#DeFiGetsGraded How will the introduction or influence of t | User pratik on Binance Square

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#DeFiGetsGraded How will the introduction or influence of traditional credit ratings affect the fundamental decentralized principles of DeFi? Will the integration of such centralized factors help DeFi gain more trust and wider adoption from organizations, or could it risk undermining decentralization and raise concerns about centralization?

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Binance Introduces 30 Million BTR in Initial Phase The Bitlayer Booster Program introduces a total of 30 million BTR tokens, equivalent to 3% of its supply. This initial phase targets users holding 61 or more Binance Alpha Points within their wallets. The program aims to leverage Bitcoin's Layer 2 using BitVM to enhance decentralized finance activities. As of now, the event does not immediately list the BTR tokens publicly, awaiting a token generation event (TGE). Participants anticipate future liquidity as the project matures, offering early engagement opportunities and highlighting cryptocurrency community interest in Bitcoin-based smart contracts. Bitcoin Layer 2 Integration Boosts DeFi Prospects Did you know? Many early-stage protocols, similar to Bitlayer, initiate token vesting events like the Bitlayer Booster to engage early users. This strategy often mimics successful rollouts seen with Arbitrum and zkSync. CoinMarketCap reports Bitrue Coin's current price at $0.04, with a market cap of $4,923,037.56. Recent trading shows a 24-hour volume of $860,319.21, reflecting a 6.93% decrease. Price changes indicate a 1.79% drop over 24 hours but a 10.45% increase spanning 90 days. The circulating supply stands at 131,421,228 units. Key Points: Binance launches Bitlayer Booster Program with 30 million BTR tokens. First phase targets users with at least 61 Alpha Points. Event aims to enhance smart contracts on Bitcoin's Layer 2. Binance Wallet launched the Bitlayer Booster Program on July 24, 2025, allocating 30 million BTR tokens to incentivize participation among users with at least 61 Alpha Points. #Bitlayer #Bitlayerlabs #Binance #BinanceSquareFamily #BinanceVietnamSquare

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