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Side Protocol has launched its first incentive testnet, S2, which will implement a Bitcoin sidechain, Side Chain, with Bitcoin addresses, Bitcoin Connect functionality, and a native DEX.
#sideprotocol #buythedip #btc #bitcoin
#sideprotocol #buythedip #btc #bitcoin
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đWhat is the SIDE token? Bitcoin DeFi Side Protocol
đŠThe Side Protocol creates a financial platform for the Bitcoin network. The platform empowers the next generation of DeFi applications to thrive, centering around BTC.
đŞThe Side Protocol allows developers to create secure, high-performance decentralized applications. The project aims to bring billions of users globally into the market and help BTC become a widely used currency.
đŁSIDE token tokenomics
đToken Name: Side Protocol
đSymbol: SIDE
đBlockchain: Solana, Side Chain
đTotal Supply: 1,000,000,000 SIDE
đ˛Allocation
đ˛Ecosystem Reserve: 20%
đ˛Team: 18%
đ˛Public Sale: 15%
đ˛Private Sale: 13%
đ˛Liquidity: 7%
đ˛Genesis Drop: 10%
đThe Side Chain is a fully compatible scaling solution with Bitcoin, designed to enhance interoperability and reduce transaction fees on the Bitcoin blockchain.
âď¸The sBTC token is pegged at a 1:1 ratio with BTC on the Bitcoin mainnet. While the long-term vision of the Side Protocol focuses on leveraging the DLC framework to create dApps that minimize trust, sBTC introduces a threshold-based BTC bridging solution.
âŹď¸The project just introduced sBTC on December 11th. The first version of Side Bridge supports cross-chain transactions between BTC and all Runes. Users can now experiment with the feature on Side Hub and explore historical transactions on Side Station.
#Tintucbtc24hcom #SideProtocol #SIDE #sBTC
đŠThe Side Protocol creates a financial platform for the Bitcoin network. The platform empowers the next generation of DeFi applications to thrive, centering around BTC.
đŞThe Side Protocol allows developers to create secure, high-performance decentralized applications. The project aims to bring billions of users globally into the market and help BTC become a widely used currency.
đŁSIDE token tokenomics
đToken Name: Side Protocol
đSymbol: SIDE
đBlockchain: Solana, Side Chain
đTotal Supply: 1,000,000,000 SIDE
đ˛Allocation
đ˛Ecosystem Reserve: 20%
đ˛Team: 18%
đ˛Public Sale: 15%
đ˛Private Sale: 13%
đ˛Liquidity: 7%
đ˛Genesis Drop: 10%
đThe Side Chain is a fully compatible scaling solution with Bitcoin, designed to enhance interoperability and reduce transaction fees on the Bitcoin blockchain.
âď¸The sBTC token is pegged at a 1:1 ratio with BTC on the Bitcoin mainnet. While the long-term vision of the Side Protocol focuses on leveraging the DLC framework to create dApps that minimize trust, sBTC introduces a threshold-based BTC bridging solution.
âŹď¸The project just introduced sBTC on December 11th. The first version of Side Bridge supports cross-chain transactions between BTC and all Runes. Users can now experiment with the feature on Side Hub and explore historical transactions on Side Station.
#Tintucbtc24hcom #SideProtocol #SIDE #sBTC
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BTCFi: The next investment wave in the Bitcoin financial ecosystem
Over the past two years, the crypto industry has undergone tremendous changes, especially the Bitcoin ecosystem, which has shown new ecological characteristics. This is not only reflected in the emergence of the BTC Layer 2 network that carries TVL, but also in the BTC chain players who hope to obtain passive income, and the traditional compliant institutional groups that bought Bitcoin in large quantities after the Bitcoin spot ETF was approved, and gradually formed an ecosystem and infrastructure around these players and groups.
The popularity of the Bitcoin ecosystem has also driven the rapid development of the BTCFi ecosystem. By the end of 2024, the total market size of BTCFi will be close to US$50 billion, and the TVL of the Bitcoin network will be approximately US$2 billion (including Layer2 and side chains), accounting for only 0.1% of the total market value of Bitcoin, while Ethereum is 15.7% and Solana is 5.6%. Many institutions believe that BTCFi still has room for tenfold growth.
The popularity of the Bitcoin ecosystem has also driven the rapid development of the BTCFi ecosystem. By the end of 2024, the total market size of BTCFi will be close to US$50 billion, and the TVL of the Bitcoin network will be approximately US$2 billion (including Layer2 and side chains), accounting for only 0.1% of the total market value of Bitcoin, while Ethereum is 15.7% and Solana is 5.6%. Many institutions believe that BTCFi still has room for tenfold growth.
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