💵 xBTC💵 allows the use spot price to synthetically speculate on every single digital asset. It will give traders more opportunities and increase their profit.

Brand New Type of Synthetic Asset: xBTC

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Did a bit of a deep dive on this one and wanted to pull out some parts of the white paper that kind of blew my mind:

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xBTC is a brand new asset class that will revolutionize how individuals use digital assets. xBTC is completely synthetic and decentralized, it can be used without KYC, using a closed system, or providing collateral.

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xBTC is an open market price on Bitcoin Dominance. Users can use this open market price to synthetically hedge against Bitcoin dominance rising or falling.

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They can also use this spot price to synthetically speculate on every single digital asset. It’s like a synthetic index of every digital asset other than Bitcoin.

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But the underlying assets are never held and there is no collateral restraint. xBTC’s fully synthetic nature allows it to be used at a scale the market deems necessary.

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Instead of tracking Bitcoin’s price, xBTC tracks Bitcoin market dominance. This type of hedge is much more responsive and adaptive than a price hedge. Bitcoin’s price could stabilize, or even go up, and not keep up with the rest of the market.

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A Synthetic Dominance Hedge only takes into account how well Bitcoin is doing against other digital assets. xBTC also acts like a synthetic tracker (index) of all digital assets.

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It connects the price movement of every digital asset to xBTC supply. This is the most diversified metric a token can track in digital assets, sans Bitcoin. The simplicity and accessibility of xBTC are unmatched.

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More information at our website.

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Features of xBTC:

1. ✅ Synthetically access Bitcoin Dominance;

2. ✅ A synthetic tracking of all digital assets versus Bitcoin;

3. ✅ A synthetic asset that rewards holders and community members;

4. ✅ An effective trading pair through a more stable spot price;

5. ✅ Simple one token access to all the above.

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DeFi, Social Networks, Gaming, Smart Contracts – all blockchains and use cases are tracked with xBTC.

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Bitcoin dominance will be much less volatile than individual asset prices. This means xBTC’s price will be less volatile. Rather than reward holders with price swings, they are rewarded with supply swings. With less volatility in spot price, xBTC can act as a more effective trading pair and transfer of value.

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👉 Main features 👇

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✅ Liquidity

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Has over $1 million in liquidity on exchanges. Can be traded on Apeswap, Uniswap, and Bittrex Global (as wxBTC).

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✅ Ecosystem Incentives

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A priority feature of xBTC is to reward users that support the ecosystem. They have multiple farming options on both ETH and BSC, right now on Beefy you can get over 1,000% APY.

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✅ Mint

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Rewards Uniswap liquidity providers giving them xBTC for providing liquidity.

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More features at the web.

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👉 Last news and achievements 👇

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✅ Launchpool → https://app.beefy.finance/stake

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A boosted vault for staking xBTC, get the usual yield paid in BeltBTC + extra tokens of xBTC/BNB LP tokens (@XBTC_Official).

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✅ ApeSwap Farming → https://apeswap.finance/farms

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Rewards on ApeSwap:

$600,000 of $bxBTC rewards for staking $BANANA

$bxBTC – $BNB farm live with a 0.5x multiplier

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✅ Listing on ApeSwap

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Got a whitelisting on ApeSwap

This made it the first rebasing token EVER to go multichain on both ETH and BSC

Over $1,000,000 in rewards were put up for the launch (see farming above)

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✅ Listing on u/BittrexGlobal

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Also the first rebase token ever to provide a wrapped version on a CEX, Bittrex Global, which is an OG exchange with great credentials

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👉 Repost 👇:

✅ Website

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👉 Tokenomics 👇

Token distribution, read more in the whitepaper on each bucket if you want but only 10% were kept by the team:

✅ 10% TEAM

✅ 5% MARKETING/PARTNERSHIPS

✅ 10% LIQUIDITY

✅ 40% ECOSYSTEM

✅ 35% PUBLIC LAUNCH