PANews reports on June 5th that according to official sources, OKX will officially launch the xBTC Learn and Earn activity on June 5th, 2025 at 16:00 (UTC+8). Participating users will have the opportunity to gain in-depth understanding of xBTC's application scenarios in the APT ecosystem and earn APT rewards by staking BTC. Users can participate through the exploration section of the OKX App, with a total prize pool of 13,158 APT tokens, available on a first-come, first-served basis.
It is understood that xBTC is a wrapped Bitcoin issued by OKX, strictly adhering to a 1:1 reserve mechanism. Users can withdraw BTC from the exchange to the target chain and receive equivalent xBTC, or deposit xBTC back to the exchange from the target chain and exchange it for BTC.
