How to Get Free Testnet tgBTC Tokens?

TONX API is offering free testnet tgBTC to TON Global BTCFi hackathon participants. Here’s how to claim yours: https://forms.gle/CQWJgiF9kTW4prDw7

What is TON Teleport BTC (tgBTC)?

TON Teleport BTC is a trustless, decentralized bridge that brings Bitcoin directly into TON. TON Teleport BTC combines Bitcoin’s renowned security with TON’s speed and scalability.

TON Teleport BTC enables users to securely transfer BTC between the Bitcoin and TON networks without relying on central intermediaries.

More information you can refer to: https://tgbtc.gitbook.io/docs

Dapps can leverage tgBTC to come out use cases like:

• Liquidity: Market Impact Effectiveness in increasing tgBTC liquidity in decentralized and centralized marketplaces.
• Distribution: Ease of Adoption Solutions that reduce friction in tgBTC transactions, holding, and usage.
• Yield: DeFi Integration Innovative uses of tgBTC in farming, staking, and lending protocols.

How does it work for tgBTC?

1. Peg-in: Users transfer BTC to the TON network, where it is converted into an equivalent amount of tgBTC, a token fully pegged to the value of BTC.
2. Unlocking DeFi Potential: tgBTC can be used in various scenarios within the TON ecosystem, such as providing liquidity, staking, and lending. This gives otherwise static BTC assets more utility.
3. Redeem Anytime: Users can redeem tgBTC for native BTC at any time, ensuring quick and easy asset liquidity.

Through the TON network, tgBTC overcomes Bitcoin’s inherent issues of slow transaction speeds and high fees, enabling fast settlements and low-cost operations. These features make it an ideal choice for payment, DeFi, and NFT applications, while attracting more users and developers to the TON ecosystem.

What tgBTC api by TONX API offering?

• Get tgBTC Transfers: Get tgBTC jetton transfer transactions by source wallet or destination wallet
• Get tgBTC MetaData: Get tgBTC contract JSON metadata
• Get tgBTC Transfer Payload: Generate tgBTC jetton transfer internal message payload
• Get tgBTC Jetton Wallet Address By Owner Address: Get tgBTC jetton wallet address by the owner of that jetton wallet
• Get tgBTC Balance: Get the balance of tgBTC of the given owner address
• Get tgBTC Master Addresses: Get tgBTC master, teleport, and coordinator contract addresses.
• Get tgBTC Holders: : Get a list of tgBTC token holders from the TON blockchain.

tgBTC dapp example by TONX API

In this sample project, we aim to demonstrate: Retrieve tgBTC balance and send tgBTC on TestNet via a  web app.

1. Retrieve tgBTC balance
   • Connect a Testnet wallet using TonConnect.
   • Retrieve tgBTC balance.
2. Transfer tgBTC
   • Fill tgBTC Recipient Testnet Address
   • Fill Amount of tgBTC to send
   • Send tgBTC transactions to a destination account

Refer to this doc for detail implementation. https://docs.tonxapi.com/reference/build-your-tgbtc-dapp

Start to build your Dapp now!