BTC Bull (BTCBULL) is a unique Bitcoin-themed meme coin, designed to offer alternative revenue streams to BTC investors.
With its promise of free Bitcoin, BTCBULL airdrops and token burn events at various BTC price milestones, the meme coin aims to be a beta bet on Bitcoin.
The BTCBULL presale has raised over $6.1 million in short order, with significant investments from smart money investors and crypto influencers.
But is this project legit and how real is its promise of free Bitcoin? In this article, we evaluate BTC Bull’s key aspects, including its whitepaper, market outlook, tokenomics and smart contract audits.
We attempt to answer whether it is indeed an attractive investment that could show a strong correlation to Bitcoin’s long-term growth trajectory.
BTC Bull — A Meme Coin That Promises Free Bitcoin
BTC Bull is a BTC-themed meme coin. Unlike the dogs, frogs and cats, its imagery represents a strong, suave bull, representing the combined spirit of Bitcoin maxis and long-term investors.
However, BTCBULL isn’t a hype-driven meme coin. Unlike most new meme coins that see a pump-and-dump price action, it aims to establish its long-term viability by tying itself to Bitcoin’s long-term growth trajectory.
As per its whitepaper, “BTC Bull Token is a meme token that represents the unstoppable force that will carry Bitcoin to $1 million and beyond. By leveraging the power of community and bullish sentiment, BTC Bull aims to provide a fun and engaging way to participate in Bitcoin’s success.”
In another excerpt, it states, “BTC Bull was created with the belief that Bitcoin’s price will surge to $250,000 and beyond in the upcoming bull cycle.”
As previously mentioned, the meme coin is designed to offer alternative revenue streams to BTC maxis. Investors who are betting on Bitcoin to continue its long-term growth trajectory and are searching for Bitcoin beta plays could find BTCBULL an attractive investment.
The meme coin’s key selling point is its promise of free Bitcoin. BTCBULL holders will receive free BTC when the Bitcoin price hits $150k, $200k and so on. The airdrop size will vary and depend on the amount and duration of investors’ BTCBULL holding.
Additionally, the meme coin will have scheduled token burn events when the BTC price hits $125k, $150k, $175k, and so on. 5% of the entire BTCBULL token supply will be burnt at each event.
To top it off, there is a “massive” BTCBULL airdrop scheduled to take place when the Bitcoin price hits $250,000. 10% of the entire token supply will be up for grabs for long-term meme coin holders.
BTC Bull aims to be an attractive altcoin investment for Bitcoin maxis, particularly due to its small market cap and the unique concept of offering evenly spaced perks, including free BTC.
Moreover, early presale buyers are also benefiting from the meme coin’s staking protocol, which is currently offering a reward rate of 67% per annum. Notably, these rewards will be unlocked and available for withdrawal only 7 days after the token claim goes live.
Is BTC Bull Legit? Tokenomics And Smart Contract Audit
Unlike many new meme coins, BTC Bull has made its tokenomics and smart contract audits publicly available, which potential buyers can evaluate before investing.
Notably, there isn’t any separate allocation for the developer team or any private sale, which reduces the odds of a rug pull or pump-and-dump price action. On the contrary, Donald Trump’s Official Trump meme coin has allocated 70% of its token supply to its creators, which has drawn significant criticism from the crypto industry.
10% of the BTCBULL supply has been allocated towards the airdrop campaigns, which include the BTC airdrops at $150k and $200k, as well as the “massive” BTCBULL airdrop at $250k. A separate allocation indicates that the meme coin’s promise of free Bitcoin is legit and not a scam.
Similarly, 15% of the token supply has been reserved for the Milestone Burn Fund — 5% of the BTCBULL supply will be burned at $125k and every subsequent $25k increase in the Bitcoin price. Additionally, 10% of the supply has been reserved for staking rewards.
A 40% allocation to PR and Marketing does raise eyebrows. As per the meme coin’s whitepaper, these tokens will be “deployed for influencer partnerships, social media campaigns, and brand-building to sustain hype and adoption”.
Crypto influencers could potentially dump their BTCBULL holdings, resulting in a sharp sell-off. However, a high allocation to marketing efforts isn’t surprising, especially considering that widespread brand awareness could benefit the project significantly during a bull market.
Finally, 15% of the token supply is allocated towards a strategic reserve for project development, and the remaining 10% will be used for exchange listings and liquidity.
Overall, BTC Bull follows community-centric tokenomics, which separates it from most new meme coins.
Similarly, the BTCBULL smart contract has been audited by Coinsult and SolidProof, which did not reveal any security risks.
The Coinsult audit revealed only one low-risk issue, which has been acknowledged by the developer team and is being addressed. Regarding this issue, the report reads, “Could be fixed, will not bring problems”.
Besides this, the smart contract passed all the decentralization checks as well as the SWC attack analysis.
Meanwhile, the SolidProof audit found only one information issue, which has no bearing on the token price or client investments. The report further confirmed that the contract ownership has been renounced and its creator cannot engage in nefarious activities, such as minting new tokens, blacklisting addresses or pausing the contract.
The project’s whitepaper also reveals that the BTC Bull project was created by BCBLL LTD, a legitimate company established in the British Virgin Islands. Its address is also mentioned. Notably, most new meme coins don’t offer this level of transparency.
BTCBULL investors can also communicate with the developer team through its X and Telegram.
From the available information, it does appear that BTC Bull is legitimate, as is its promise of free Bitcoin.
BTC Bull Token – Next Big Crypto Presale?
There is an undeniable demand for beta Bitcoin bets. For instance, Bloomberg recently reported that Bitcoin call options expiring on June 27th with a strike price of $300,000 have the second-highest open interest.
In other words, a significant number of BTC options traders are betting on the Bitcoin price to reach $300k by June 27th.
While $300k may be an exaggeration, there is a strong consensus that BTC will hit $150k by the second quarter. This is also indicated by the Global M2 money supply, which has a strong correlation with Bitcoin.
In this event, BTCBULL holders will receive free Bitcoin, which is an excellent bet to take. Moreover, they will also benefit from a token burn event at $125k, at which time 5% of the supply will be burnt.
Smart money investors are also hunting for meme coins showing a strong correlation with BTC.
For instance, the Dog meme coin price is up by 27% on May 22nd after the Bitcoin price reached a new all-time high. However, its relatively high market capitalization of $450 million means limited returns for new investors. It also doesn’t promise free Bitcoin.
Considering that the BTC Bull meme coin is still in its presale, sidelined investors can get an entry at the ground-floor prices.
Unsurprisingly, experts are viewing BTCBULL as an attractive investment, with many calling it the next 100x crypto.
How To Buy BTCBULL?
Interested buyers have two ways to invest in the BTC Bull meme coin.
They can visit the BTCBULL presale and use the OTC widget to connect their crypto wallet. They can then purchase the meme coin, either through a bank card or by swapping ETH or USDT.
On the contrary, they can download the Best Wallet app and invest in BTC Bull without leaving the app in just a few clicks. This way, they will receive continuous updates regarding the presale from the Best Wallet team, as well as a guide on how to claim tokens after the presale.
Investing with Best Wallet also simplifies the claiming process if investors are eligible for the BTC Bull airdrop.
Check out the project’s X and Telegram accounts for more information.
Visit BTC Bull Presale
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