pTokens BTC
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pTokens BTC (PBTC)
What is pTokens BTC?
pTokens BTC is a cryptocurrency designed to bridge the gap between Bitcoin and other blockchain ecosystems. This token operates on the Ethereum blockchain, enabling users to utilize Bitcoin's value within decentralized applications and smart contracts. The core purpose of the pTokens BTC token is to facilitate interoperability and enhance liquidity across different blockchain platforms, allowing for seamless transactions and interactions. By converting Bitcoin into a tokenized form, pTokens BTC expands the utility of Bitcoin beyond its native network.
When and how did pTokens BTC start?
pTokens BTC (pBTC) was launched in 2020 as part of the pTokens project, which aims to create a bridge between different blockchains. Developed by the pTokens team, the project facilitates the transfer of Bitcoin across various decentralized finance (DeFi) platforms. pBTC was initially listed on several decentralized exchanges, enhancing its accessibility and liquidity within the crypto ecosystem. The project has since focused on expanding its interoperability features, allowing users to leverage Bitcoin in diverse DeFi applications.
What’s coming up for pTokens BTC?
pTokens BTC (pBTC) is set to enhance its ecosystem with several exciting updates on its roadmap. The upcoming features include improved interoperability with decentralized finance (DeFi) platforms, allowing users to leverage pBTC for various DeFi applications. Additionally, the community plans to focus on expanding partnerships to increase adoption and use cases for pBTC in both retail and institutional markets. As these developments unfold, pTokens BTC aims to solidify its position as a key player in the cross-chain Bitcoin landscape, fostering greater accessibility and utility for its users.
What makes pTokens BTC stand out?
pTokens BTC (pBTC) is unique because it enables Bitcoin to be used on Ethereum and other blockchains, facilitating cross-chain interoperability through its standout technology of pegged tokens. Compared to traditional Bitcoin, pBTC allows for real-world use cases in decentralized finance (DeFi) by providing liquidity and enabling smart contracts, while maintaining a 1:1 peg to Bitcoin, ensuring stability and trust in its tokenomics. This innovative approach differentiates pTokens BTC from other cryptocurrencies, as it bridges ecosystems and enhances usability across various platforms.
What can you do with pTokens BTC?
pTokens BTC (pBTC) is primarily used for seamless payments across various platforms, enabling users to transact with Bitcoin in a tokenized form. Additionally, it can be utilized in DeFi apps for staking and yield farming, allowing holders to earn rewards on their assets. pBTC also serves as a utility token within decentralized applications, facilitating governance and participation in NFT ecosystems.
Is pTokens BTC still active or relevant?
pTokens BTC (pBTC) is currently active and still traded on various platforms, indicating ongoing interest from the market. Development is ongoing, with updates from the team that suggest a commitment to improving the protocol. The project maintains an active community presence, which further supports its viability in the crypto space.
Who is pTokens BTC designed for?
pTokens BTC (pBTC) is designed for DeFi users and developers seeking to leverage Bitcoin's value within decentralized applications. Its target audience includes investors looking to utilize Bitcoin in a more flexible, cross-chain manner, as well as businesses aiming to integrate Bitcoin liquidity into their platforms. The pTokens ecosystem fosters a community of innovators and financial enthusiasts focused on enhancing the utility of Bitcoin in the decentralized finance space.
How is pTokens BTC secured?
pTokens BTC secures its network through a unique mechanism that leverages the security of the Bitcoin blockchain, utilizing a Proof of Authority (PoA) consensus model. In this setup, a select group of trusted validators is responsible for validating transactions and maintaining network integrity, ensuring robust blockchain protection and enhanced network security. This approach allows for efficient and reliable tokenization of Bitcoin assets while maintaining a high level of trust within the ecosystem.
Has pTokens BTC faced any controversy or risks?
pTokens BTC (pBTC) has faced scrutiny due to concerns over its security, particularly regarding potential hacks and vulnerabilities in its smart contracts. Additionally, the broader market for wrapped tokens often experiences extreme volatility, which poses risks for investors. While there have been no major legal issues reported specifically for pTokens BTC, the general uncertainty surrounding the interoperability of wrapped assets can lead to controversies and investor hesitance.
pTokens BTC (PBTC) FAQ – Key Metrics & Market Insights
Where can I buy pTokens BTC (PBTC)?
pTokens BTC (PBTC) is widely available on centralized cryptocurrency exchanges. The most active platform is PancakeSwap V2 (BSC), where the USDC/PBTC trading pair recorded a 24-hour volume of over $0.013172. Other exchanges include Uniswap V2 (Ethereum) and Uniswap V2 (Ethereum).
