Lists and defines the core features of BTC Proxy.
The following are the features of BTC Proxy:
- Minting - Allows you to create new BTC Proxy tokens. It is completed in a decentralized form through interaction with a smart contract.
- Redemption - Allows you to redeem BTCpx tokens for Bitcoin. You need to connect your ETH wallet to the Web3.js interface of the btcpx.io.
- Custody - Insured by a regulated custodian Hex Trust the features of this custodian allows for the safekeeping of funds using mulitsig hot/cold wallets with insurance against Crime, theft and employee dishonesty
- PROXY Governance - is through the $PRXY token which allows for voting on key business issues around growth of the Proxy Protocol as well as Bitcoin Farming of the fees generated by the protocol.