L2 Solutions on BTC
#Bitlayer 【Project Introduction】
Bitlayer is a Layer 2 project focused on expanding the Bitcoin ecosystem and building infrastructure, aiming to solve the scalability and programmability issues of Bitcoin through BitVM technology, promoting the development of Bitcoin in on-chain application scenarios like DeFi.
【Token Economics】
1️⃣Total Supply and Circulation:
The total supply of BTR is 1 billion, with an initial circulation of 235 million (of which 90 million is for airdrops and presales).
2️⃣Lock-up Mechanism: All presale tokens (including Binance Pre-TGE) must be locked, with specific unlocking times to be announced by the project team.
3️⃣Token Price:
CoinList public offering price: $0.2/BTR (price during public fundraising, but this round has ended)
Official event price (Treasure Box): $0.3/BTR (token price obtained through the “Treasure Box” event on the Bitlayer official website)
In 2025, the network of BitlayerLabs is full of opportunities and challenges, hosting over 300 projects covering DeFi, NFTs, and gaming. Through BitVM, this Bitcoin Layer 2 solution makes it possible to engage in Bitcoin yield farming without selling assets.
Key decentralized applications include lending protocols and decentralized exchanges, utilizing EVM for composability. $BTR incentivizes builders through grants, while stakers ensure the security of the ecosystem. Users pay fees in $BTR, promoting circulation.
The Bitlayer project has raised approximately $25 million in funding. The specific funding situation is as follows:
* Seed Round: March 2024, raised $5 million.
* Series A: July 2024, raised $11 million, with a valuation of $300 million.
* Extended Series A: October 2024, raised $9 million, with a valuation still at $300 million.
As BTC is accepted by people as a store of value like gold, BTC as digital gold will increasingly be used in all aspects of people's lives, and the network of Bitlayerlabs will bring various BTC ecological applications into real life, creating a better life for humanity
@BitlayerLabs