Printed: July 11, 2024 at 4:47 am Up to date: July 11, 2024 at 4:47 am
Edited and fact-checked:
July 11, 2024 at 4:47 am
In Transient
Bitlayer rolled out a webpage for Bitlayer Gems airdrop eligibility examine, after concluding calculations for distributing contest rewards.
Bitcoin Layer 2 community Bitlayer (BTR) introduced the roll out of a webpage to examine eligibility for the Bitlayer Gems airdrop, following the finalization of calculations for distributing Bitlayer Gems from Leaderboard Competitors Epoch 1.
People are inspired to go to the Bitlayer web site to examine their eligibility by connecting wallets and clicking on the “examine eligibility” button to view the outcomes. At present, practically 40,000 legitimate addresses are eligible to assert Bitlayer Gems airdrop, decided by the participation, contributions to undertaking TVL (Complete Worth Locked), and the variety of transactions.
The forthcoming official Gem assortment webpage will enable contributors to transform Gem rewards into BTR tokens proportionally.
The Prepared Participant I Leaderboard Competitors represents a element of Bitlayer’s $50 million token builder program often called Prepared Participant One. Launched in Could as the primary decentralized software (dApp) leaderboard contest, it goals to reward $20 million price of tokens to initiatives on Bitlayer mainnet in accordance with their influence on the ecosystem, subsequently permitting them to redistribute all of the obtained rewards to customers.
Over the course of the competition, engagement on the blockchain throughout the software allowed contributors to generate Bitlayer Gems for the undertaking, which obtained extra Gems as consumer interactions elevated.
Bitlayer Companions With Lorenzo Protocol And Deploys BitSmiley’s Alphanet On Its Mainnet
Bitlayer features as a Layer 2 protocol based mostly on BitVM, guaranteeing safety corresponding to Bitcoin and Turing completeness. It focuses on enabling trustless asset entry and exit from Layer 1, facilitating state transitions by a Turing-complete Layer 2 digital machine, and validating Layer 2 state transitions’ accuracy by Layer 1. In line with info from the undertaking’s webpage, Bitlayer’s whole worth locked (TVL) at present quantities to $464 million.
Just lately, Bitlayer has fashioned a partnership with the Bitcoin liquid restaking protocol Lorenzo Protocol, aiming to foster progress and engagement inside their respective ecosystems. Moreover, Bitlayer has deployed the Bitcoin stablecoin undertaking bitSmiley’s Alphanet onto its mainnet.
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About The Creator
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
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