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Proxy v1

Proxy v1

PRXYV1

Key Stats

Total Supply551.50K PRXYV1
Max Supply∞
Launch Date2021-09-07
Built OnPOL
Token StandardERC20
Smart Contract Address0x1441…7a26
Decimal Places18

Proxy v1 Information

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
PRXYERC20POL0x1441729568ab2a9871677edfeb13fbfcc7157a262021-09-07

About Proxy v1

Proxy v1 (PRXYV1)is a cryptocurrency token designed to enable the decentralized tokenization of Bitcoin, allowing users to participate in DeFi activities on Ethereum, Polygon, and BNB networks. It uses two tokens, PRXYV1 and BTCPX, to facilitate this functionality.

Frequently Asked Questions

Proxy v1 (PRXYV1) is a cryptocurrency token that facilitates the decentralized tokenization of Bitcoin onto Ethereum, Polygon, and BNB networks. It serves as a bridge enabling users to access various decentralised finance (DeFi) products. Proxy utilises two main tokens: PRXYV1, which is the utility token, and BTCPX, which is a Bitcoin wrapper. The project aims to provide a permissionless way to use Bitcoin within DeFi ecosystems, allowing for greater liquidity and utility of Bitcoin assets across different blockchain networks​​​.

Proxy v1 (PRXYV1) is primarily used to support the Proxy protocol's functionality in the DeFi space. The PRXYV1 token is utilised within the ecosystem for various governance and utility purposes, while BTCPX acts as a wrapped Bitcoin token, enabling Bitcoin holders to engage in DeFi activities without directly using their BTC. This setup allows users to earn yields and participate in DeFi applications on Ethereum, Polygon, and BNB networks using their Bitcoin holdings. The protocol provides a seamless bridge for Bitcoin into DeFi, enhancing its liquidity and utility.