A new initiative built on the Binance Chain is set to revolutionize blockchain technology by offering a deflationary store of value, aiming to cut down on cross-chain transaction fees for investors. Bitnance (BTN), a cryptocurrency designed around scarcity, has already entered its presale phase, garnering attention as the “Bitcoin of the Binance Chain.”
As Bitcoin’s transaction fees soar to new heights post-halving, the crypto community is actively seeking economical alternatives. Bitnance aims to provide a “safe haven” for investors, allowing them to store assets directly on the Binance Chain instead of converting them into BTC.
Similar to Bitcoin in its scarcity model, BTN has a maximum supply of 10.5 million tokens, making it about half as abundant as BTC’s 21 million tokens.
Binance Chain Transactions Offer Significant Cost Savings
Transactions on the Binance Chain average around $2.50 per transaction, in stark contrast to Bitcoin’s average transaction fee of $34. This makes Binance Chain transactions 13 times cheaper, a compelling advantage for investors seeking to minimize costs and maximize returns.
Beyond cost savings, the Binance Chain boasts faster transaction speeds compared to Bitcoin, enhancing efficiency and user experience for asset trading and transfers. Bitnance (BTN) leverages these advantages to provide a more accessible and cost-effective option for investors.
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With the launch of BTN, investors now have access to a cryptocurrency that not only ensures scarcity and deflationary characteristics but also alleviates the burden of high transaction fees. This aligns with the broader trend in the crypto community towards sustainable and cost-effective digital asset management solutions.
Bitnance Presale Details
The $BTN token is currently in its initial coin offering (ICO) phase, presenting an exciting opportunity for early adopters. Each Bitnance token is priced at just under $0.36, making it accessible to a wide range of investors. The presale has set a hard cap of $2 million to support project development and marketing efforts.
During this ICO phase, 5.6 million tokens will be available to the public, emphasizing BTN’s commitment to scarcity, reminiscent of Bitcoin’s approach. Cryptocurrency experts anticipate significant growth for Bitnance, drawing parallels to Bitcoin’s historical performance. They believe that BTN’s deflationary nature and increasing demand for efficient blockchain solutions will drive its long-term value appreciation.
Investors are attracted to BTN not only for its potential profitability but also for its competitive advantages over traditional cryptocurrencies. With significantly lower transaction fees and faster processing times on the Binance Chain, BTN stands out as a formidable alternative to Bitcoin for optimizing investments.
The presale phase marks a pivotal moment for Bitnance, providing early supporters the opportunity to engage with what could potentially become a major player in the cryptocurrency market. To date, the project has already raised over $18,000.
As the presale advances, anticipation grows, with many eagerly anticipating the potential gains and innovations that Bitnance promises to bring to fruition.