#bstockscis @BinanceCIS
đ Today, letâs take a look behind the scenes at bStocks $SPCXB
I decided to dive deeper specifically into the technical side of bStocks đ So whatâs actually behind the âBuyâ button?
bStocks work as BEP-20 tokens on the BNB Smart Chain, and each token is backed 1:1 by a corresponding real share that is held with a regulated custodian đ
Shares on the platform can be accounted for up to 9 decimal places, while bStocksâup to 8. This makes it possible to work even with very small fractional positions.
Another pointâProof of Collateral. Binance states that the collateral backing bStocks can be verified, and conversion between the corresponding shares and bStocks happens at a 1:1 ratio with no conversion fee đ
Since bStocks are BEP-20 tokens, they can be withdrawn to a compatible BNB Smart Chain wallet for self-custody đ And thanks to compatibility with DeFi, tokenized assets can be used in mechanisms such as lending and staking.
If we simplify the whole setup:
real share â custodial storage â 1:1 backing â bStock â BNB Smart Chain â self-custody â DeFi.
And I think that exact link shows the main feature of bStocks: a traditional financial asset gains blockchain infrastructure, fractional ownership, and the ability to interact with Web3 đ
đ Today, letâs take a look behind the scenes at bStocks $SPCXB
I decided to dive deeper specifically into the technical side of bStocks đ So whatâs actually behind the âBuyâ button?
bStocks work as BEP-20 tokens on the BNB Smart Chain, and each token is backed 1:1 by a corresponding real share that is held with a regulated custodian đ
Shares on the platform can be accounted for up to 9 decimal places, while bStocksâup to 8. This makes it possible to work even with very small fractional positions.
Another pointâProof of Collateral. Binance states that the collateral backing bStocks can be verified, and conversion between the corresponding shares and bStocks happens at a 1:1 ratio with no conversion fee đ
Since bStocks are BEP-20 tokens, they can be withdrawn to a compatible BNB Smart Chain wallet for self-custody đ And thanks to compatibility with DeFi, tokenized assets can be used in mechanisms such as lending and staking.
If we simplify the whole setup:
real share â custodial storage â 1:1 backing â bStock â BNB Smart Chain â self-custody â DeFi.
And I think that exact link shows the main feature of bStocks: a traditional financial asset gains blockchain infrastructure, fractional ownership, and the ability to interact with Web3 đ
