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At its core, Bitcoin BEP2 represents a pegged token on the Binance Chain, designed to mirror the value of Bitcoin (BTC). Each $BTcb is fully backed by one real Bitcoin at a constant reserve ratio of 1:1. This structure is pivotal in maintaining price stability for the $BTcb token, aligning it closely with the fluctuations of Bitcoin's market value.
The main objective of Bitcoin BEP2 lies in enhancing the usability and accessibility of Bitcoin within the Binance ecosystem. By allowing users to trade Bitcoin in a transparent and stable environment, $BTcb serves as a valuable asset for users seeking efficient trading alternatives in decentralized finance (DeFi).