Whale Sends Green Bitcoin’s GBTC Token Up 1.6x On Uniswap Launch
A new eco-friendly Bitcoin alternative called Green Bitcoin (ticker: GBTC) landed on Uniswap at 1PM UTC today and it posted an instant 1.6x windfall after one whale bought $44k worth of it.
GBTC began trading at $1.10 but climbed 63% to reach a high of $1.79 immediately after the launch as a result of the whale purchase.
Profit takers have since shaved about 44% off its launch price as the token changes hands at $0.70 as of this writing.
The team says it is ready with buybacks to gradually bring the price back up.
It has also locked in around $200,000 (or 284,949 $GBTC) of liquidity for the next year.
Both measures are already helping relieve the downward price pressure.
Green Bitcoin is now LIVE on Uniswap!
Contract address: 0xdc9CB148ECb70876db0aBeB92f515a5E1dc9f580
Direct Uniswap Buy link: https://t.co/93UsyuovY1 pic.twitter.com/GzCJOW6Wnh
— GreenBitcoin (@GreenBTCtoken) April 5, 2024
Today’s Uniswap listing brings Green Bitcoin’s innovative (and addictive!) predict-to-earn “gamified green staking” protocol to the wider public.
It will be followed by a centralized exchange (CEX) listing announcement next week.
Details on the CEX listing are thin at present, but the token will begin trading on the CEX the day after the announcement, April 11. A major update to the gamification protocol will follow on April 18, 2024.
There’s nothing out there quite like Green Bitcoin. Early investors agree, and have poured a tidy $9.6 million into the eco-friendly Bitcoin alternative over a month-long ICO that has just ended.
If the popularity of gamified green staking seems surprising, it’s probably because the idea is much simpler than it sounds.
To claim daily $GBTC rewards, users have to buy $GBTC tokens, stake them on
Read more on cryptonews.com
