A very healthy Shiba Inu (SHIB) token wallet holding address, joined the rising trend of Tron (TRX) and Kaspa (KAS) coin holders. This week, the ShibArmy ‘leader’ swapped out over 5-million $SHIB to buy into the token pre-sale of BNB-Chain’s new alternative of Bitcoin.
The move was tracked via the Ethereum presale wallet addresses of the Bitnance token presale [transaction here].
The trade off was made on the 21st of August. Over 5-million Shiba Inu coins were converted into Ethereum (ETH), which were then used to make a purchase via the official Bitnance presale site.
Thus far, this Shib Inu trader is the biggest buyer in the initial coin offering, that’s been traced. The purchase secured just over 2050 $BTN tokens for the stealthy investor.
With 99 days left until the ‘flash’ presale is slated to end on December 1st.
Currently the $BTN is being sold for $0.357 [cents]. It will list on CEXES for +30% higher at $0.456 [cents].
The Bitnance token will go live on its first crypto exchange on or before December 6th.
Bitnance is a very ‘exclusive’ token that will have under half the total token supply of Bitcoin. The project developers are expecting to launch a crypto product along with the token, if the presale reaches its ceiling of 5.6M tokens sold.
Based on Binance’s layer-1, BNB-chain [blockchain], the $BTN is designed to handle more transactions per second than Bitcoin. It will also be able to complete a single transaction faster.
The launch on BNB-Chain continues the trend of aiming to disrupt the stronghold Bitcoin has on the store-of-value niche. As cryptocurrency is supposed to ‘decentralize’ banking through digital, peer-to-peer finance, some believe the power of $BTC needs to be diluted a bit to avoid a monopoly.
An alternative store-of-value to Bitcoin was launched on Ethereum networks just months ago. It rose over 300% in value on its Uniswap listing day and has since been picked up by over 6 crypto exchanges.
Solana networks and possibly even Arbitrum could have store-of-value alternatives on the way too.
Bitnance’s launch on BNB-Chain is a surprise to some but for many, it was expected and welcomed with ‘red carpet’ treatment.
The reddit community for Bitnance has risen to over 200 followers, suggesting interest is growing daily.
Bitnance token pre-sale numbers are also trending upwards. The amount of tokens being sold daily is steadily increasing. The +30% profit to be made from buying into the token’s presale may not be the same in a few days if the buying trend continues. Initial Coin Offerings usually run various buying rounds. These rounds are ‘capped’ when a certain amount of tokens have been purchased by investors. The token cost increases with each round closed off.See the latest updates on Bitnance official X profile — @BitnanceToken.
