What is Bitance?

Bitance is a decentralized stablecoin protocol that enables users to mint and redeem a US dollar-pegged stablecoin, BUSDX, by locking up collateral in the form of WBTC (Wrapped Bitcoin), BNB (Binance Coin), and USDT (BEP-20) tokens. It operates entirely on-chain and utilizes a transparent overcollateralized minting mechanism to ensure system solvency and asset backing at all times.

The Bitance ecosystem is built around two native tokens:

• BUSDX – A stablecoin pegged 1:1 to the US dollar, minted through overcollateralized deposits. It is designed to be a censorship-resistant store of value and a medium of exchange within DeFi protocols, DEXs, lending platforms, and payment systems.

• BTNC – The governance token of the protocol. BTNC holders can propose, vote on, and execute changes to the Bitance protocol, including risk parameters, collateral onboarding, fee structures, and future integrations.

Key attributes of Bitance include:

• Fully On-Chain: All minting, redemption, collateral management, and governance functions are executed via immutable smart contracts.

• Overcollateralized Design: Users must lock in at least 150% of the desired BUSDX value in approved collateral assets.

• Liquidation Protection: Automated health factor tracking and collateral liquidation prevent systemic risk.

• Community-Governed: Protocol upgrades and economic decisions are managed by the decentralized BTNC holder base.

By combining decentralization, stability, and composability, Bitance offers a robust financial primitive for the broader BNB ecosystem and the growing cross-chain economy.