Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows N/A.
Wrapped Bitcoin (WBTC) represents a tokenized rendition of Bitcoin (BTC) that operates on the Ethereum (ETH) blockchain. WBTC adheres to the ERC-20 standard, the fundamental compatibility protocol of the Ethereum blockchain, thereby enabling seamless integration into Ethereum's ecosystem of decentralized exchanges, cryptocurrency lending platforms, prediction markets, and other DeFi applications compatible with ERC-20 tokens. Furthermore, WBTC is collateralized by Bitcoin at a 1:1 ratio through a network of automatically monitored merchants and custodians. This mechanism ensures that WBTC's value remains pegged to that of Bitcoin at all times, facilitating decentralized and autonomous liquidity transfers between the Bitcoin and Ethereum networks. The announcement of Wrapped Bitcoin was initially made on October 26, 2018, and it was formally launched on January 31, 2019.
