Wrapped Fantom Bitcoin price 

WFBTC

What Is Wrapped Fantom Bitcoin (WFBTC)?

Wrapped Fantom Bitcoin (WFBTC) is a token pegged 1:1 to Bitcoin (BTC) on the Fantom blockchain. It serves as a bridge asset between the Fantom and Bitcoin ecosystems, allowing users to access the benefits of Bitcoin's value and liquidity on the Fantom network.

WFBTC is an ERC-20 token, making it compatible with a wide range of decentralized applications (dApps) and decentralized finance (DeFi) platforms built on Ethereum and Fantom.

Who Are the Founders of Wrapped Fantom Bitcoin?

The Wrapped Fantom Bitcoin (WFBTC) project is developed by a team of blockchain enthusiasts and developers passionate about expanding the interoperability and utility of cryptocurrencies.

Key team members include:

Kevin wambani, the lead Developer: Responsible for smart contract development and technical aspects of WFBTC.
Sammer Sommers, the community Manage and (CEO): Engages with the WFBTC community, provides support, and coordinates community-driven initiatives.
Mohammed, the Marketing Lead and CFO : Develops strategies to promote WFBTC adoption and awareness., and also manages financial operations and ensures transparency in tokenomics.

How Many Wrapped Fantom Bitcoin (WFBTC) Tokens Are There in Circulation?

As of the latest data available, there are approximately 1300 WFBTC tokens in circulation. The supply of WFBTC is designed to be elastic, expanding or contracting based on market demand and the amount of Bitcoin (BTC) being wrapped into the Fantom blockchain.

WFBTC tokens exist in 1 form:

ERC-20 Token on Fantom: WFBTC on the Fantom blockchain adheres to the ERC-20 standard, enabling seamless integration with decentralized applications 
(dApps) and DeFi protocols within the Fantom ecosystem.

The pegging of WFBTC to Bitcoin (BTC) at a 1:1 ratio ensures that each WFBTC token represents the equivalent value of one Bitcoin, providing users with exposure to Bitcoin's price movements on the Fantom network.

What Makes Wrapped Fantom Bitcoin Unique?

WFBTC combines the security and stability of Bitcoin with the speed and efficiency of the Fantom blockchain. This integration enables fast transactions and low fees while maintaining the value equivalence of 1:1 with Bitcoin.

The project's transparency and community-driven approach ensure trust and reliability, making WFBTC an attractive option for users seeking seamless cross-chain transactions and DeFi opportunities.

How Is the Wrapped Fantom Bitcoin Network Secured?

The security of WFBTC is reinforced by the robustness of the Fantom blockchain, which utilizes a consensus mechanism known as Lachesis to achieve high throughput and finality.

Additionally, audits by reputable firms and continuous monitoring of smart contracts contribute to the overall security posture of WFBTC, providing users with confidence in the integrity of the token.

Where Can You Use Wrapped Fantom Bitcoin (WFBTC)?

WFBTC can be utilized across various decentralized exchanges (DEXs), lending protocols, yield farms, and other DeFi platforms on the Fantom network. Users can trade, stake, lend, and participate in liquidity provision using WFBTC to access a range of financial services.

Popular platforms supporting WFBTC trading and activities include SushiSwap, SpookySwap, and SpiritSwap, among others.