WBTC, an ERC20 token linked to Bitcoin, will be officially launched at 9:00, January 31(GMT+8). WBTC consists of Bitgo, Kyber Network and Ren (formerly known as Republic) The token is issued on Ethereum and linked to Bitcoin 1:1. All issued WBTC will be supported by Bitcoin. Each bitcoin stored by the custodian can correspond to the total number of WBTC issued and can be verified on the chain. Only with the approval of the merchant, the custodian can cast WBTC, and When the holder converts WBTC into Bitcoin, the WBTC will be destroyed.
Full Name in English：Wrapped Bitcoin
Full Name in Chinese：/
Issue date: January 31, 2019
Official Website: https://wbtc.network/
White Paper Link：https://wbtc.network/assets/wrapped-tokens-whitepaper.pdf
Disclaimer: this introduction derives from the white paper and other official information released by the official project team so that investors can better understand the token and the corresponding project. The content of this paper is obtained through legal channels to ensure the reliability, accuracy and completeness of the information as far as possible, but the accuracy and completeness of the information mentioned in the report are not completely guaranteed. The content of this paper cannot be used as the basis for investment research decisions, moral, responsibility and legal basis or evidence, whether explicitly or implicitly.