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BTC Proxy List on Ascendex – Press Release Bitcoin News


Press release. AscendEX Interested in Announcing List of BTC Proxy Tokens (PRXY) under Trading Pairs USDT / PRXY UTC on September 24 at 1 p.m. To celebrate the list, the AscendEX and PRXY teams will launch limited-time promotional events, which will be held on September 1, UTC, September 24, and 12:00 AM UTC, October 1, 2021, with offer users sharing prizes up to US ০ 1,000,000. Get a chance!

BTC Proxy ERC20 is a multi-institutional protocol for decentralized tokenization of Bitcoin, using a proxy protocol called “Proxy Relay”. The protocol gives bitcoin holders a decentralized bridge to keep their bitcoins in custody and transfers that value to ERC20 tokens without the need for centralized exchanges and systems that quickly increase the risk of theft or loss. Independent of liquidity conditions, BTC proxy allows price transfer without reducing the price, which directly affects the exchange rate.

Improving the design of the wrapped token protocol, BTC Proxy ETH uses a side-chain to “relay” Bitcoin transactions confirmation in smart contracts. The relay side-chain is significant because it allows the pairing of ETH and BTC transactions on the block for greater transparency and reliability. This design reduces the cost of BTC block verification in ETH smart contracts while speeding up minting and redemption functions for real-time settlement. No intermediary is required to conduct the transaction.

Although much of the development of DApps and Decentralized Finance (DeFi) is being built into the Etherium ecosystem, Bitcoin continues to dominate the cryptocurrency market capitalization. The DFI sector continues to grow with FinTech innovation with decentralized exchanges (DEX), digital swaps, derivatives and microbanking applications, all using smart contracts. BTC Proxy BTC brings liquidity to the Ethereum ecosystem and DFI applications.

Most of the ERC20 token trading on centralized exchanges today is done in BTC pairs instead of ETH. In contrast, most decentralized exchanges offer only ETH / tokens but not BTC / token trades. BTC proxy tokens fill this technological gap and provide more BTC-based liquidity in decentralized exchanges and pools.

Ascendx’s list of BTC proxies highlights its commitment to supporting the growth of DFI ecosystems and DX-related projects.

About AscendEX

AscendEX is a global cryptocurrency financial platform that includes a wide range of product suites. Spot, Margin, And futures trading, wallet services, and Stock Support for more than 150 blockchain projects such as Bitcoin, Ether and Ripple. Launched in 2018, Ascendix serves more than 1 million retail and institutional clients worldwide with a highly liquid trading platform and secure custody solutions.

AscendEX has emerged as a leading platform in ROI’s “Initial Exchange Offer”, supporting some of the industry’s most innovative projects from the DFI ecosystem to the industry, such as Thorchain, Xday Steak and Serum. AscendEX users get exclusive access to Token Airdrop and the ability to purchase potential tokens at an early stage. To learn more about how to bring the best Altcoins to users of how to use the best practices from both AscendEX Wall Street and the cryptocurrency ecosystem, please visit www.AscendEX.com.

For more information and updates, please visit:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About BTC Proxy

BTC Proxy is a multi-institutional protocol for decentralized tokenization of Bitcoin in ERC20 using proxy relay using our proxy protocol. The protocol gives bitcoin holders a decentralized bridge so that they can keep their bitcoins in custody and transfer that value to ERC20 tokens without the need for centralized exchanges and systems which quickly increases the risk of theft or loss.

For more information and updates, please visit:

Website: https://btcpx.io/

Twitter: https://twitter.com/BTC_proxy

Telegram: https://t.me/BTC_Proxy

Medium: https://medium.com/btc-proxy


This is a press release. Readers should do their own due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not directly or indirectly responsible for any loss or damage caused by the use or reliance on any content, product or service mentioned in the press release.

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