BitoPro, the cryptocurrency exchange under BitoEX (BitoEX), has launched a groundbreaking crypto tokenization service called TTCode today. This innovative solution transforms cryptographic keys into secure, one-time-use codes—mirroring the tokenization technology used by credit cards to protect sensitive data.
How TTCode Enhances Crypto Security
- Digital Checks Concept: TTCode acts like a digital check, creating a verifiable proof of transaction that only the designated recipient can redeem.
- Reduced Fraud Risk: By replacing raw key transfers with time-sensitive codes, TTCode mitigates risks in OTC (over-the-counter) trading, where scams are prevalent.
- Multi-Step Verification: Recipients can validate the cryptocurrency type and amount before redeeming with a unique verification key.
👉 Discover how TTCode revolutionizes crypto transactions
Solving OTC Trading Pain Points
CEO Cheng Kuang-tai highlights Taiwan’s OTC market as 10–20x larger than exchange trading volumes—but plagued by trust issues. Traditional methods lack:
- Transparency: Recipients couldn’t verify assets before receiving them.
- Recourse: Scammers exploited irreversible crypto transfers.
TTCode addresses these by:
- Enabling pre-redemption checks.
- Restricting redemption to designated parties.
Beyond Trading: Enterprise Applications
TTCode isn’t just for traders. Enterprises are adopting it for:
- Loyalty Programs: Example: Hami Point users convert rewards into fixed-denomination TTCodes redeemable for BTC.
- Digital Gift Cards: Multi-purpose use across supported cryptocurrencies.
- API Integration: Future plans allow third-party platforms to integrate TTCode for broader ecosystem security.
Pricing Structure
- Free for the first month (requires BITO tokens afterward).
- Fiat Support: Limited to KYC-verified members.
FAQs
Q: Is TTCode available for all cryptocurrencies?
A: Yes, any asset listed on BitoPro can be tokenized.
Q: How does TTCode prevent scams?
A: By allowing recipients to verify details pre-redemption and restricting access to authorized users.
Q: Can businesses customize redemption options?
A: Absolutely—enterprises choose supported crypto assets based on their needs.
👉 Explore BitoPro’s secure trading solutions
Market Impact
With 50,000 members since its March launch, BitoPro continues to innovate—bridging gaps between traditional finance and crypto through solutions like TTCode and its BITO token ecosystem.