Convert from EBTC to WeBTC

EBTC operates as a truly decentralized DeFi asset with no central authority, giving users complete control over their financial decisions. The conversion to WeBTC is entirely user-driven, ensuring that the process remains transparent and free from external influence.

Similarly, WeBTC embodies the same decentralized principles, functioning as a parallel asset within the ecosystem. Both tokens coexist, running on a consensus mechanism maintained by miners, reinforcing security, stability, and trust across the network. This dual-token structure enhances flexibility while preserving the decentralized nature of the system.

The transition from EBTC to WeBTC marks a major step forward in optimizing the ecosystem and expanding cross-chain interoperability. WeBTC is issued under a Wrapped Token model, allowing the asset to operate across multiple blockchains, thereby providing higher liquidity and deeper integration into decentralized finance (DeFi) platforms.

Wrapped Token

A Wrapped Token is a tokenized version of another digital asset, allowing it to be used on a different blockchain. Different blockchains are often not compatible with each other, meaning assets from one blockchain cannot be directly traded on another. Wrapped Tokens solve this issue by creating a representative version of the asset on a new blockchain.

How Wrapped Tokens Work

Minting: An equivalent amount of Wrapped Tokens is created on the new blockchain.

Trading: The Wrapped Token can be used within the ecosystem of that blockchain.

Burning: When a user locks the original asset, it will be burned and the wrapped Token asset will be unlocked.

Cross-chain compatibility: Allows assets to function across different blockchains. Increased liquidity: Enables assets to participate in multiple ecosystems. Higher transaction efficiency: Improves transaction speed and optimizes costs across different blockchains.

Wrapped Tokens are a crucial solution for enabling digital assets to operate across multiple blockchains, enhancing usability and increasing liquidity within the DeFi ecosystem.

To ensure sustainable development, the WeBTC ecosystem will implement:

• Reducing Token Supply Through Strategic Burn Mechanism: Burning 90% of the total EBTC supply is a key measure in our deflationary protocol. By destroying a significant portion of the initial supply, we establish token scarcity, reduce inflationary pressures, and strengthen investor confidence in the long-term sustainability of the ecosystem.

• Wrapped Token Issuance Mechanism: WeBTC is issued using a wrapped token model. In this process, a predetermined amount of EBTC is securely locked in a smart contract, and an equivalent amount of WeBTC is issued on the target blockchain. This dual anchoring method ensures that WeBTC always holds the same value as EBTC while operating on multiple blockchains, thereby enhancing interoperability and liquidity.

• High Liquidity Support Through Private Blockchain Ecosystem: WeBTC will be built on a fully autonomous, private blockchain, with the goal of ensuring rich liquidity for users without integrating with external exchanges. This independent blockchain system is designed to optimize transaction speed and the ability to handle large transaction volumes, creating a vibrant internal market. In addition, an advanced staking system allows users to lock WeBTC and receive passive rewards, thereby encouraging active participation and promoting strong community development on the private platform.

Benefits of Converting to WeBTC

✅ Enhanced Multi-Chain Interoperability: WeBTC is designed to operate seamlessly across multiple blockchains — including Ethereum, Binance Smart Chain, and Polkadot — maximizing asset mobility and cross-chain interoperability.

✅ Deep Integration into the DeFi Ecosystem: The asset is fully compatible with DeFi protocols, allowing for efficient lending, staking, yield farming, and cross-chain trading.

✅ Low Transaction Fees & High Efficiency: With an optimized consensus mechanism, WeBTC enables fast transactions at lower costs than using Bitcoin directly.

The transition from EBTC to WeBTC not only strengthens the ecosystem but also unlocks new opportunities for users, creating a more flexible and sustainable foundation in the decentralized finance (DeFi) space.