[PRESS RELEASE – Please Read Disclaimer]
The growth of the staking industry has pushed countless projects to work on providing such services to its users as they aim to receive income based on the number of tokens locked for staking.
The latest to do so is Minto – a digital currency project founded more than three years ago allowing merchants and consumers to receive rewards in bitcoin should they choose to stake the native BTCMT hash rate token.
The team behind the project announced its latest milestone in its development, namely the launch of the BTCMT hash rate token staking. The coin works as a DeFi farming token, which the team promised was secured by actively operating computing equipment.
Minto established data centers in parts of Russia with a total allocated hash rate of 50,000 TH/s, which was later tokenized. The team has provided 5,000,000 BTCMT available for staking as 100 coins are equal to 1 TH/s. The first million tokens will be distributed within the presale price of $1.5.
The launch of the staking services coincides with the latest price surge of bitcoin. Last week, the cryptocurrency broke its April all-time high and charted a new one at $67,000. With the release of BTCMT, Minto aims to address the wide attention from long-term investors, especially those interested in digital currency secured with real computing power.
The team also highlighted that it uses the energy from UN-certified hydroelectric power plants that leave zero-to-none carbon footprint, making the bitcoin rewards green.
Separately, Minto, which was built on the HECO blockchain, promised that its staking smart contract was reviewed by a leading company in the audit industry, who confirmed the high level of infrastructure security.
Founded in June of 2018, Minto is a digital currency project where merchants and consumers can get rewards in BTC via staking its BTCMT hash rate token. Minto launched a high-tech data center with a capacity of 65 MW, built in the advanced development territory in the Republic of Karelia in northern Russia on the premises of an abandoned aluminum plant. Minto uses the energy of hydroelectric power plants, which do not harm the environment. Minto pays close attention to the energy industry and uses only renewable resources with a neutral carbon footprint. Minto plans to increase the hash rate of the data center to 120 MW, creating more than two hundred permanent jobs by Q2 2022.
Ethereum co-founder Vitalik Buterin has warned crypto executives to switch focus to collective security and…
Binance founder Changpeng Zhao warned in a recent interview with CoinDesk that traditional banks may…
Ripple CEO Bradley Garlinghouse is pushing back against the idea that the company’s growing RLUSD…
According to a recent report from a local Chinese publication, Chinese regulators have moved against…
Wall Street staged a sharp recovery following the U.S. midterm elections, reversing earlier losses as…
ADA continues to gain popularity in tokenized real-world assets and institutional blockchain adoption. Petrobras’ move…