BTC Standard Hashrate Token
|All Time High:|
|Market Cap: |
|The price of #BTCST today is $0.31 USD.|
The lowest BTCST price for this period was $0, the highest was $0.314, and the current live price for one BTCST coin is $0.31388.
The all-time high BTCST coin price was $671.
Use our custom price calculator to see the hypothetical price of BTCST with market cap of ETH or other crypto coins.
|The code for BTC Standard Hashrate Token crypto currency is #BTCST. |
BTC Standard Hashrate Token is 2.8 years old.
|The current market capitalization for BTC Standard Hashrate Token is $2,238,415.|
BTC Standard Hashrate Token is ranked #774 out of all coins, by market cap (and other factors).
|The trading volume is modest today for #BTCST.|
Today's 24-hour trading volume across all exchanges for BTC Standard Hashrate Token is $50,359.
|The circulating supply of BTCST is 7,131,349 coins, which is 48% of the maximum coin supply.|
Note the limited supply of BTC Standard Hashrate Token coins which adds to rarity of this cryptocurrency and increases perceived market value.
STP 14: τAsset Liquidity Provider One-Time Compensation Program
Purpose This STP proposes to make whole those who provided liquidity on PancakeSwap for any τAsset but suffered losses as a result of active Restorative Rebase. If this STP passes, the BTCST team will retrieve on-chain data to verify those who experienced Restorative Rebase while providing liquidity for τAsset to date. The team will then airdrop τAsset to the affected address in the same amount and type deducted through Restorative Rebase. To avoid future impact by Restorative Rebase when providing liquidity for τAsset, make sure to only provide liquidity for any τAsset through our dedicated portal at https://swap.btcst.finance. Options • Pass • Deny Voting time: 6/24/2021 10:00pm to 7/1/2021 10:00pm SGT Voting link: https://vote.btcst.finance/#/1btc.eth/proposal/QmQbn7vAAVYjsQEPqQVufVBjc5dYFj36qENP3YcNdV7q4c
STP 13 (Proposal Blue Sky): An Evolution of Bitcoin with Far Less Carbon Emission
Purpose This STP, named Blue Sky, proposes B20, an evolution of Bitcoin with far less carbon emission. If passed, B20 will be fairly and 1:1 airdropped to all Bitcoin holders as if it were a straightforward Bitcoin fork. There will be no pre-mining, new issuance, or ownership misappropriation. B20 will follow Bitcoin’s mining schedule but will be upgraded to PoS mining. While Bitcoin holders may claim their 1:1 B20 anytime, the PoS mining rights of all unclaimed B20 will be proportionately assigned to BTCST holders, who can then participate in B20 PoS mining as if their BTCST’s were B20's. Details The cryptocurrency industry is at a crossroad. While blockchains have proven that distributed ledgers could be far more trustworthy, efficient, and versatile than legacy centralized data recordation methods, some opinion leaders have criticized what they perceive as unreasonably high energy expenditure. Supporters of Bitcoin’s Proof of Work consensus algorithm view that the absolute amount of energy consumed by Bitcoin is in fact low compared to traditional financial systems. For example, according to a Greenpeace and WWF study, traditional banks relying on non-blockchain ledgers were directly and indirectly linked to 805 million tons of carbon dioxide emission in 2019. The Proof of Work proponents therefore view the energy consumed as necessary and acceptable. Others disagree. According to the Cambridge Bitcoin Electricit...
STP 12 — The Third Standard Hashrate Token
STP 12 — The Third Standard Hashrate Token Purpose This STP aims to let the community decide what standard hashrate token to launch next. Details We have selected two candidates based on market surveys on CMC to create the next Standard Hashrate Token.BCH (note: broad mining pool support; hashing algorithm identical to that of BTC)LTC (note: broad mining pool support) Options · BCH · LTC Voting Time Jun 12, 2021, 11:00 PM – Jun 19, 2021, 8:00 PM SGT Voting Link https://vote.btcst.finance/#/1btc.eth/proposal/QmfGppbw1mNnHLxtnjKqrAV2Wb6ke5hAaBwz88mxawCgZ9
STP 11: Hashrate Assurance Lock
Purpose This STP aims (i) to assure the community that the hashrate backing BTCST is sufficiently decentralized and over-collateralized and (ii) to clarify the process with which BTCST will restore hashrate in the unlikely event of hashrate instability. Details The team has received many inquiries about BTCST’s hashrate stability in light of certain recent developments on Bitcoin mining regulations. The team now proposes this STP to assure the community that hashrate stability has always been a top priority for the project and to demonstrate that the team is well prepared to take tremendous steps to prevent adverse hashrate event. If this STP is passed, Standard Hashrate Group will formally take the following actions:Maintain a reserve pool of hashrate that exceeds 150 PH/s of Bitcoin mining power in size, making the hashrate reserve ratio of BTCST greater than 100% (meaning we reserve 1 PH/s of Bitcoin hashrate for each 1 PH/s of hashrate in production);In the unlikely event that a percentage of BTCST’s production hashrate becomes unstable or inefficient in terms of power usage, we will replenish the production pool with hashrate from the reserve pool to completely remove any impact the instability may cause to BTCST;Until all unstable hashrate has passed BTCST’s audit to convincingly demonstrate to the Standard Hashrate Group that the hashrate has become stable again with equal or better power usage efficiency and i...
