Inventory of the top ten BTC ecological projects worth interacting with recently (with detailed tutorials)

Original | Odaily Planet Daily ( @OdailyChina )

Author | Asher ( @Asher_0210 )

Recently, the popularity of the Fractal Bitcoin project has once again attracted the attention of major communities to the Bitcoin ecosystem. There is no doubt that in this round of bull market, whether it is the news about BTC ETF, the popular inscription sector in the first half of the year, BTC NFT projects, etc., it can be seen that the Bitcoin ecosystem has always been hotly discussed and has money-making opportunities. Therefore, Odaily Planet Daily has sorted out the top ten Bitcoin ecosystem projects worth participating in based on project financing, community popularity and other dimensions.

Fractal Bitcoin: Bitcoin Scaling Solution

Reasons to participate

Image source: Official Twitter

Fractal Bitcoin is an innovative expansion solution, which can gradually expand the Bitcoin blockchain and transform it into a scalable computing system while maintaining full consistency with the Bitcoin main chain. As the only native expansion solution that is instantly compatible with Bitcoin, it achieves effective expansion of the Bitcoin network without affecting the integrity of the main chain.

Fractal is a project that relies entirely on the powerful infrastructure and technology of the Unisat team. Its consensus mechanism uses proof of work, the same as Bitcoin. Miners can use existing ASICs, GPUs and other hardware devices for mining, and the block generation time is 30 seconds.

Interactive Tutorial

First, prepare for the interaction:

STEP 1. Download and install the unisat wallet plug-in ( click here to jump to the download link ).

STEP 2. Switch the wallet network to the Fractal network.

STEP 3. Receive test coins ( click here to jump to the link ), copy the wallet address and click Claim to receive test coins, 0.002 tFB each time (another test coin receiving platform, link: https://fractal-faucet.opnet.org , 0.05 tFB each time).

Next, we will conduct a specific interactive tutorial:

STEP 1. Deploy inscription: After entering the official website (click this jump), connect the wallet and select the Inscribe column. Enter 4 letters in Tick and click Next. After selecting the receiving wallet, check the bottom and then Submit. Finally, click Pay invoice.

STEP 2. Cast the inscription. You can choose the inscription you just deployed ( click here to jump to the link ): Under the Inscribe column, select Mint, select the inscription you want to cast, and click Next.

STEP 3. Cast a small picture with inscription: Select Files under the Inscribe column, then drag and drop a picture into it, check the box at the bottom, and click Submit and Pay with wallet to confirm.

STEP 4. Purchase inscriptions in the trading market: Select the BRC 20 type under the Marketplace column and purchase an inscription at random.

STEP 5. Sell inscription: Select the BRC 20 asset you hold and place an order to sell as shown in the figure below.

Corn: Building a high-yield Ethereum L2 around Bitcoin

Reasons to participate

Image source: Official Twitter

Corn aims to enhance the utility of Bitcoin and introduce new yield-generating opportunities. Corn is a new Ethereum L2 network that uses a tokenized Bitcoin BTCN as the networks gas fee and economic incentives. It not only supports native BTC cross-chain bridging functions, but also uses BTC as a fuel token, and integrates DeFi applications of leading protocols, solving the immediate needs of Bitcoin in the DeFi field.

It is worth noting that on August 19, Corn completed a US$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.

Corn receives investment from Binance Labs

Interactive Tutorial

Currently, Corn has opened a new task on Galxe, and the event will end on August 23, so hurry up and complete it.

Interactive website: https://app.galxe.com/quest/CORN/GCJZttxWSs

This periods tasks in Galxe require a Galxe passport and participation in simple Twitter social and Discord identity authentication tasks. A total of 2500 points.

Babylon: A protocol that allows BTC to earn interest through staking

Reasons to participate

Image source: Official Twitter

Babylon is a BTC staking protocol that allows BTC holders to earn income from idle Bitcoin in a secure way: without 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 verify the PoS chain and earn income in return. Supported by the protocols fast unbinding and scalable re-mortgage functions, BTC stakers can also enjoy maximum liquidity and income. It is reported that the first phase of the Bitcoin staking mainnet launch will be launched next week, and Bitcoin holders will be able to start locking BTC for staking.

