🚨 Bitlayer debuted on top exchanges with a drop of 48%

On August 27, several leading crypto exchanges – Binance, KuCoin, Bitget, MEXC, Gate.io, and others – added Bitlayer (BTR) to their listings.

#Binance #KUCOIN #Bitger #MEXC #Gate.io

📌 What is Bitlayer?

Bitlayer is an L2 solution for Bitcoin that allows for the deployment of applications, games, and DeFi protocols directly on the BTC base. Its key technology is the Bitcoin Virtual Machine (BitVM), which opens up the possibility of using Bitcoin for smart contracts.

👥 Who is behind the project?

Charlie Yechuan – one of the creators of the Polkadot ecosystem

Kevin Chanbin – author of the Huobi Heco blockchain and several DeFi projects

💰 Investments

$5 million in the seed round (Framework Ventures, ABCDE Capital)

$20 million in Series A (Polychain, Franklin Templeton)

In total, about 20 venture investors

📉 How did the token start?

Total supply: 1 billion BTR

In circulation: 261.6 million BTR

Trading range: $0.079 – $0.151

Current price: around $0.079

On the first day, the drop was –48%

⚡ Despite the unsuccessful start, experts believe that the prospects of the project depend on how popular the applications and services in the Bitlayer ecosystem become. $BTR