Kirill Kvashev

imBTC is an ERC777 token-backed 1:1 with Bitcoin, issued and regulated by Tokenlon. Tokenlon supports imBTC exchange and you get interest by holding imBTC (interest from Tokenlon's imBTC exchange fee sharing).

imBTC is not a freely issued token, but is generated by locking an identical amount in BTC. Completely transparent and 100% verifiable.

Transfer real BTC to Tokenlon's multi-signature account to lock BTC and to get the same amount of imBTC. the locked BTC by sending back the imBTC. This approach ensures an accurate 1:1 relationship between imBTC and BTC, while the transparency of the blockchain lets you track and verify the process.

BTC will be stored in Tokenlon's cold wallet, and the cold wallet will ensure the security of BTC assets.

The liquidity of imBTC is reflected in two points below:

1. Users can redeem their BTC anytime through imBTC

2. Tokenlon can support imBTC trading pairs always, and users can exchange imBTC for other digital assets at anytime

In order to compensate for the liquidity loss of your BTC after purchasing imBTC, Tokenlon will pay your imBTC interest from the two sources of income:

1. Fees paid by Tokenlon users for purchasing imBTC

2. Handling fees paid by users for redemption of BTC

Payment will start at 100% of the platform fee as stated above. Then it will be halved every year, that is:

100% platform income will be sent to you for your imBTC holding interest in the first year

50% platform income will be sent to you for your imBTC holding interest in the 2nd year

25% platform income will be sent to you for your imBTC holding interest in the 3rd year

12.5% platform income will be sent to you for your imBTC holding interest in the 4th year