At the end of May this year, Babylon announced the completion of a new round of financing of US$70 million , led by Paradigm, with participation from Polychain Capital, the venture capital arm of 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 new round of financing of US$70 million

Interactive Tutorial

Interactive link: https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/44

Babylons interactive task is the 23rd activity of OKX Web3 wallet, with a total of 4 tasks. Users who participate in the activity will be eligible to share the rewards of Babylon and its ecological projects. This activity is the latest activity of OKX Web3 wallet Cryptopedia, and nearly 6,000 people have participated so far.

Task 1: Social media task, which can be completed by following the official Twitter account.

Task 2: B虏 Network Task

STEP 1. Follow @BSquaredNetwork on Twitter .

STEP 2. Pledge BTC, select the second B虏 Network+UniRouter, click deposit to pledge and you can get the triple reward of B虏 Network+UniRouter+Babylon at the same time. ( Click here to jump to the link )

Mission 3: Chakra Mission

STEP 1. Follow @ChakraChain on Twitter.

STEP 2. Pledge BTC. Currently, it is pre-pledged. The minimum deposit is 0.0001 BTC. For every 0.0001 BTC deposited, you can get 1 Chakra Prana every day ( click here to jump to the link ).

Mission 4: Bedrock Mission

STEP 1. Follow @Bedrock_DeFi on Twitter.

STEP 2. Use OP to exchange WBTC. Open the exchange website ( click here to jump to the link ), click Exchange, and use OP to exchange WBTC (exchange at least $10 worth of OP tokens).

STEP 3. Pledge WBTC to obtain uniBTC and subscribe for the WBTC you just pledged.

Bitlayer: The first Bitcoin L2 based on BitVM

Reasons to participate

Image source: Official Twitter

Bitlayer is a second-layer project that aims to improve the scalability of Bitcoin. Bitlayer is unique in that it is the first second-layer solution based on BitVM, and it is also the first second-layer project that fully inherits Bitcoin security and has Turing completeness. In addition, Bitlayer has also received strategic investment from Franklin Templeton, a Bitcoin spot ETF service provider, becoming the first Bitcoin infrastructure project to receive institutional investment in ETF licenses.

According to ROOTDATA data , Bitlayer has completed secondary financing with a total amount of up to 16 million US dollars, including:

On March 27, 2024, Bitlayer announced the completion of a $5 million seed round of financing, led by Framework Ventures and ABCDE Capital, with participation from StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital, Kenetic Capital, Pivot Global, Web3Port, Mindfulness Capital, C 6 E Capital, PAKA, Comma 3 Capital and Kronos Ventures;

On July 23, 2024, Bitlayer announced the completion of a US$11 million Series A financing round, led by Franklin Templeton, ABCDE and Framework Ventures, with participation from Stake Capital Group, WAGMI Ventures, Flow Traders, GSR Ventures, FalconX and others.

Interactive Tutorial

Interactive link: https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/37

Bitlayers interactive task is the 20th activity of OKX Web3 Wallet, with a total of 9 tasks. Users who participate in the activity will be eligible to share BTR token rewards worth 1,250,000 USDT and 100 million Bitlayer points. In addition, each task may also have an independent reward form, such as points, tokens or other incentive mechanisms. Currently, nearly 450,000 users have participated, and the popularity is very high.

Bitlayer activity interface

Task 1: Social media task

Connect to the X account, follow the Bitlayer official X account, like and forward the specified tweets.

Task 2: Bitlayer DApp

Visit the Bitlayer DApp Center, and your wallet will be verified if the assets on Bitlayer are greater than $10.

Task 3: Get Gas on Bitlayer

You can exchange USDT from other networks for BTC from Bitlayer, or you can transfer BTC/WBTC from the second-layer bridge to Bitlayer as long as the cross-chain amount exceeds 15 US dollars.

Task 4: Macaron

Complete a swap between USDT/BTC pairs with an amount of more than 5 USD.

Task 5: Avalon Finance

Just deposit at least 0.0001 BTC on Avalons Bitlayer chain (you can withdraw BTC at any time after completing the task verification).

Task 6: Vanilla Finance

Follow Vanilla鈥檚 official X account and top up at least $1 on Vanilla Finance to get 300 points.

Mission 7: Anome

Just mint any NFT, it costs about $2.

Mission 8: Zearn

Staking BTC worth 1 USD can earn you 50 ZEA tokens, and completing 3 BTC stakes of any amount can earn you another 150 ZEA tokens. (This task is only rewarded to the first 200,000 participating users, and currently about 130,000 users have participated)

Mission 9: GamerBoom

Participate in daily activities (Telegram mini-games) by clicking once a day.

