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 * What is WBTC?
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$WBTC AIRDROP IS HERE.


WRAPPED BITCOIN DELIVERS THE POWER OF BITCOIN
WITH THE FLEXIBILITY OF AN ERC20 TOKEN

WBTC is airdropping it's token, $WBTC, to users to increase adoption and
decentralization. Claim Now in the button below.

Claim Now
Find out more about WBTC
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JOIN THE COMMUNITY




WHY DO WE NEED WBTC?

WBTC brings greater liquidity to the Ethereum ecosystem including decentralized
exchanges (DEXs) and financial applications. Today, the majority of trading
volume takes place on centralized exchanges with Bitcoin. WBTC changes that,
bringing Bitcoin’s liquidity to DEXs and making it possible to use Bitcoin for
token trades.

WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for
Bitcoin. This makes iteasier to write smart contracts that integrate Bitcoin
transfers.

Maintaining various nodes and managing transaction types in order to support
multiple currencies can be onerous. Now exchanges, wallets, and payment apps
only need to handle an Ethereum node.


PARTNERS

Welcome to the first token that makes Bitcoin compatible with the Ethereum
chain, jointly initiated by Kyber, Ren, and BitGo.

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Wrapped Tokens DAO
The addition and removal of merchants and custodians for WBTC on Ethreum will be
an open process controlled by a multi-signature contract. Keys to the multi-sig
contract will be held by institutions as part of the WBTC DAO.
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Merchants
Merchants perform key roles for the WBTC community as administrators who
initiate the process of minting newly wrapped tokens and burning wrapped tokens
which is performed by the Custodians.
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Custodians
The custodian provides reliable, institutional-grade security for your WBTC. All
WBTC issued will be fully backed and verified through on-chain proof of
reserves.
BECOME A PARTNER



HOW IT WORKS

Receiving Minting Burning

To receive WBTC, a user requests tokens from a merchant. The merchant then
performs the required KYC / AML procedures and verifies the user’s identity.
Once this is completed, the user and merchant execute their swap, with Bitcoin
from the user transferring to the merchant, and WBTC from the merchant
transferring to the user.



Minting refers to the process of creating new wrapped tokens. Minting in the
wrapped framework is initiated by a merchant and performed by a custodian.



Burning is the action of redeeming Bitcoin for WBTC tokens, and only merchant
addresses can do this. The amount to be ‘burnt’ is deducted from the merchant’s
WBTC balance (on chain) and the supply of WBTC is then reduced.


Download the Whitepaper


DEVELOPED FOR TRADERS, INSTITUTIONS, AND DAPPS


TRADERS

Limited to ERC20 tokens, decentralized exchanges suffer from low trading volume
and liquidity. With Wrapped BTC, users experience increased liquidity and
participation. The Ethereum network processes transactions faster than the
Bitcoin network, but Bitcoin holders don’t have to wait anymore. With WBTC,
moving Bitcoin between exchanges is much faster.


INSTITUTIONS

Handling multiple cryptocurrencies across different nodes and transaction
formats is no longer a concern for decentralized application users like
exchanges, wallets, and payment services. WBTC combines the benefits of Ethereum
and Bitcoin, making it simple to handle the wrapped currency with only the
Ethereum node.


DAPPS

Decentralized applications can now leverage Bitcoin payments in smart contracts
for lending protocols, funds, prediction markets, and token sales.

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Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin

What is WBTC?
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