Features
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.
Last modified 1yr ago