Offshift anonBTC priceANONBTC
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
- Total supply
- 0 ANONBTC
- Self-reported circulating supply
- 0.06535 ANONBTC
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About Offshift anonBTC
What is Offshift anonBTC (anonBTC)?
Offshift is pioneering Private Decentralized Finance (PriFi) with an ecosystem of Private DeFi Applications that confer and protect various elements of privacy, anonymity, and confidentiality on Ethereum Layer 1. All Offshift Ecosystem PriFi Applications are powered by XFT.
Offshift anonBTC is an ERC-20 Bitcoin peg that is created when a user Shifts XFT on Offshift’s fully on-chain, non-custodial platform Offshift anon. Offshift anon dissolves the existing tradeoffs between privacy and yield generation by dissociating users from their assets via the Mint-and-Burn Tokenomics native to the Offshift Ecosystem. Offshift anon’s Burn-and-Mint Mechanism burns a user’s XFT and mints an equal value in anonAssets like anonUSD and anonBTC. At any point, a user may also Shift from anonAsset back into XFT, and the process reverses. A full description of Offshift anon can be found in the Offshift anon Litepaper.