Binance Wallet and BTC L2 project BEVM Launch an Exclusive Airdrop

Cardiff, 英国, April 4th, 2024, Chainwire

In accordance with Binance Web3 official announcement, Binance Web3 Wallet has formally launched a joint airdrop occasion with the BTC Layer2 project BEVM. Customers who full three easy duties on BEVM by way of Binance Web3 Wallet will obtain an unique airdrop of BEVM token. BEVM will allocate 10,500,000(0.5%) $BEVM for the airdrop to Binance Wallet customers collaborating on this occasion. That is the primary collaboration between Binance Web3 pockets and Bitcoin Layer2.

BEVM is an EVM-compatible Bitcoin layer2 based mostly on Taproot Consensus and makes use of $BTC as fuel, enabling absolutely decentralized $BTC cross-chain and permitting $BTC to be launched right into a broader vary of functions in a trustless method. BEVM just lately introduced the completion of its ten-million greenback funding spherical, with investments from practically 20 establishments together with Rocktree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, MH Enterprise, and Mapleblock. BEVM formally launched its mainnet on March 28, and in only one week, the mainnet has garnered over 600,000 person addresses.

What’s BEVM?

BEVM is the primary EVM-compatible Bitcoin L2 constructed on Taproot Consensus and makes use of $BTC as Fuel.

Based mostly on Musig + Bitcoin SPVs, Taproot Consensus is the ultimate results of the BEVM workforce’s six years of exploring Bitcoin Layer2 options. 

BEVM has two narratives, the primary is “BEVM-Stack”(#BTClayer2 as a service), which will help builders launch #BTClayer2 with one-click. Secondly, BEVM will develop DBFX(Decentralized Bitcoin International Alternate) protocol to seamlessly bridge native $BTC into any Defi protocol on any Chain. BEVM’s final objective is to deliver 10% of $BTC into the Layer2 community, increasing $BTC’s software eventualities to allow actual circulation of $BTC.

The next are the important thing historic milestones of BEVM

2017: Institution of the BEVM workforce.

2018: Launch of the BTC Layer 2 answer ChainX, taking custody of 100,000+ $BTC and 500,000+ $BTC hash locks.

June 2023: Formal proposal of the BEVM Canary Community.

November 29, 2023: Publication of the BEVM whitepaper.

March 2024: Announcement of securing $10 million in funding with a post-investment valuation of as much as $200 million.

March 2024: Announcement of the mainnet launch.

BEVM Funding Particulars

BEVM backed by different high funds

On March 25, 2024, BEVM announced the completion of a $10 million funding spherical, with a post-investment valuation of as much as $200 million. The funding spherical concerned roughly 20 traders, predominantly from Europe and the US.

Amongst these traders, RockTree Capital stands out as a distinguished and seasoned crypto funding establishment based mostly in the US. Based by Omer Ozden, who additionally serves as an worldwide companion at ZhenFund International Ventures, RockTree Capital boasts important affect within the monetary circles of China and the US. Omer Ozden has beforehand served as a authorized advisor for Fb (now Meta) and was a member of the US Congress. RockTree Capital has a robust observe file of investing in and incubating quite a few famend crypto tasks, together with Chainlink, Tron, dYdX, Fantom, and Casper, amongst others.

Along with RockTree Capital, different notable traders within the BEVM project embrace MH Ventures, which has invested in well-known tasks like Celestia, Sei Community, and Linera; Mapleblock, recognized for its investments in Polyhedra, DAO maker, Kraken, and Huobi; and Arkstream Capital, which has invested in tasks similar to AAVE, Circulation, Manta, and Particle. 

Waterdrip Capital and Satoshi Labs, have additionally participated within the funding, in addition to Viabtc Capital which is without doubt one of the world’s high three Bitcoin mining swimming pools.

BEVM Technical Benefits

Within the present market, BTC Layer 2 know-how options could be broadly categorized into 5 varieties: Bitcoin sidechains, UTXO + consumer verification, Taproot Consensus, multi-signature + EVM, and Roullp.

