New crypto prophecy from The Simpsons: Is the Bitcoin ETF the new pioneer of the token market?
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A new one has been added to the world-famous phenomenon known as "The Simpsons Prophecies". In the "Treehouse of Horror XXXIV" episode titled "Wild Barts Can't Be Token", which aired last Sunday in the US, Bart accidentally "digitized" an NFT. His sister Marge embarked on various adventures in a blockchain-powered universe to save him.
Despite being treated as a parody, this episode of the series, which faced a series of surprising comments known as the Simpsons prophecies because it deals with real-life events long in advance, made many references to the NFT world.
The episode featured references to many iconic NFT collections and artists, including Bored Ape Yacht Club and Beeple. In the episode, the producers also poked fun at the speculative nature of some NFTs.
Homer, the father who was initially devastated when Bart digitized an inappropriate photo of him, was later ecstatic when he saw the $1.5 million value of the NFT in question.
After this episode of the series aired, the base price of the BAYC NFT, one of the most popular collectibles, increased by 1.59 percent within 24 hours. But despite the Simpsons effect, prices remained well below their peak.
NFT references in the episode brought to mind the NFT craze of the past years. In 2021 and 2022, the NFT market took the crypto world by storm and reached a monthly trading volume of $2.8 billion. However, this crazy rise lost its effect by 2023, and it was stated that 95 percent of NFTs had no value.
When we look at today's market, spot Bitcoin ETF applications are one of the issues that attract the attention of investors. A new crypto project launched in this period, when many companies, especially BlackRock, are waiting for approval from the regulatory body, aims to get its share of the wind of spot Bitcoin ETF news.
What is a Bitcoin ETF token?
Launched with the BTCETF token, the Bitcoin ETF token is an ERC-20 token built on the Ethereum blockchain, known for its security. The token was inspired by the spotlight Bitcoin ETF developments that the US markets are eagerly awaiting.
The project is the tokenized version of this excitement, referring to the spot Bitcoin ETF applications pending approval by the US Securities and Exchange Commission (SEC) and the leading cryptocurrency BTC.
With the pre-sale event organized, the project meets investors who want to buy Bitcoin ETF tokens. Bitcoin ETF, a deflationary token that attracts attention with its staking features, also allows investors to earn passive income.
Bitcoin ETF token pre-sale started
The Bitcoin ETF token pre-sale, which offers investors the opportunity to earn income through staking as well as its performance in stock exchange listings, attracts attention with its fast start. The funds collected so far in the pre-sale, which has just gone live, are approaching 50 thousand dollars.
NFT references in the episode brought to mind the NFT craze of the past years. In 2021 and 2022, the NFT market took the crypto world by storm and reached a monthly trading volume of $2.8 billion. However, this crazy rise lost its effect by 2023, and it was stated that 95 percent of NFTs had no value.
When we look at today's market, spot Bitcoin ETF applications are one of the issues that attract the attention of investors. A new crypto project launched in this period, when many companies, especially BlackRock, are waiting for approval from the regulatory body, aims to get its share of the wind of spot Bitcoin ETF news.
What is a Bitcoin ETF token?
Launched with the BTCETF token, the Bitcoin ETF token is an ERC-20 token built on the Ethereum blockchain, known for its security. The token was inspired by the spotlight Bitcoin ETF developments that the US markets are eagerly awaiting.
The project is the tokenized version of this excitement, referring to the spot Bitcoin ETF applications pending approval by the US Securities and Exchange Commission (SEC) and the leading cryptocurrency BTC.
The Bitcoin ETF token has a total supply of 2 billion 100 million tokens. Of this supply, 40 percent is reserved for pre-sale, 25 percent for staking, 25 percent for the burning mechanism and 10 percent for liquidity. The pre-sale of the Ethereum-based ERC-20 compatible token aims to raise a total of 4 million 956 thousand dollars.
The Bitcoin ETF project team is pursuing a gradual price increase policy in the pre-sale event. Investors have the opportunity to buy Bitcoin ETF tokens at discounted prices by acting early. The earlier they invest, the more profit they can make before the exchange listings take place.
There are 10 stages in the Bitcoin ETF pre-sale. For each stage, 84 million BTCETF tokens are allocated in equal amounts. In the current first phase, investors can buy 1 Bitcoin ETF token for 0.0050 dollars. By the end of the last phase, the token price is expected to have risen to $0.0068.
What's on the Bitcoin ETF token roadmap?
Inspired by the leading cryptocurrency Bitcoin and spot Bitcoin ETF applications, investors buying Bitcoin ETF tokens are excited about the token burning mechanism. A systematic burning of the circulating BTCETF token supply is planned after its listing on the DEX.
The token burn mechanism aims to increase the value of the token by reducing the number of BTCETF tokens in circulation. In total, 25 percent of the BTCETF token supply is planned to be burned and removed from circulation.
The project attracts the attention of investors not only with its token burning mechanism but also with its staking features.
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