Bitlayer will issue the BTR Token in the first public offering (TGE), opening up investment opportunities in the project's ecosystem.
The BTR Token plays a governance role in the Bitlayer network, supporting staking, node voting, and fee distribution. The listing event is expected to take place on Binance Alpha and Binance Futures on August 27.
MAIN CONTENT
The total supply of BTR is 1 billion, with an initial circulation of 261.6 million (26.16%).
BTR is issued on the Bitlayer network, supporting cross-chain interaction via Ethereum and BNB Smart Chain.
BTR is used for governance, staking, fee distribution and has a detailed distribution plan for each group.
What is Bitlayer and what role does the BTR Token play in the ecosystem?
Bitlayer develops a cryptocurrency ecosystem with the BTR Token at the center of governance and operation. BTR is a fixed governance Token with a total supply of 1 billion units, allowing holders to participate in staking, node voting, fee payments, and on-chain management.
This Token plays a vital role in maintaining decentralization and promoting network development, contributing to increased transparency and operational efficiency for Bitlayer.
In addition, the issuance of Tokens through TGE attracts investor interest, enhances community value, and ensures resources for sustainable project development.
How is the BTR Token distributed and what are its highlights?
The distribution plan for BTR is carefully designed with 40% allocated for ecosystem incentives, fostering long-term development. 20.25% is for investors and advisors, 12% for the core team, and 11% for public release.
BTR also allocates 7.75% for node incentives, 6% for the treasury fund, and 3% to ensure market liquidity. This structure reflects a balance between development, governance, and community support.
Clear distribution increases transparency and trust from investors and ecosystem members.
What is the timeline and platform for the BTR Token listing?
The public sale (TGE) of BTR is expected to kick off on August 26. Subsequently, on August 27, this Token will be listed on Binance Alpha and Binance Futures, providing widespread trading opportunities for investors.
The BTR Token will be issued from the Bitlayer network but distributed through Ethereum mainnet and BNB Smart Chain, allowing cross-chain operation, expanding interaction capabilities, and increasing flexibility in trading.
This helps BTR leverage the existing liquidity network from two popular blockchains, enhancing the user experience.
"The transparent distribution of the BTR Token and support for cross-chain will help Bitlayer develop sustainably and create an effective governance environment for the community."
– Representative of the Bitlayer team, Press Release August 2024
Frequently Asked Questions
What is the total supply and initial circulation of the BTR Token?
BTR has a fixed total supply of 1 billion Tokens, with 261.6 million Tokens (26.16%) circulated immediately from the initial offering.
Where is BTR issued and traded?
BTR is minted on the Bitlayer network but issued through Ethereum mainnet and BNB Smart Chain, supporting cross-chain interaction.
What is the purpose of the BTR Token in the ecosystem?
BTR is used for staking, governance node voting, fee distribution, and chain management rights in the Bitlayer ecosystem.
When will the BTR Token officially be listed for trading?
BTR will be listed on Binance Alpha and Binance Futures on August 27, 2024.
Does the Token distribution structure commit to transparency?
The BTR distribution structure is clear and balanced, with the majority of Tokens allocated for ecosystem development and community support.
Source: https://tintucbitcoin.com/bitlayer-cong-bo-phan-bo-token-btr/
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