Solv Protocol: Bitcoin Ecosystem Basic Income Protocol

Reasons to participate

Image source: Official Twitter

Solv Protocol is a full-chain basic income protocol exclusive to the Bitcoin ecosystem, which can be benchmarked against Lido, the Ethereum ecosystem re-staking protocol. By converting idle basic assets into interest-bearing assets, it promotes cross-protocol and cross-ecological free combinations to create a more efficient liquidity distribution method. SovBTC is a full-chain Bitcoin interest-bearing asset issued by Solv Protocol. It is essentially an ERC-20 token with considerable liquidity. It can create safe basic income for the idle assets in the users wallet through staking. According to official information, the total locked-in amount is currently nearly 1.2 billion US dollars, and the total number of interactive users exceeds 400,000.

Image source: official website

Solv Protocol has completed three rounds of financing, totaling US$11 million , namely:

• On May 10, 2021, Solv Protocol announced the completion of a $1 million seed round of financing, led by The Spartan Group, Axia 8 Ventures, IOSG Ventures, Hashed, Krypital Group, GBV Capital, and MapleLeafCap;

• On December 1, 2021, Solv Protocol announced the completion of a $4 million seed round of financing, led by Blockchain Capital, Sfermion, and Gumi Cryptos Capital, with participation from DeFi Alliance, Axia 8 Ventures, TheLao, CMSholdings, Apollo Capital, Shima Capital, SNZ Holding, Spartan Group, and others;

• On August 1, 2023, Solv Protocol announced the completion of a $6 million seed round of financing, with investments from Laser Digital, an investment institution under Japanese banking giant Nomura Securities, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners China, Bing ventures, Apollo Capital, HashCIB, Geek Cartel, Bytetrade labs and other institutions.

Solv Protocol Completes $11 Million in Financing

Interactive Tutorial

Interactive website: https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/38

The interactive task of Solv Protocol is the 21st activity of OKX Web3 wallet, with a total of 3 tasks. Users who participate in the activity will be eligible to share 12.6 million SOLV tokens. Currently, there are more than 160,000 users participating, and the activity will end at the end of this month.

Task 1: Solv Protocol social media task, just follow the official project account.

Task 2: Get SolvBTC on Ethereum. You need to exchange at least 0.0001 SolcBTC on the ETH mainnet. The exchange website is: https://app.solv.finance/swap

STEP 3. Task 3: Get SolvBTC on BNB Chain, and use BTCB to redeem at least 0.0002 SolvBTC on BNB Chain. Redemption website: https://www.okx.com/zh-hans/web3/defi/detail/31429

B虏 Network: A ZK-Rollup Layer 2 Solution for the Bitcoin Network

Reasons to participate

Image source: Official Twitter

B虏 Network is an EVM-compatible Layer 2 on BTC. It provides an off-chain trading platform that supports Turing-complete smart contracts, improves transaction efficiency and reduces costs. By integrating zero-knowledge proof (ZKP) technology with Bitcoins Taproot, B虏 Network ensures enhanced privacy and security of transactions. The network aims to develop Bitcoin into a dynamic platform, setting the stage for innovative applications such as DeFi and NFT, suitable for traditional Bitcoin assets and emerging Bitcoin derivative assets. DeFiLlama data shows that B虏 Network bridges TVL of more than US$210 million.

B虏 Network bridges over $210 million TVL

Interactive Tutorial

Since the staking to obtain mining machines has ended, you can now interact through ecosystem-related projects, such as participating in Babylons B虏 Network tasks in the 23rd OKX Web3 wallet event ( click here to jump to the interactive link ), KiloEx trading and deposit competition ( click here to jump to the event introduction link ), etc.

BEVM: Bitcoin L2 based on Taproot consensus and compatible with EVM

Reasons to participate

Image source: Official Twitter

Led by Waterdrop Capital, the project has made its airdrop public. BEVM aims to build a decentralized BTC L2, using BTC as Gas and compatible with EVM, so that various applications in the EVM ecosystem can be seamlessly and easily deployed on BEVM, thereby increasing the use and consumption scenarios of Bitcoin. In order to better maintain the security of the Bitcoin network, BEVM will launch BEVM-Stack in the future, which will help high-throughput developers and Bitcoin projects build their own BTC L2.

Interactive Tutorial

Currently, you can participate in the BEVM Visionary Builders (BVB) airdrop event with a value of US$60 million. Users can obtain more Eco. Points by completing simple social tasks and inviting friends.

