Protocol Overview

BTCx – Native BTC Tokenization

BTCx is a token standard compliant with LayerZero’s OFT (Omnichain Fungible Token) framework. Each BTCx is backed 1:1 by real, locked native Bitcoin—fully verifiable and auditable on-chain.

Users lock BTC in decentralized, multi-signature-controlled vaults and mint BTCx on demand. At any time, BTCx can be burned to redeem the underlying Bitcoin. There is no middleman. There is no wrapping. No third party ever holds your funds.

Key Features of BTCx:

• 1:1 Backing: Each BTCx is fully backed by real BTC held in verifiable smart vaults.

• Trustless Redemption: Users can redeem BTC by burning BTCx directly through the protocol.

• Omnichain Portability: BTCx operates seamlessly across Ethereum, Arbitrum, Optimism, Base, zkSync, and other LayerZero-integrated chains.

• DeFi Compatibility: Designed for use in DeFi primitives—lending, staking, AMMs, collateralization, and more.

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$BTO Token

The $BTO token is the native utility and governance asset of the BTO ecosystem. It ensures protocol sustainability, decentralization, and incentivization through the following mechanisms:

• Protocol Fee Discounts: Users staking $BTO receive reduced fees on BTCx minting, burning, and DeFi modules.

• Governance Rights: $BTO holders can vote on protocol upgrades, supported chains, and treasury allocation.

• Cross-chain Staking Incentives: Rewards for BTCx holders and liquidity providers are distributed via $BTO.

• Security Participation: $BTO serves as the token for proposing and voting on smart vault upgrades and security mechanisms.