BTCB Token is a Bitcoin BEP2 token issued on the Binance Chain by Binance. This project aims to provide a seamless bridge between Bitcoin (BTC) and the Binance Chain, allowing users to trade Bitcoin in a decentralized manner within the Binance ecosystem.

$BTCB is the symbol/ticker of the BTCB Token on the Binance Chain pegged to Bitcoin at a 1:1 ratio. Each BTCB token is backed by an equivalent amount of Bitcoin held in a public reserve address, ensuring transparency and trust in its value.

The primary purpose of $BTCB is to offer Binance Chain users an easier way to trade or speculate on the price of Bitcoin. It brings the liquidity and market depth of Bitcoin to the Binance Chain, enabling more trading opportunities.

$BTCB’s main use cases include:
- Facilitating trading on Binance DEX.
- Allowing users to trade Bitcoin without leaving the Binance Chain ecosystem.
- Enabling decentralized finance (DeFi) applications that require Bitcoin liquidity.

The value of $BTCB is pegged to the price of Bitcoin (BTC) at a 1:1 ratio. This peg is maintained by holding an equivalent amount of BTC in a public reserve address, which can be audited at any time. The transparency of this reserve ensures that the value of BTCB closely tracks the value of BTC.

The initial distribution of BTCB involved the issuance of 9,001 BTCB tokens. These tokens are backed by an equivalent amount of Bitcoin held in a public reserve address. There is no complex distribution plan involving team, investors, or community allocations as BTCB is directly pegged and backed by Bitcoin.

You may use the “Supply Distribution” option on this page to explore the live distribution of the $BTCB token on the Binance Chain.

BTCB leverages the Binance Chain’s capabilities to provide a decentralized trading option for Bitcoin. By being pegged to Bitcoin and backed by reserves, BTCB combines the liquidity and market presence of Bitcoin with the speed and efficiency of Binance Chain.

$BTCB stands out from other cryptocurrencies due to its 1:1 peg with Bitcoin, which is backed by a fully transparent reserve. This ensures that users can trust the value of BTCB to match Bitcoin, while also benefiting from the advantages of trading within the Binance Chain ecosystem.

The BTCB Token is issued by Binance, a leading cryptocurrency exchange founded by Changpeng Zhao (CZ). The team behind Binance consists of experienced professionals in blockchain technology and finance, committed to providing secure and reliable trading solutions.

When it comes to exploring the BTCB token price and its live on-chain metrics on BNB Chain, there’s no better place than this page. But if you are interested in the project’s progress and announcements, then you need to check out Binanace’s official website, social media channels (like X (former Twitter) and Telegram), and other official outlets. You can find links to these sites in the “BTCB Token Links” section on this page.