BEVM adopts the Taproot Consensus know-how, which was proposed and carried out by the BEVM workforce and serves as a typical use case for Taproot Consensus.

Taproot Consensus is a layer2 answer constructed on the three main native Bitcoin applied sciences. It has regularly matured for the reason that Bitcoin Taproot improve in 2021. The essence of Taproot Consensus lies in Schnorr Signature + MAST Contract + Bitcoin Gentle Node Community.

Schnorr Signature allows Bitcoin multi-signature custodians to increase to 1,000, attaining decentralization of custodians. MAST Contract implements code-based administration of aggregating signatures, counting on code somewhat than handbook signature. The Bitcoin Gentle Node Community achieves decentralized Bitcoin cross-chain transactions and administration by way of consensus pushed by Bitcoin SPVs.

On March 28, 2024, BEVM’s mainnet, based mostly on Taproot Consensus, formally launched, reaching over 600,000 person addresses inside every week. It’s at present one of the vital carried out Bitcoin Layer2 options.

In abstract, in comparison with different BTC L2 technological options available on the market, BEVM boasts unparalleled benefits when it comes to the native nature of Bitcoin know-how, decentralization, and the extent of implementation.

Extra Particulars in regards to the Marketing campaign between Binance Web3 Wallet and BEVM

On April 4, BEVM introduced a joint airdrop marketing campaign with Binance Wallet, providing airdrops for finishing any of the three specified on-chain actions. BEVM has allotted 0.5% of its complete token provide for this airdrop. It’s also Binance Wallet’s first airdrop occasion in collaboration with a Bitcoin Layer2.

10,500,000 $BEVM Airdrop

To take part within the occasion, customers must entry the Binance Web3 Wallet and go to https://binance-campaign.bevm.io . There are three duties included within the marketing campaign, bridging $BTC to BEVM, creating place in Satoshi Protocol and every day check-in on BEVM.

Consumer Participation Tutorial:

Step 1: Entry and Set Up Binance Web3 Wallet

First, guarantee you might have a Binance account. If not, you will have to create one.

Then, obtain and set up the Binance Web3 Wallet. This may be discovered on Binance’s official web site.

After finishing the set up, comply with the directions to arrange your pockets.

Step 2: Take part within the Occasion

Access the event page using the Binance Web3 Wallet.

Full the three duties required by the occasion:

Bridge $BTC to BEVM: Observe the directions on the web page to bridge your $BTC from the primary chain to the BEVM chain.

Create a Place in Satoshi Protocol: Navigate to Satoshi Protocol and create a brand new place.

Day by day Test-in: Go to the BEVM web page daily to examine in.

Extra Assist and Tutorials:

Customers can watch this tutorial video to know the detailed steps for participation.

Customers may learn the put up on the BEVM weblog for extra details about the 10,500,000 BEVM airdrop campaign.

About BEVM

BEVM introduces a groundbreaking EVM-compatible Bitcoin Layer 2 answer, using BTC as fuel for transactions. This absolutely decentralized platform bridges the hole between the Bitcoin and Ethereum ecosystems, permitting DApps to function seamlessly on Bitcoin Layer 2. It options revolutionary cross-chain interplay, information integrity assurance, decentralized processing, and a sturdy consensus mechanism for enhanced scalability and safety. BEVM goals to gas innovation within the Bitcoin ecosystem by way of EVM compatibility, a completely decentralized structure, and an revolutionary incentive mannequin. For extra info, go to their web site at bevm.io.

For extra details about BEVM: Official Website | Twitter | Discord | Blog | Github

BEVM Group
[email protected]

DailyBlockchain.News Admin

Our Mission is to bridge the knowledge gap and foster an informed blockchain community by presenting clear, concise, and reliable information every single day. Join us on this exciting journey into the future of finance, technology, and beyond. Whether you’re a blockchain novice or an enthusiast, DailyBlockchain.news is here for you.
Back to top button