Bitlayer’s native token, $BTR, has a fixed supply of 1 billion and is built to fuel ecosystem growth and decentralize decision-making. Official docs position BTR mainly as an incentives vehicle and a governance token: it rewards builders, users, and partners, while giving holders voting rights over protocol proposals and parameter changes.
Token Sale (CoinList): A public fixed-price sale was announced on CoinList (July 31 – Aug 7, 2025), offering up to 2% of supply (20 million BTR) at $0.15–$0.20 per token. The sale notably opened to U.S. accredited investors — positioned as a more inclusive step for a Bitcoin-layer project — with proceeds (up to ~$4M) intended to support the launch and community growth. Subsequent distributions follow a planned schedule to align stakeholder incentives.
Lockup & Distribution: The sale structure favors long-term supporters: purchasers who accept vesting receive a lower effective price, while fully unlocked tokens cost more. Both public sale price tiers sit below prior private round valuations, giving early community buyers preferential terms. Planned airdrops and campaign rewards will further spread tokens among active users.
Ecosystem Rewards: Bitlayer ran engagement campaigns across 2024–2025 (e.g., “Lucky Helmet,” “Ready Player One,” “Mining Gala,” “BTCFi Carnival”) where participants earned points/gems redeemable for BTR airdrops. These gamified initiatives — including social, testnet, and gaming tasks — are designed to grow the user base and reward top contributors.
In short, BTR’s design emphasizes community distribution, incentives for builders and users, and token-driven governance to steward the Bitcoin Layer-2 ecosystem.