Echo Protocol 

ECHO Price

What is the Echo Protocol token?

Echo Protocol is a BTCfi infrastructure protocol built on Aptos that aggregates Bitcoin liquidity into the Move ecosystem. The product suite covers cross-chain BTC bridging, aBTC — a liquid restaking token backed 1:1 by BTC assets — Echo Vault yield vaults, Echo Fuel liquidity incentives, and leveraged BTC strategies. Per the Aptos Foundation ecosystem directory, Echo Protocol has been the dominant channel for BTC bridged to Aptos. ECHO is the protocol's utility token.

How does Bitcoin liquid restaking work on Echo Protocol?

aBTC is Echo Protocol's liquid restaking token, backed 1:1 by BTC assets deposited through the protocol's bridge. Holders receive aBTC as a claim on restaked Bitcoin and deploy it as collateral across Aptos DeFi, including lending markets and DEXs. Echo Vault accepts BTCB, WBTC, FBTC, MBTC, and LBTC as deposit assets, and Echo Fuel incentives aBTC liquidity on Aptos DEXs such as Thala and Liquidswap. Bitcoin holders keep BTC exposure while earning yield inside the Move ecosystem.

What is ECHO's maximum supply and token allocation?

Per DropsTab data, ECHO's maximum supply is capped at 1,000,000,000 tokens. The largest allocations are Ecosystem & Community Incentives at 34.5% (345M) and Team & Advisors at 25% (250M). The Initial Airdrop accounts for 7% (70M) and Investors for 6.6% (66M). Utility centers on staking or locking ECHO for 1 to 365 days, which boosts Echo Fuel reward multipliers — a 100% LP-to-ECHO ratio yields a 10x boost.

How does ECHO's token unlock schedule create sell pressure?

ECHO vesting concentrates sell pressure in recurring monthly unlocks. The token generation event took place on July 2, 2025, releasing the full 70M airdrop plus a 28.3M liquidity tranche. Unlocks recur on the 2nd of each month from four buckets simultaneously. The Investors bucket began unlocking in January 2026 after a 6-month cliff, and the 25% Team & Advisors allocation started emitting in July 2026 after a 12-month cliff — the largest single overhang. Combined Team and Investor allocations total 31.6% of supply.

Which investors backed Echo Protocol?

Echo Protocol raised a pre-seed round announced on October 21, 2024; the raise amount and valuation are not publicly disclosed. Per DropsTab data, 13 backers participated, including The Spartan Group, Selini Capital, ABCDE Capital, Presto Labs, Auros Global, and Movement. Aptos joined as a strategic network backer, and angel participants include Arthur Hayes via Maelstrom and Jordi Alexander.

What does Echo Protocol's fundraising signal about the project's maturity?

The backer mix signals ecosystem alignment rather than a deep war chest. Aptos itself invested, and the Aptos Foundation ecosystem directory lists Echo Protocol as the dominant channel for BTC bridged to Aptos. The Spartan Group and Selini Capital carry Tier 2 ratings per DropsTab data. Disclosed investor concentration is limited — the Investors allocation is 6.6% of supply, and no single disclosed investor exceeds that bucket.

How did users qualify for the ECHO airdrop?

Echo Protocol's airdrop rewarded past protocol activity. The Echo Points program awarded points for bridging BTC, staking, and providing aBTC liquidity; accumulated points fed the Initial Airdrop of 70M ECHO — 7% of supply — distributed at the token generation event on July 2, 2025. An earlier whitelist, the "Be an Echo Neko" waitlist, ran from October 21 to November 4, 2024 and restricted the first public vault opening on October 28, 2024 to whitelisted users. Both campaigns have ended.

Where can you buy the ECHO token?

ECHO trades on the spot markets of KuCoin and Gate, both in ECHO/USDT pairs listed on July 2, 2025 — KuCoin as a "world premiere" with an opening auction. No derivative venues track ECHO, and on-chain liquidity is effectively unavailable: the ECHO/APT pool on the Aptos DEX Hyperion carries negligible depth. Exit liquidity therefore depends on multiple mid-tier centralized venues — a material liquidity constraint for larger positions.

Is ECHO the same token as the Echo fundraising platform?

No. ECHO on Aptos is the utility token of Echo Protocol, a BTCfi infrastructure protocol. The fundraising platform Echo, founded by Cobie and later acquired by Coinbase, has never issued a token, and a separate, unrelated ECHO token exists on Solana. Copycat tokens impersonating Echo Protocol also circulate. Verify any purchase by chain — Aptos — and the official contract address, never by ticker alone.

Has Echo Protocol been hacked?

Yes. On May 18, 2026, an attacker used a compromised admin key to mint 1,000 eBTC — roughly $76.7M — without BTC backing on Echo Protocol's Monad deployment. About 45 eBTC were used as collateral to borrow roughly $868K in WBTC. The team regained the key and burned the remaining 955 eBTC, so realized losses were a small fraction of the headline mint. The incident exposed admin-key centralization risk in the bridge and token infrastructure.