1. What is BTCST?

Introduction to BTCST Cryptocurrency

BTCST (Bitcoin Standard Hashrate Token) is a cryptocurrency based on blockchain technology. It offers high security and anonymity, serving not only as an investment asset but also playing an important role within the blockchain ecosystem.

• Features: High security and anonymity
• Function: Plays an important role in the blockchain ecosystem
• Technological Foundation: Strong underlying blockchain technology

This is a blockchain-based cryptocurrency primarily used to provide secure and anonymous transaction services within the blockchain ecosystem.

2. Who founded BTCST?

The founder of BTCST (Bitcoin Standard Hashrate Token) is Alex Zhao, who is the CEO of Standard Hashrate.

3. Which venture capitalists have invested in BTCST?

As of 2023, I have not found any public information indicating that well-known venture capital firms have directly invested in BTCST (Bitcoin Standard Hashrate Token). BTCST is a token based on Bitcoin mining hashrate, primarily used for the distribution of Bitcoin mining profits.

However, the issuer of BTCST is Binance Launchpool, which is a cryptocurrency issuance platform under Binance. Therefore, it can be said that Binance supports the issuance and development of BTCST to some extent.

If you need more specific information or the latest investment status, please visit the official website of the relevant project or contact their team for the latest information.

4. How does BTCST work?

The operation of BTCST (Bitcoin Standard Hashrate Token) cryptocurrency:

1. Based on BSC blockchain: BTCST is a BEP-20 token based on the Binance Smart Chain (BSC) blockchain.

2. Collateralized by Bitcoin mining power: This token is collateralized by standardized Bitcoin mining power, with each token representing 0.1 TH/s of Bitcoin mining power at a standard of 60 W/TH.

3. Governed by a Decentralized Autonomous Organization (DAO): BTCST employs DAO principles to manage the project, ensuring transparency and community governance.

4. Token economics: The maximum supply of BTCST is 15 million, with an initial supply of 1 million tokens. New tokens can only be generated when qualified miners decide to standardize and tokenize Bitcoin hashrate through BTCST.

5. Holder rewards: BTCST holders can stake their tokens and receive daily Bitcoin rewards, which depend on the mining power they have staked.

6. Buying and storing: Users can purchase and store BTCST on centralized exchanges (like Bitget), using debit/credit cards, bank transfers, or peer-to-peer trades.

7. Historical changes: BTCST underwent a 1:10 token revaluation on March 15, 2021, resulting in a tenfold increase in the supply of tokens, which lowered the value of the tokens.

Overall, BTCST aims to integrate Bitcoin into DeFi, enhancing liquidity and efficiency in the BTC mining market.