Announcing Passage of STP 6: Archimedes Proposal on τBitcoin Initial Liquidity and Airdrop Parameters

BTCST
1 min readMar 26, 2021

Dear Community,

On March 23, we launched STP 6: Archimedes Proposal to decide the initial liquidity and airdrop parameters of BTCST’s first synthetic asset, τBitcoin.

STP 6 has passed with overwhelming support of the community. See voting results here. The team will now implement STP 6 by preparing for τBitcoin’s initial liquidity event and airdrops as part of our development of dApp v2. It will take about one week for the work to complete. We will announce the exact launch dates soon.

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.

Standard Hashrate Group

26th Mar,2021

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BTCST

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