On June 9th, according to GMGN market data, the first Proof-of-Work mining protocol integrated with USD1 on BNB Chain, Bitequal, has reached a total transaction volume of $6 million. The token BTE is currently priced at $11.2, with a 26.29% increase in the past 6 hours. Over 18,000 users have joined mining, with more than 20,000 frameworks and mining rigs deployed in total.
According to the introduction, Bitequal is the first USD1-type depin project, with a fair launch and no pre-mining. The total supply is 21 million tokens, innovatively combining halving and deflationary mechanisms. Within 40 hours of going online, 370,000 BTE tokens have been burned.
