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About TELEBTC

teleBTC is a fully decentralized wrapped Bitcoin asset on Polygon, powered by the TeleportDAO bridge, a light-client bridge between Bitcoin and Polygon. Users can move their BTC back and forth between Bitcoin and Polygon without relying on any centralized third party. Each teleBTC is backed by 1 native BTC plus 1.3 BTC value of MATIC, making it a highly secure wrapped asset. teleBTC enables users to utilize their BTC within the Polygon ecosystem. Additionally, we have built TeleSwap, a decentralized exchange for BTC, allowing users to exchange their BTC for other assets on Polygon by wrapping their BTC to teleBTC first.To ensure security, the protocol utilizes two techniques: requiring custodians to lock up collateral and monitoring their Bitcoin activity on the Polygon blockchain through a smart contract. Users can mint teleBTC by sending BTC to a custodian's Bitcoin address and submitting proof of payment onto the Polygon contract. Users can submit a burning request on the smart contract to burn their teleBTC and receive their BTC back on the Bitcoin blockchain. The TeleportDAO bridge provides access to the entire data of the Bitcoin blockchain on Polygon, enabling the monitoring of custodian activity.

teleBTC (TELEBTC) is a cryptocurrency launched in 2023. TELEBTC has a current supply of 0 with 0 in circulation. The last known price of TELEBTC is 852.42 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at http://teleswap.xyz/.

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TELEBTC Price Statistics
TELEBTC’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#4956
TELEBTC Market Cap
Market Cap
$0
Fully Diluted Market Cap
$17.90Bn
TELEBTC Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
TELEBTC Supply
Circulating Supply
0
Total Supply
0
Max Supply
21.00M
Updated Jan 08, 2024 4:30 pm
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TELEBTC
teleBTC
$852.42
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
El Salvador's Bitcoin Journey: Four Years of Mixed Outcomes
El Salvador's Bitcoin Journey: Four Years of Mixed Outcomes
According to Cointelegraph, El Salvador is marking the anniversary of its Bitcoin legal tender law, which took effect in September 2021, with celebrations dubbed "Bitcoin Day." The country's Bitcoin Office has highlighted its strategic reserve, which now holds 6,313 BTC, valued at over $702 million. Additionally, a new banking law has been introduced, allowing Bitcoin investment banks to cater to sophisticated investors. As of 2025, 80,000 public servants have received Bitcoin certification, and the nation hosts several public education programs focused on Bitcoin and artificial intelligence. Despite being the first country to adopt Bitcoin as legal tender and establish a strategic reserve, El Salvador has adjusted its Bitcoin policies to comply with a loan agreement with the International Monetary Fund (IMF). This four-year experiment has produced mixed results, leaving the Bitcoin community divided over the implications of nation-state-level Bitcoin adoption. In January, El Salvador's legislature repealed the Bitcoin legal tender law and agreed not to purchase additional Bitcoin using public funds as part of a $1.4 billion loan deal with the IMF. The government also scaled back support for its Chivo Bitcoin wallet, which saw limited use among residents. An IMF report published in July revealed that El Salvador has not acquired new Bitcoin since signing the loan agreement in December 2024, causing concern within the crypto community. The report included a letter of intent signed by El Salvador's central bank president, Douglas Pablo Rodríguez Fuentes, and minister of finance, Jerson Rogelio Posada Molina, confirming that the government's Bitcoin balance remains unchanged. El Salvador's Bitcoin policies have faced criticism from some Bitcoin advocates and non-government organizations, who argue that the policies benefit the government more than the average citizens of the Central American country. Critics emphasize the need for more educational initiatives to fully harness the advantages of Bitcoin, the world's first decentralized peer-to-peer electronic cash system, and to encourage adoption by the local population rather than just government agencies and international corporations.
Sep 08, 2025 5:13 am

Frequently Asked Questions

  • What is the all-time high price of teleBTC (TELEBTC)?

    The all-time high of TELEBTC was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of teleBTC (TELEBTC) is 0. The current price of TELEBTC is down 0% from its all-time high.

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  • How much teleBTC (TELEBTC) is there in circulation?

    As of , there is currently 0 TELEBTC in circulation. TELEBTC has a maximum supply of 21.00M.

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  • What is the market cap of teleBTC (TELEBTC)?

    The current market cap of TELEBTC is 0. It is calculated by multiplying the current supply of TELEBTC by its real-time market price of 852.42.

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  • What is the all-time low price of teleBTC (TELEBTC)?

    The all-time low of TELEBTC was 0 , from which the coin is now up 0%. The all-time low price of teleBTC (TELEBTC) is 0. The current price of TELEBTC is up 0% from its all-time low.

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  • Is teleBTC (TELEBTC) a good investment?

    teleBTC (TELEBTC) has a market capitalization of $0 and is ranked #4956 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze teleBTC (TELEBTC) price trends and patterns to find the best time to purchase TELEBTC.

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