A new token that would include a balanced allocation of pBTC (70%) and pLTC (30%)
All pTokens (pBTC & pLTC) are pegged 1:1 with the underlying asset.
pBTC: pBTC is an ERC-20 token representation of bitcoin.
pLTC: With pLTC, users mint their tokens by depositing LTC via the custom pTokens DApp. The LTC is then locked while the equivalent pLTC can move freely around the Ethereum ecosystem.
Each blockchain is confined to its technological boundaries. As a direct consequence, liquidity is locked within its ecosystem. Liquidity is largely spread across many blockchain platforms, and it isn’t easy to merge into a single pool. Thus, it becomes essential to create solutions that allow effective cross-chain composability for DApps to access any asset…
I don’t have any proposals for the token symbol or name…