Interactive website: https://bvb.bevm.io/

STEP 1. After entering the interactive link, connect your wallet and click Sign to Participate to authorize

STEP 2. Complete simple community tasks to earn Eco. Points, and you can earn more Eco. Points by inviting friends.

BOB: Combining Bitcoin Security with EVM Liquidity

Reasons to participate

Image source: Official Twitter

BOB is the abbreviation of Build on Bitcoin. It is an L2 technology stack designed to support Bitcoin DeFi innovation and ecological development. It not only inherits the security of Bitcoin PoW, supports Bitcoin ecosystems such as Ordinals, Lightning and Nostr, but is also fully compatible with EVM. Its mainnet was launched on May 2.

According to ROOTDATA data , BOB has completed secondary financing with a total amount of nearly 12 million US dollars, including:

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;

On July 10, 2024, BOB announced the completion of a US$1.6 million strategic round of financing, led by Ledger Ventures, with participation from institutions and project parties such as BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon and Centrifuge.

Interactive Tutorial

Interactive website: https://app.gobob.xyz/fusion

Strategy: Fusion Season 2 has been launched and users can participate in the following ways: bridge to BOB and provide TVL to DApp; actively use BOB DApps; participate in tasks on Galxe.

STEP 1. After entering the interactive link, first connect the X account and follow the official push and then log in to the Web3 wallet.

STEP 2. ETH from any chain is transferred to BOB chain through the cross-chain bridge. The cross-chain website is: https://minibridge.chaineye.tools/ .

STEP 3. Participate in various activities and earn Spice points.

Rollux: EVM-compatible L2 based on merged mining

Reasons to participate

Image source: Official Twitter

Rollux was founded in 2023 and developed by L1 blockchain Syscoin (SYS). It is an Optimistic rollup equivalent to EVM, which inherits the security of Bitcoins mining network and Syscoins L1 data availability. It is reported that Syscoin announced in June 2022 that it had received a $20 million ecological development fund from the cryptocurrency exchange MEXC.

Rollux will be launched on the mainnet in June 2023, and has stated that it plans to switch from Optimistic Rollup to ZK-based Rollup. Rollux has not yet launched a new token, but instead uses Syscoin as a Gas token.

Interactive Tutorial

On the one hand, there are tasks on Galxe, most of which are basic tasks such as reposting, commenting, liking tweets, visiting websites, etc. You can participate in them. The website for participation is: https://app.galxe.com/quest/rollux/GCWKCtttTj .

On the other hand, it participates in mainnet cross-chain, swap and other interactions:

STEP 1. Purchase SYS tokens on a centralized exchange, and then download and install Pali Wallet ( click here to download the link ) and transfer SYS tokens to Syscoin UTXO

STEP 2. Use Syscoin鈥檚 official bridge to cross-chain UTXO to NEVM ( click here to jump to the download link )

STEP 3. Transfer SYS from NEVM to Rollux鈥檚 mainnet through Rollux鈥檚 official bridge ( click here to jump to the link )

STEP 4. Perform transactions, LP and other operations in the DEX PegaSys on the Rollux website ( click here to jump to the link )

Botanix: Combining the security of Bitcoin with the versatility of the EVM

Reasons to participate

Image source: Official Twitter

Botanix is a Bitcoin-native L2 project that is completely equivalent to the Ethereum Virtual Machine. It uses Bitcoin as the native asset and EVM as the software layer. It has established a multi-node decentralized network in which any node can participate as a key holder.

According to ROOTDATA data , Botanix has completed secondary financing with a total amount of US$11.5 million , including:

In June 2023, Botanix announced the completion of a $3 million seed round of financing, with investors including Edessa Capital, UTXO Management, Humla Ventures, blocmates, etc.

On May 7, 2024, Botanix announced the completion of a US$8.5 million strategic round of financing. Investors included Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE Capital, etc.

Interactive Tutorial

On the one hand, Botanix has tasks in Galxe, most of which are simple social tasks. The participation link is: https://app.galxe.com/quest/botanixlabs .

On the other hand, experience the test network, receive test coins, do swaps, form LPs and other interactions. The specific operation tutorials are as follows:

STEP 1. Enter the interactive link ( click here to jump to the link ) and receive the test coins .

(Currently under maintenance, please follow the official updates to find out when it will reopen)

STEP 2. Perform swaps, group LPs, and other interactions on avocadoswap ( click here to jump to the link ).

This article is sourced from the internet: Inventory of the top ten BTC ecological projects worth interacting with recently (with detailed tutorials)

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