Original | Odaily Planet Daily ( @OdailyChina )
Author | Asher ( @Asher_0210 )
Recently, the heat of the Fractal Bitcoin project has once again attracted the attention of major communities to the Bitcoin ecosystem. There is no doubt that whether it is the news related to BTC ETF, the hot inscription sector in the first half of the year, BTC NFT projects, etc., it can be seen that the Bitcoin ecosystem has always been a topic of discussion and a money-making opportunity in this bull market. Therefore, based on project financing, community popularity, and other dimensions, Odaily Planet Daily has compiled 11 Bitcoin ecological projects worth participating in.
Fractal Bitcoin: Bitcoin Scalability Solution
Reasons for Participation
Image Source: Official Twitter
Fractal Bitcoin is an innovative scalability solution, which can gradually expand the Bitcoin blockchain, transforming it into a scalable computing system while maintaining complete consistency with the Bitcoin main chain. As the only native scalability solution that can be instantly compatible with Bitcoin, it achieves effective scalability of the Bitcoin network without affecting the integrity of the main chain.
Fractal is a project that relies entirely on the strong infrastructure and technology of the Unisat team. Its consensus mechanism adopts proof of work, the same as Bitcoin. Miners can use existing ASICs, GPUs, and other hardware devices for mining, with a block generation time of 30 seconds.
Interaction Tutorial
Preparations for interaction:
STEP 1. Download and install the Unisat wallet plugin ( click here to go to the download link ).
STEP 2. Switch the wallet network to the Fractal network.
STEP 3. Claim test coins ( click here to go to the link ), copy the wallet address, click Claim to receive test coins, 0.002 tFB each time (another test coin platform link: https://fractal-faucet.opnet.org, 0.05 tFB each time).
Next, proceed with the specific interaction tutorial:
STEP 1. Deploy inscription: go to the official website (click here to go) to connect the wallet and select the Inscribe section, tick enter 4 letters, click "Next," select the wallet to receive, tick at the bottom, then click "Submit," and finally click "Pay invoice."
STEP 2. Mint inscription, you can choose the inscription just deployed by yourself ( click here to go to the link ): under the Inscribe section, select "Mint," then select the inscription to be minted and click "Next."
STEP 3. Mint a small image for the inscription: under the Inscribe section, select Files, then drag and drop an image, tick at the bottom, and click "Submit," "Pay with wallet" for wallet confirmation.
STEP 4. Purchase inscription in the trading market: under the "Marketplace" section, select BRC20 type, then randomly purchase an inscription.
STEP 5. Sell inscription: as shown in the figure below, select the held BRC20 assets to place a sell order.
Corn: Building Ultra-High Yield Ethereum L2 around Bitcoin
Reasons for Participation
Image Source: Official Twitter
Corn aims to enhance the utility of Bitcoin and introduce new income-generating opportunities. Corn is a new Ethereum L2 network that uses a tokenized Bitcoin, BTCN, as the network's gas fees and economic incentives. It not only supports native BTC cross-chain bridging functionality but also uses BTC as a fuel token and integrates leading DeFi applications to address the immediate needs of Bitcoin in the DeFi space.
It is worth noting that on August 19th, Corn completed a $6.7 million seed round of financing, led by Polychain Capital, with participation from Binance Labs, Framework Ventures, OKX Ventures, HTX Ventures, and Relayer Capital, among others.
Corn receives investment from Binance Labs
Interaction Tutorial
Currently, Corn has opened a new task on Galxe, and the activity will end on August 23rd, so hurry to complete it.
Interaction website: https://app.galxe.com/quest/CORN/GCJZttxWSs
The current task on Galxe requires a Galxe passport and participation in simple Twitter social interactions, as well as Discord identity verification tasks to be completed. A total of 2500 points are available.
