The Newsletter by Tokenize Xchange (Vol.102| September 2020)

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Disclaimer: The below announcement does not apply to Tokenize Malaysia users. For Tokenize Malaysia user please refer to announcements from https://medium.com/tokenize-malaysia

Tokenize Xchange Webinar “Getting to know DeFi”

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Craving to know more about DeFi ? Our representative, Alson will be diving deeper on getting to know DeFi on Wednesday (30/09/2020) at 8.30 pm! 📈📉

If you are interested, please follow the link down below to join. See you then!

Link to join here.

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Listing of WBTC on Tokenize Xchange

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Currently, as WBTC is getting more and more popular, there are more on-ramps on Centralized Exchanges for users to get access to it in a more convenient and hassle-free manner. Users who are interested in getting WBTC will be able to purchase it directly on our platform directly and will be able to participate in DeFi with ease now!

WBTC will be listed this week with trading pairs of the following: BTC-WBTC and SGD-WBTC.

Holding TKX — getting 0% all the crypto withdrawal fee update.

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Holding 5,000 TKX instead of 50,000 TKX on your account and you will get 0% all the crypto withdrawal fee.

Don’t miss our new promotion!

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Getting to know Wrapped Bitcoin (WBTC)

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In this article, we will be discovering how WBTC is bringing Bitcoin into the Ethereum network and what it does!

What is WBTC?

So, what is WBTC all about? WBTC stands for Wrapped Bitcoin and is simply an ERC20 token backed 1:1 by BTC and held at BitGo Trust, and the other underlying holdings are verifiable here.

WBTC brings the liquidity of Bitcoin to the Ethereum ecosystem. Being an ERC20 token makes the transfer of WBTC faster than normal BTC (as it is on the Ethereum network instead of the Bitcoin network), but the key advantage of WBTC is its integration into the Ethereum network — dapps, wallets, and smart contracts. Today, there are over 50,000 WBTC in circulation, many of those, which are locked up in DeFi.

Read the rest of the article here.

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