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https://satoshi15.com/

Introduction
The world of blockchain is rapidly evolving, and with it comes new innovations that connect major ecosystems. One such project is Satoshi (tSAT) — a Bitcoin-backed token built on the Solana blockchain.

The project’s goal is simple yet ambitious: make Bitcoin more usable, faster, and accessible, one satoshi at a time.


What Is Satoshi (tSAT)?
Satoshi (tSAT) is a Solana-native token that represents one satoshi (1/100,000,000 of a Bitcoin). Every tSAT is backed 1:1 with tBTC, which itself is a wrapped version of Bitcoin on the Threshold Network.

The main idea behind tSAT is to let users experience Bitcoin ownership and DeFi benefits simultaneously — using Solana’s speed and low transaction costs.

How Does It Work?
1. Minting: Users deposit tBTC to mint tSAT through the Fixed Ratio Trading smart contract at a constant rate of 1 BTC = 100,000,000 tSAT.

2. Transferring: Once minted, tSAT can be sent, swapped, or used in DeFi applications on Solana.

3. Redeeming: tSAT can be redeemed back into tBTC anytime through the same contract, ensuring convertibility.

This mechanism ensures that tSAT maintains its peg with Bitcoin, while operating on the faster Solana blockchain.


Key Features
• 1:1 Bitcoin Backing: Fully backed by tBTC reserves managed through Threshold Network.

• On-Chain Proof-of-Reserves: All reserve addresses and transactions are publicly verifiable on Solscan.

• No Transfer Fees: Only Solana’s minimal network fees apply.

• Immutable Contracts: Liquidity provider (LP) tokens are burned to lock reserves permanently.

• Transparent Governance: Controlled by a multi-signature wallet for security.


Tokenomics Overview
• Total Supply: 21 trillion tSAT (representing 210,000 BTC).

• Fixed Ratio: 100,000,000 tSAT = 1 tBTC = 1 BTC (via threshold peg).

• Circulating Supply: Only a small percentage of the total supply is currently active.

• Network: Solana Blockchain.

• Contract Address: tSATdGGSLYBVCrm3pXiib8NmzKcB1iUdjRRseNGssxu (verify on Solscan).


Why Use tSAT?

• Psychological Simplicity: Instead of 0.001 BTC, users see 100,000 sats — easier to track and understand.

• DeFi Compatibility: Integrates with major Solana platforms like Raydium, Jupiter, and Phantom Wallet.

• Instant, Low-Cost Transactions: Solana’s high throughput enables faster transfers at fractions of a cent.

• Accessible Bitcoin Exposure: Brings Bitcoin liquidity into Solana’s growing ecosystem.


Proof of Reserves

tSAT emphasizes transparency:

• All minting, locking, and burning events are recorded publicly.

• Reserves are verifiable on-chain via Solscan.

• Multi-sig governance ensures funds cannot be altered arbitrarily.


This transparency is designed to build trust among users and ensure a real 1:1 peg between tSAT and Bitcoin.


Potential Risks and Concerns


While tSAT’s model is impressive, investors should still consider:


1. Dependence on tBTC: The peg’s stability relies on Threshold Network’s tBTC bridge.


2. Audit Verification: Always confirm third-party security audits and open-source code.


3. Market Liquidity: Check DEX liquidity before large trades — low liquidity can cause price slippage.


4. Speculative Nature: Like any crypto, prices may fluctuate rapidly; exercise caution.


5. Regulatory & Shariah Considerations: Depending on your beliefs, ensure it meets financial and ethical standards before investing