The BTC Bull crypto project launched its ERC-20 BTCBULL token on Uniswap today at 14:00 UTC, following the close of an $8 million presale. The token was listed at $0.002564. Within minutes, the price dropped to a low of $0.001389, representing a 46% decline. At the time of writing, $BTCBULL is trading at $0.0015, a 42% decrease from the listing price, with approximately $750,000 in trading volume recorded in the first four and a half hours.
The token launched with $778,000 in liquidity on Uniswap. Before the listing, on July 3, the project team burned 35% of the total BTCBULL token supply, reducing the total supply from 21 billion to 13.65 billion tokens. Based on the listing price, the project’s initial market capitalization is approximately $35 million. According to official project announcements, over 1.8 billion tokens were staked before the $BTCBULL listing, reducing the circulating supply.
BTC Bull Project Overview and BTCBULL Token Mechanics
BTC Bull is an ERC-20 meme token designed to reward holders based on Bitcoin price milestones. The token includes a deflationary model that burns tokens at predefined Bitcoin price levels, while also distributing Bitcoin rewards to token holders when Bitcoin reaches specific thresholds.
The cryptocurrency project incorporates staking, airdrop mechanisms, and automated token burns. The remaining token supply includes both circulating tokens and those locked in the staking contract by early participants.
Crypto Presale and Delayed Launch
The BTC Bull token sale spanned several months, with prices gradually increasing through multiple stages, eventually raising over $8 million. Originally scheduled to launch on June 30, the listing was postponed by the project team, with no public explanation provided.
During the presale, users could stake their tokens immediately after purchase. The staking mechanism offered annual yields to participants and was intended to support price stability at listing.
BTCBULL Roadmap and Milestones
BTC Bull’s roadmap is based on predefined Bitcoin price milestones. At each $25,000 increase in the price of Bitcoin, the token smart contract will either execute a token burn or trigger a Bitcoin airdrop for $BTCBULL holders. For example, a burn is planned at $125,000 BTC, while the first Bitcoin reward distribution is set for $150,000 BTC.
Future milestones include additional burns and BTC airdrops at $175,000, $200,000, and $225,000 BTC. A 10% BTCBULL token airdrop is planned if Bitcoin reaches $250,000. These events are publicly listed and tied to automatic smart contract behavior.
