- BNB Chain
- Bitcoin Ecosystem
Bitcoin BEP2 (BTCB) is a token that is pegged to BTC at a rate of 1 BTCB = 1 BTC, issued on the Binance Chain by Binance. Binance backs each BTCB token with equivalent amount of BTC in a reserve which can be validated with in the following address BTC Reserve Address: https://blockchair.com/bitcoin/address/3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb BTCB Issuance Address: https://explorer.binance.org/asset/BTCB-1DE The objective of issuing BTCB is to bring Bitcoin liquidity to the Binance Chain so users are able to trade Binance Chain issued tokens against Bitcoin, especially on the Binance DEX.
To assign a comfort level investing in Bitcoin BEP2 from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Bitcoin BEP2.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.