What is a Hashrate token?

If you are looking for virtual currencies with good return, BTCST can be a bad, high-risk 1-year investment option . Bitcoin Standard Hashrate Token price equal to 16.053 USD at 2022-03-23, but your current investment may be devalued in the future.

BTCST is a token collateralized by real Bitcoin mining power; by staking BTCST, holders can receive daily Bitcoin contributions that correspond to the staked mining power. As such, BTCST allows users to mine Bitcoin from inside the decentralized finance (DeFi) ecosystem .

BTCST price predictions are mainly not too optimistic. According to most charts, the token price is not likely to grow and it is considered possible for it to completely drop to 0 at any moment. The maximum expected price for the token by the end of 2021 is $87.

Hashrate tokens represent a predetermined amount of computing power controlled by the token issuer . These tokens are created for investors who want indirect exposure to mining.