Governance is Live

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 have to lose a day of mining rewards to vote. We definitely don’t want that! So we have customized Snapshot in a way such that both BTCSTs at your voting address and BTCSTs staked by the voting address in our dApp would count towards your vote.
  • Two Standard Hashrate Proposals (or “STPs”) will be available starting tomorrow February 2nd, 8:00pm UTC+8 for community votes. Details are below.
  • Voting will end on Friday, February 5th, at 8:00pm UTC+8.
STP - 1
STP - 2

As always, join our Telegram community here if you have any questions. Mine on.

About BTCST

BTCST is a token collateralized by real Bitcoin mining power. By staking BTCSTs, holders of the tokens will receive daily Bitcoin distributions that correspond to the mining power staked. With BTCST, you mine Bitcoin the DeFi way.

Email us for general inquiries: satoshi@1-b.tc

Twitter: https://twitter.com/BTCST2020

Telegram: https://t.me/BTCST_Community_EN

Reddit: https://www.reddit.com/user/BTCStandardHashrate

Governance: https://vote.1-b.tc

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