trading exposure. Launched via Binance Launchpool, BTCST has developed into a highly liquid hashrate token with a significant market presence and premium. Key features include transparent governance, audits by CertiK and Armor...
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