A
Multi-Institutional Layer2 protocol for the decentralized tokenization of
Bitcoin on ERC20 and MRC20 utilizing a Proxy Relay with Insured Custody.
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Minting
This section explains what is Minting, the process of creating new BTC
Proxy tokens, and the BTC Proxy Mint Interface. For more information,
refer to the following articles. open_in_new Read more
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Redeeming
This section explains what is Redeeming/Burning, the process of burning
of BTC Proxy tokens, and the BTC Proxy Redeem Interface. For more
information, refer to the following articles. open_in_new Read more
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Custody
Custodians involve a regulated 3rd party that is entrusted to hold
assets. BTC Proxy does not handle the assets. When users interact
with BTCpx.io they are essentially transacting with the custodian. open_in_new Read more
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PRXY token
The BTCpx token contract is governed by a DAO token called Proxy
(PRXY), with a maximum supply of 21 million. Read about the functions of
the PRXY token, its tokenomics, incentivization, and legal issues. open_in_new Read more
