TON Teleport BTC testnet is online, TON is actively unlocking the potential of BTC! 🚀🚀🚀

TON Teleport BTC is an innovative feature launched by #TON to seamlessly integrate BTC into the TON blockchain. Through this system, Bitcoin users can convert BTC to tgBTC and trade securely in the TON ecosystem. Users use synthetic tokens tgBTC to achieve trustless third-party transfer of BTC assets to the TON blockchain!

🌟How TON Teleport BTC works

1⃣BTC holders transfer their Bitcoin to the TON network and convert it to tgBTC, a token that fully represents BTC in the TON ecosystem.

2⃣Once transferred, tgBTC can be used for liquidity mining, lending, and other DeFi activities, bringing active use cases to BTC assets that were originally illiquid.

3⃣When users decide to transfer back to Bitcoin, they only need to unlock and easily convert tgBTC back to native BTC.