On April 12, the international provider of colocation services for low-carbon cryptocurrency mining Bitriver announced it is launching a pre-sale of tokens backed by 100 megawatts (MW) of mining power in Siberia. The ERC20 tokens called “bitriver token (BTR)” will represent a single watt-hour (Wh) of Bitriver’s power in Bratsk.
A Low-Carbon Crypto Mining Token
The blockchain and mining firm Bitriver announced the organization is launching the public sale for its new tokens called “bitriver token (BTR)” on April 19, 2021. Each token represents a single watt-hour (Wh) of Bitriver’s low-carbon cryptocurrency mining power and the tokens will have utility as well.
According to the company’s announcement, the tokens will be able to be used to pay for Bitriver’s colocation services and “will be bought back by Bitriver at original listing price after a five-year period.” Right now BTR is available to pre-sale investors with a…