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Dear BTCST Community,

On February 24, 2021, the BTCST Community concluded the voting on STP-4 Redenomination Proposal with an agreement to implement a 1:10 redenomination.

After consultation with our commercial partners and mining members, the Standard Hashrate Group is now announcing our planned upgrade to BTCST’s smart contract next week, the week of March 15, to effectuate the 1:10 redenomination across the multiple partnered exchanges and wallets.

While the smart contract upgrade itself takes a few minutes only, we expect that it can take up to 4 days for all of our commercial partners to fully implement the redenomination. …


Dear Community,

Per feedback from the BTCST community, the Standard Hashrate Group initiated a community denomination voting proposal at 02:00 UTC+8 on February 22, 2021. For the vote, the proposal provided a total of four options for the token denomination, while keeping the overall valuation of BTCST unchanged:

A: The circulation to change from 1.5 million to 15 million BTCST

B: The circulation to change from 1.5 million to 150 million BTCST

C: The circulation to change from 1.5 million to 1.5 billion BTCST

D: Remain unchanged

After 66 hours of community voting, the BTCST community denomination STP-4 proposal’s voting…


Entering 2021, the whole industry witnessed a huge Bitcoin price increase that brought a more positive and bullish attitude towards the market among investors. Subsequently, it has attracted unprecedented attention in the field of BTC computing power mining. Additionally, the rapid development of the DeFi sector and BSC (Binance Smart Chain) ecosystem will accelerate the process of driving BTCST to the top of the market.

BTCST is collateralized by 0.1 TH/s of real-world Bitcoin mining power, which is historically proven to be positively correlated to the performance of the digital gold, and hence the value of BTCST climbs along with…


Dear BTCST Community,

STP 3 — Gas Fee Optimization is now complete. Users of our dApp should experience up to 60% reduction in gas fee when un-staking BTCSTs or claiming BTC from the dApp.

In addition, our users no longer need to combine many staking transactions into one in order to reduce the number of staking records. The smart contract now optimizes this step for our users as well.

We thank you for your understanding during the upgrade. If you have any further questions or suggestions, please join our Telegram community at https://t.me/BTCST_Community_EN


Dear BTCST Community,

As voted by you, BTCST’s dApp will undergo an upgrade to lower gas fees for unstaking BTCSTs and claiming Bitcoin rewards.

Since the team is performing additional testing to ensure data accuracy, we have postponed the upgrade to Monday, Feb. 15, 2021. Details are below. Thank you.

Please note the following during the upgrade:

  • The dApp is scheduled to go into upgrade mode starting from 9:00 pm SGT (UTC+8) on Monday, February 15, 2021 and will last for 2 hours. We will let you know here and on Twitter when the upgrade is complete.
  • During the upgrade…


Dear BTCST Community,

As voted by you, BTCST’s dApp will undergo an upgrade on Wednesday to lower gas fees for unstaking BTCSTs and claiming Bitcoin rewards.

Please note the following during the upgrade:

  • The dApp is scheduled to go into upgrade mode starting from 9:00 pm SGT on Wednesday, February 10, 2021 and will last for 2 hours. We will let you know here and on Twitter when the upgrade is complete.
  • During the upgrade, you will not be able to view dApp data, stake, unstake, or claim BTC rewards.
  • Your BTCSTs and Bitcoin rewards are safe.

After the upgrade:


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Voting website: https://vote.1-b.tc/

STP-1: BTCST Reinvestment Pool #QmSecox

Results

Pass

9.18k BTCST 82.45%

STP-2: Next Standard Hashrate Token

Results

None

7.78k BTCST 62.04%

STP-3: Proposed dApp Upgrade to Optimize Gas Fee

Results

Pass

5.23k BTCST 100%

We appreciate our community’s votes. We will follow our community’s governance and build the reinvestment pool and upgrade the dApp to optimize gas fee. We estimate to complete both on Feb. 10, 2021.


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Hi BTCST Community,

To celebrate the Year of the Bull, we have teamed up with Binance Smart Chain to provide a Lunar New Year special airdrop in BNB! To have a chance at winning $500 USD worth of BNB, you must follow the steps below:

  1. Follow our Twitter at https://twitter.com/btcst2020
  2. Join our Telegram at https://t.me/BTCST_Community_EN
  3. Send your new BEP-20/BSC address in the Google Form: https://forms.gle/2jfxrA4NkDJpAFwm6

The first 2,500 users with a new BSC address will split the prize pool of BNB! Binance Smart Chain will distribute the rewards after the completion of the event. We wish all of our community members a Happy Lunar New Year!


Dear BTCST Community,

We are aware that some of you are facing “unpredictable gas limit” issues or high gas fees when attempting to unstake or claim BTC rewards. After investigation, we are able to confirm that these issues occur when a user has too many staking transactions.

As an example, if a user stakes 10 times on day 1, then keeps staking for 10 days, a total of 100 computational steps must be performed when unstaking or claiming BTC. This would cause very high fees, or, in extreme cases, “unpredictable gas limit” errors.

To solve this, our engineers will upgrade…


Dear BTCST Community,

We are excited to announce that our Snapshot governance site is now live. Here are notes on what’s to come.

  • Snapshot is a governance-by-vote toolkit commonly used by DeFi communities. By connecting your wallet to Snapshot (as you do with other dApps), you can vote on active proposals based on how many relevant project tokens you have.
  • Ordinarily, this would mean that you have to hold project tokens in your wallet address at the Snapshot time when the votes are counted. That wouldn’t work in our case, for that would mean our most loyal staking holders would…

BTCST

Bitcoin Standard Hashrate Token (BTCST) brings exchange-grade liquidity to Bitcoin mining. Each BTCST is collateralized by real Bitcoin mining power.

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