Introduction to the upcoming TGE tomorrow and the Bitlayer project recently on Binance Alpha. I believe many people still don't understand what the TGE project is about, so today I'll introduce @BitlayerLabs, the potential dark horse of Bitcoin Layer 2 (BTR). This thing is a Layer 2 solution for Bitcoin, simply put, it adds a 'turbocharger' to BTC, allowing it to run smart contracts and DeFi, similar to Ethereum's scaling layer, but relying on Bitcoin's robust security and finality. Bitlayer uses BitVM technology to make it happen, enabling developers to build complex DApps on BTC without touching Bitcoin's core code. Transforming from a mere piggy bank to an all-purpose application platform—super cool! In terms of fundraising, Bitlayer has raised $25 million. In July 2024, Franklin Templeton and ABCDE led a $11 million Series A round, followed by an additional $9 million from Polychain Capital in October to expand the Series A round. In total, there have been six rounds of financing, and the backing from these big-name VCs indicates the project's reliability and positive market outlook. For public offering, the BTR token will be sold on CoinList from July 31 to August 7, 2025, along with pre-sales on Holdstation Launchpad and Binance Wallet. Binance has allocated 30 million BTR (3% of total supply) for DeFi rewards, raising $400,000 in pre-TGE with BNB, with a quota of 20 million BTR. The public sale just ended, and BTR should be going live soon; the price hasn't been set yet. By the way, I remember when I took a look at their public sale, it seemed to be $0.2, and the community engagement is pretty good! Regarding future play: doing DeFi on Bitcoin, such as lending, DEX, liquidity mining; also NFT markets, games, and cross-chain bridges. Just imagine, running high-performance DApps within Bitcoin's security fortress will attract a large wave of institutional money into the market. The project may also explore AI and RWA, such as tokenizing real estate or artworks, with unlimited boundaries. The project is quite promising, and after it goes live, it is highly likely to become the leader in Bitcoin Layer 2. #Bitlayer