What's the current daily trading volume of pTokens BTC?
As of the last 24 hours, pTokens BTC's trading volume stands at $0.013174 , showing a 15.29% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What's pTokens BTC's price range history?
All-Time High (ATH): $119 997.05
All-Time Low (ATL): $0.00000000
pTokens BTC is currently trading ~99.89% below its ATH
.
What's pTokens BTC's current market capitalization?
pTokens BTC's market cap is approximately $1 841.00, ranking it #4391 globally by market size. This figure is calculated based on its circulating supply of 14 PBTC tokens.
How is pTokens BTC performing compared to the broader crypto market?
Over the past 7 days, pTokens BTC has gained 0.00%, outperforming the overall crypto market which posted a 2.24% decline. This indicates strong performance in PBTC's price action relative to the broader market momentum.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.
Trends Market Overview
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pTokens BTC Basics
| Website | ptokens.io |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (6) | etherscan.io bscscan.com gnosisscan.io polygonscan.com |
|---|
| Tags |
|
|---|
| reddit.com |
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| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 |  | USDC USDC | $76 997 921 451 | $1.000027 | $21 165 909 897 | 76,995,810,456 |  +0.01% | |
| 23 |  | Chainlink LINK | $5 897 398 953 | $9.41 | $354 633 282 | 626,849,970 |  -11.46% | |
| 24 |  | Binance Bitcoin BTCB | $5 575 698 265 | $76 266.60 | $41 397 770 | 73,108 |  -6.63% | |
| 27 |  | Toncoin TON | $5 192 897 645 | $1.93 | $274 161 247 | 2,690,936,713 |  -18.82% | |
| 32 |  | MemeCore M | $4 093 837 612 | $3.14 | $9 887 047 | 1,302,732,603 |  -4.17% |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | | USDC USDC | $76 997 921 451 | $1.000027 | $21 165 909 897 | 76,995,810,456 | +0.01% | |
| 13 |  | Wrapped Bitcoin WBTC | $9 974 225 278 | $76 035.81 | $237 063 800 | 131,178 |  -6.56% | |
| 15 |  | Wrapped Liquid Staked Ether 2.0 WSTETH | $9 238 881 233 | $2 598.31 | $12 996 194 | 3,555,731 |  -9.92% | |
| 19 |  | WETH WETH | $7 926 417 112 | $2 104.79 | $365 171 269 | 3,765,896 |  -9.95% | |
| 23 | | Chainlink LINK | $5 897 398 953 | $9.41 | $354 633 282 | 626,849,970 | -11.46% |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | | USDC USDC | $76 997 921 451 | $1.000027 | $21 165 909 897 | 76,995,810,456 | +0.01% | |
| 12 |  | Usds USDS | $11 073 973 564 | $0.999709 | $38 117 102 | 11,077,194,156 |  +0.01% | |
| 13 | | Wrapped Bitcoin WBTC | $9 974 225 278 | $76 035.81 | $237 063 800 | 131,178 | -6.56% | |
| 15 | | Wrapped Liquid Staked Ether 2.0 WSTETH | $9 238 881 233 | $2 598.31 | $12 996 194 | 3,555,731 | -9.92% | |
| 19 | | WETH WETH | $7 926 417 112 | $2 104.79 | $365 171 269 | 3,765,896 | -9.95% |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 661 |  | Folks Finance FOLKS | $21 770 630 | $1.31 | $578 476 | 16,663,808 |  -10.38% |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | | USDC USDC | $76 997 921 451 | $1.000027 | $21 165 909 897 | 76,995,810,456 | +0.01% | |
| 9 |  | Lido Staked Ether STETH | $20 635 423 243 | $2 106.86 | $14 693 344 | 9,794,399 |  -9.91% | |
| 12 | | Usds USDS | $11 073 973 564 | $0.999709 | $38 117 102 | 11,077,194,156 | +0.01% | |
| 13 | | Wrapped Bitcoin WBTC | $9 974 225 278 | $76 035.81 | $237 063 800 | 131,178 | -6.56% | |
| 15 | | Wrapped Liquid Staked Ether 2.0 WSTETH | $9 238 881 233 | $2 598.31 | $12 996 194 | 3,555,731 | -9.92% |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).
Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.