Odaily News According to official news, the first phase of xBTC is now available on Aptos, and a series of related activities have been launched. From 15:00 (UTC+8) on May 28, users who deposit xBTC, USDC or APT in Aries Markets, Echo Protocol or Hyperion can participate in sharing 35,865 APT rewards. This series of activities will last for 6 months, with a total prize pool of 3.4 million USD worth of tokens.
It is reported that xBTC is a packaged Bitcoin issued by OKX, which strictly follows the 1:1 reserve mechanism. Users can withdraw BTC from the exchange to the target chain and obtain xBTC of equal value; they can also recharge xBTC back to the exchange through the target chain and exchange it for BTC. The platform verifies asset transparency in real time through the on-chain Proof of Reserves (PoR) to further ensure the security of user assets.