XCC is positioned as a supporting mechanism to XCLAIM, a protocol which acts as the foundational layer for Interlay’s Bitcoin one-to-one backed asset interBTC.
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In the last two years, cryptocurrencies’ distribution events have enabled decentralized platform developers to put up a significant portion of their tokens for investors at a discounted rate. The proceedings from the distribution events are used in development of the platform itself. Disclosure: This is a Sponsored Article The investors are attracted due to the potential of the tokens or coins gaining value over a period of time. The substantial increase in the market cap of the crypto-sphere within the last year, combined with a largely unregulated field has given people with malicious intent an unprecedented opportunity to cash in
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