Launchpool Labs

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Big Shot

Launchpool Project

BTC Proxy

https://btcpx.io/

Institutional Grade Bitcoin Bridge. Unlocking Bitcoin for DeFi on Matic L2 with low costs, high speeds and PRXY token governance.

Raise Network:

Ethereum Mainnet

Distribution Network:

Polygon Mainnet

Target Raise:

60 ETH priced at $3500

Summary

Only 1% of Bitcoin is on DeFi, we need better Bitcoin Bridges to get the other 99% across. BTCpx solves the problems with WBTC and RenBTC with the ProxyRelay solution. BTC Proxy has a user interface, insured custodian, Matic L2 gas efficiency and is governed by the PRXY token.

Institutions demand an insured custodian (which RenBTC lacks) and BTC Proxy uses HEX_Trust. Institutions also need a slick user interface (which WBTC lacks) without the slippage and counterparty risks of CEXes.

Confirmation of Bitcoin blocks onto an Ethereum smart contract using a Matic side chain means low minting and redemption fees with fast confirmations in under 30 mins.

Transactions are all transparent onchain and verifiable with the BTC Proxy team never touching any funds. No KYC is needed. Uniswap will have LP pools with WBTC:BTCpx and RenBTC:BTCpx initially where users can Stake Bitcoin and earn PRXY token rewards.

Use of Token: The PRXY token will be utilized for:

Voting for future development of protocol
Staking for Bitcoin Farming from the Minting Fees of 0.1% and Redemption Fees of 0.3% at https://btcpx.io
Liquidity Mining incentive for BTCpx pools

Institutional Bitcoin Bridge minting and redeeming BTCpx on MATIC L2 to unlock Bitcoin on DeFi
Institutionally qualified custody to insure Bitcoin Deposits
No Slippage or ill effects from low volume
No Counterparty Risk
Low Gas Fees - see the benchmark test

View Whitepaper

View Whitepaper

(i) Any natural person resident in the United States (a “ U.S. Person”); (ii) any partnership or corporation organized under the laws of the United States (a “U.S. Company”); (iii) any estate of which any executor or administrator is a U.S. Person or U.S. Company; (iv) any trust of which any trustee is a U.S. Person or U.S. Company; (v) any agency or branch of a foreign entity located in the United States; (vi) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or the account of a U.S. Person or U.S. Company; or (vii) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated or (if an individual) resident in the United States MAY NOT PARTICIPATE IN THIS OFFER. The participant also acknowledges that none of the Company, its affiliates or any person acting on its or their behalf has engaged or will engage in any directed selling efforts in the United States.

Launchpool, including its owners, officers, employees, directors, or agents, is not affiliated with and does not endorse or sponsor any of the token sales or giveaways. Launchpool may receive a fee for advertising certain token sales, in which case such listing will be designated accordingly.

You should also be mindful of the potential risks involved in token giveaways or sales and any arrangements involving digital tokens. As these arrangements and the parties involved operate online and may not be regulated, you may be exposed to heightened risks of fraud, insufficient liquidity or volatile and opaque pricing. You should fully understand the features of any products or business projects you intend to fund, and carefully weigh the risks against the return before making a purchase.

Launchpool is not providing investment advice and is not taking your personal circumstances into consideration when posting information about token sales.

Decisions to participate in token sales, to buy, sell or hold tokens involve risk and have to be based on the advice of qualified financial professionals which we are not.

The use of any data or information about token sales and any linked content, provided by Launchpool or through the launchpool.xyz website ("Information"), does not and cannot guarantee that you will make profits or will not incur losses. You must use your own judgment or consult a professional for advice on such matters.

Information is intended merely for informational and educational purposes.

You acknowledge and agree that Information is not intended to supply professional, legal or financial advice. Launchpool offers no advice regarding the nature, potential value, or suitability or any particular coin or token sale or giveaway. You should not construe any Information displayed, published or provided by Launchpool as legal, tax, investment, financial or other advice.

Nothing on the launchpool.xyz website is a solicitation to buy, sell or hold coins (tokens).

Launchpool is not a broker-dealer or financial adviser and is not affiliated with an investment advisory firm. Launchpool does not engage in activities that would require such registration.

You must consider carefully whether Information is suitable for you in light of your financial condition and ability to bear financial risks.

All information, data, white papers and other materials concerning a particular token sale is prepared solely by its organizer, and such person is solely responsible for the accuracy of all statements it has made. There is no guarantee that information on these matters is true, correct, or precise.

YOU ALONE ASSUME SOLE RESPONSIBILITY FOR ANY DECISIONS YOU MAKE BASED ON THE INFORMATION AND/OR THE USE OF LAUNCHPOOL.XYZ

ALL INFORMATION IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. LAUNCHPOOL MAKES NO REPRESENTATIONS AND DISCLAIM ALL EXPRESS, IMPLIED, AND STATUTORY WARRANTIES OF ANY KIND TO USER AND/OR ANY THIRD PARTY, INCLUDING WARRANTIES AS TO ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY, OR FITNESS FOR ANY PARTICULAR PURPOSE.

UNDER NO CIRCUMSTANCES SHALL LAUNCHPOOL BE LIABLE FOR ANY LOSS OR DAMAGE YOU OR ANYONE ELSE INCURS AS A RESULT OF ANY ACTIVITY THAT YOU OR ANYONE ELSE ENGAGES IN BASED ON ANY INFORMATION YOU RECEIVE THROUGH LAUNCHPOOL.XYZ OR AS A RESULT OF THE USE OF LAUNCHPOOL.XYZ

The token sales discussed on the launchpool.xyz website have not been reviewed by any regulatory authority.

The regulatory authorities have not confirmed the accuracy or determined the adequacy of the token sales offering documents. Any representation to the contrary is a criminal offense.

Tokens may constitute securities pursuant to applicable security laws.

Tokens may not be appropriate for, or offered to, investors residing in the United States. The Securities and Exchange Commission (SEC) has warned investors residing in the United States that token sales may constitute securities, and by investing in tokens, investors may be purchasing unregistered securities offerings. US investors who invest may be unable to recover any losses sustained in the event of fraud or theft.

For more information on the position of the SEC and other regulatory authorities, please examine the following statements :

These links are given by way of example, please make sure you understand the regulatory and legal authority in your particular jurisdiction.

Participation on the Launchpool platform is not allowed for residents of the following countries:

Burundi, Bahamas, Botswana, Belarus, Congo (Dem. Rep.), Central African Republic, Cuba, Ethiopia, Ghana, Iraq, Iran, Cambodia, Korea (North), Lebanon, Sri Lanka, Libya, Mali, Myanmar, Nicaragua, Panama, Pakistan, Sudan, Somalia, South Sudan, Syrian Arab Republic, Tunisia, United States, Venezuela, Yemen, Zimbabwe, Crimea (Ukranian Region).

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