Tried rSPCX on @bitget over the weekend and noticed something weird, I could actually place an order even though Nasdaq was closed.
Turns out that's the whole point. rToken isn't just tracking a price from a closed market, it's backed 1:1 by real shares Bitget holds through their broker setup, and they publish proof of reserves daily so you're not just trusting a number on a screen. That's why the weekend book actually works, there's real backing behind it, not a guess at what the price "should" be. Compare that to most tokenized stock products I've tried, they basically go quiet the second the real market closes. This one doesn't. Also used rSPCX as margin for a separate crypto trade. Didn't feel like a hack or workaround, just felt like normal use of an asset that's actually backed. Haven't pushed real size through the weekend book yet to see how thin liquidity gets, that's next. But the fact that it works at all on a Saturday is the part most people are sleeping on. #BitgetrTokenChallenge #Bitget #rToken
Tried rSPCX on @bitget over the weekend and noticed something weird, I could actually place an order even though Nasdaq was closed.
Turns out that's the whole point. rToken isn't just tracking a price from a closed market, it's backed 1:1 by real shares Bitget holds through their broker setup, and they publish proof of reserves daily so you're not just trusting a number on a screen. That's why the weekend book actually works, there's real backing behind it, not a guess at what the price "should" be.
Compare that to most tokenized stock products I've tried, they basically go quiet the second the real market closes. This one doesn't.
Also used rSPCX as margin for a separate crypto trade. Didn't feel like a hack or workaround, just felt like normal use of an asset that's actually backed.
Haven't pushed real size through the weekend book yet to see how thin liquidity gets, that's next. But the fact that it works at all on a Saturday is the part most people are sleeping on.
#BitgetrTokenChallenge #Bitget #rToken