What is TBTC(TBTC)?

Basic information about TBTC

Coin name:

tBTC

Coin symbol:

Coin introduction:

What is tBTC? tBTC allows you to unlock your Bitcoin’s value to borrow and lend, mint stablecoins, provide liquidity, and much more. tBTC is a decentralized wrapped Bitcoin that is 1:1 backed by main-net BTC. Existing solutions bringing Bitcoin to Ethereum require you to send your Bitcoin to an intermediary, who then issues you an Ethereum token representing your original asset. This centralized model requires you to trust a third party and is prone to censorship, sacrificing Bitcoin's promise of secure, permissionless decentralization. How does tBTC solve this issue? Instead of centralized intermediaries, tBTC uses a randomly selected group of operators running nodes on the Threshold Network to secure deposited Bitcoin through threshold cryptography. That means tBTC requires a threshold majority agreement before operators perform any action with your Bitcoin. By rotating the selection of operators weekly, tBTC protects against any individual or group of operators colluding to fraudulently seize the underlying deposits. By relying on an honest-majority-assumption, we can calculate the likelihood any wallet comprised of a quorum of dishonest operators. An insurance backstop (the coverage pools), serves as an emergency fallback in the event a wallet is compromised. What is Threshold Network? Threshold.network stems from the merger of NuCypher and Keep networks into a single decentralized network — it delivers a suite of threshold cryptography services for web3 applications through a decentralized network of staking nodes. The whole community is governed by a DAO. Flagship services of Threshold Network include Threshold Access Control (TACo) – which enables end-to-end encrypted data sharing and communication without the need to trust a centralized authority, tBTC v2 - the only decentralized and permissionless Bitcoin-to-Ethereum asset bridge and thUSD - an overcollateralized and decentralized USD stablecoin that uses both ETH and tBTC as collateral.

Current Price:

$78.31KMore coin details

All-time high:

$125.65K

All-time low:

$10.10K

TBTC Supply Info and Tokenomics

Circulating supply:

5,359

Total supply:

5,359

Max supply:

Market cap:

$419.69M

Fully diluted valuation:

$419.69M

What is the outlook and future value of TBTC?

The current market cap of TBTC is $419.69M, ranked 172 in the market, showing that the market already recognizes the value of TBTC. When a bull market arrives, the market cap of TBTC may continue to grow.

Moreover, if TBTC can play a greater role in real-world applications—such as if the Monero developers can fully empower TBTC and establish partnerships with more business partners to expand its user base—then the long-term value of TBTC will be further enhanced.

What is the price of TBTC in 2027?

According to the historical price performance prediction model of TBTC, the price of TBTC is expected to reach $82.23K at 2027.

Note: As with any crypto investment, investors should closely monitor TBTC’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get TBTC?

Purchasing TBTC with cash is not the only way to obtain TBTC. If you have enough time, you can get TBTC for free.

Learn how to get Hot rewards for free with TBTC.

Earn free TBTC by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get TBTC airdrops for free.

All crypto airdrops and rewards can be exchanged for TBTC through LBank spot trading.

Buy TBTC starting from $1

What is TBTC used for and how to use it?

The use cases for TBTC may grow with the development of the crypto market and project progress. Currently, you can use TBTC to:

Arbitrage trading of TBTC

TBTC is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many TBTC trading pairs to suit your needs.

Earn yield with TBTC

You can also lend out TBTC or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your TBTC gains.

Send or pay with TBTC

If you want to pay someone with TBTC, you can easily and quickly send TBTC to them using their receiving address.

You can also visit the official website of tBTC to learn more use cases of TBTC, such as whether the tBTC project supports community/eco apps or buying physical or virtual goods with TBTC.