itlayer’s native token is called BTR, which serves as the core utility and governance asset for the Bitlayer Layer-2 ecosystem built on Bitcoin. The total supply of BTR is 1 billion tokens, with allocations to ecosystem incentives, governance, teams/advisors, and development.

• Purpose: BTR is used to reward ecosystem participants, support governance (proposal voting, network upgrades), and secure the network through staking and node participation.

• Token Sale & Launch: The initial token offering (IEO) ran from July 31 to August 7, 2025, selling at $0.2 per BTR with 20 million tokens available in the first round. There were also opportunities for early access and airdrops through Binance and other platforms.

• Ecosystem Role:

• Incentivizes developers, users, partners to grow the Bitlayer ecosystem.

• Allows holders to vote on governance proposals and network changes.

• Facilitates trust-minimized BTC bridging, programmability, and DeFi activity on Bitcoin via Bitlayer’s BitVM rollup.

• Technical Highlights:

• Works as part of a Bitcoin-equivalent security Layer-2 system with smart contracts.

• Supports EVM and other virtual machines, enabling Ethereum-style dApps on Bitcoin.#Bitlayer @BitlayerLabs