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99Bitcoins’ new 99BTC token launched on DEXs after a hot presale. 33B tokens burned to boost price.
New learn-to-earn cryptocurrency 99Bitcoins token (99BTC) launched on decentralized exchanges on Thursday after massive presale success.
The presale ended two days prior, and participants can now claim their tokens from the 99BTC presale page.
To stimulate price growth, 99Bitcoins has burned 33 billion tokens. This significantly reduces the token’s supply, allowing incoming demand to bolster its price.
Banking over $2.5 million in the presale, 99Bitcoins token is undoubtedly one of crypto’s hottest new launches.
Its presale success was no accident. 99Bitcoins is an industry-leading authority with millions of followers across all platforms.
In addition to a news website readership, it has 700K YouTube and 2.8 million email subscribers.
Holding 99BTC provides unparalleled access to the 99Bitcoins token ecosystem. This includes its Learn-to-Earn platform, staking rewards, a VIP community group, trading signals, and more. Traders who missed the token presale can buy 99BTC on Uniswap now.
🚨 Important Update! 🚨In anticipation of launching the $99BTC token, we have just completed a 33 billion token burn! 🔥 This will help our launch market cap be more sustainable for current market conditions.Check out the details here: https://t.co/kPRSz6YkmJ#99Bitcoins… pic.twitter.com/fbwpl8PnQw
— 99Bitcoins (@99BitcoinsHQ) August 8, 2024
Smart money bought the crypto dip – is it time to invest?
Fears of a global recession shook financial markets on Monday, causing prices across the board to nose dive.
At peak capitulation, over $750 billion of liquidity was wiped off the crypto market.
Many cryptocurrencies saw 20% losses or higher, and some endured over 50% retracements.
While this can be shocking for investors new to the industry, the stomach-turning volatility is just another day for crypto veterans.
As crypto newbies folded under the devastating sell pressure, smart money whales swarmed in.
“Buy low, sell high” is reverberated by everyone, but when it comes down to it, many let fear take over and abandon their plans.
But as Sunnydecree reported, whales with over 100 BTC couldn’t get enough of the discounted prices. This ultimately caused BTC to bounce from $49K on Monday to today’s price of $58K.
While noobs are panic selling, whales are panic buying.#Bitcoin pic.twitter.com/9y9RQhuhFd
— sunnydecree (@sunnydecree) August 4, 2024
A lot of BTC has changed hands, transferring from apprehensive newbies to unfazed pros. As a result, these whales will make even more profits as Bitcoin’s price climbs higher in the coming months.
Those new to crypto must understand that deep retracements are a natural part of the crypto market cycle. In fact, the key to success in crypto is harnessing this volatility in a way that becomes profitable.
As big-time Bitcoin holders have shown, this means accumulating crypto at low prices even when everyone else is fearful.
99Bitcoins’ Learn-to-Earn platform aims to get everyone up to speed with crypto market dynamics. Through an incentivized learning model, users can level up their education while learning from experts who have led the market for over a decade.
You might also like: 99Bitcoins token prepares for IEO after raising over $2.5M
99Bitcoins finally launches a token
99Bitcoins has a long track record of providing high-quality crypto news and educational content.
But like many industry-leading outfits, including CoinMarketCap, CoinDesk, and Coinbase, it had yet to launch its own token.
However, that all changed with 99BTC, which will fuel its unique learn-to-earn system.
Users earn XP points by completing courses, modules, and quizzes, which translate to 99BTC rewards.
And alongside opening the door to the 99Bitcoins ecosystem, this token provides holders with exposure to the wider financial market.
Initially launched as an ERC20 token, 99BTC will also launch under Bitcoin’s BRC-20 token standard soon.
With exposure to crypto’s two most valuable ecosystems, plus incentivized learning, 99Bitcoins has massive potential for adoption.
In a volatile and fast-paced market like cryptocurrency, the need for educated participants is crucial. 99Bitcoins is committed to providing the tools and education to navigate all market conditions.
For more information, visit the 99Bitcoins token Uniswap page or join the community on Discord and Telegram.
Read more: Analyst says 99Bitcoins token could 10x as presale enters final days
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