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<!DOCTYPE html>
<html>
<head>
<title>Wrapped Bitcoin ( WBTC ) an ERC20 token backed 1:1 with Bitcoin</title>
<meta name="keywords" content="WBTC, Bitgo, Wrapped Bitcoin, ERC20 token, Bitgo, Cryptocurrency, Cryptocurrency exchange, Tokenization" />
<meta name="Description" content="Wrapped Bitcoin ( WBTC ) delivers the power of an ERC20 token! The first ERC20 token backed 1:1 with Bitcoin" />
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<header>
<nav class="navbar navbar-expand-md navbar-dark">
<a class="navbar-brand" href="#"><img src="assets/logo-wbtc.svg" alt="WBTC logo"></a>
<button class="navbar-toggler" type="button" data-toggle="collapse" data-target="#navbarCollapse" aria-controls="navbarCollapse"
aria-expanded="false" aria-label="Toggle navigation">
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<ul class="navbar-nav mt-2 mt-md-0">
<li class="nav-item active">
<a class="nav-link" href="#">What is WBTC<span class="sr-only">(current)</span></a>
</li>
<li class="nav-item">
<a class="nav-link" href="./partners.html">Partners</a>
</li>
</ul>
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</header>
<!-- Begin page content -->
<main role="main">
<div class="container-fluid">
<section class="intro row justify-content-center">
<div class="col col-md-10 col-lg-8 intro-text">
<h1>Do More With Your Bitcoin</h1>
<h2>Wrapped Bitcoin delivers the power of Bitcoin with the flexibility of an ERC20 token</h2>
<p>WBTC is the first ERC20 token backed 1:1 with Bitcoin.</p>
<button type="button" class="btn btn-primary" data-toggle="modal" data-target="#exampleModal">
Get Updates
</button>
</div>
<div class="hero-img">
<svg width="689px" height="729px" viewBox="0 0 689 729" version="1.1" xmlns="http://www.w3.org/2000/svg"
xmlns:xlink="http://www.w3.org/1999/xlink">
<title>WBTC Logo Background</title>
<g id="Designs" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd">
<g id="Home" transform="translate(-751.000000, -197.000000)" stroke="#ffffff" stroke-width="1.4">
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<g id="WBTC--Logo-Background" transform="translate(751.000000, 197.000000)">
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</div>
<div class="learn-more">
<div id="whyButton" class="learn-more-container">
<div>Find out more about WBTC</div>
<div><img src="assets/icon-arrow-down.svg"></div>
</div>
</div>
</section>
</div>
<div class="transition">
<div class="right-container">
<div class="right-side"></div>
</div>
<div class="left-container">
<div class="left-side"></div>
</div>
</div>
<section class="supported container-fluid">
<div class="row justify-content-center">
<div class="col-lg-8 col-md-12 supported-row">
<h1>Join The Community</h1>
<p>Starting January 2019</p>
</div>
<div class="col-lg-8 col-sm-12">
<div class="row justify-content-between imag-block-container">
<div class="image-block"><img src="assets/logo-kyber-network-grey.svg" alt="Kyber Network logo"></div>
<div class="image-block"><img src="assets/logo-airwsap-grey.svg" alt="Airswap logo"></div>
<div class="image-block"><img src="assets/logo-republic-protocol-grey.svg" alt="Republic Protocol logo"></div>
<div class="image-block"><img src="assets/logo-ddex-grey.svg" alt="DDEX logo"></div>
<div class="image-block"><img src="assets/logo-bitgo-grey.svg" alt="BitGo logo"></div>
<div class="image-block"><img src="assets/logo-kyber-swap-grey.svg" alt="Kyber Swap logo"></div>
<div class="image-block"><img src="assets/logo-hydro-grey.svg" alt="Hydro logo"></div>
<div class="image-block"><img src="assets/logo-set-protocol-grey.svg" alt="Set Protocol logo"></div>
<div class="image-block"><img src="assets/logo-compound-grey.svg" alt="Compound logo"></div>
<div class="image-block"><img src="assets/logo-makerdao-grey.svg" alt="Maker logo"></div>
<div class="image-block"><img src="assets/logo-dharma-grey.svg" alt="Dharma logo"></div>
<div class="image-block"><img src="assets/logo-prycto-grey.svg" alt="Prycto logo"></div>
<div class="image-block"><img src="assets/logo-idex-grey.svg" alt="IDEX logo"></div>
<div class="image-block"><img src="assets/logo-gnosis-grey.svg" alt="Gnosis logo"></div>
</div>
</div>
</div>
</section>
<section class="why-need container-fluid" id="whySection">
<div class="row justify-content-center">
<div class="col-lg-8 col-md-10 col-sm-12">
<h1>Why Do We Need WBTC?</h1>
</div>
<div class="col-md-12 col-xl-8">
<div class="row justify-content-center why-row align-items-center">
<div class="col-md-3 col-sm-12 text-center"><img src="assets/why-1-liquidity.svg" alt="Liquidity image"></div>
<div class="col-md-5 col-sm-12">
