τBitcoin

Price: $341.11 0.0%
Market Cap: $0.00 (#10716)
Supply: /
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Description: τBitcoin

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τBitcoin

τBitcoin brings Bitcoin to DeFi by utilizing hashrate tokens to synthesize the mining process. This approach allows users to participate in Bitcoin mining rewards without directly engaging in Proof-of-Work (PoW) activities. Hashrate tokens are calibrated against standardized and tokenized PoW hashrate, enabling their use in staking for a share of the mining rewards. To create τBitcoin, users need to stake these hashrate tokens collateralized by Bitcoin hashrate and surrender PoW rewards. This process provides inherent value to τBitcoin by associating it with the actual mining power. The forgone mining rewards are reserved for open market repurchases, if needed, ensuring a dynamic supply management mechanism for τAssets.

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2. Price

2.1. Market Performance

How does τBitcoin's () performance compare to the median performance for assets of a similar market capitalization?

3. Developer Activity

No GitHub repos found. Either the project is not open source or we don't have data yet.

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Historic data is only available from 22nd April 2022

5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website	https://www.btcst.finance/
Explorer	https://bscscan.com/token/0x2cd1075682b0fccaadd0ca...
Twitter	@btcst2020

What is the correct contract address for τBitcoin?

Binance-smart-chain	0x2cd1075682b0fccaadd0ca629e138e64015ba11c

Has τBitcoin been audited for security?

No security audits found for this project.

Are you the owner of τBitcoin? Edit it here

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Supply & Trading Volume
Trading Volume (24h)	$398.00

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