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Polkadot Explores Bitcoin Reserve Plans Converting 500,000 DOT Tokens

Polkadot is exploring its own Bitcoin reserve, with a new proposal making rounds that aims to convert 500,000 DOT tokens into tBTC, an Ethereum-based Bitcoin-backed ERC-20 token. The proposal aims to implement Hydration’s “rolling DCA” mechanism and accumulate BTC over the course of the next year. The DOT community has given mixed reactions to this

The post Polkadot Explores Bitcoin Reserve Plans Converting 500,000 DOT Tokens appeared first on CoinGape.

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