WyreBitcoin Coin is released on the basis of Ethereum platform and fully comply with ERC20* standard. WyBTC is a digital currency. It uses peer-to-peer technology to operate with no central authority or banks; managing transactions are carried out collectively by the network.
Support of this standard guarantees the compatibility of the token with third-party services (wallets, exchanges, listings, etc.), and provides easy integration. Herewith, the use of WyBTC token is not limited to just the platform ecosystem.
WyBTC token is a blockchain-based asset with similar functionality to bitcoin, ether, and bitcoin cash: it can hold value and be sent and received. … WyBTC tokens are stored and sent using ethereum addresses and transactions, and use gas to cover transaction fees.
Functions of WyreBitcoin Coin
At the initial stage, WyreBitcoin Coin (WyBTC) will allow its owners to obtain a Membership
Status at WyreBitcoin, conferring a number of advantages when using the platform to exchange
cryptocurrencies. These include:
1. Right to vote on new cryptocurrency listings on WyreBitcoin.com
2. High priority customer support on WyreBitcoin.com
3. Exchange your own WyBTC with other cryptocurrencies available in the Wyre Bitcoin Wallet
With further development of the WyreBitcoin exchange platform and ecosystem at large, the
holders of WyreBitcoin Coin will have priority access to any newly implemented features.
In addition to regular exchange customers, part of the total supply of WyreBitcoin Coins will be
distributed in a similar way among WyreBitcoin’s affiliate partners and will confer extra benefits
to them, such as preferential fees and payout limits. This will ensure long-term cooperation
between WyreBitcoin and its partners and improve the robustness of the entire ecosystem.