Unveiled on March 5, 2020, the BTSE Token (BTSE) serves as a utility token for the BTSE exchange, designed to improve user interactions and experiences in the BTSE ecosystem. It holds the distinction of being the first exchange token to operate on Liquid, a sidechain network linked to Bitcoin and tailored for traders and exchanges. This network incorporates features such as Confidential Transactions and Confidential Assets, which are meant to boost privacy on the blockchain.
Who Established BTSE?
BTSE, a notable digital asset exchange, was formed in 2018 by Jonathan Leong and Brian Wong. Leong has accumulated over 15 years of experience in tech, focusing on developing mission-critical, sophisticated systems. Meanwhile, Wong has a substantial background in financial institutions like Goldman Sachs and has contributed to creating high-efficiency trading solutions for the Asian markets.
Currently, the leadership team at BTSE includes CEO Henry Liu and COO Jeff Mei. Liu ventured into blockchain in 2016 and brings his experience from merchant banking. Mei, who directs global growth and strategic operations, draws on his deep expertise in both blockchain and traditional finance sectors. Together, they aim to provide a secure and user-friendly trading platform that bridges conventional financial systems with modern digital asset offerings.
What Distinguishes the BTSE Token (BTSE)?
The BTSE Token is unique due to the features and advantages it provides within the BTSE ecosystem:
* Fee Discounts: By staking BTSE Tokens, users receive discounts on maker fees while using the platform.
* VIP Status: Keeping BTSE Tokens in a spot wallet allows users to attain VIP status, which comes with numerous exclusive perks.
* Passive Earnings: Through the platform's Earn program, users can stake BTSE Tokens to generate a passive income stream.
* Exclusive Events: The token also provides entry to special events, including token airdrops and NFT lotteries hosted on the platform.
What is the Circulation Volume of BTSE Tokens (BTSE)?
As of August 2023, there are 165,302,731 BTSE Tokens in circulation, out of a total cap of 200,000,000 BTSE.
How is Security Managed on the BTSE Network?
Security is of utmost importance at BTSE. The platform employs high-level security protocols, such as:
* Cold storage for funds, which keeps assets safe from online threats.
* A comprehensive cold storage system requiring multiple keys for access.
* Data redundancy spread across several locations.
* A strong firewall setup.
* Enhanced two-factor authentication and encryption via HTTPS/SSL protocols.
Where Can BTSE Tokens (BTSE) Be Purchased?
The BTSE Token is available for purchase on the BTSE exchange.
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