@BitlayerLabs
Here’s an English paragraph describing Bitlayer (BTR) token, based on the most recent 100-word style overview:
Bitlayer (BTR) is an emerging Bitcoin Layer-2 (L2) project built on the BitVM paradigm, designed to deliver Bitcoin-equivalent security, ultra-fast execution, and full EVM compatibility. It features a trust-minimized BitVM Bridge, a verifiable Bitcoin rollup architecture, and a high-performance execution engine with sub-10 ms latency . The token supports staking for network security and on-chain governance through delegation and node voting, with a “Fee Switch” mechanism enabling flexible fee distribution to stakers or BTR buybacks . The project has successfully raised approximately $25 million across multiple funding rounds, including a recent IDO on August 13, 2025 that raised $400K at a price of $0.02 per token . As of August 18, 2025, the circulating and total supply are both around 55.9 million, with a market capitalization of approximately $6.2 million .
Let me know if you'd like this adapted for a specific purpose—like a blog post, investor summary, or token listing—I'd be happy to help!