Announcement of BTCST’s Implementation of STP 5: Maya Proposal Voting to Stop New issuance
At 20:00 (SGT) on March 19, 2021, STP 5: Maya Proposal to Stop the New Issuance of BTCST has passed community vote. The Standard Hashrate Group appreciates the community’s overwhelming support of the proposal.
Effective immediately, there will be no more issuance of BTCST. The combined total circulation of BTCST in both BEP20 and TRC20 will be hard capped at 15 million.
This hard cap on BTCST’s total circulation is an instrumental step to ensure optimal implementation of τ , a protocol to synthesize proof-of-work assets. BTCST will continue to be the benchmark asset protocol to bring Bitcoin hashrate asset to DeFi and transform the Bitcoin and DeFi landscapes with τAssets.
Community voting proposals are an important part of the BTCST ecosystem governance. The BTCST team takes into consideration the opinions of every community member. We sincerely thank you for your continued support of the BTCST ecosystem and your active participation in the proposals of the BTCST community. If you have any questions or ideas regarding the BTCST ecosystem and development, you can leave your feedback through the Telegram community channel via this link: https://t.me/BTCST_Community_EN.
BTCST is the blockchain industry’s first Bitcoin leveraged hashrate token and the first hashrate token to launch on Binance LaunchPool. BTCST creates an efficient market for Bitcoin mining power and is the benchmark protocol to bring hashrate assets to DeFi. BTCST transparently governed and has passed the scrutiny of CertiK and Armor Labs, two of the world’s leading blockchain security firms. Since BTCST launched, it has ranked first among Binance LaunchPool projects as measured by TVL.
BTCST is backed by BTC.TOP, Easy2Mine, Genesis Mining, Atlas Mining, and Hengjia Group, five leading institutional miners that collectively represent 12% of Bitcoin’s global hashrate. BTCST is available on Trust Wallet, MathWallet, TokenPocket, SafePal, and other wallets. At present, BTCST is listed on Binance and PancakeSwap.
Binance CEO and founder CZ (Changpeng Zhao) commented that “BTCST is already deployed on the Binance Smart Chain as a cloud mining platform, and we support the project through our mining pool. We are happy to continue working with BTCST on its further development through Binance Launchpool.”
TRON CEO and founder Justin Sun commented that:“We are very excited to welcome the first Binance LaunchPool hashrate token BTCST into the TRON ecosystem. Together we will usher in a new era of decentralized Bitcoin mining on TRON Blockchain.”
Standard Hashrate Group
March 19, 2021