New 99Bitcoins Utility Token Presale Raises Over $1 Million
In Brief
99BTC staking grants users a secondary way of earning rewards by supporting the project, and adds an incentive to hold the utility token as a long term investment
99Bitcoins, a well-known crypto educational platform that supplies up-to-date tutorials on how to buy and mine BTC, as well as explanations regarding other crypto concepts, has finally decided to launch its own native cryptocurrency.
Known as 99Bitcoins Token (99BTC), the platform’s native token went on sale at presale.99bitcoins.com on April 10 and as of May 10 has raised over $1 million thanks to its large community base.
The 99BTC token can be purchased with ETH, USDT, BNB, or via credit/debit card, with its price currently being at $0.00104. However, in a little under a week, 99BTC will see a scheduled token price increase to afford early investors with a discount.
What Does This New Utility Token Have to Offer?
As mentioned, the 99Bitcoins.com website has been in the business of providing crucial information and educating would-be crypto users about Bitcoin and other digital assets for years now. With that being the case, it is no surprise that the platform’s new crypto project seeks to do the same thing.
The presale’s website explains that 99BTC will be a Learn-To-Earn (L2E) utility token, meaning that it will provide rewards for learning about crypto from 99Bitcoins. The initial idea of providing monetary rewards started with MyPoints in 1996 when the first rewards platform came out.
The same principle was later introduced with Play-To-Earn and Move-To-Earn projects, which amassed a market value of $8.9 billion in 2023. Now, 99Bitcoins seeks to pioneer the evolution of rewards with a new concept of Learn-To-Earn.
Furthermore, while 99BTC will initially launch on Ethereum’s network as an ERC-20 token, it will soon transition to the BRC-20 model. In doing so, it will join other major cryptos, such as ORDI, SATS, PUPS, and many more that make up the Bitcoin ecosystem, which currently has a total market cap of $3.33 billion.
The 99Bitcoins Presale And Tokenomics
Other things to note about the project’s presale include the fact that it has a total supply of 99 billion 99BTC tokens, with a soft cap of $5.3 million, and a hard cap of 11.07 million. Of the total supply, 10.5% was set to be sold in the presale.
After that, another 14% will be set aside for staking, and 27.5% for project funds. 17% will be used for community rewards, 8% will be used to build liquidity, and 23% will be used for marketing purposes.
99BTC staking grants users a secondary way of earning rewards by supporting the project, and adds an incentive to hold the utility token as a long term investment.
The 99Bitcoins staking rewards are currently in the four figures annualized, due to the new utility token having a small pool of stakers so far.
The project’s goals for Q2 2024 are to market the presale across crypto news sites and YouTube, enable the staking functionality – already achieved – and start building the 99Bitcoins’ platform. In Q3, the project’s roadmap includes presale claims, DEX launches, and introducing L2E platform teasers.
The beta platform release is expected in Q4, near the end of the year, which is also when crypto trading signals will be released.
After that, in 2025 and beyond, 99Bitcoins expects to see a full platform release, optimization of L2E, expansion to other blockchains, strategic collaborations, and instructional content expansion.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