STP 10 — Responsive Restorative Rebase
STP 10 — Responsive Restorative Rebase Purpose This STP proposes to make Restorative Rebase described in STP 8 take effect immediately when the TWAP of a τAsset drops below 1.0. The STP aims to eliminate the perverse incentive for certain market participants to rush to sell τAsset before a fixed time of a day to front-run an epoch of Restorative Rebase set to occur at that time. Details The team has noticed that when Restorative Rebase described in STP 8 is set to occur at 08:00 pm (SGT) on a certain day, many market participants will rush to sell their τAsset before that fixed time to avoid paying the Restorative Contribution. This creates a perverse incentive that could worsen price discount and weaken price peg. The team now proposes Responsive Restorative Rebase as an improvement. If this STP is passed, Restorative Rebase will take effect, and all outgoing transfers (other than those whitelisted) of the relevant τAsset must pay a Restorative Contribution, as soon as the TWAP of the τAsset drops below 1.0. Restorative Rebase will remain in effect until the TWAP of the τAsset restores to 1.0. Other details of STP 8 remain unchanged. Options · Pass · Deny Voting Time Sat., 22:00 05/22/2021– Tue., 22:00 05/25/2021 SGT Voting Link https://vote.btcst.finance/#/1btc.eth/proposal/QmdkgUEty3nncAQ7QiwpUh5otNS64vuM1Nbc3ubHhYXey
τBitcoin Launch Guide 3 — Mining Tutorial
τDoge Launch Guide 3 — Mining Tutorial Today (May 14, 2021) at approximately 10:00pm (SGT, UTC+8), BTCST’s implementation of STP 9: τDoge Initial Liquidity and Airdrop Parameters will come online. BTCST, τDoge, and Dogecoin (BEP 20 version) holders will become the recipients of τDoge airdrops and will be eligible to stake and mine τDoge. This post, discussing how to mine τDoge with BTCST dApp, is the third of 3 guides that we are publishing to help our community members make the most out of the τDoge Initial Liquidity Event and airdrops.(1/3) : τDoge Launch Guide 1 — FAQs(2/3) : τDoge Launch Guide 2 — Airdrop Tutorial(3/3) : τDoge Launch Guide 3 — Mining Tutorial Before starting this guide, please make sure that you have enough BNB (BEP20 version) in your wallet to cover network fees charged by the Binance Smart Chain for the operations described below. To see τDoge in your wallet, you should first add it as a Custom Token. We use MetaMask as an example, but the dApp supports TrustWallet, Binance Chain Wallet, and other mainstream wallets as well. Steps to add Custom Assets in other wallets should be substantially the same.Open MetaMask and click Assets to see the tokens in your wallet.Make sure your MetaMask is connnected to BSC Mainnet, NOT Ethereum.Scroll down to the bottom and click Add Token.Click Custom Token.Paste the contract address for τDoge 0xe550a593d09fbc8dcd557b5c8...
τDoge Launch Guide 2 — Airdrop Tutorial
τDoge Launch Guide 2 — Airdrop Tutorial Today (May 14, 2021) at approximately 10:00pm (SGT, UTC+8), BTCST’s implementation of STP 9: τDoge Initial Liquidity and Airdrop Parameters will come online. BTCST, τDoge, and Dogecoin (BEP 20 version) holders will become the recipients of τDoge airdrops and will be eligible to stake and mine τDoge. This post, discussing claiming airdrops from the BTCST dApp, is the second of 3 guides that we are publishing to help our community members make the most out of the τDoge Initial Liquidity Event and Airdrops.(1/3) : τDoge Launch Guide 1 — FAQs(2/3) : τDoge Launch Guide 2 — Airdrop Tutorial(3/3) : τDoge Launch Guide 3 — Mining Tutorial Before starting this guide, please make sure that you have enough BNB (BEP20 version) in your wallet to cover network fees charged by the Binance Smart Chain for the operations described below. To see τDoge in your wallet, you should first add it as a Custom Token. We use MetaMask as an example, but the dApp supports TrustWallet, Binance Chain Wallet, and other mainstream wallets as well. Steps to add Custom Assets in other wallets should be substantially the same.Open MetaMask and click Assets to see the tokens in your wallet.Make sure your MetaMask is connnected to BSC Mainnet, NOT Ethereum.Scroll down to the bottom and click Add Token.Click Custom Token.Paste the contract address for τDoge 0xe550a593d09fbc8dcd55...
