What is the Butane Protocol?
The Butane Protocol has made waves in the community. The team raised nearly 50 million ADA in the public sale of BTN tokens.
The Butane Protocol has made waves in the community. The team raised nearly 50 million ADA in the public sale of BTN tokens.
As pointed out by Charles Hoskinson, this impressive feat surpasses the amount Ethereum garnered during its ICO. Now, let's delve into the team's ambitious plans for this project. What is Butane? Butane is a synthetic protocol that allows users to create synthetic assets.
These are financial instruments that simulate other instruments without the need for physical ownership. Synthetic assets are tokens that mimic the value of another cryptocurrency, or any other real-world asset, without requiring actual ownership.
For example, a synthetic version of Bitcoin on the Cardano blockchain would mimic the price of an actual BTC, allowing you to benefit from Read article: What is the Butane Protocol?
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