<p>WBTC brings greater liquidity to the Ethereum ecosystem including decentralized exchanges (DEXs) and financial applications. Today, the majority of trading volume takes place on centralized exchanges with Bitcoin. WBTC changes that, bringing Bitcoin’s liquidity to DEXs and making it possible to use Bitcoin for token trades.</p>
</div>
</div>
</div>
<div class="col-md-12 col-xl-8">
<div class="row justify-content-center why-row align-items-center">
<div class="col-md-3 col-sm-12 text-center text- order-md-2"><img src="assets/why-2-smart-contracts.svg" alt="Smart contracts image"></div>
<div class="col-md-5 col-sm-12">
<p>WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it
easier to write smart contracts that integrate Bitcoin transfers.</p>
</div>
</div>
</div>
<div class="col-md-12 col-xl-8">
<div class="row justify-content-center why-row align-items-center">
<div class="col-md-3 col-sm-12 text-center"><img src="assets/why-3-ethereum.svg" alt="Why ethereum image"></div>
<div class="col-md-5 col-sm-12">
<p>Maintaining various nodes and managing transaction types in order to support multiple currencies can be onerous. Now exchanges, wallets, and payment apps only need to handle the Ethereum node.</p>
</div>
</div>
</div>
</div>
</section>
<section class="how container-fluid" id="whatSection">
<div class="row justify-content-center">
<div class="col-lg-8 col-md-10 how-row">
<h1>How it works</h1>
</div>
<div class="col-sm-12">
<div class="row justify-content-center how-row">
<div class="col col-md-auto">
<div class="btn-group how-buttons" role="group" aria-label="Basic example">
<button type="button" class="btn btn-how selected" id="receiveButton">Receiving</button>
<button type="button" class="btn btn-how" id="mintingButton">Minting</button>
<button type="button" class="btn btn-how" id="burningButton">Burning</button>
</div>
</div>
</div>
</div>
<div class="col-sm-12 show how-content" id="receiveContent">
<div class="row justify-content-center how-row">
<div class="col-lg-6 col-md-8 col-sm-12">
<p class="how-text"><strong>To receive WBTC</strong>, a user requests tokens from a merchant. The
merchant then performs the required KYC / AML procedures and verifies the user’s identity. Once this is
completed, the user and merchant execute their swap, with Bitcoin from the user transferring to the
merchant, and WBTC from the merchant transferring to the user..</p>
<div class="how-diagram col-lg-12"><img src="assets/how-it-works-receiving.svg" alt="How receiving works diagram"></div>
</div>
</div>
</div>
<div class="col-md-12 how-content" id="mintingContent">
<div class="row justify-content-center how-row">
<div class="col-lg-6 col-md-8 col-sm-12">
<p class="how-text"><strong>Minting</strong> refers to the process of creating new wrapped tokens.
Minting in the wrapped framework is initiated by a merchant and performed by a custodian.</p>
<div class="how-diagram"><img src="assets/how-it-works-minting.svg" alt="How minting works diagram"></div>
</div>
</div>
</div>
<div class="col-md-12 how-content" id="burningContent">
<div class="row justify-content-center how-row">
<div class="col-lg-6 col-md-8 col-sm-12">
<p class="how-text"><strong>Burning</strong> is the action of redeeming Bitcoin for WBTC tokens, and only
merchant addresses can do this. The amount to be ‘burnt’ is deducted from the merchant’s WBTC balance
(on chain) and the supply of WBTC is then reduced.</p>
<div class="how-diagram"><img src="assets/how-it-works-burning.svg" alt="How burning works diagram"></div>
</div>
</div>
</div>
<div class="learn-more">
<div class="learn-more-container">
<a href="www.wbtc.network/assets/wrapped-tokens-whitepaper.pdf" download class="btn btn-primary">Download
the Whitepaper</a>
</div>
</div>
</div>
</section>
<section class="developed container-fluid">
<div class="row justify-content-center">
<div class="col-lg-8 col-md-10 developed-row">
<h1>Developed for Traders, Institutions, and Dapps</h1>
</div>
</div>
<div class="row justify-content-center">
<div class="col col-lg-8 col-md-10 col-sm-12">
<div id="carouselExampleControls" class="carousel slide" data-ride="carousel" data-interval="false">
<div class="carousel-inner">
<div class="carousel-item active">
<div class="carousel-content row">
<h2 class="col-lg-3 col-md-5 col-sm-12">Traders</h2>
<p class="col-lg-9 col-md-7 col-sm-12">Limited to ERC20 tokens, decentralized exchanges suffer from
low
trading volume and liquidity. With Wrapped BTC, users experience increased liquidity and
participation. The Ethereum network processes transactions faster than the Bitcoin network, but
Bitcoin holders don’t have to wait anymore. With WBTC, moving Bitcoin between exchanges is much
faster.</p>
</div>
</div>
<div class="carousel-item">
<div class="carousel-content row">
<h2 class="col-lg-4 col-md-5 col-sm-12">Institutions</h2>
