Data center network operator BitRiver has issued a BTR token, the price of which is equal to the annual cost of 1 W of electricity. On April 19, trading in the asset will start on the Bithumb Global cryptocurrency exchange.
The price of 1 BTR at the time of launch will be $ 0.3504. It will be traded in pairs with Bitcoin, USDT and USDC stablecoins, and fiat dollars. The token is now available for pre-sale with a minimum order volume of 100,000 BTR.
The total issue of tokens for sale will amount to 100 million. In total, the coins are provided with 100 MW of operating capacity of the BitRiver data center in Bratsk and several new sites that will be put into operation in the near future.
BTR allows holders to pay for BitRiver services, repair mining equipment for free and receive additional tokens monthly at a rate of 10% per annum.
After five years – from April 12 to May 12, 2026 – BitRiver undertakes to redeem the tokens at par. After that, the BTR tokens will be burned.
“With the launch of the BTR token, we aim to accelerate our efforts to make cryptocurrency mining greener by offering investors around the world an easy way to become part of greener cryptocurrency mining,” said Igor Runets, founder and CEO of BitRiver.
Recall that in December 2020, the data center operator BitRiver imported to Russia from Asia a batch of more than 20 thousand ASIC miners with a total capacity of about 70 MW.
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