Satoshi - Measure in sats, own more Bitcoin

What are "sats"?

A "sat" (short for satoshi) is the smallest unit of Bitcoin, named after Bitcoin's pseudonymous creator, Satoshi Nakamoto.

                    1 Bitcoin = 100,000,000 sats

                    1 sat = 1×10⁻⁸ BTC

Instead of thinking in confusing scientific notation like 1×10⁻⁵ BTC, you can think in whole numbers like 1,000 sats. This makes tracking your Bitcoin growth more intuitive and motivating!

Why Satoshi Tokens?

🔢 Big‑number clarity

Display balances in sats to make progress obvious and motivating
See 100,000 sats instead of 1×10⁻³ BTC
Track growth with whole numbers, not scientific notation
Psychology of abundance drives engagement

₿ Bitcoin‑native integrity

Fully backed with on‑chain, verifiable reserves
1:1 redeemability with tBTC at any time
Secured by immutable smart contract
No trust required - verify everything on-chain

⚡ Instant utility

Fast transfers with low fees
Broad wallet compatibility on Solana
Perfect for DeFi applications
Seamless integration with existing tools

How it Works

Deposit tBTC to mint tSAT

Swap your tBTC tokens for tSAT tokens at a fixed 1:100,000,000 ratio. Every tSAT represents one satoshi of Bitcoin.

Transfer tSATs to anyone

Send tSAT tokens to any Solana wallet with fast, low-cost transactions. Perfect for payments, DeFi, or holding.

Redeem tSATs for tBTC

Convert your tSATs back to tBTC any time from locked reserves with guaranteed 1:1 backing.

Backing and Reserves

Every Satoshi token represents one satoshi of Bitcoin and is fully collateralized by Threshold Network's tBTC reserves. The backing is secured through an immutable smart contract framework with the following key features:

🔒 Custody

Held by a smart contract with fixed rules
No human intervention possible
Immutable contract logic
Transparent and verifiable

🔍 Anyone can Audit

All transactions are public on Solana
Real-time reserve verification
Open-source smart contracts
Community-driven oversight

📊 Token Mechanics

Fixed 100,000,000 tSAT = 1 tBTC ratio
Maximum supply: 21T tSAT (210,000 BTC equivalent)
Only 1% of all Bitcoin can become tSAT
Market forces will balance supply and demand

Security Features

The tSAT protocol implements multiple layers of security:

Governance-controlled upgrade authority: Managed by multi-signature address with transparent upgrade process
Fixed Ratio Trading integration: Locked liquidity ensures 1:1 redeemability
Burned LP tokens: All liquidity provider tokens have been permanently destroyed, locking the reserves
Open-source verification: All code is publicly available on GitHub

Proof‑of‑Reserves

All tSAT tokens are verifiably backed by tBTC reserves locked in the Fixed Ratio Trading smart contract. Here's the complete transaction history:

1. Token Mint (21,000,000,000,000 tSAT created)

Initial minting of all tSAT tokens with maximum supply cap.

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2. Tokens Locked in Fixed Ratio Trading Contract

All 21T tSAT tokens transferred to Fixed Ratio Trading smart contract, receiving LP tokens in return.

2iW5itDKKr3B9NU2WjqBtMMhG6EWLqFwnFTDhCzWsPfzmS85zSKhWBX4DxyXzksR8G31LEfZkcSAGr9YJDJCwc9K

3. LP Tokens Permanently Burned

All liquidity provider tokens burned, permanently locking tSAT tokens in the contract unless someone trades tBTC for them.

PtHnPnFotbY1EJbQdY3gGcgmqJaXj6ewXPhZkTmMAvyxiq95BgBeVv6vk9ma4b6bFPszMGUUNjKhSF27WCNrU1k

4. Upgrade Authority Transferred to Multi-Sig

Token upgrade authority transferred to multi-signature address ensuring transparent governance and planned upgrades.

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Fixed Ratio Trading is open source: https://github.com/Fixed-Asset-Ratio-Trading

Frequently Asked Questions

Why does tSAT show a high Fully Diluted Valuation (FDV)?

The full story: tSAT was created with a maximum supply of 21 trillion tokens (equivalent to 210,000 BTC or 1% of Bitcoin's total supply). All 21T tokens were minted at genesis and locked in the Fixed Ratio Trading smart contract.

FDV vs Market Cap:

Fully Diluted Valuation (FDV): 21 trillion tokens × current price = $24.6 billion
Actual Market Cap: ~80 million tokens × current price = ~$96,000

Why the difference? Only 0.0004% of the total supply is currently in circulation! The vast majority (over 99.99%) remains locked in the FRT smart contract as backing reserves. tSAT only enters circulation when users deposit tBTC to mint it.

Real Market Value: The actual market cap reflects only the circulating supply that's actively being traded. As adoption grows and more users mint tSAT, the circulating supply (and real market cap) will increase organically based on demand.

Check the live data above to see current circulating supply and real market cap.

What backs Satoshi tokens?

Every tSAT token is backed 1:1 by Threshold Network's tBTC, which itself is backed 1:1 by Bitcoin. The backing is held in an immutable smart contract with verifiable on-chain reserves that anyone can audit in real-time.

How fast can I redeem tSAT for tBTC?

Redemption is instant through the Fixed Ratio Trading protocol. Simply swap your tSAT tokens for tBTC at the guaranteed 1:100,000,000 ratio whenever liquidity is available in the pool.

Are returns promised?

No—tSAT is a fully backed utility token, not a yield product. It maintains a 1:1 peg with Bitcoin satoshis and does not promise any returns beyond Bitcoin's natural price movements.

There are only 1% of all Bitcoin can become tSAT - what happens after that?

The maximum supply is capped at 21 trillion tSAT (equivalent to 210,000 BTC or 1% of Bitcoin's total supply). Once this limit is reached, no new tSAT can be minted. Market forces will balance supply and demand through price discovery.

How do I verify the reserves?

All reserves are verifiable on-chain. You can check the Fixed Ratio Trading pool at any time to see exactly how much tBTC backs the circulating tSAT supply. The smart contract code is open source and auditable by anyone.

What are the fees?

Trading tSAT through the Fixed Ratio Trading protocol currently has 0% pool fees (governance-controlled). You only pay standard Solana network fees for transactions, which are typically fractions of a cent.