BTC Proxy is a multi-institutional protocol for the decentralized tokenization of Bitcoin on ERC20 utilizing our Proxy Protocol called the Proxy Relay. It gives Bitcoin holders a decentralized bridge to stake their Bitcoin into custody and transfer that value into an ERC20 token without the need for centralized exchanges and systems that exponentially increase the counterparty risk of theft or loss.
BTC Proxy also allows for the transfer of value without price slippage and is independent of liquidity which is a factor that affects exchange prices on Centralized exchanges and Decentralized exchanges.
The following are the features of BTC Proxy:
Minting - Allows you to create new BTC Proxy tokens. It is completed in a decentralized form through interaction with a smart contract.
Redemption - Allows you to redeem BTCpx tokens for Bitcoin. You need to connect your ETH wallet to the Web3.js interface of the btcpx.io.
Earning Yield - Allows you to stake BTCpx into liquidity pools to earn rewards (yield)
Custody - Insured by a regulated custodian Hex Trust the features of this custodian allow for the segregation of funds and insurance against Crime, theft and employee dishonest
PROXY Governance - is through the PRXY token which allows for voting on key business issues around growth of the Proxy Protocol
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Attention. There is a risk that unverified members are not actually members of the team
This offer is based solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.