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In October 2023, the digital currency market remains dynamic. While cryptocurrencies across the board start the new month volatile, which historically has positive seasonality, new cryptocurrencies are positioning themselves in the presale. Bitcoin Minetrix (BTCMTX) and Meme Kombat (MK) are two young crypto projects that focus on different market segments. But what do the founders of the projects want to achieve in the medium term?
Bitcoin Minetrix (BTCMTX): Decentralization of Bitcoin mining
Decentralizing Bitcoin mining seems desirable to keep the network secure and resistant to manipulation. Currently, mining is unfortunately becoming increasingly centralized, with dominant mining pools controlling a significant portion of the hashrate. This goes against the original spirit of Bitcoin as a decentralized and censorship-resistant network. In addition, the centralization of mining makes it more difficult for private investors to participate, as it is almost impossible to compete for block rewards with large mining pools. Bitcoin mining is becoming less and less profitable for private investors.
Decentralization would not only increase the security and stability of the network, but also improve accessibility and fairness for all participants, including retail investors. This would distribute power and control over the network more evenly.
The team also clearly highlights this goal on the website:
Bitcoin Minetrix is a tokenized cloud mining platform that allows ordinary people to mine Bitcoin (BTC) in a decentralized manner. We tokenize cloud mining to ensure a secure and transparent experience. We are solving a big problem by eliminating the risk of third-party cloud mining fraud and putting control in the hands of token holders.
Long-term goal – mass adoption
Bitcoin Minetrix aims to achieve decentralization and tokenization of Bitcoin mining using a simple concept. For this reason, investors buy BTCMTX tokens and put them into staking. Initially there are passive rewards before switching to Stake-2-Mine after the pre-sale. From now on, stakers will receive mining credits. You can burn these in order to then claim hashpower and automatically earn rewards from Bitcoin mining.
The Bitcoin Minetrix team has mass adoption firmly in mind and anchored as a long-term goal in Phase 4 of their project plan. This single-minded focus, which aims to achieve widespread acceptance and use of the platform, adds an additional dimension of speculation to the presale. Investors are attracted by the prospect of widespread adoption and potential market penetration, which drives presale demand.
BTCMTX raises $1 million
Bitcoin Minetrix has now raised its first million US dollars in the presale. This milestone reveals a certain level of demand. Phase 2 will now begin when it reaches $1,540,000, which will also be accompanied by the first price increase. In twenty consecutive pre-sale phases, a total of 70% of the BTCMTX tokens are to be sold to the community, which can thus significantly participate in the new crypto project.
Find out more about Bitcoin Minetrix
Meme Kombat (MK): Popular meme characters compete in battle
Meme coins are enjoying great popularity because they bring an entertaining and highly speculative component to the crypto world through viral trends, community building and humorous approaches.
Meme Kombat is currently attracting increased attention by bringing together the most popular meme characters in the crypto scene in a unique battle arena. This innovative approach, which seems unique to date, combines the viral appeal of meme characters with interactive, playful entertainment. The project aims to create an engaging and entertaining platform that appeals to both crypto enthusiasts and gaming fans.
The team would like to start the first season shortly after the end of the presales, in which eleven meme characters will take part – including Dogecoin, Shiba Inu, Pepe Coin, Floki and Spongebob Token.
The fights will be visualized via artificial intelligence, while all results will be transparently generated and documented on the blockchain.
Stake-2-Earn, Bet-2-Earn & high fun factor
The concept of Meme Kombat relies on different facets, with fun being the main focus in the world of meme coins. With the captivating battles of various meme characters and an innovative gaming platform, the team aims to inspire engagement in the community.
At the same time, investors can stake the tokens during the pre-sale. According to the website, the estimated APY is currently 112%. This will of course decrease further if more holders stake their MK tokens, as the staking pool then grows and each staker receives proportionally fewer rewards.
With the start of “Season 1” the Bet-to-Earn feature will be introduced, where users can bet with MK Tokens on the outcome of the meme battles in the arena. Then when the favorite meme character wins, the fans win too.
MK reaches 50% of the soft cap
The soft cap of 1 million US dollars is quickly becoming within reach. Currently, Meme Kombat has raised over $500,000. The MK token currently costs $1,667 and will later receive widespread use in the ecosystem. In addition to staking or as a bet, the rewards are of course also issued with the meme coin. This means that Meme Kombat (MK) explicitly has more utility than the Pepe Coin.
The future will show whether Meme Kombat also achieved viral hype and what fundamental advances Bitcoin Minetrix recorded in development. In this respect, it applies without reservation that investors should always inform themselves thoroughly about risky assets and make their own responsible decision.
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