100 000$ for BTC and how it will blow up the network #TON .

At Gateway, representatives of the TON Foundation and the blockchain laboratory RSquad announced the decentralized bridge TON Teleport BTC and the token tgBTC, the original BTC wrapped in TON.

Previously, BTC could only be transferred to TON through Ether. And this was jWBTC. This is a complicated and unsafe process, and the community of WBTC holders was not very eager to transfer it to the TON network.

Therefore, the market capitalization of jWBTC was only 360 000$ and a laughable 100$ in daily volume. The same story goes for jUSDT. But thanks to the launch of the original USDT, the problem was resolved. And now TON is the 4th blockchain with a 1.2 billion market capitalization in Tether.

The same is done by tgBTC for Bitcoin. By connecting both wallets, you can mint one tgBTC from BTC and use it, for example, as collateral.

The first to provide such an opportunity was Tonstakers. Of course, the success will depend on whether DeFi projects will develop, and most importantly, whether the yield in the TON network will exceed other networks.

If so, this will allow large amounts of money to start flowing into TON.

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