Ignition FBTC
FBTC Price
Ignition FBTC offers a liquid Bitcoin asset for cross-chain DeFi opportunities, enhancing Bitcoin's utility. More
| Fully Diluted Valuation | $1.42B |
|---|---|
| 24H Trading Volume | $78,700 |
| 24H Low / High | $92.21 K / $ 94.67 K |
| Circulating Supply | 1.16 K |
| Total Supply | 15.02 K |
| Max Supply | 0.00 |
| Categories | Crypto-Backed Tokens |
|---|---|
| Founder | Anonymous |
| Website | fbtc.com |
| Socials | 5 more |
| Chains | ethereum 4 more |
| Explorer |
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| Contracts |
0xc96....6c364
4 more
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| Name | Pair | 24h Volume | OG Score |
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Ignition FBTC (FBTC) emerges as a revolutionary project within the cryptocurrency space, aiming to transform Bitcoin from merely a store of value into a dynamic asset with enhanced utility through decentralized finance (DeFi). Launched with the ethos of "Liberating the Growth Power of Bitcoin," FBTC is an omnichain Bitcoin asset designed to integrate seamlessly across multiple blockchain ecosystems, thereby expanding Bitcoin's role beyond its traditional confines.
FBTC maintains a 1:1 peg to Bitcoin, ensuring that each FBTC token represents an equivalent amount of BTC held in reserve by a secure custodian. This peg allows for:
Enhanced Liquidity: FBTC can be swapped or bridged across blockchains like Ethereum, BNB Chain, and Mantle Network, providing a level of liquidity not typically associated with Bitcoin due to its focus on being a store of value rather than a transactional currency.
Yield Opportunities: By transforming Bitcoin into a liquid, composable asset, FBTC opens up myriad DeFi applications where Bitcoin can be staked, used as collateral, or engaged in yield farming strategies. This includes leveraging FBTC in liquidity pools, lending protocols, and earning from funding rate arbitrage.
Cross-Chain Functionality: FBTC's design allows it to operate on various blockchain networks, initially adhering to the ERC-20 standard, which facilitates its use across the Ethereum ecosystem and beyond.
Community and Developer Engagement: Ignition has implemented a "Sparkle" campaign where users earn "Sparks" for holding or deploying FBTC in supported DeFi protocols, incentivizing community engagement and ecosystem growth.
Use Cases:
DeFi Integration: FBTC can be utilized in various DeFi protocols for earning through staking, lending, and yield farming, providing a new avenue for Bitcoin holders to generate passive income.
Institutional and Retail Use: Both institutions and individual investors can mint and burn FBTC, facilitating secure custody through platforms like Cobo, which uses multi-party computation for asset security.
Cross-Chain Transactions: The ability to bridge FBTC across different blockchain networks enhances its utility for cross-chain transactions, making it easier to move assets between ecosystems without losing value or functionality.
Collateral in Lending Protocols: FBTC can be staked or used as collateral in lending platforms, allowing users to borrow against their Bitcoin holdings without selling.
Staking for Network Security: Through partnerships like Babylon, FBTC can be staked to enhance the security of blockchain networks, demonstrating a novel use case for Bitcoin in securing app chains.
Ignition FBTC uniquely allows Bitcoin to be used in DeFi across multiple blockchains, offering yield generation and liquidity.
The founders of Ignition FBTC are anonymous.
FBTC is backed by core contributors Mantle and Antalpha Prime, known for their involvement in Ethereum layer 2 solutions and Bitcoin ecosystem services, respectively.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Ignition FBTC FBTC. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Ignition FBTC (FBTC) is ($1,162), max supply of Ignition FBTC FBTC is ($0) and the market cap of Ignition FBTC FBTC is ($109,726,121).
What is the Ignition FBTC (FBTC) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Ignition FBTC (FBTC) is $94,588. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Ignition FBTC (FBTC) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Ignition FBTC FBTC) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Ignition FBTC (FBTC) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Ignition FBTC (FBTC) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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