Green Bitcoin Surges 1.6x on Uniswap Launch as Whale Attacks

A new green bitcoin alternative called Green bitcoin (ticker: GBTC) landed on Uniswap today at 1 pm UTC and recorded an instant 1.6x windfall after a whale bought $44k worth of it.

GBTC started trading at $1.10 but rose 63% to reach a high of $1.79 immediately after the launch as a result of whale buying.

Since then, profit takers have shaved around 44% off its launch price, as the token changes hands at $0.70 at the time of writing.

The team says it is ready with buybacks to gradually bring the price back up. It has also secured around $200,000 (or $284,949 GBTC) of liquidity for next year. Both measures are already helping to alleviate downward pressure on prices.

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Green bitcoin is now AVAILABLE on Uniswap!

Contract address: 0xdc9CB148ECb70876db0aBeB92f515a5E1dc9f580

Uniswap direct purchase link: https://t.co/93UsyuovY1 pic.twitter.com/GzCJOW6Wnh

—GreenBitcoin (@GreenBTCtoken) twitter.com/GreenBTCtoken/status/1776232847042593194?ref_src=twsrc%5Etfw”>April 5, 2024 <!– wp:embed {"url":"https://twitter.com/GreenBTCtoken/status/1776232847042593194″,”type”:”rich”,”providerNameSlug”:”twitter“,”responsive”:true} –> <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter” wp_automatic_readability=”4″>

Today’s Uniswap listing brings Green bitcoin’s innovative (and addictive!) prediction-to-win “gamified green bet” protocol to the general public. It will be followed by a listing announcement on the centralized exchange (CEX) next week.

Details on the CEX listing are scarce at the moment, but the token will begin trading on the CEX the day after the announcement, April 11. A major update to the gamification protocol will be made on April 18, 2024.

<h2 id="h-what-is-green-bitcoin-s-gamified-green-staking” class=”wp-block-heading”>Introducing Green bitcoin Gamified Green Staking

There is nothing like green bitcoin. Early investors agree and have invested a hefty $9.6 million in the green alternative to bitcoin during a month-long ICO that just ended.

If the popularity of gamified green betting seems surprising, it's probably because the idea is much simpler than it seems.

To claim daily $GBTC rewards, users must purchase $GBTC tokens, stake them in the protocol, and play the price prediction game.

They then make daily predictions on whether bitcoin will go up or down in 24 hours.

Every 24 hours, users who predicted correctly get a share of the rewards from the daily staking reward pool proportional to the amount of $GBTC tokens they staked.

Holders can stake tokens for up to six months to earn higher rewards. Staking is also a key part of green bitcoin tokenomics. By reducing the circulating supply of GBTC, staking acts as a long-term price driver.

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Big burn news coming today!

We strongly recommend that you turn on notifications. pic.twitter.com/GwAO0O8pJP

—GreenBitcoin (@GreenBTCtoken) twitter.com/GreenBTCtoken/status/1776278904514502894?ref_src=twsrc%5Etfw”>April 5, 2024 <h2 id="h-gbtc-is-better-for-the-planet-than-bitcoin” class=”wp-block-heading”>GBTC is greener than bitcoin

The $GBTC token has a circulating supply of 21 million, a clear nod to its inspiration, bitcoin.

Having a limit on the number of tokens in circulation creates value by ensuring scarcity.

However, Green bitcoin is much greener than the world's largest cryptocurrency.

This is because $GBTC is on ethereum, which uses a proof-of-stake (PoS) consensus mechanism, making the token cleaner and more efficient than its inspiration.

It consumes only 34 watt-hours (Wh) per transaction compared to bitcoin's 1,173,000 Wh.

<h2 id="h-green-bitcoin-gbtc-and-the-btc-halving” class=”wp-block-heading”>Green bitcoin ($GBTC) and the btc Halving: What's Next?

2024 will surely go down as the biggest year for bitcoin since its launch in January 2009.

Fans and enthusiasts may argue that the 2021 bull run is what got us to where we are today, but adoption has increased significantly since then, despite the 2022 recession, which devastated the industry with bankruptcies and scandals.

Today there are eleven bitcoin in cash. bitcoin-price-prediction-30.htm”>ETFs which are currently the talk of Wall Street. bitcoin set a new all-time high of nearly $74,000 posted three weeks ago; It also looks like it's going to hit new highs after the halving, perfect for anyone looking to get into the gamified Green bitcoin game.

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The Liquidity Fund has already been blocked!

Safe trading!

Proof: https://t.co/SYbpjt59Ya pic.twitter.com/AiikakkLY7

—GreenBitcoin (@GreenBTCtoken) twitter.com/GreenBTCtoken/status/1776255495143403934?ref_src=twsrc%5Etfw”>April 5, 2024

The fourth quadrennial bitcoin halving arrives on April 19 of this year. Halving is an event in the bitcoin code that halves miner rewards. Since miners control the issuance of new bitcoin, this reduces the new supply by half.

The law of supply and demand dictates that when there is a reduction in supply during times of high demand, commodities become more valuable.

Historically, bitcoin halvings have preceded bull runs. Analysts believe this year will be no different, thanks to the demand created by Wall Street's interest in bitcoin ETFs, coupled with the upcoming reduction in supply.

And since bull runs are inherently volatile, that means there will be plenty of rallies and busts in the near future.

No one can say for sure what the year will add to bitcoin, but it's the perfect kind of year to make some predictions and make some money.

Take a look at the green paper and get there early and buy green bitcoin now