Bitcoin Bridge V3
BTC x
BTCx Smart Contract:
The central intelligence of the pegging mechanism. This contract holds the logic for price calculation, trade execution, and access control.
Chainlink BTC/USD Price Feed:
A decentralized oracle that provides robust, tamper-proof, and real-time price data for Bitcoin in USD. This is the authoritative source for BTCx’s target value.
PancakeSwap Router V2:
A Decentralized Exchange (DEX) on BSC that provides the liquidity pool for BTCx/Stablecoin trading. The contract interacts with this router to execute swaps.
Stablecoin:
A highly liquid stablecoin BUSD used as the counter-asset in the BTCx liquidity pool on PancakeSwap..
The Core
BTCx core innovation lies in its dynamic pegging mechanism, which continuously monitors Bitcoin’s real-world price and adjusts BTCx’s market dynamics on a DEX to maintain a consistent value proposition. This allows BSC users to gain exposure to Bitcoin’s price fluctuations, participate in BSC DeFi protocols, and trade with a token whose value is algorithmically linked to BTC, without the complexities or centralization risks associated with traditional wrapping solutions.
BTCx Features
Total Supply: A fixed total supply of 21,000,000,000 tokens.
Decimals: Standard 18 decimals, ensuring high precision for token amounts.
Target Peg: Each BTCx token aims to represent a specific fraction of one Bitcoin’s USD value.
BTCx Contract Address
Use Cases
Bitcoin Price Exposure: Users can gain exposure to Bitcoin’s price movements without holding native BTC or dealing with centralized wrapping services.
DeFi Integration: Bitcoin Bridge V3 can be used in various BSC DeFi protocols, including lending, borrowing, yield farming, and other liquidity provision strategies.
Trading Pair: Provides a liquid trading pair against stablecoins on PancakeSwap, enabling efficient swaps.
Stable Store of Value (Relative to BTC): Offers a token that aims to hold a consistent value relative to Bitcoin, providing a less volatile asset than other altcoins within the BSC ecosystem.
Recent Blog
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BTCx Achieves Dual Milestones: Listed on CoinGecko and Integrated with Major Web3 Wallets
The BTCx Developer Team, creators of theinnovative Bitcoin derivative asset, BTCx, today announced two pivotal milestones: the officiallisting of the token on the global cryptocurrency data aggregator, CoinGecko, and thesuccessful integration of its dollar-value conversion into a majority of leading Web3 walletapplications, including MetaMask.These achievements significantly enhance the token’s accessibility and transparency,reinforcing BTCx’s strategic position…
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Security First International Holdings, Inc. Forges Groundbreaking Joint Venture with BTCx Developers to Establish Shareholder-Backed, Non-Custodial Bitcoin Treasury Reserve
Security First International Holdings, Inc. (OTC:SCFR), a diversified holding company with a focus on innovative financial solutions, today announced a strategic joint venture with the BTCx Developer Team, the creators of BTCx, a leading Bitcoin derivative token. This partnership aims to pioneer a revolutionary model for corporate treasury management, allowing Security First to integrate Bitcoin…
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Unlocking Bitcoin’s Full Potential in Decentralized Finance
Bitcoin Bridge, a pioneer in decentralized finance solutions, today announced the official launch and widespread availability of BTCx, a revolutionary Bitcoin derivative designed to seamlessly integrate the world’s leading cryptocurrency into the rapidly expanding DeFi ecosystem. BTCx (Bitcoin Bridge V3) is a 1:10000000 Bitcoin-backed token that operates on high-throughput, low-cost blockchain networks, initially launching on…
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Synthetic Bitcoin derivatives
Bitcoin synthetic derivatives, also known as “Synths” or “synthetic assets”, are innovative blockchain-based financial instruments designed to mimic the value of Bitcoin without requiring direct ownership of the actual cryptocurrency. They are a form of tokenized derivative, allowing investors to gain exposure to Bitcoin’s price fluctuations and participate in the Bitcoin market within the decentralized…
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BTCx: A Decentralized Pegged Bitcoin Token on Binance Smart Chain
A BEP-20 token designed to maintain a stable peg to a fraction of Bitcoin’s (BTC) USD value on the Binance Smart Chain (BSC). Unlike wrapped Bitcoin (e.g., WBTC), which is backed 1:1 by actual BTC, tBTC operates as a synthetic derivative, leveraging a decentralized oracle (Chainlink) for real-time BTC/USD price data and an Automated Market…