The initial coin offering for Binance-Chain's new store-of-value token on the BEP-20 network has 129 days left before closing out.
The price of Bitcoin (BTC) today continues to fluctuate between the $53,000 and $61,000 range [USD].
At the start of this volatile week, the flagship crypto was trading at around $49,000, and has since risen nearly $10,000.
And it seems Binance-Chain’s alternative SOV token, Bitnance (BTN), is back on a high note as well.
During the earlier bearish crypto cycle this month, due to political turmoil, the Bitnance token presale saw little to no transactions.
However, just as Bitcoin price action surged to $61.2K yesterday, the $BTN began selling again as well.
Bitnance Sales Pump Alongside Bitcoin
The initial coin offering for Binance-Chain’s new store-of-value token on the BEP-20 network has 129 days left before closing out.
However, prices will begin to rise as more tokens are sold.
The ICO is a multi-rounds event, where the token’s price will increase an estimated $0.05 [cents] per round.
Currently, the $BTN is selling at a rate of $0.357 per token.
This gives crypto investors 2.8 tokens per $1 invested.
Investors Have Bought Over 51000 $BTN In Token Presale
Currently over 51,000 Bitnance tokens have been acquired by traders of the total supply — 10.5-Million $BTN.
However, only 5.6-million will be offered at presale prices.
The Bitnance token will list on exchanges for a price 30% higher than its current price, per whitepaper details.
Presale Investors Earned Big Gains On Ethereum-Blockchain’s Alternative to BTC
A Bitcoin alternative was also launched on the Ethereum-Blockchain earlier this year, and launched an ERC-20 token called $MOLLARS.
The token went on to increase nearly 300% in value on the listing day.
It’s expected to have a major bull-run this year after the cryptocurrency launches its decentralized crypto exchange, Mollars.CC, for the public to use.
The Bitnance (BTN) token will be offered to a much larger ecosystem than both Bitcoin (BTC) and Mollars (MOLLARS).
Being a part of the Binance-Chain world, it will have lower trading fees and be easily available to traders using the world’s largest crypto-exchange, Binance.com; all BEP-20’s can be swapped to $BTN.
It’s unclear if there will be any cryptocurrency exchanges being launched in conjunction with the Bitnance (BTN) token.
However, the token is deflationary in design, a way for cryptocurrency traders to retain the value of their hard earned fiat dollars, pesos, or other currency against global inflation.
With the token presale address showing an increase in sales recently of 100%, it could be an indication that crypto investors are once again active and aggressively pushing into the Initial Coin Offering (ICO) space for faster than normal ROI gains.
Bitnance (BTN) Could 10X in Under 4 Months
Currently, Bitnance (BTN) is set to gain +30% in value on its listing day in less than 4 months.
That whitepaper information indicates every $1000 invested will return $300 in profits to investors.
If the token picks up in popularity on listing day, those gains could be even higher.
If it parallels the listing day success of Ethereum-Network’s freshly listed SOV token, Mollars, it could see upwards of a 10x increase in price on listing day.
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