OKX Wallet launches xBTC related activities, with a total reward of 35,865 APT in the first phase

Odaily Planet Daily News According to official news, the first phase of xBTC is now online on Aptos, and a series of related activities have been launched. From 15:00 (UTC+8) on May 28, users who deposit xBTC, USDC or APT in Aries Markets, Echo Protocol or Hyperion can participate in the sharing of 35,865 APT rewards. This series of activities will last for 6 months, with a total prize pool of 3.4 million US dollars worth of tokens. It is reported that xBTC is a packaged Bitcoin issued by OKX, which strictly follows the 1:1 reserve mechanism. Users can withdraw BTC from the exchange to the target chain and obtain the equivalent of xBTC; they can also recharge xBTC back to the exchange through the target chain and exchange it for BTC. The platform verifies asset transparency in real time through on-chain proof of reserves (PoR) to further ensure the security of user assets.