The Bitcoin and Ethereum Standard Token’s ICO is live
The Bitcoin and Ethereum Standard Token project launched its ICO today. The project goal is to raise $60,000 by selling 7,500 tokens at a price of $8 per token. 12,500 BEST tokens are for sale currently, as the initial token offering will end in several hours.
Bitcoin and Ethereum Standard Token (BEST) decentralizes crypto mining. To do that, BEST anchors real Bitcoin and Ethereum mining power. Investors holding and staking BEST tokens will be able to tap into BTC and ETH mining income using the power of smart contracts. They can also tap into a nascent mining business without setting up mining farms and maintaining any hardware. The team plans to add more valuable crypto-assets into the BEST ecosystem in the future.
The world’s leading mining giants, including Tandao Mining, Weisi Mining, Jiejie Ming, and others, co-founded the BEST token. Besides, the project technical consultant is the former CTO of TRON network. F2Pool is also their in-depth strategic partner.
Why is this token important?
Since the beginning of 2021, the crypto market has continued to grow, gaining more and more attention. The bitcoin price also increased gradually. In mid-Feb, it surpassed the $50,000 mark in one fell swoop and even reached $60,000 later.
Despite crypto’s popularity, ordinary investors have always been discouraged from investing in them for reasons such as high mining costs and low circulation of mining machines.
However, Hashrate Token BEST uses DeFi products to overcome the barriers of the mining industry. It has recently become the focus of the entire industry.
The team behind the project noted that this token is not a new invention. In 2020, Binance introduced hashrate token 1.0. The hashrate token’s goal is to solve the problems of cloud mining power, as well as the problem of poor liquidity of the cloud mining machine industry. This is essentially a mining model token, which is able to standardize mining power. Investors can freely combine and trade it.
