Buy pTokens BTC (PBTC)
What is pTokens BTC [OLD]?
pTokens BTC [OLD] is a tokenized form of Bitcoin, allowing for the representation of Bitcoin on various blockchain networks such as Ethereum, Arbitrum, Algorand, Binance Smart Chain, Gnosis (formerly xDai), EOS, and Telos. It is pegged 1:1 with Bitcoin, meaning each pTokens BTC [OLD] is backed by an equivalent amount of Bitcoin.
How does pTokens BTC [OLD] work?
pTokens BTC [OLD] functions by using an interoperable tokenization platform that enables Bitcoin to be represented on other blockchains as an ERC-20 token. This facilitates transactions across different networks by maintaining a 1:1 peg with Bitcoin, which is achieved through smart contracts that ensure the equivalence of value and security between Bitcoin and its tokenized counterpart.
What are the potential use cases for pTokens BTC [OLD]?
The potential use cases for pTokens BTC [OLD] include:
- Decentralized Finance (DeFi) Applications: It can be used within DeFi protocols for lending, borrowing, and yield farming on Ethereum and other blockchains.
- Cross-Chain Transactions: Facilitates seamless cross-chain transactions, allowing Bitcoin to be used on multiple blockchain networks without returning to its native blockchain.
- Trading: Enables participation in cryptocurrency exchanges and trading platforms that utilise Ethereum and other smart contract-enabled blockchains.
- Lending and Borrowing Protocols: Can be used in lending and borrowing protocols due to its compatibility with DeFi applications.
What is the history of pTokens BTC [OLD]?
pTokens BTC [OLD] was developed to provide a bridge between Bitcoin and other blockchain ecosystems by enabling Bitcoin's use beyond its native blockchain. It belongs to the broader pNetwork project, which aims to enhance interoperability among different blockchains. Over time, significant milestones have included its integration into various DeFi applications and development within the pNetwork ecosystem to better support tokenized assets. There have been iterations and upgrades in the technology to improve functionality and interoperability, although specific transitions or forks are not detailed in the readily available sources.
Coin Contract Addresses
Related Assets
Resources
Learn More About pTokens BTC
Frequently Asked Questions (FAQs)
What is the current price of pTokens BTC (PBTC)?
The pTokens BTC price is $107634.36 AUD, representing a -2.26% from the day prior.
Where is the best place to buy pTokens BTC (PBTC) in Australia?
The best place to buy pTokens BTC (PBTC) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell pTokens BTC (PBTC) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of pTokens BTC (PBTC)?
The trading volume of pTokens BTC (PBTC) is $96 AUD in the last 24hrs, representing a -2.26% from the day prior.
How can I buy pTokens BTC (PBTC)?
pTokens BTC (PBTC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of pTokens BTC (PBTC)?
The current market cap of pTokens BTC (PBTC) is $29.7K AUD.
Can I convert pTokens BTC (PBTC) to cash?
Yes - With Coinstash you can convert your pTokens BTC (PBTC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many pTokens BTC (PBTC) are there?
The current circulating supply of pTokens BTC (PBTC) is 10.
Is Coinstash a safe place to buy pTokens BTC (PBTC) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling pTokens BTC (PBTC) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.