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The current real-time price of KBTC is $36,556. In the past 24 hours, KBTC has traded between $36,502 and $36,610, showing strong market activity. The all-time high of KBTC is $214.279K, and the all-time low is $14,040.15.
From a short-term perspective, the price change of KBTC over the past 1 hour is , over the past 24 hours is +1.00%, and over the past 7 days is -0.14%. These figures provide a quick overview of the latest price trends and market dynamics of KBTC on LBank.+1.53%
The live price of KBTC today is $36,556, with a current market cap of $0. The 24-hour trading volume is 648.38. The price of KBTC to USD is updated in real time.
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Before deciding whether to buy or sell KBTC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s KBTC technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for KBTC.
How much will KBTC be worth tomorrow, next week, or next month in ? What about your KBTC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! KBTC Price Prediction
To learn more about KBTC, consider exploring other resources such as the whitepaper, official website, and other published information:
Kintsugi BTC (kBTC) is a fully Bitcoin-backed asset designed specifically for the Kusama network. It operates on the Kintsugi parachain, which serves as the innovative "canary network" for the Interlay project's interBTC. Its primary purpose is to bridge Bitcoin's value into the Kusama ecosystem, enabling BTC holders to engage in decentralized finance (DeFi) activities that are not natively available on the Bitcoin blockchain. Each kBTC represents a claim to an equivalent amount of real Bitcoin, held in secure, decentralized vaults.
Kintsugi BTC operates by allowing users to lock their actual Bitcoin (BTC) in a network of decentralized, collateralized vaults managed by independent vault operators. Once BTC is locked, an equivalent amount of kBTC is minted and issued to the user on the Kintsugi network. This kBTC can then be freely used across the Kusama ecosystem for various decentralized finance (DeFi) applications. When a user wishes to retrieve their original Bitcoin, they can redeem their kBTC, which then unlocks their BTC from the vaults. This mechanism ensures a 1:1 backing and facilitates trustless transfers.
Kintsugi BTC offers significant benefits by unlocking the vast capital held in Bitcoin for use within the dynamic Kusama decentralized finance (DeFi) ecosystem. Bitcoin holders can transform their idle BTC into a usable asset on a vibrant blockchain network, enabling them to participate in activities like lending, borrowing, providing liquidity, and yield farming. This broadens the utility of Bitcoin beyond simply holding, allowing users to generate passive income or leverage their assets without selling their original BTC. It bridges two major blockchain ecosystems, enhancing capital efficiency and financial opportunities.
Every Kintsugi BTC (kBTC) token is fully backed 1:1 by an equivalent amount of actual Bitcoin. This backing is maintained by a decentralized network of "vault operators" who lock up collateral in addition to the Bitcoin they hold. If a vault operator attempts to misbehave or fails to return BTC upon redemption, their collateral is slashed, compensating the user. This robust collateralization mechanism ensures the integrity of the backing. The system's design relies on cryptographic proofs and economic incentives, allowing users to trust the protocol's mechanics and the security of the Bitcoin blockchain itself.
Kintsugi serves as the "canary network" for Interlay, meaning it's an experimental and innovative environment that shares the same underlying codebase and technology. The Kintsugi network on Kusama hosts kBTC, which is its native Bitcoin-backed asset. Interlay, on the other hand, is the primary network built on Polkadot, and it issues interBTC, which functions identically to kBTC but within the Polkadot ecosystem. Kintsugi acts as a testing ground for new features and upgrades before they are potentially deployed on the more stable Interlay network, fostering continuous development and security improvements for the entire ecosystem.
Kintsugi BTC significantly expands the utility of Bitcoin by enabling its use across various decentralized finance (DeFi) applications within the Kusama ecosystem. Primary use cases include using kBTC as collateral for borrowing other digital assets, lending kBTC to earn interest, and participating in yield farming protocols to maximize returns. It can also be utilized for providing liquidity to decentralized exchanges, facilitating arbitrage opportunities, and integrating into a wide range of financial products. This allows Bitcoin holders to actively participate in the DeFi economy without liquidating their BTC holdings.
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