Bitcoin Proxy Protocol

Bitcoin Proxy Protocol

Created using Figma
BTC Proxy or the Proxy Protocol is a Layer-2 Interoperability of Bitcoin on Ethereum. It allows Bitcoin holders to stake their BTC into an insured custodian to mint an ERC20 token called BTCpx.

BTC Proxy solves a big issue within DeFi. BTC Holders are exposed to counterparty risks, price slippage, and lack of liquidity when performing an exchange into ERC20.
Ico
Apr 16, 2021
Sep 16, 2021
100% completed
Raised funds - no Data
past
Pre Sale
Feb 13, 2021
Feb 13, 2022
100% completed
Raised funds - no Data
past
Token Details
Ticker
BTCPX
Total supply
21,000,000.00
Company Details
Company Founded
Feb 13, 2021
Additional Details
MVP/Prototype
Yes
Platform
BTC, ETH
Whitelist
Yes , from Feb 13, 2021
Categories
Platform

About Bitcoin Proxy Protocol

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.

Features

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

 

Bitcoin Proxy Protocol Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Donnie Kim
Founder
unverified

Bitcoin Proxy Protocol Last News

  • Due to potential time differences in information updates, please verify the accuracy of each ICO project through its official website or other official communication channels.
  • This information is not intended as a recommendation or suggestion for ICO investment. Please conduct thorough research on the relevant information and make your own informed decision regarding ICO participation.
  • If you identify any issues or errors in this content, or if you wish to submit your own ICO project for listing, please contact us via email at info@icoholder.com.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.