THELOGICALINDIAN - PRESS RELEASE AscendEX is acquisitive to advertise the advertisement of the BTC Proxy badge PRXY beneath the trading brace USDTPRXY on Sept 24 at 1 pm UTC To bless the advertisement AscendEX and the PRXY aggregation will barrage a cardinal of limitedtime promotional contest demography abode amid 100 am UTC on Sept 24 and 1200 am UTC on Oct 1 2024 alms users a adventitious to allotment affiliated rewards up to 60000 USDT
BTC Proxy is a multi-institutional agreement for the decentralized tokenization of Bitcoin on ERC20, utilizing a Proxy Agreement alleged the “Proxy Relay”. The agreement gives Bitcoin holders a decentralized arch to pale their Bitcoins into aegis and alteration that amount into an ERC20 badge after the charge for centralized exchanges and systems that exponentially access the counterparty accident of annexation or loss. Independent of clamminess conditions, BTC Proxy allows for the alteration of amount after amount slippage, anon affecting prices on exchanges.
Improving on the architecture of captivated badge protocols, BTC Proxy utilizes a side-chain to “RELAY” the confirmations of Bitcoin affairs to the ETH acute contract. The Relay side-chain is cogent because it allows for added accuracy and the bond of ETH and BTC affairs on the block for confirmation. This architecture reduces the amount of acceptance BTC blocks on an ETH acute arrangement while dispatch up minting and accretion functions to real-time settlement. No intermediaries are appropriate to assassinate the transaction.
While best of the development of DApps and Decentralized Finance (DeFi) is actuality congenital aural the Ethereum ecosystem, Bitcoin continues to boss the cryptocurrency bazaar capitalization. The DeFi area is beginning with fintech addition with decentralized exchanges (DEXs), agenda swaps, derivatives, and micro cyberbanking applications, all application acute contracts. BTC Proxy brings BTC clamminess into the Ethereum ecosystem and DeFi applications.
Most ERC20 tokens trading in centralized exchanges today are done with a BTC brace rather than with ETH. In contrast, best decentralized exchanges action alone ETH/Token but not BTC/Token trades. BTC Proxy tokens arch this abstruse gap and accommodate added BTC-based clamminess on decentralized exchanges and pools.
AscendEX’s advertisement of BTC Proxy highlights its charge to acknowledging the advance of the DeFi ecosystem and DEX-related projects.
About AscendEX
AscendEX is a all-around cryptocurrency banking belvedere with a absolute artefact apartment including spot, margin, and futures trading, wallet services, and staking abutment for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX casework over 1 actor retail and institutional audience globally with a awful aqueous trading belvedere and defended aegis solutions.
AscendEX has emerged as a arch belvedere by ROI on its “initial barter offerings” by acknowledging some of the industry’s best avant-garde projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users accept absolute admission to badge airdrops and the adeptness to acquirement tokens at the ancient accessible stage. To apprentice added about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to accompany the best altcoins to its users, amuse appointment www.AscendEX.com.
For added advice and updates, amuse 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 agreement for the decentralized tokenization of Bitcoin on ERC20 utilizing our Proxy Agreement alleged the Proxy Relay. The agreement gives Bitcoin holders a decentralized arch to pale their Bitcoin into aegis and alteration that amount into an ERC20 badge after the charge for centralized exchanges and systems that exponentially access the counterparty accident of annexation or loss.
For added advice and updates, amuse 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 columnist release. Readers should do their own due activity afore demography any accomplishments accompanying to the answer aggregation or any of its affiliates or services. Bitcoin.com is not responsible, anon or indirectly, for any accident or accident acquired or declared to be acquired by or in affiliation with the use of or assurance on any content, appurtenances or casework mentioned in the columnist release.
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