On April 12, the worldwide supplier of colocation providers for low-carbon cryptocurrency mining Bitriver introduced it’s launching a pre-sale of tokens backed by 100 megawatts (MW) of mining energy in Siberia. The ERC20 tokens known as “bitriver token (BTR)” will characterize a single watt-hour (Wh) of Bitriver’s energy in Bratsk.
A Low-Carbon Crypto Mining Token
The blockchain and mining agency Bitriver introduced the group is launching the general public sale for its new tokens known as “bitriver token (BTR)” on April 19, 2021. Every token represents a single watt-hour (Wh) of Bitriver’s low-carbon cryptocurrency mining energy and the tokens could have utility as effectively.
In response to the corporate’s announcement, the tokens will be capable of be used to pay for Bitriver’s colocation providers and “shall be purchased again by Bitriver at authentic itemizing value after a five-year interval.” Proper now BTR is obtainable to pre-sale buyers with a minimal order amount of 100,000 BTR tokens per order.
So far as the general public launch is worried subsequent Monday, the BTR tokens shall be offered on Bithumb World and the value per BTR will begin at $0.3504 per unit. The announcement says BTR shall be paired with BTC, USDT, and USDC. A provide of 100 million BTR has been issued so as to characterize the 100 MW of energy.
“From day one, we’ve got all the time sought to make use of solely renewable and surplus power for all our operations. It’s encouraging to see the rising curiosity worldwide in low-carbon cryptocurrency mining,” Igor Runets, the founder and CEO of Bitriver mentioned. “By launching the BTR token, we search to speed up our efforts to make cryptocurrency mining greener whereas providing buyers around the globe an easier-than-ever technique to turn out to be a part of environment-friendly cryptocurrency mining immediately.”
Bitriver Hopes to Seize 1,000 Megawatts of Energy by 2022
BTR token holders shall be incentivized by with the ability to “get extra tokens each month” and use BTR to pay as much as 10% of the month-to-month collocation service payments. Bitriver says it’ll settle for BTR primarily based on the typical market value on the trade for the final settlement month.
“Receive freed from cost restore service of mining tools that’s positioned within the Bitriver’s mining datacenter every specific month,” the corporate says. “If the holder pays 10% of this month-to-month invoice by tokens,” Bitriver’s announcement provides.
In Bratsk the Siberian area of Russia the place Bitriver’s managed information facilities are positioned the realm has round 5 GW of renewable hydropower. By the tip of 2021, Bitriver hopes to seize 300 MW of energy and 1,000 MW by the tip of 2022.
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