Babylon: A protocol that allows "BTC to earn interest" through staking
Reasons for Participation
Image Source: Official Twitter
Babylon is a BTC staking protocol that allows BTC holders to earn income from idle Bitcoin in a secure manner: without the need for third-party trust or bridging Bitcoin to any other chain. Holders only need to lock their Bitcoin in a self-custodial manner to gain the right to validate the PoS chain and earn income in return. With support for rapid unbonding and scalable re-staking, BTC stakers can also enjoy maximum liquidity and income. It is reported that the first phase of the Bitcoin staking mainnet will be launched next week, allowing Bitcoin holders to start staking their BTC.
At the end of May this year, Babylon announced the completion of a $70 million new round of financing, led by Paradigm, with participation from Polychain Capital, the venture capital arm of the cryptocurrency exchange Bullish (also the parent company of CoinDesk), HashKey Capital, Mantle, HackVC, ViaBTC Capital, Amber, imToken, Breyer Capital, IOSG, HTX Venture, and LD Capital.
Babylon announces completion of $70 million new round of financing
Interaction Tutorial
Interaction link: https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/44
Babylon's interaction tasks are part of the 23rd event of the OKX Web3 wallet. There are a total of 4 tasks, and users participating in the event will be eligible to share rewards from Babylon and its ecosystem projects. This event is the latest activity of the OKX Web3 wallet Cryptopedia, with nearly 6000 participants currently.
Task 1: Social Media Task, follow the official Twitter account to complete.
Task 2: B² Network Task
STEP 1. Follow @BSquaredNetwork on Twitter.
STEP 2. Stake BTC, choose the second B² Network+UniRouter, click deposit to stake and receive triple rewards from B² Network+UniRouter+Babylon at the same time. (Click here to go to the link)
Task 3: Chakra Task
STEP 1. Follow @ChakraChain on Twitter.
STEP 2. Stake BTC, currently in the pre-staking phase, with a minimum deposit of 0.0001 BTC, and receive 1 Chakra Prana for every 0.0001 BTC deposited daily. (Click here to go to the link)
Task Four: Bedrock Task
STEP 1. Follow @Bedrock_DeFi on Twitter.
STEP 2. Exchange WBTC using OP. Open the exchange website (click here to go to the link), click exchange, and use OP to exchange for WBTC (at least exchange $10 worth of OP tokens).
STEP 3. Stake WBTC to obtain uniBTC, and subscribe to the WBTC you just obtained.
Bitlayer: The first Bitcoin L2 based on BitVM
Reasons for Participation
Image Source: Official Twitter
Bitlayer is a second-layer project aimed at improving Bitcoin scalability. Its uniqueness lies in being the first second-layer solution based on BitVM, as well as the first second-layer project to fully inherit Bitcoin's security and Turing completeness. Additionally, Bitlayer has received strategic investment from Franklin Templeton, a provider of Bitcoin spot ETF services, making it the first Bitcoin infrastructure project to receive investment from an ETF-licensed institution.
According to ROOTDATA, Bitlayer has completed two rounds of financing, totaling $16 million:
On March 27, 2024, Bitlayer announced the completion of a $5 million seed round of financing, with joint lead investment from Framework Ventures and ABCDE Capital, and participation from StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital, Kenetic Capital, Pivot Global, Web3Port, Mindfulness Capital, C6ECapital, PAKA, Comma3Capital, and Kronos Ventures;
On July 23, 2024, Bitlayer announced the completion of a $11 million Series A round of financing, with lead investment from Franklin Templeton, ABCDE, and Framework Ventures, and participation from Stake Capital Group, WAGMI Ventures, Flow Traders, GSR Ventures, FalconX, and others.
Interaction Tutorial
Interaction link: https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/37
Bitlayer's interaction tasks are part of the 20th event of the OKX Web3 wallet, with a total of 9 tasks. Participants in the event will have the opportunity to share rewards of 1,250,000 USDT worth of BTR tokens and 100 million Bitlayer points. Additionally, each task may have independent reward forms, such as points, tokens, or other incentive mechanisms. Currently, there are nearly 450,000 users participating, making it a very popular event.
