Details about dForce BTC cryptocurrency
dForce BTC
xbtc
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dForce BTC price charts
xbtc exchanges
dForce BTC, the crypto
dForce BTC (XBTC) is a decentralized cryptocurrency that is pegged to the value of BTC. It operates on the Ethereum network as an ERC-20 token and is backed by a basket of decentralized cryptocurrencies and stablecoins.
The point
The main point of dForce BTC (XBTC) is to provide users with a way to easily invest in BTC without the need to hold BTC directly. It allows users to benefit from the price appreciation of BTC without having to worry about the hassle and risks involved in storing and securing physical BTC.
The problem
dForce BTC (XBTC) tries to solve the problem of easy access to BTC investment. For many crypto users, investing in BTC can be difficult and expensive, since it requires buying and holding the physical asset or trading on centralized exchanges. dForce BTC (XBTC) provides a convenient and cost-effective way to invest in BTC without these hurdles.
Compare XBTC and BTC performance
| Timeframe | XBTC | BTC |
|---|---|---|
| 1h change | 0 % | 0.2369 % |
| 24h change | 0 % | 4.23053 % |
| 7 day change | 0 % | -8.99824 % |
| 14 day change | 0 % | -5.57204 % |
| 30 day change | 0 % | 1.13445 % |
| 200 day change | 0 % | 132.592 % |
| Year change | 0 % | 116.788 % |