Bithumb Global to list energy-backed BitRiver token

BitRiver’s data-centre network operator выпустил the BTR token, the price of which is pegged to the annual cost of 1 watt of electricity. Starting on April 19, trading of the asset will commence on the cryptocurrency exchange Bithumb Global.

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The price of 1 BTR at launch will be $0.3504. It will be traded in pairs with Bitcoin, the stablecoins USDT and USDC, and the fiat US dollar. The token is currently available for pre-sale with a minimum order size of 100,000 BTR.

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The total supply of tokens for sale will be 100 million. All told, the tokens are backed by 100 MW of BitRiver’s operational capacity at the Bratsk data centre and several new sites that will come online in the near future.

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BTR enables holders to pay for BitRiver’s services, repair mining equipment for free, and monthly receive additional tokens at a 10% annual rate.

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After five years, in the period from 12 April to 12 May 2026, BitRiver commits to buy back the tokens at nominal value. Thereafter, the BTR tokens will be burned.

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“By launching the BTR token, we aim to accelerate our efforts to improve the environmental sustainability of cryptocurrency mining by offering investors worldwide an easy way to become part of environmentally friendly crypto mining,” said BitRiver founder and CEO Igor Runets.

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Earlier in December 2020, the BitRiver data-centre operator imported into Russia from Asia a batch of more than 20,000 ASIC miners with a total capacity of about 70 MW.

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