Bitlayer activity interface
Task One: Social Media Task
Connect X account, follow the official Bitlayer X account, and like and retweet the specified tweet.
Task Two: Bitlayer DApp
Visit the Bitlayer DApp center, and verify that the wallet's assets on Bitlayer are greater than $10.
Task Three: Obtain Gas on Bitlayer
Exchange USDT from other networks for BTC on Bitlayer, or cross-chain BTC/WBTC to Bitlayer from the second layer bridge, with a cross-chain amount of over $15.
Task Four: Macaron
Complete a swap exchange between USDT/BTC pairs with a value of over $5.
Task Five: Avalon Finance
Deposit at least 0.0001 BTC on Bitlayer's chain on Avalon (BTC can be withdrawn at any time after completing the task verification).
Task Six: Vanilla Finance
Follow Vanilla's official X account, and deposit at least $1 on Vanilla Finance to receive 300 points.
Task Seven: Anome
Mint any NFT, with a cost of approximately $2.
Task Eight: Zearn
Stake $1 worth of BTC to receive 50 ZEA tokens, and complete 3 additional BTC staking of any amount to receive an additional 150 ZEA tokens. (This task is only rewarded for the first 200,000 users participating, currently about 130,000 users are participating)
Task Nine: GamerBoom
Participate in the daily activity (Telegram mini-game), click once daily to participate.
Zeus Network: Building a permissionless cross-chain communication layer between Bitcoin and Solana
Reasons for Participation
Image Source: Official Twitter
Zeus Network is a permissionless cross-chain communication layer built between Bitcoin and Solana, aggregating the advantages of both, including the transaction speed and scalability of Solana and the liquidity of native assets on Bitcoin, to provide services to users. Compared to other solutions, the core advantage of Zeus Network lies in its decentralized and permissionless cross-chain path built through SVM (Solana Virtual Machine) and Zeus node technology. It is worth mentioning that Zeus Network is the first project launched on the Jupiter LFG Launchpad.
According to ROOTDATA, Zeus Network completed an $8 million financing at a valuation of $100 million in April this year and will launch its native token. Mechanism Capital led the investment, with participation from OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap, and The Spartan Group. Angel investors including Anatoly Yakovenko, co-founder of Solana, Muneeb Ali, co-founder of Stacks, and Andrew Kang, founder of Mechanism Capital, also participated in this round of financing.
Interaction Tutorial
Although Zeus Network has already launched its token, there are still interactive tasks to participate in for future token airdrops.
On one hand, participate in Zeus Network's task on the newly launched Galxe: APOLLO Final Testnet Campaign: Prophecy of Light (click here to go to the link).
On the other hand, participate in Zeus Network's activity on Zealy to accumulate points (click here to go to the link).
Solv Protocol: Bitcoin Ecosystem Basic Income Protocol
Reasons for Participation
Image Source: Official Twitter
Solv Protocol is a Bitcoin-specific full-chain basic income protocol, comparable to the Ethereum ecosystem's re-staking protocol Lido. It converts idle basic assets into interest-bearing assets while promoting free combinations across protocols and ecosystems to create a more efficient liquidity allocation. SovBTC is the interest-bearing asset issued by Solv Protocol, essentially a ERC-20 token with substantial liquidity that can provide secure basic income by staking idle assets in the user's wallet. According to official information, the total locked amount is nearly $1.2 billion, with over 400,000 participating users.
Image Source: Official Website
Solv Protocol has completed three rounds of financing, totaling $11 million:
On May 10, 2021, Solv Protocol announced the completion of a $1 million seed round of financing, with lead investment from The Spartan Group, Axia8Ventures, IOSG Ventures, Hashed, Krypital Group, and GBV Capital.
