# Bitcoin Standard Hashrate Token Market Performance Overview

**Published:** 2026-05-16T00:00:00.000Z  
**Topic:** Bitcoin Hashrate  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/2e784a6a-cc61-4d2d-8643-746421ffd801

The Bitcoin Standard Hashrate Token (BTCST) is currently priced at $0.010258, reflecting recent market fluctuations for the DeFi-based mining asset.

The Bitcoin Standard Hashrate Token (BTCST) is currently trading at $0.010258, with market data indicating a decline of 3.02% over the most recent 24-hour period [1]. The asset, which operates on the Binance Smart Chain, currently holds a market capitalization of $125,163 [1].

**Key takeaways**
* BTCST is a BEP-20 token designed to bridge liquidity to the Bitcoin mining market by collateralizing tokens with real mining power [1].
* Each token represents 0.1 TH/s of Bitcoin mining power at an efficiency of 60 W/TH [1].
* The project is governed by a decentralized autonomous organization (DAO) where token holders and miners vote on material issues [1].
* The total supply of the token is determined by the sum of all BTCST tokens staked on the platform [1].

## Mechanics of the Hashrate Token
Launched on December 13, 2020, the Bitcoin Standard Hashrate Token was created to allow users to gain exposure to Bitcoin mining rewards and hashpower within the decentralized finance (DeFi) ecosystem [1]. The project is managed by the Standard Hashrate Group, which reported that its backing industrial-scale miners represented 12% of the global Bitcoin hashrate as of February 2021 [1]. 

The platform functions as a cloud mining service where users stake their tokens to receive daily Bitcoin contributions corresponding to their staked mining power [1]. To ensure transparency and legitimacy, the Binance Pool serves as the auditor for the protocol [1]. Because the token is collateralized by actual computational power, it can only be issued when eligible miners choose to standardize and tokenize their hashrate [1]. Consequently, the project did not conduct any public or private sale events during its inception [1].

## Governance and Market Status
The network operates as a decentralized autonomous organization, requiring the community, miners, and token holders to collectively decide on project-related matters [1]. All governance outcomes, proposals, and voting records are disclosed on-chain to maintain transparency [1]. 

As of March 2021, the project reported a circulating supply of 589,388 tokens and a maximum supply of 1,500,000 tokens [1]. More recent data indicates a significantly higher circulating supply of 12,201,401 tokens and a maximum supply of 15,000,000 tokens [1]. The platform utilizes hourly snapshots of user balances and pool totals to calculate rewards, and users are permitted to unstake their funds at any time to move them between available pools [1].

## Why it matters
BTCST represents an attempt to integrate industrial Bitcoin mining with DeFi protocols, potentially allowing for broader participation in mining rewards [1]. By serving as a foundation for other trading, lending, and borrowing protocols, the asset aims to increase the overall efficiency of mining power markets [1]. Future developments for the project remain tied to the collective decisions of its DAO and the ongoing participation of the industrial miners who provide the underlying collateral [1].

## Sources
1. CoinMarketCap — [Bitcoin Standard Hashrate Token price today, BTCST to USD ...](https://coinmarketcap.com/currencies/btc-standard-hashrate-token/)
2. Tradingview — [BTCSTUSDT Charts and Quotes — TradingView](https://www.tradingview.com/symbols/BTCSTUSDT/)

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Cite as: TrendWatcher, "Bitcoin Standard Hashrate Token Market Performance Overview", https://www.trendwatcher.in/article/2e784a6a-cc61-4d2d-8643-746421ffd801