The smart contract asset Wrapped Bitcoin Diamond (WBCD) on Ethereum is initiated by the BCD Foundation, offering a custodial solution where custodians lock BCD to issue corresponding WBCD tokens. It strictly adheres to a 1:1 reserve guarantee – meaning for every 1 WBCD issued, there is 1 BCD in the asset custody address ensuring users can redeem at a 1:1 ratio anytime.
WBCD, backed by Bitcoin Diamond (BCD) liquidity, is a digital currency issued based on the Ethereum ERC-20 standard, aiming to bring the liquidity and stability of Bitcoin Diamond into the Ethereum ecosystem.
WBCD will feature decentralized ecosystems, smart contracts, consensus mechanisms, and multi-chain interoperability.