What is BITCOIN DOLLAR(BTCD)?

Basic information about BTCD

Coin name:

Bitcoin Dollar

Coin symbol:

Coin introduction:

Bitcoin Dollar (BTCD) is a decentralized finance protocol deployed on Ethereum mainnet. The protocol issues BTCD, a token structured with a 50/50 exposure to BTC and USD, designed to provide balanced exposure to both assets within a single instrument. sBTCD is the yield-bearing staked counterpart to BTCD, accruing returns through the protocol's underlying strategies. FISC is the protocol's governance token, which has not yet launched. BTCD's core product infrastructure includes a USD Vault, which accepts USDC deposits and directs them into strategies designed to maintain BTC-neutral positioning. A Bitcoin Carry Vault, which would use BTC collateral to borrow stablecoins for deployment into yield-generating strategies, is in planning. A bdBTC Vault is currently in development. The protocol uses Morpho's isolated lending markets as core infrastructure for its vault strategies. BTCD has received backing from Polygon Labs and Coinme. The protocol's primary yield sources are productive asset allocation across its BTC and USD-denominated positions, with supplementary returns available through volatility-based strategies during periods of market movement. BTCD's stated purpose is to give users a mechanism for holding a balanced BTC/USD position while accessing yield generated from the underlying deployment of those assets, without requiring users to actively manage the rebalancing or yield strategies themselves.

Current Price:

$0.91More coin details

All-time high:

$0.92

All-time low:

$0.90

BTCD Supply Info and Tokenomics

Circulating supply:

1,999,663

Total supply:

1,999,663

Max supply:

Market cap:

$1.83M

Fully diluted valuation:

$1.83M

What is the outlook and future value of BTCD?

The current market cap of BTCD is $1.83M, ranked 2611 in the market, showing that the market already recognizes the value of BTCD. When a bull market arrives, the market cap of BTCD may continue to grow.

Moreover, if BTCD can play a greater role in real-world applications—such as if the Monero developers can fully empower BTCD and establish partnerships with more business partners to expand its user base—then the long-term value of BTCD will be further enhanced.

What is the price of BTCD in 2027?

According to the historical price performance prediction model of BTCD, the price of BTCD is expected to reach $0.96 at 2027.

Note: As with any crypto investment, investors should closely monitor BTCD’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get BTCD?

Purchasing BTCD with cash is not the only way to obtain BTCD. If you have enough time, you can get BTCD for free.

Learn how to get Hot rewards for free with BTCD.

Earn free BTCD by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get BTCD airdrops for free.

All crypto airdrops and rewards can be exchanged for BTCD through LBank spot trading.

Buy BTCD starting from $1

What is BTCD used for and how to use it?

The use cases for BTCD may grow with the development of the crypto market and project progress. Currently, you can use BTCD to:

Arbitrage trading of BTCD

BTCD is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many BTCD trading pairs to suit your needs.

Earn yield with BTCD

You can also lend out BTCD or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your BTCD gains.

Send or pay with BTCD

If you want to pay someone with BTCD, you can easily and quickly send BTCD to them using their receiving address.

You can also visit the official website of Bitcoin Dollar to learn more use cases of BTCD, such as whether the Bitcoin Dollar project supports community/eco apps or buying physical or virtual goods with BTCD.