τDoge Launch Guide 1 — FAQs
τDoge Launch Guide 1 — FAQs Today (May 14, 2021) at approximately 10:00pm (SGT, UTC+8), BTCST’s implementation of STP 9: τDoge Initial Liquidity and Airdrop Parameters will come online. BTCST, τDoge, and Dogecoin (BEP 20 version) holders will become the recipients of τDoge airdrops and will be eligible to stake and mine τDoge. This post, answering the most frequently asked questions about τDoge, is the first of 3 guides that we are publishing to help our community members make the most out of the τDoge Initial Liquidity Event.(1/3) : τDoge Launch Guide 1 — FAQs(2/3) : τDoge Launch Guide 2 — Airdrop Tutorial(3/3) : τDoge Launch Guide 3 — Mining Tutorial 1. What is τDoge? With the implementation of STP 8 — Restorative Rebase and its demonstrably strong price history (i.e., with a stable price premium at 5–6%), τBitcoin has established itself as the most successful synthetic Bitcoin in DeFi. 🎉 Following the success of τBitcoin, τDoge is the second synthetic asset that BTCST stakers can mine. 🪂 The price of τDoge is pegged 1:1 to that of Dogecoin in accordance with the price pegging mechanism of the Tau Protocol and STP 8 : Restorative Rebase. τDoge along with τBitcoin will soon form the foundation of τEcosystem starting with the launch of τSage with industry-leading partners. To see τDoge in your wallet, you should first add it as a Custom Token. We use MetaMask...
STP 9 — τDoge Initial Liquidity Event and Airdrop Parameters
STP 9: τDoge Initial Liquidity and Airdrop Parameters Purpose This STP 9 decides the initial liquidity and airdrop parameters of BTCST’s second synthetic asset, τDoge. If STP 9 is passes, synthetic mining of τDoge by BTCST stakers and airdrops for other ecosystem participants will commence via BTCST’s dApp on Friday, May 14, 2021 at 08:00pm (SGT). Details With the implementation of STP 8 — Restorative Rebase and its demonstrably strong price history (i.e., with a stable price premium at 5–6%), τBitcoin has established itself as the most successful synthetic Bitcoin in DeFi. Now, BTCST is ready to unveil its second synthetic asset, τDoge, that users can stake BTCST and τBitcoin to synthetically mine.See the τ protocol whitepaper for more details on the mechanism of τAssets.See STP 8 for details on Restorative Rebase, which substantially enhanced the price pegs of all current and future τAssets. Total initial liquidity of τDoge is proposed to be set at 150,000,000. Here are launch parameters of τDoge initial liquidity event proposed; all time intervals are approximated by block count: · Earned by staking BTCSTs: 75,000,000 (50.00%); distributed over 8 weeks; rewards halve weekly (determined by block counts). · Earned by staking τBitcoin: 750,000 (0.50%); distributed over 8 weeks; rewards halve weekly. · Earned by staking BEP-20 Dogecoin (i.e., Binance Smart Chain version of Dogecoin): 750,000 (0...
STP 8 — Restorative Rebase
STP 8 — Restorative Rebase Purpose This STP proposes Restorative Rebase, an improved way for τBitcoin to conduct deflationary rebase (e.g., bringing the relative price of τBitcoin compared to Bitcoin back to 1). If STP 8 is passed, Restorative Rebase will be activated for τBitcoin on or by April 30, 2021 at 08:00pm (SGT). Details As τBitcoin continues its initial liquidity event, it has demonstrated strong price resilience and earned tremendous market recognition. No deflationary rebase has been triggered because of the built-in open market purchases and our community’s trust in τBitcoin’s price pegging mechanism. This shows that τBitcoin, supported by miners representing 12% of Bitcoin’s global hashrate, is the most successful synthetic Bitcoin on the market. The team has since received advice from experts in algorithmic assets and our community on how τBitcoin’s deflationary rebase process could be improved. Namely, the current deflationary rebase process described by the τ whitepaper proportionately reduces the balances of all τBitcoin addresses during a deflationary epoch. This process could discourage some market participants from holding τBitcoin, for the universal rebase could be viewed as unfairly punishing faithful owners not responsible for price deviation. The team now proposes Restorative Rebase as an improvement. Restorative Rebase intends to (i) not only protect but also reward faithful ...