On December 1, 2021, Solv Protocol announced the completion of a $4 million seed round of financing, with joint lead investment from Blockchain Capital, Sfermion, and Gumi Cryptos Capital, and participation from DeFi Alliance, Axia8 Ventures, TheLao, CMSholdings, Apollo Capital, Shima Capital, SNZ Holding, and Spartan Group.
On August 1, 2023, Solv Protocol announced the completion of a $6 million seed round of financing, with investment from institutional investors including Laser Digital under the Japanese banking giant Nomura Securities, UOB Venture Management, Mirana Ventures, Emirates Consortium, We Capital, Bing ventures, Apollo Capital, HashCIB, Geek Cartel, and Bytetrade labs.
Solv Protocol completed a $11 million financing
Interaction Tutorial
Interaction website: https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/38
Solv Protocol's interactive tasks are part of the 21st event of the OKX Web3 wallet, with a total of 3 tasks. Participants in the event will have the opportunity to share 12.6 million SOLV tokens, and currently over 160,000 users are participating. The event will end at the end of this month.
Task One: Solv Protocol Social Media Task, follow the official project Twitter account to participate.
Task Two: Obtain SolvBTC on Ethereum, you need to exchange at least 0.0001 SolcBTC on the ETH mainnet. Exchange website: https://app.solv.finance/swap
STEP 3. Task Three: Obtain SolvBTC on BNB Chain, use BTCB to exchange at least 0.0002 SolvBTC on the BNB Chain. Exchange website: https://www.okx.com/zh-hans/web3/defi/detail/31429
B² Network: ZK-Rollup Layer 2 Solution for the Bitcoin Network
Reasons for Participation
Image Source: Official Twitter
B² Network is an EVM-compatible Layer 2 solution on BTC, providing an off-chain transaction platform that supports Turing-complete smart contracts to improve transaction efficiency and reduce costs. By integrating zero-knowledge proof (ZKP) technology with Bitcoin's Taproot, B² Network ensures enhanced privacy and security for transactions. The network aims to develop Bitcoin into a dynamic platform for innovative applications such as DeFi and NFT, suitable for both traditional Bitcoin assets and emerging Bitcoin derivatives. According to DeFiLlama data, B² Network's bridged TVL exceeds $210 million.
B² Network's bridged TVL exceeds $210 million
Interaction Tutorial
Since the mining machine staking has ended, you can currently interact with related projects, such as participating in some tasks of B² Network in the 23rd event of the OKX Web3 wallet (click here to go to the interaction link), and the KiloEx trading and deposit competition (click here for the event introduction link).
BEVM: Bitcoin L2 Based on Taproot Consensus Compatible with EVM
Reasons for Participation
Image Source: Official Twitter
Led by Droplet Capital and with transparent airdrops from the project team, BEVM aims to build a decentralized BTCL2 with BTC as Gas, compatible with EVM. This allows various applications in the EVM ecosystem to be seamlessly and easily deployed on BEVM, increasing the use and consumption scenarios of Bitcoin. To better maintain the security of the Bitcoin network, BEVM will launch BEVM-Stack in the future to help high-throughput developers and Bitcoin projects build their own BTCL2.
Interaction Tutorial
You can currently participate in the $60 million BEVM Visionary Builders (BVB) event, where users can earn more Eco. Points by completing simple social tasks and inviting friends.
Interaction website: https://bvb.bevm.io/
STEP 1. After entering the interaction link, connect your wallet and click "Sign to Participate" to authorize.
STEP 2. Complete simple community tasks to earn Eco. Points, and invite friends to earn more Eco. Points.
BOB: Integrating Bitcoin Security with EVM Liquidity
Reasons for Participation
Image Source: Official Twitter
BOB stands for "Build on Bitcoin" and is a L2 technology stack aimed at supporting Bitcoin DeFi innovation and ecosystem development. It not only inherits Bitcoin's PoW security but also supports Bitcoin ecosystem projects such as Ordinals, Lightning, and Nostr, while being fully compatible with EVM. Its mainnet was launched on May 2.
