What a way to start this week with Justin Sun officially welcomes the first Binance Launchpool Hashrate token BTCST into the TRON blockchain today.
TRON and BTCST team would be working together closely to mark the start of the newest decentralized Bitcoin mining on the TRON blockchain and to take advantage of its high-speed performance and low network fees.
BTCST not only joins the TRON blockchain and will be also launching their TRON Bridge (BTCST-BEP20 to BTCST-TRC20).
What is BTCST?
BTCST is an asset protocol that brings BTC hash rate assets into DeFi and a token collateralized by standardized Bitcoin mining power.
BTCST is the first-ever BTC leveraged hash rate token and the first hash rate token to be launched on the Binance Launchpool and one of the most popular Binance LaunchPool projects since its launch.
— BTCST (@BTCST2020) March 14, 2021
It is also a BSC-based smart contract that has no private equities, zero venture capital, and zero team token reserves.
BTCST choose TRON blockchain for its high-speed performance and low-network fees. The partnership of TRON and BTCST would bring endless possibilities for the future of Bitcoin and DeFi, as well as the upcoming launch of the BTCST v2 upgrade.
Standard Hashrate Group is backed by the largest Bitcoin Miners in the world and this partnership tokenizes a total of 25 petahashes per second of Bitcoin’s hash rate into Bitcoin Standard Hashrate Tokens (BTCST).
2021 TRON’s Year?
TRON continues to dominate month by month with these partnerships with industry leaders and the arrival of BTCST on the TRON blockchain only means one thing, TRON is just getting better and bigger this year and they made their mark already in the DeFi market.
With TRON and Standard Hashrate Group working together, we would not be surprised if the BTCST grows tremendously in the next few months.
For more news and updates, see Tron Spark.