I started following the Bitlayer project in May of last year, experiencing helmet NFTs, head mining, OKX activities, BN for 6 weeks, racing activities, on-chain trading competitions, options opening, and now the BN booster, and I will also participate in the upcoming BN alpha pre-TGE!
It can be said that in terms of the depth and breadth of ecosystem participation, I have basically interacted with this project to the fullest, including holding several helmet NFTs myself. Recently, the official team has been frequently making moves, and various signs indicate that the TGE is not far off. Today, I'll briefly talk about this project.
1. Project Introduction
[Project Team Twitter] @BitlayerLabs
Bitlayer is pioneering the implementation of BitVM. By combining unparalleled security with a lightning-fast smart contract engine, Bitlayer unleashes the full potential of Bitcoin DeFi.
Bitlayer is building a trust-minimized BitVM Bridge, a yield asset YBTC, and a high-throughput Bitcoin Rollup based on Bitcoin's native security architecture, bringing real utility, speed, and composability to Bitcoin, and establishing a complete DeFi infrastructure for the Bitcoin ecosystem.
2. Financing Situation
[Total Amount] Greater than or equal to 25 million
May 2025 - Unknown
October 2024 - 9 million
July 2024 - 11 million
May 2024 - Unknown
March 2024 - 5 million
The main investors include: Polychain, Framework Ventures, ABCDE, Franklin Templeton, OKX, and others.
3. Token Economics
[Total Supply] 10e
I looked at the official documentation and saw that tokens will be deployed on both the Bitlayer chain and Ethereum, and it is estimated that there will also be an addition of BSC.
