TELEBTC

teleBTC price 
TELEBTC

$60,709.68  

3.92% (1d)

teleBTC to USD Chart

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TeleBTC statistics
Market cap
 

0.00%

$113,657
#5925
Volume (24h)
 

70.90%

$1,848
#5488
Volume/Market cap (24h)
 
1.63%
Self-reported circulating supply
 
2 TELEBTC
0.00%
Total supply
 
21,000,000 TELEBTC
Max. supply
 
21,000,000 TELEBTC
Fully diluted market cap
 
$1,274,903,230,926
TELEBTC to USD Converter
TELEBTC
USD
Price performance
24h 
Low
$60,709.68
High
$63,602.82
All-time high
Mar 13, 2024 (a month ago)
$76,886.95
-21.04%
All-time low
Jan 25, 2024 (3 months ago)
$37,907.23
+60.15%
See historical data
Popularity
In watchlists83x
9476th / 9.7K
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teleBTC news

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

About teleBTC

teleBTC is a fully decentralized wrapped Bitcoin asset on Polygon, powered by the TeleportDAO bridge, a light-client bridge between Bitcoin and Polygon. Users can move their BTC back and forth between Bitcoin and Polygon without relying on any centralized third party. Each teleBTC is backed by 1 native BTC plus 1.3 BTC value of MATIC, making it a highly secure wrapped asset. teleBTC enables users to utilize their BTC within the Polygon ecosystem. Additionally, we have built TeleSwap, a decentralized exchange for BTC, allowing users to exchange their BTC for other assets on Polygon by wrapping their BTC to teleBTC first.

To ensure security, the protocol utilizes two techniques: requiring custodians to lock up collateral and monitoring their Bitcoin activity on the Polygon blockchain through a smart contract. Users can mint teleBTC by sending BTC to a custodian's Bitcoin address and submitting proof of payment onto the Polygon contract. Users can submit a burning request on the smart contract to burn their teleBTC and receive their BTC back on the Bitcoin blockchain. The TeleportDAO bridge provides access to the entire data of the Bitcoin blockchain on Polygon, enabling the monitoring of custodian activity.