#Bitlayer
The Bitlayer token, known as BTR, is the native utility and governance token of the Bitlayer ecosystem, which operates as a Bitcoin Layer 2 network leveraging BitVM and rollup technology for high-security and scalable smart contracts. Here are the key details:
Symbol: BTR
Total Supply: 1 billion tokens
Primary Uses:
Ecosystem Incentives: BTR rewards active developers, users, and partners.
Governance: Holders participate in crucial on-chain decisions such as upgrades, fee structures, and parameter adjustments.
Staking & Node Voting: BTR holders can stake their tokens to help secure the network and participate in node governance (delegation mechanism, fee switch, and staking rewards).
Tokenomics:
Initial Sale Price: $0.20 in the July–August 2025 ICO.
Public Sale: 2% of total supply (20,000,000 BTR) sold with 100% unlock at Token Generation Event.
Backers: Polychain Capital, OKX Ventures, Franklin Templeton, Framework Ventures, and others.