Bitcoin Proxy Protocol (PRXY)

IDO

Last updated: Jul 20, 2021

BTC Proxy Protocol – Layer-2 Interoperability of BTC and DeFi.

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Overview

Project industry	Blockchain Infrastructure / DeFi / Layer-2
Product type	Technology
Whitepaper	Open

What is Bitcoin Proxy Protocol

BTC Proxy is a multi-institutional protocol for the decentralized tokenization of Bitcoin on ERC20 utilizing our Proxy Protocol called the Proxy Relay. It gives Bitcoin holders a decentralized bridge to stake their Bitcoin into custody and transfer that value into an ERC20 token without the need for centralized exchanges and systems that exponentially increase the counterparty risk of theft or loss.

BTC Proxy also allows for the transfer of value without price slippage and is independent of liquidity which is a factor that affects exchange prices on Centralized exchanges and Decentralized exchanges.

Details

IDO (Launchpool): TBA - TBA
Token supply: 21,000,000 PRXY
Total tokens for sale: 910,000 PRXY

Legal

Country limitations: USA Ontario, Canada
Registration year: 2017

Token info

Ticker: PRXY
Token standard: ERC20
Token price in USD: 1 PRXY = 1.60 USD
Token distribution:
Community - 50.00%
DAO members - 7.00%
TGE - 4.3%
Treasury & Liquidity for Uniswap - 2.60%
Development team - 3.00%
Advisors & Marketing - 1.60%
Management - 10.00%
Future hires - 8.47%
PRXY partners - 13.00%