More BTC Standard Hashrate Token (#BTCST) News
|Binance Coin Facing Massive Sell Pressure? Mithril Team Wants 200,000 BN...
In an announcement today, Binance declared that based on recent reviews, it has decided to delist the Mithril (MITH), Tribe (TRIBE), Augur (REP) and Bitcoin Standard Hashrate Token (BTCST) tokens on December 22, 09:00 (UTC) and cease trading on all trading pairs.
As stated in a blog post about the matter, Binance periodically reviews the standards for a listing on the exchange. If a token no longer meets that standard, 'we will conduct a more thorough review and potentially delist it,' Binance declared.
Factors in the review include the team's commitment to the project, volume and quality of development activity, trading volume and liquidity, stability and security of the network from attacks, and stability of the network.
Will The MITH Team Be Able To Dump 200,000 Binance Coins (BNB)? The Mithril team responded to the notice, disclosing that as part of the MITH listing, they had to pay a deposit of 200,000 BNB to Binance, which has not yet been returned.
On behalf of the Mithril community, we ask CZ to return this deposit so that Mithril may continue to operate.
The Mithril team wrote via Twitter that it has a long history of working with Binance since 2018 as the first token listed on the BNB Beacon Chain (BEP2) network. Furthermore, the team behind MITH claims that it has donated to Binance Charity and collaborated on other Binance initiatives based on partnerships and informal requests.
Since Binance 'unilaterally decided' to end the partnership, the Mithril team is aski...
|Binance Removes Trading Pairs for FTX-Linked Serum Token
Binance, the world’s largest crypto exchange, will remove multiple trading pairs for the DEX protocol Serum (SRM), which is known to have deep ties to both FTX and Alameda Research.
The token will no longer be tradeable for Bitcoin (BTC), Tether (USDT), or Binance's native BNB token.
What is Serum?
Binance revealed Serum’s trading restrictions, alongside a handful of other pair removals, in an announcement on Friday. Other restricted assets include the BTC hash rate-backed BTCST token, and the Gifto protocol’s GTO token.
Binance will remove the 16 mentioned pairs starting Monday at 3:00 UTC. Other pairs related to the listed assets will remain available for trade.
“Users are strongly advised to update their trading strategies prior to the cessation of strategy trading services to avoid any potential losses,” it said. Binance also temporarily suspended deposits for Solana-based USDT and USDC last Thursday, and has thus far only resumed USDC deposits.
Serum is a decentralized exchange protocol on Solana created by a consortium including the FTX, Alameda Research, and the Solana Foundation. Its native token, SRM, gives holders fee discounts while using the protocol, alongside governance rights.
Earlier this month, both FTX and Alameda filed for bankruptcy and froze withdrawals for almost all counterparties. Meanwhile, the Solana Foundation revealed on Monday that it currently has 134.54 million tokens trapped on the exchange....
|US Judge Orders Bitcoin Ponzi Operator Imprisoned for Ignoring Court Ord...
A district judge has ordered a bitcoin Ponzi operator to be arrested and imprisoned after he ignored multiple court orders and failed to pay the U.S. Securities and Exchange Commission (SEC) $40 million. He pleaded guilty to securities fraud in 2015.Bitcoin Ponzi Operator Faces Imprisonment After Failing to Pay SEC
Judge Amos L. Mazzant of the U.S. District Court for the Eastern District of Texas said earlier this week that a bitcoin Ponzi operator will be arrested and imprisoned for civil contempt unless he immediately provides overdue documents and payments, Bloomberg reported.
Trendon Shavers, a resident of McKinney, Texas, owes the U.S. Securities and Exchange Commission (SEC) more than $40 million after pleading guilty in September 2015 to one count of securities fraud. However, he has repeatedly disregarded court orders, Judge Mazzant said, adding:
Shavers's flagrant disregard for the court's orders on multiple occasions leads to only one conclusion: Shavers will only comply with the court's orders if he is incarcerated.
The SEC charged Shavers and his company, Bitcoin Savings and Trust (BTCST), in July 2013 for running a bitcoin Ponzi scheme. According to the authorities, he defrauded investors out of at least 764,000 BTC.
The SEC obtained a ruling against him in September 2014. The regulator said at the time:
The court's judgment requires Shavers and BTCST to pay more than $40 million in disgorgement and prejudgment interest, and orders each defendant to pay a civil p...