Binance Wallet and BTC L2 project BEVM launch an exclusive airdrop

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Cardiff, 英国, April 4th, 2024, Chainwire

According to Binance Web3 official announcement, Binance Web3 Wallet has officially launched a associated airdrop lawsuit with the BTC Layer2 task BEVM. Users who implicit 3 elemental tasks connected BEVM done Binance Web3 Wallet volition person an exclusive airdrop of BEVM token. BEVM volition allocate 10,500,000(0.5%) $BEVM for the airdrop to Binance Wallet users participating successful this event. This is the archetypal collaboration betwixt Binance Web3 wallet and Bitcoin Layer2.

BEVM is an EVM-compatible Bitcoin layer2 based connected Taproot Consensus and uses $BTC arsenic gas, enabling afloat decentralized $BTC cross-chain and allowing $BTC to beryllium introduced into a broader scope of applications successful a trustless manner. BEVM precocious announced the completion of its ten-million dollar backing round, with investments from astir 20 institutions including Rocktree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, MH Venture, and Mapleblock. BEVM officially launched its mainnet connected March 28, and successful conscionable 1 week, the mainnet has garnered implicit 600,000 idiosyncratic addresses.

What is BEVM?

BEVM is the archetypal EVM-compatible Bitcoin L2 built connected Taproot Consensus and uses $BTC arsenic Gas.

Based connected Musig + Bitcoin SPVs, Taproot Consensus is the last effect of the BEVM team’s six years of exploring Bitcoin Layer2 solutions.

BEVM has 2 narratives, the archetypal is "BEVM-Stack"(#BTClayer2 arsenic a service), which tin assistance developers motorboat #BTClayer2 with one-click. Secondly, BEVM volition make DBFX(Decentralized Bitcoin Foreign Exchange) protocol to seamlessly span autochthonal $BTC into immoderate Defi protocol connected immoderate Chain. BEVM's eventual extremity is to bring 10% of $BTC into the Layer2 network, expanding $BTC's exertion scenarios to alteration existent circulation of $BTC.

The pursuing are the cardinal humanities milestones of BEVM:

2017: Establishment of the BEVM team.

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

June 2023: Formal connection of the BEVM Canary Network.

November 29, 2023: Publication of the BEVM whitepaper.

March 2024: Announcement of securing $10 cardinal successful backing with a post-investment valuation of up to $200 million.

March 2024: Announcement of the mainnet launch.

BEVM Funding Details

On March 25, 2024, BEVM announced the completion of a $10 cardinal backing round, with a post-investment valuation of up to $200 million. The backing circular progressive astir 20 investors, predominantly from Europe and the United States.

Among these investors, RockTree Capital stands retired arsenic a salient and seasoned crypto concern instauration based successful the United States. Founded by Omer Ozden, who besides serves arsenic an planetary spouse astatine ZhenFund Global Ventures, RockTree Capital boasts important power successful the fiscal circles of China and the United States. Omer Ozden has antecedently served arsenic a ineligible advisor for Facebook (now Meta) and was a subordinate of the United States Congress. RockTree Capital has a beardown way grounds of investing successful and incubating galore renowned crypto projects, including Chainlink, Tron, dYdX, Fantom, and Casper, among others.

In summation to RockTree Capital, different notable investors successful the BEVM task see MH Ventures, which has invested successful well-known projects similar Celestia, Sei Network, and Linera; Mapleblock, known for its investments successful Polyhedra, DAO maker, Kraken, and Huobi; and Arkstream Capital, which has invested successful projects specified arsenic AAVE, Flow, Manta, and Particle.

Waterdrip Capital and Satoshi Labs, person besides participated successful the investment, arsenic good arsenic Viabtc Capital which is 1 of the world's apical 3 Bitcoin mining pools.

BEVM Technical Advantages

In the existent market, BTC Layer 2 exertion solutions tin beryllium broadly categorized into 5 types: Bitcoin sidechains, UTXO + lawsuit verification, Taproot Consensus, multi-signature + EVM, and Roullp.

BEVM adopts the Taproot Consensus technology, which was projected and implemented by the BEVM squad and serves arsenic a emblematic usage lawsuit for Taproot Consensus.

Taproot Consensus is simply a layer2 solution built connected the 3 large autochthonal Bitcoin technologies. It has gradually matured since the Bitcoin Taproot upgrade successful 2021. The essence of Taproot Consensus lies successful Schnorr Signature + MAST Contract + Bitcoin Light Node Network.

Schnorr Signature enables Bitcoin multi-signature custodians to grow to 1,000, achieving decentralization of custodians. MAST Contract implements code-based absorption of aggregating signatures, relying connected codification alternatively than manual signature. The Bitcoin Light Node Network achieves decentralized Bitcoin cross-chain transactions and absorption done statement driven by Bitcoin SPVs.

On March 28, 2024, BEVM's mainnet, based connected Taproot Consensus, officially launched, reaching implicit 600,000 idiosyncratic addresses wrong a week. It is presently 1 of the astir implemented Bitcoin Layer2 solutions.

In summary, compared to different BTC L2 technological solutions connected the market, BEVM boasts unparalleled advantages successful presumption of the autochthonal quality of Bitcoin technology, decentralization, and the level of implementation.

More Details astir the Campaign betwixt Binance Web3 Wallet and BEVM

On April 4, BEVM announced a associated airdrop run with Binance Wallet, offering airdrops for completing immoderate of the 3 specified on-chain activities. BEVM has allocated 0.5% of its full token proviso for this airdrop. It is besides Binance Wallet’s archetypal airdrop lawsuit successful collaboration with a Bitcoin Layer2.

To enactment successful the event, users request to entree the Binance Web3 Wallet and sojourn https://binance-campaign.bevm.io . There are 3 tasks included successful the campaign, bridging $BTC to BEVM, creating presumption successful Satoshi Protocol and regular check-in connected BEVM.

User Participation Tutorial:

Step 1: Access and Set Up Binance Web3 Wallet

First, guarantee you person a Binance account. If not, you volition request to make one.

Then, download and instal the Binance Web3 Wallet. This tin beryllium recovered connected Binance's authoritative website.

After completing the installation, travel the instructions to acceptable up your wallet.

Step 2: Participate successful the Event

Access the lawsuit leafage utilizing the Binance Web3 Wallet.

Complete the 3 tasks required by the event:

Bridge $BTC to BEVM: Follow the instructions connected the leafage to span your $BTC from the main concatenation to the BEVM chain.

Create a Position successful Satoshi Protocol: Navigate to Satoshi Protocol and make a caller position.

Daily Check-in: Visit the BEVM leafage each time to cheque in.