The BTCTRON page of Bitcoin Layers is under development.

We have not yet implemented our proof-of-reserves and therefore cannot assure you that wrappers are fully backed, 1:1, with BTC. Please use caution interacting with these wrapped BTC assets. Additionally, there may be incomplete or outdated research.

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BTCTRON

Overview

Status

Mainnet

Type

Reserve

BTC Supply

₿0

BTCTRON is a BTC-synthetic asset home to the Tron blockchain.

Assessment

Asset Custody

Users trust a centralized exchange with the custody of BTC backing BTCTRON

When users swap BTC for BTCTRON, they send their BTC to Poloniex, a centralized custodian. Information on how the BTC is secured is not available.

Source

Further sections to be reviewed

Aspects related to minting & burning, key management, transaction signing, and proof-of-reserves have not been reviewed. We are currently reviewing these sections.