![\"Bitriver](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/04\/river-768x432.jpg\")
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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 \u201cbitriver token (BTR)\u201d will represent a single watt-hour (Wh) of Bitriver\u2019s power in Bratsk.<\/strong><\/p>\n The blockchain and mining firm Bitriver<\/a> announced the organization is launching the public sale for its new tokens called \u201cbitriver token (BTR)<\/a>\u201d on April 19, 2021. Each token represents a single watt-hour (Wh) of Bitriver\u2019s low-carbon cryptocurrency mining power and the tokens will have utility as well.<\/p>\n According to the company\u2019s announcement, the tokens will be able to be used to pay for Bitriver\u2019s colocation services and \u201cwill be bought back by Bitriver at original listing price after a five-year period.\u201d Right now BTR is available to pre-sale investors with a minimum order quantity of 100,000 BTR tokens per order.<\/p>\n As far as the public launch is concerned next Monday, the BTR tokens will be sold on Bithumb Global<\/a> and the price per BTR will start at $0.3504 per unit. The announcement says BTR will be paired with BTC<\/a>, USDT<\/a>, and USDC. A supply of 100 million BTR has been issued in order to represent the 100 MW of power.<\/p>\n \u201cFrom day one, we have always sought to use only renewable and surplus energy for all our operations. It is encouraging to see the increasing interest worldwide in low-carbon cryptocurrency mining,\u201d Igor Runets, the founder and CEO of Bitriver said. \u201cBy launching the BTR token, we seek to accelerate our efforts to make cryptocurrency mining greener while offering investors around the world an easier-than-ever way to become part of environment-friendly cryptocurrency mining today.\u201d<\/p>\n <\/ins> <\/ins> <\/p>\n BTR token holders will be incentivized by being able to \u201cget additional tokens every month\u201d and use BTR to pay up to 10% of the monthly collocation service bills. Bitriver says it will accept BTR based on the average market price on the exchange for the last settlement month.<\/p>\n \u201cObtain free of charge repair service of mining equipment that is located in the Bitriver\u2019s mining datacenter each particular month,\u201d the company says. \u201cIf the holder pays 10% of this monthly bill by tokens,\u201d Bitriver\u2019s announcement adds.<\/p>\n In Bratsk the Siberian region of Russia where Bitriver\u2019s managed data centers are located the area has around 5 GW of renewable hydropower. By the end of 2021, Bitriver hopes to capture 300 MW of power and 1,000 MW by the end of 2022.<\/p>\nA Low-Carbon Crypto Mining Token<\/h2>\n
Bitriver Hopes to Capture 1,000 Megawatts of Power by 2022<\/h2>\n