A BEP-20 token designed to maintain a stable peg to a fraction of Bitcoin’s (BTC) USD value on the Binance Smart Chain (BSC). Unlike wrapped Bitcoin (e.g., WBTC), which is backed 1:1 by actual BTC, tBTC operates as a synthetic derivative, leveraging a decentralized oracle (Chainlink) for real-time BTC/USD price data and an Automated Market Maker (AMM) Decentralized Exchange (DEX) like PancakeSwap. An automated smart contract and an external bot work in tandem to execute strategic buy and sell orders, aiming to keep BTCx’s market price aligned with its calculated target value, thereby offering users exposure to Bitcoin’s price movements within the BSC ecosystem without direct BTC custody.
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