🟧Since the recent launch of Babylon, the BTCFi sector has started to stir again, and a batch of projects that were popular recently have also begun issuing tokens, including $B2.

Many projects are still in the "narrative-building" stage, with flashy pages and well-developed token models, but the products are still in development.

The @BSquaredNetwork B2 project has faced quite a bit of controversy, such as:

The project has been slow to start mining and has delayed its TGE.

The prices of blockheads and mining machine assets have slumped.

However, from the perspective of product structure, it is one of the few BTCFi projects that "truly has something materializing":

1️⃣ On one side, there is the global Top 10 mining pool business, with real computing power and off-chain income.

2️⃣ On the other side, there are BTCFi products aimed at facilitating the on-chain appreciation of BTC assets.

3️⃣ The FDV is not high, and based on the tokenomics (10% reserved for listing incentives), it also indicates plans for future listing activities.

It is not a project that excels in storytelling, but some details are indeed being executed steadily.

It is still too early to speak of success or failure; how it proceeds will depend on the synchronization of the product and the community.

♦️ Have any friends been looking at BTCFi lately?

If you find a project that is "not mainstream but interesting," leave a comment so I can check it out👀