Okay, $BTCX is doing something I haven’t seen much of.
The project says 3% of every transaction is used to buy leveraged Bitcoin exposure which is then distributed to holders several times a day.
It was built by
@jeffkirdeikis, the founder of TrustSwap using StonkFun mechanics.
The loop is what caught my attention. Trading activity feeds the reward pool instead of the token simply relying on a Bitcoin name and a chart.
Still, leveraged assets can move hard in either direction and rewards depend on the mechanism continuing to operate as described. Definitely read through the details before getting involved.