BTCMT Token Overview
The carrier of value in the Minto protocol is the $BTCMT (Bitcoin Mining Token), originally issued in the BNB chain, but not limited to it.
$BTCMT is the governance token behind the Minto protocol.
Name | BTCMT or Minto |
Platform | BNB chain |
Initial number of tokens | 5,000,000.00 |
Hashrate conversion | 1 BTCMT = 0.01 TH/s |
Annual losses | 8% (expected downtime of miners per year) |
Current values |
1 $BTCMT is equivalent to 0.01 TH/s of mining power connected to the project (hashrate), and allows holders to participate in the project development through the DAO community adoption of strategic decisions on the voting platform.
For instance, the creation of the Treasury allows the community to flexibly use the accumulated revenue through voting, promptly funneling it to develop the project in favorable market conditions, or, conversely, to limit the impact of market negativity.
Initially, 5,000,000 $BTCMT were issued, which corresponds to 50 PH/s of the tokenized project hashrate. 90% of the tokens were offered in the presale, after which the remaining ones became available in the open market.
As the new project mining capacities are tokenized, the number of $BTCMT issued into circulation is also growing.
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