What Is The Tokenized Bitcoin (imBTC)?

What Is The Tokenized Bitcoin (imBTC)? Complete Guide Review About The Tokenized Bitcoin.

What Is The Tokenized Bitcoin (imBTC)?

The Tokenized Bitcoin is an ERC777 token-backed with Bitcoin, issued and regulated by Tokenlon. Tokenlon supports imBTC exchange and you get interest by holding imBTC (interest from Tokenlon’s imBTC exchange fee sharing). imBTC is not a freely issued token, but is generated by locking an identical amount in BTC. Completely transparent and 100% verifiable.

Transfer real BTC to Tokenlon’s multi-signature account to lock BTC and to get the same amount of imBTC. the locked BTC by sending back the imBTC. This approach ensures an accurate relationship between imBTC and BTC, while the transparency of the blockchain lets you track and verify the process.

With the innovative development of Decentralized Finance (DeFi), they have seen money markets, lending markets, trading markets, payment networks, insurance markets, derivative markets etc. gradually forming a new and open financial ecosystem based on Blockchain, many protocols are still evolving, and there are problems in user experience and separated liquidity.

Thanks to the openness, programmability, and compos ability of smart contracts, Tokenlon will integrate various mature financial protocols within the ecosystem and build a global settlement layer on top of them. Tokenlon will be used as an exchange and payment infrastructure for applications and create a robust and rich global financial market with its ecosystem partners.

The Tokenized Bitcoin Storage Key Points

Coin BasicInformation
Coin NameThe Tokenized Bitcoin
Short NameimBTC
Circulating SupplyN/A
Total Supply21,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

How to get imBTC?

Participate in the imBTC subscription. You can open the “imBTC” DApp in the market interface to participate imBTC subscription, here is the tutorial. Exchange it in Tokenlon. Tokenlon will open the imBTC trading pair, users can use ETH or USDT to exchange imBTC. BTC will be stored in Tokenlon’s cold wallet, and the cold wallet will ensure the security of BTC assets.

Is there any benefit in selling and transferring imBTC?

Because income (the number of imBTC that you hold/ total amount of imBTC). The Tokenized Bitcoin exchange fee, send through imBTC, so if your address doesn’t have imBTC and you cannot get the benefits. Tokenlon, originated in 2017, aiming to offer in-wallet decentralized exchange, with the vision of Tokenlon becoming an infrastructure of decentralized payment services that provides real-time payment and settlement between different networks and different currencies.

Future

After three years of exploration and practice, Tokenlon has completed the first milestone, allowing wallet users to easily and reliably complete fast token exchange. In this process, your early users, the core team, Kyber team, 0x team, market makers, and other partners are indispensable. Thus, this aim for more contributors to participate in the construction of the next milestones.

Tokenlon is committed to becoming the infrastructure of the global financial market and connecting the blockchain ecosystem in an open and inclusive manner. The development of a decentralized community is the only way to go. A well-designed and dynamically evolving token economic mechanism can align incentives for all participants and contribute to the creation of an open network protocol and community ecology.

Layered Architecture

The Tokenized Bitcoin protocol defines a financial service network that provides users with payment and exchange settlement. In essence, it connects users with the market liquidity to achieve safe, efficient, and low-cost transactions. The supply side of the liquidity is not only diverse, but also fragmented, and even full of uncertain risks. The satisfaction of user needs requires solving the asymmetry of time, information, subject matter, and payment medium.