pTokens BTC [OLD]
PBTC Price
How is the price of pTokens BTC [OLD] (PBTC) calculated?
The price of pTokens BTC [OLD] (PBTC) is calculated in real-time by aggregating the latest data across 3 exchanges and 5 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
pTokens BTC [OLD] Price Chart (PBTC)
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| 0.1% | 0.4% | 3.0% | 9.7% | 7.5% | 94.7% |
PBTC Converter
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Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$18,047.38 |
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
1.04 |
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Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$17,279.24 |
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24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$975.94 |
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Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
8 |
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Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
8 |
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Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
8 |
PBTC Historical Price
| 24h Range | $1,929.21 – $2,130.29 |
|---|---|
| 7d Range | $1,928.98 – $72,904.55 |
| All-Time High |
$5,384,182
100.0%
Apr 21, 2020 (almost 5 years)
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| All-Time Low |
$1,147.59
82.0%
Nov 30, 2024 (about 2 months)
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How do you feel about PBTC today?
What is pBTC?
pBTC is a wrapped Bitcoin launched by pNetwork. Unlike wBTC and HBTC, where the BTC backing the tokens are custodied under a centralized entity, the BTC backing pBTC is custodied under a smart contract, making it a more decentralized option.
What is pNetwork?
pNetwork is a Decentralized Autonomous Organization (DAO) that facilitates the movement of different assets across different blockchains. It operates on an open-source system, and a network of validators governs the movement of assets. The task of the validators is to maintain the 1:1 peg of the underlying assets on different blockchain platforms.
pNetwork is managed by Provable Things, which is one of the blockchain projects invested by Poseidon Group. The group has also been involved in another blockchain project - Eidoo, which provides non-custodial wallet services to cryptocurrency holders. The development of pNetwork expands the Eidoo wallet services to other blockchain platforms.
How does pNetwork works?
Let’s look at the minting and burning of pBTC.
- Minting
pTokens are formulated to do the pegging task at a 1:1 ratio. It is automated and powered through smart contracts. Users can send BTC over to the smart contract and receive pBTC in return. Two separate blockchains (Bitcoin and Ethereum) meet within a secure sandbox - Trusted Execution Environment (TEE). The validators verify the number of underlying assets locked and trigger the minting of pTokens.
- Burning
All pTokens are fully-backed by the underlying assets and can be redeemed at any time.
pTokens holders can burn the pBTC to redeem the underlying BTC through smart contracts. Following the same process above, through TEE, validators will verify the pBTC received and release the BTC to the user.
How to obtain pBTC?
You can purchase pBTC from Uniswap.
To mint pBTC, users can transfer BTC to the pNetwork smart contract and receive pBTC in return.
Where can you buy pTokens BTC [OLD]?
PBTC tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade pTokens BTC [OLD] is Uniswap V2 (Ethereum), where the most active trading pair PBTC/WBTC has a trading volume of $19,348.11 in the last 24 hours. Other popular options include PancakeSwap (v2) and PancakeSwap V1 (BSC).
What is the daily trading volume of pTokens BTC [OLD] (PBTC)?
The trading volume of pTokens BTC [OLD] (PBTC) is $975.94 in the last 24 hours, representing a -21.80% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for pTokens BTC [OLD] (PBTC)?
The highest price paid for pTokens BTC [OLD] (PBTC) is BTC780.1231, which was recorded on Apr 21, 2020 (almost 5 years). Comparatively, the current price is -100.00% lower than the all-time high price.
What is the all-time low for pTokens BTC [OLD] (PBTC)?
The lowest price paid for pTokens BTC [OLD] (PBTC) is BTC0.01184, which was recorded on Nov 30, 2024 (about 2 months). Comparatively, the current price is 82.00% higher than the all-time low price.
What is the market cap of pTokens BTC [OLD] (PBTC)?
Market capitalization of pTokens BTC [OLD] (PBTC) is BTC0.1714 and is ranked #8110 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of PBTC tokens (8.6 tokens are tradable on the market today).
What is the fully diluted valuation of pTokens BTC [OLD] (PBTC)?
The fully diluted valuation (FDV) of pTokens BTC [OLD] (PBTC) is BTC0.1641. This is a statistical representation of the maximum market cap, assuming the maximum number of 8 PBTC tokens are in circulation today. Depending on how the emission schedule of PBTC tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of pTokens BTC [OLD] compare against its peers?
With a price increase of 3.00% in the last 7 days, pTokens BTC [OLD] (PBTC) is outperforming the global cryptocurrency market which is down -0.70%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
How to add pTokens BTC [OLD] (PBTC) to MetaMask?
Adding pTokens BTC [OLD] (PBTC) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import PBTC as a token. You can copy PBTC’s contract address (0x5228a22e72ccc52d415ecfd199f99d0665e7733b) and import it manually, or if you've installed MetaMask's chrome extension, add PBTC to MetaMask with one click on CoinGecko.
Add PBTC to MetaMask.
pTokens BTC [OLD] Markets
| # | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | Trust Score | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
DEX
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$85,898.59 | 0.6% | $4,850 | $4,836 | $19,348.00 | 1981.2% |
Recently
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| 2 |
DEX
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$2,092.02 | 0.65% | $178 | $178 | $798.00 | 81.82% |
Recently
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| 3 |
DEX
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$2,089.37 | 0.7% | $79 | $79 | $157.00 | 16.16% |
Recently
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| 4 |
DEX
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$2,092.02 | 0.87% | $30 | $30 | $19.00 | 2.04% |
Recently
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| 5 |
DEX
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$85,898.79 | 0.61% | $2,898 | $2,889 | $11,313.00 | 1158.51% |
Recently
Anomaly - Trading price or volume is an outlier against the average
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