Koop AutoMiningToken (AMT) in Brazil

AutoMiningToken, or AMT, is a crypto project on the BNB Smart Chain network focused on democratizing Bitcoin mining. The project allows individuals to participate in Bitcoin mining without directly managing the complex operational aspects. By holding AMT tokens, users effectively invest in a Bitcoin mining ecosystem, which reportedly includes over 2,500 mining machines primarily located in Paraguay. The project aims to remove the need for individual investors to handle machine acquisition, maintenance, high electricity costs, and regulatory burdens associated with mining. AMT tokens function similarly to partitioned ASIC miners; a larger token holding corresponds to a greater share of terahash power, which in turn leads to higher Bitcoin production. Profits from the mining operations are distributed daily to token holders in BTCB, a synthetic Bitcoin token on the BSC network. This distribution is proportional to the amount of AMT tokens an investor holds. The project utilizes smart contracts for profit distribution, which are described as immutable and publicly accessible. There are two primary ways profits are handled: Direct Profit, where holders earn BTC directly, and the Growing Liquidity Reserve (GLR). The GLR allows AMT holders to exchange their tokens for BTC, and any tokens exchanged through this mechanism are burned, which is intended to enhance the overall profitability of the ecosystem. The project states that its system is entirely backed by Bitcoin and terahash. Audits of staking smart contracts have been performed by Hacken and Solidity Finance. The AutoMiningToken project officially launched in September 2022. Its roadmap has included milestones such as being listed on CoinGecko and the development of Web3 games, including a Bitcoin mining simulator. The total supply of AMT tokens is capped at 100,000,000, with new tokens issued as more hashing power is integrated into the system. Leer meer