<p class="col-lg-8 col-md-7 col-sm-12">Handling multiple cryptocurrencies across different nodes and
transaction formats is no longer a concern for decentralized application users like exchanges,
wallets, and payment services. WBTC combines the benefits of Ethereum and Bitcoin, making it simple
to handle the wrapped currency with only the Ethereum node.</p>
</div>
</div>
<div class="carousel-item">
<div class="carousel-content row">
<h2 class="col-lg-4 col-md-5 col-sm-12">Decentralized Applications (Dapps)</h2>
<p class="col-lg-8 col-md-7 col-sm-12">Decentralized applications can now leverage Bitcoin payments
in smart
contracts for lending protocols, funds, prediction markets, and token sales.</p>
</div>
</div>
</div>
<a class="carousel-control-prev" href="#carouselExampleControls" role="button" data-slide="prev">
<span class="carousel-control-prev-icon" aria-hidden="true"></span>
<span class="sr-only">Previous</span>
</a>
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<span class="carousel-control-next-icon" aria-hidden="true"></span>
<span class="sr-only">Next</span>
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</div>
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</section>
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<div class="right-container">
<div class="right-side"></div>
</div>
<div class="left-container">
<div class="left-side"></div>
</div>
</div>
</main>
<footer class="footer">
<div class="container-fluid">
<div class="row justify-content-center footer-row">
<div class="col col-md-4 footer-content">
<img src="assets/logo-wbtc.svg">
<p>Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin</p>
</div>
<div class="col col-md-2">
<div class="footer-link"><a id="whatIsButton">What is WBTC?</a></div>
<div class="footer-link"><a href="./partners.html">Partners</a></div>
</div>
<div class="col col-md-2">
<div class="footer-link"><a data-toggle="modal" data-target="#exampleModal">Contact us</a></div>
</div>
</div>
</div>
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<div class="modal fade" id="exampleModal" tabindex="-1" role="dialog" aria-labelledby="exampleModalLabel" aria-hidden="true">
<div class="modal-dialog" role="document">
<div class="modal-content">
<div class="modal-header">
<h3 class="modal-title" id="exampleModalLabel">Get more info on WBTC</h3>
<button type="button" class="close" data-dismiss="modal" aria-label="Close">
<span aria-hidden="true">×</span>
</button>
</div>
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method="post" id="mc-embedded-subscribe-form" name="mc-embedded-subscribe-form" class="validate" target="_blank"
novalidate>
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<label for="mce-FNAME">First Name </label>
<input type="text" value="" name="FNAME" class="form-control" id="mce-FNAME">
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<label for="mce-LNAME">Last Name </label>
<input type="text" value="" name="LNAME" class="form-control" id="mce-LNAME">
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<div class="form-row">
<div class="form-group col-md-6">
<label for="mce-EMAIL">Email Address <span class="asterisk">*</span>
</label>
<input type="email" value="" name="EMAIL" class="required email form-control" id="mce-EMAIL"
placeholder="required">
</div>
<div class="form-group col-md-6">
<label for="mce-COMPANY">Company </label>
<input type="text" value="" name="COMPANY" class="form-control" id="mce-COMPANY">
</div>
</div>
<div class="form-row">
<div class="form-group col-md-12">
<label for="mce-MESSAGE">Have a question?</label>
<textarea value="" name="MESSAGE" class="form-control" id="mce-MESSAGE" rows="3"></textarea>
</div>
</div>
<div id="mce-responses" class="clear">
<div class="response" id="mce-error-response" style="display:none"></div>
<div class="response" id="mce-success-response" style="display:none"></div>
</div>
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</div>
<div class="modal-footer">
<input type="submit" value="Keep me Informed" name="subscribe" id="mc-embedded-subscribe" class="btn btn-primary">
</div>
</form>
</div>
<script type='text/javascript' src='//s3.amazonaws.com/downloads.mailchimp.com/js/mc-validate.js'></script>
<script type='text/javascript'>(function ($) { window.fnames = new Array(); window.ftypes = new Array(); fnames[0] = 'EMAIL'; ftypes[0] = 'email'; fnames[1] = 'FNAME'; ftypes[1] = 'text'; fnames[2] = 'LNAME'; ftypes[2] = 'text'; fnames[5] = 'COMPANY'; ftypes[5] = 'text'; fnames[3] = 'ADDRESS'; ftypes[3] = 'address'; fnames[4] = 'PHONE'; ftypes[4] = 'phone'; fnames[6] = 'MESSAGE'; ftypes[6] = 'text'; }(jQuery)); var $mcj = jQuery.noConflict(true);</script>
</div>
</div>
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