According to ROOTDATA, currently, BOB has completed two rounds of financing, totaling nearly $12 million:
On March 28, 2024, BOB announced the completion of a $10 million seed round of financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, UTXO Management, and some angel investors.
2024年7月10日，BOB announced the completion of a $1.6 million strategic round of financing, led by Ledger Ventures, with participation from individuals and institutions from BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon, and Centrifuge.
Interaction Tutorial
Interaction website: https://app.gobob.xyz/fusion
Strategy: The second season of Fusion has been launched, and users can participate by bridging to BOB and providing TVL to DApps, actively using BOB DApps, and participating in tasks on Galxe.
STEP 1. After entering the interaction link, first connect your X account, follow the official Twitter, and then log in to the Web3 wallet.
STEP 2. Cross ETH from any chain to the BOB chain using the cross-chain bridge: https://minibridge.chaineye.tools/.
STEP 3. Participate in various activities to earn Spice points.
Rollux: EVM-Compatible L2 Based on Merged Mining
Reasons for Participation
Image Source: Official Twitter
Founded in 2023, Rollux is developed by the L1 blockchain Syscoin (SYS) and is an optimistic rollup equivalent to EVM. It inherits the security of Bitcoin's mining network and Syscoin's L1 data availability. It was announced that Syscoin received a $20 million ecological development fund from the cryptocurrency exchange MEXC in June 2022.
Rollux launched its mainnet in June 2023 and plans to transition from Optimistic Rollup to ZK-based Rollup. Rollux has not yet introduced a new token and instead uses Syscoin as the Gas token.
Interaction Tutorial
On one hand, there are tasks on Galxe, mostly basic tasks such as liking, commenting, and visiting websites, which can be participated in. The participation website is: https://app.galxe.com/quest/rollux/GCWKCtttTj.
On the other hand, participate in mainnet cross-chain and swap interactions:
STEP 1. Purchase SYS tokens on a centralized exchange, then download and install the Pali Wallet (click here to download) and transfer the SYS tokens to Syscoin UTXO.
STEP 2. Use Syscoin's official bridge to cross UTXO to NEVM (click here to download).
STEP 3. Use Rollux's official bridge to cross SYS from NEVM to Rollux's mainnet (click here to go to the link).
STEP 4. Carry out transactions, LP operations, etc., on the DEX PegaSys on the Rollux website (click here to go to the link).
Botanix: Combining Bitcoin Security with EVM Versatility
Reasons for Participation
Image Source: Official Twitter
Botanix is a Bitcoin-native L2 project that is fully equivalent to the Ethereum Virtual Machine, using Bitcoin as the native asset and EVM as the software layer, and has established a multi-node decentralized network where any node can participate as a key holder.
According to ROOTDATA, currently, Botanix has completed a second round of financing, totaling $11.5 million, with participation from:
In June 2023, Botanix announced the completion of a $3 million seed round of financing, with investors including Edessa Capital, UTXO Management, Humla Ventures, and blocmates.
On May 7, 2024, Botanix announced the completion of an $8.5 million strategic round of financing, with investors including Polychain Capital, Placeholder Capital, Valor Equity Partners, and ABCDE Capital.
Interaction Tutorial
On one hand, Botanix has tasks on Galxe, mostly simple social tasks. The participation link is: https://app.galxe.com/quest/botanixlabs.
On the other hand, for the testnet, users can claim test coins, do swaps, provide liquidity, and other interactions. The specific operation tutorial is as follows:
STEP 1. Enter the interaction link (click here to go to the link) and claim test coins.
(Currently under maintenance, follow official updates for the reopening time)
STEP 2. Engage in swaps, provide liquidity, and other interactions on avocadoswap (click here to go to the link).
Additional Reading
Check and fill in the gaps, a 3-minute overview of recent major changes in the BTC ecosystem
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