τBitcoin is a synthetic token based on Bitcoin. τBitcoin can be mined by BTCST stakers. According to the price-pegging mechanism of the Tau Protocol, the price of τBitcoin is pegged 1:1 with the price of Bitcoin.
With the support of institutional miners accounting for 12% of Bitcoins global hash rate, τBitcoin will become a unique DeFi project. Currently, τBitcoin has been listed as a planned reserve currency for the SORA network XOR token joint curve.
