The rise of cryptocurrencies and blockchain technology has birthed a new asset class that gives investors many ways of earning income. In comparison, most associate cryptocurrencies with capital gains from aggressive volatility and network validation methods like mining and staking. Another way of earning income from cryptocurrencies exists. This method is called cryptocurrency trading. Crypto trading has been available for years and continues to grow as investors join the blockchain bandwagon, increasing volatility and making trading profitable for crypto enthusiasts. Trading Bitcoin Spark and Theta could reap massive rewards for traders looking for long opportunities at the onset of the bull cycle.
What is Crypto Trading?
Cryptocurrency trading involves buying and selling digital assets to turn a profit. The trading may be done through a contract for difference (CFD) or actively purchasing and holding digital assets to sell at a higher price later. While great investors buy and sell these digital assets to turn a profit, smart investors buy and hold their digital holdings and become part and parcel of the underlying digital platform.
The best time to join a digital blockchain-powered infrastructure is during a bear market and the projects’ initial stages of development. When the two factors connect simultaneously, the project could exponentially grow in the long run after benefiting from the incredible moves seen during bull markets. The underlying market condition dispelled a perfect time to look at Theta and Bitcoin Spark for possible long-term opportunities.
Is it the perfect time to buy BTCS?
Bitcoin Spark presents a life-changing opportunity for investors who have yet to take advantage of the growing digital ecology, including buying Bitcoin for less than $10 per coin. The platform’s lucrative deal quickly spreads like wildfire, attracting whales and institutional investors. Bitcoin Spark’s utility token is the BTCS token, currently available for enterprising crypto lovers for $2.75 per token in the ongoing ICO event. The Bitcoin Spark network will debut a short while after the ICO ends.
But how do BTCS tokens exist without the underlying Spark mainnet? The Bitcoin Spark team developed a strategic plan to initially mint a limited supply of BTCS tokens on the Ethereum mainnet. The minted supply (4.3 million out of the max supply of 21 million) will exist as ERC-20 tokens to support the ICO event scheduled to end in late November.
However, after the mainnet release, the Bitcoin Spark team will introduce a bridging feature on the network to allow community members to transfer their tokens from the Ethereum mainnet to the newly launched Bitcoin Spark network. The bridging feature will maintain a cross-network balance with the established liquidity pools on the BNB Smart Chain, Polygon, and Ethereum networks.
Bitcoin Spark also intends to introduce two streams of revenue that will generate enough cash flow to pay off miner rewards in BTCS tokens. These streams will subsequently play a major role in reducing the gas fees until the network becomes gasless.
First, the Bitcoin Spark team will lend out processing power yielded by miners from the mining layer of the platform’s smart contract. The clients will purchase the power through BTCS tokens, increasing the usability of the token. These earned BTCS tokens will then be channeled to the network’s mining pool, and a portion of the remaining amount will be allocated to the Bitcoin Spark team as income.
The platform will also establish a decentralized marketing campaign to boost income levels. Developing ad slots on the Bitcoin Spark platforms, including the website and mobile application, will achieve these. The slots will be paid in BTCS, and the community will manage the ads alongside an executive from the Bitcoin Spark team.
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