Binance will issue a number of crypto-pegged tokens on Binance Chain (BEP2 token format) in the coming days, starting with BTCB, a BEP2 token pegged to Bitcoin.
Pegged tokens such as BTCB, are 100% backed by the native coin in reserve, which is Bitcoin (BTC) in BTCB’s case. The reserve addresses are published for anyone to audit. The blockchain offers a much easier way to audit a crypto reserve than a traditional bank balance tether.
A trading pair will be created on Binance.com between the pegged token and the native coin, e.g., BTCB/BTC.
|Price in BTC||1.01122980843853 BTC|
|Current Supply||0 BTCB|
|Total Supply||9,001 BTCB|
|24h Volume (coin)||0 BTCB|
|24h Volume (currency)||$0|
|Last updated||2020-07-05 00:46:22 -05:00 CDT|
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