Confirmation of Bitcoin blocks onto an Ethereum smart contract using a Matic side chain make Proxy the cost effective choice
Commercial criminal insurance to further safekeep our client assets. The insurance coverage is arranged by Aon via a selection of international insurers.
The insurance is a proprietary Aon solution and covers theft of digital assets, via employee dishonesty or through third parties, held by Hex Trust on behalf of their clients.
DAO Member funds never mix with the general pool
Minting refers to the process of creating new BTCpx tokens. Minting is a decentralized process whereby the user interacts directly with the smart contract to verify the BTC has been sent to the custodian. The BTCpx smart contract verifies the Chainwork and Merkelroot of the Bitcoin transaction and validates that to approve the minting of new tokens. Your BTC is stored in custody so the new tokens are backed by Bitcoin at a ratio of 1:1. There are no central or manual process involved, the system is trustless and can confirm transactions at 30 min intervals. Use your newly minted BTCpx on DEFI applications or stake them for rewards.