Launched on Uniswap decentralized exchange yesterday, 'Bitcoin on Ethereum' coin BTC20 is proving an excellent advert for staking, with 54% of tokens now deposited into the smart contract. At the time of writing, $3,303,345 has been staked at a current annual percentage yield of 79.47%, according to the latest BTC20 website real-time dashboard data. BTC20 continues to hold its presale price of $1 and is expected to steadily appreciate in price as yield seekers buy the coin to stake. However, the team announced yesterday that it had started a buyback program using funds raised in the presale. The BTC20 price is trading at around $0.94, according to data on DEXTools.
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