Ethereum and Tether Traders Are Now Buying Bitnance Tokens Too
Date: 2024-08-23 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Previously, traders could only participate in the token presale using BNB coins. Now, investors can buy “Bitcoin Binance Chain” using credit card, ETH, and USDT.
With the addition of new credit card payment options and two ERC-20-based cryptocurrencies, sales have “taken off.” And the upward trend appears to be gaining momentum.
The “Bitnance” token adds another scarce store of value to the crypto space. The token symbol is “$BTN,” and it is a BEP-20 cryptocurrency with a limited supply of 10.5 million tokens.
According to Bitnance's whitepaper, just over five million tokens will be allocated for the pre-sale, with the remaining 4.4 million tokens to be sold after listing on exchanges.
The current price of the Bitnance token (BTN) during the ICO phase is $0.357.
The "Bitcoin Binance Chain" will be listed on cryptocurrency exchanges on or around December 2. The initial coin offering will end on December 1.
The expected listing price, according to the whitepaper, is $0.465.
After listing, investors will be able to make up to +30% by the start of the Christmas season.
However, many expect the limited supply of tokens and the post-election market rally to push prices well above the listing price of $0.465.
Even before this potential bull run, token listing days typically see gains of up to +200% as the cryptocurrency is exposed to millions of new users looking to take advantage of price gaps or entry points.
The value store niche continues to expand as traders look to diversify their holdings away from Bitcoin. The token’s popularity is strong, but decentralization is more important to most traders looking for a digital asset to store value on alternative blockchains.
According to a report answering the question “how many users does the Binance ecosystem have,” over 170 million traders can access the Bitnance token (BTN) after it goes live on exchanges via the BEP-20 network and ecosystem.
