TechFlow, on May 28, according to official information, the first phase of xBTC has now launched on Aptos, initiating a series of related activities. Starting from 15:00 on May 28 (UTC+8), users depositing xBTC, USDC, or APT on Aries Markets, Echo Protocol, or Hyperion can participate in sharing 35,865 APT rewards. This campaign will last for six months, with a total prize pool equivalent to $3.4 million in tokens.
Notably, xBTC is a wrapped Bitcoin issued by OKX, strictly adhering to a 1:1 reserve mechanism. Users can withdraw BTC from the exchange to a target blockchain and receive an equivalent amount of xBTC; alternatively, they can deposit xBTC back to the exchange from the target chain and redeem it for BTC. The platform employs on-chain Proof of Reserves (PoR) to verify asset transparency in real time, further ensuring user asset security.
