Review on Bitcoin BEP2 by LUIS RIVERO R
Token backed with BTC.
Utility token available in the Binance chain, specially designed to work in the decentralized exchange its value is 1: 1 Bitcoin, its backup is stored by the renowned Binance exchange, it is necessary to only make a deposit in Bitcoin in Binance and this exchanging it for its equivalent in Binance chain.
This token is widely auitable in terms of its reserves in btc since these data are public.
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Pros
- Real price backed by BTC stored in Binance.
- Lower transactions compared to the use of Bitcoin.
- Verifiacles reservations in public contract.
- Especially aimed at the public that uses BinanceDex
Cons
- Few exchanges have this version of BTC.
- Currently it is not common to be used as a payment method.
