💱rxBTC

relay executable BTC

The rxBTC is the token used to pay for the gas fee of transactions on the BitReXe network. It is a 1:1 pegged token to the Bitcoin, as well as proof of balance of your Bitcoin can be reclaimed on the Bitcoin Network.

First-class Asset Ticker	total supply	Contract Address
rxBTC	21,000,000	Native

• Peg-in:

  • A conversion from BTC to rxBTC

  • Locks BTC in the BTC multi-sig address

  • Releases rxBTC in the BitReXe-derived address generated by the DioWallet

• Peg-out:

  • A conversion from rxBTC to BTC

  • Locks rxBTC on the BitReXe network

  • Releases BTC on the Bitcoin network

Gas Fee

What is Gas Fee?

In order to avoid issues of network abuse and to sidestep the inevitable questions stemming from Turing completeness, all programmable computation on a permissionless blockchain is subject to fees

rxBTC is used to pay for the decentralized network computing and consensus, also known as a gas fee. You will need to pay a gas fee in rxBTC to complete, but not limited to the following on-chain activities:

1. Send Token

2. Mint Token

3. Create a smart contract

4. Maintain a smart contract state

5. Swap Token

6. Interactions with smart contracts

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