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ICO Bitcoin Proxy Protocol

⭐ Finance

Ongoing
2.89 (1 ICO reviews)

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ICO «Bitcoin Proxy Protocol » Listed:

2021-02-16
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ICO Description

Bitcoin Proxy Protocol  (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.  

 

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.

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✅ ICO Bitcoin Proxy Protocol details

ICO Details

ICO «Bitcoin Proxy Protocol » ICO Start: 2021-04-16

ICO «Bitcoin Proxy Protocol » ICO End: 2021-09-16

ICO «Bitcoin Proxy Protocol » Symbol: BTCpx

ICO «Bitcoin Proxy Protocol » Platform: DeFi

ICO «Bitcoin Proxy Protocol » Offering Type: ICO

ICO Rating

Idea
5.00
ICO Team
1.00
ICO Advisors
1.00
Whitepaper
4.00
ICO Website
3.00
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