Howells Don Launch DeFi Token Wey Represent Lost 8,000 BTC
British engineer James Howells don for jandon plans wey e get to dig one landfill for Newport to find 8,000 lost BTC dem. Instead, e launch one new DeFi token for Bitcoin layer-2 network. The DeFi token supply dey match the original wallet balance, e lock the coins inside one unchangeable vault, but the holders never get any claim for the actual money inside. After UK courts reject excavation permits and token money don stop come, Howells dey use story value pass actual recovery. Critics dey call am memecoin because claim no too strong. Howells sef sell adaptation rights for the docuseries “The Buried Bitcoin.” This move show new ideas for tokenization and wahala wey fit happen with self-custody for decentralized finance.
Neutral
By exchangin di excavation plan for new DeFi token, dis news get small direct impact on BTC price. For short time, traders no fit change dia position, becos di token no unlock real BTC and people dey doubt am as memecoin. For long run, Howells move show bigger trend for tokenization and self-custody model for layer-2 networks but e no affect Bitcoin supply or fundamentals. Overall, di net market effect on BTC remain neutral.