Bybit Web3 Launches Industry’s First Bitcoin Layer 2 Airdrop Campaign, Paving the Way for a New Bitcoin Era

chainwire

Bybit, one of the world’s top three crypto exchanges by volume, is excited to announce that Bybit Web3 is launching the industry’s first Bitcoin Layer 2 Airdrop campaign through its Airdrop Arcade.

Bybit pacman gaming

This pioneering endeavor aims to catalyze widespread adoption of Bitcoin Layer 2 solutions by offering users exclusive airdrop rewards and a seamless journey into this dynamic ecosystem.

A Pioneering Leap for the Crypto Community

The Airdrop Arcade‘s Bitcoin Layer2 Season Campaign marks a pivotal moment for the cryptocurrency industry. By delivering the first comprehensive on-chain experience of Bitcoin Layer 2, it offers the simplest and most rewarding campaign yet, targeting everyone from DeFi veterans to seasoned CEX users. Bybit Web3 aims to educate the broader market and expedite the adoption of this transformative technology.

Ben Zhou, Co-founder and CEO of Bybit shared his excitement on the recent development of Bitcoin Layer 2:  “Bitcoin Layer 2 represents a monumental leap forward for the Bitcoin ecosystem, enabling faster, cheaper, and more scalable transactions. This aligns perfectly with Bybit Web3’s vision, an extension of our commitment as the Crypto Ark, fostering a simpler, open, and equally decentralized ecosystem for all. We are thrilled to collaborate with leading Layer 2 protocols to democratize access to this transformative technology.”

Opening Doors to a New Frontier

The Airdrop Arcade’s Bitcoin Layer2 Season invites all users into the realm of Bitcoin Layer 2, offering:

  • Early Bird TGE Airdrops: Access exclusive token rewards from prominent Layer 2 protocols before their official launch.
  • Streamlined Airdrop Participation: Engage in Token Generation Events (TGEs) safely and effortlessly with an expanding prize pool.
  • Comprehensive On-Chain Experience: First comprehensive on-chain experience of Bitcoin Layer2 including Defi, NFT, and more.

Partnerships Driving Innovation

Bybit Web3 has joined forces with some of the most innovative Bitcoin Layer 2 protocols to propel the campaign forward:

  • BEVM –  The first EVM-compatible Bitcoin Layer 2 based on Taproot that uses BTC as gas. BEVM aims to bring 10% of Bitcoin into the L2. Now BEVM has launched the Canary Network with more than 100k addresses, nearly 9 million transactions and 30+ projects.
  • B² Network – The most practical Bitcoin Layer 2 network, featuring the first EVM-compatible Rollup based on zero-knowledge proof verification commitment on Bitcoin.
  • Mirror Staking Protocol – The latest decentralized cross-chain staking solutions, providing a genuinely decentralized and secure Bitcoin staking solution for POS L1/L2s projects.
  • Tuna Chain –  The first modular Layer 2 solution on Bitcoin, offering a native stablecoin and a Hybrid ZK-OP solution, to seamlessly fuse Bitcoin’s security with Ethereum’s versatility.

Don’t miss out! Tune in to our upcoming Bybit’s Livestream “FOMO Money vs Serious BUIDLs: Who’s the Next Bitcoin Layer-2 Alpha?” on May 8, 2024, at 8AM UTC. Join us for an in-depth discussion with the leading minds in Bitcoin Layer 2 as we explore the future of this transformative technology. Stay tuned for more updates.

Airdrop Rewards Valued at Over $400K

Participants in the Bitcoin Layer 2 Season have the opportunity to claim a share of a substantial prize pool exceeding $400,000 USD in TGE tokens. This includes original protocol tokens and airdrops from various decentralized applications (dApps) built on top of these Layer 2 solutions.

For comprehensive campaign details and participation instructions, please visit: https://www.bybit.com/en/web3/airdrop

About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 25 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3.
About Bybit
Bybit is one of the world’s top three crypto exchanges by trading volume with 25 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.

Read this next

blockdag

Unlocking Investment Potential: Introducing MoonBag Presale, the Cryptocurrency Set to Surpass ApeCoin and Bitbot

Discover MoonBag Presale, the cryptocurrency set to surpass ApeCoin and Bitbot. Unlock your investment potential now!

Fintech

Playtech sees promising growth despite dispute with Caliplay

Gambling technology group Playtech plc (LSE: PTEC) reported solid financial results for the four months to April 30 as B2B growth and Snaitech’s record performance pushed it towards large gains in revenue.

Chainwire

Multipool Launches LBP on Fjord Foundry Raising $200k in 24 Hours

Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours.

Chainwire

$BEER, a New Solana-Based Memecoin completes Pre-Sale of 30,000 SOL this week

The Liquid Gold, $BEER, has become the most discussed topic on Solana over the past two weeks. $BEER has skyrocketed into Twitter trends across Europe & Asia, captivating beer lovers worldwide.

Digital Assets

Hong Kong regulator orders Worldcoin to cease operations over privacy concerns

Hong Kong’s privacy regulator has ordered Worldcoin Foundation to cease all operations of its cryptocurrency project in the city, citing risks to privacy and personal data.

Inside View

MT4 vs MT5: Which Should You Choose for Crypto Trading?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two sophisticated trading platforms developed by MetaQuotes Software. Although MT4 is the more widely adopted choice, traders must determine which platform is better suited for them and understand the reasons behind this choice. Here’s everything you need to know.

Digital Assets

Intentable.io Launches Intent-Centric Architecture and Marketplace

Discover how Intentable.io, formerly Kiroboflow, is revolutionizing blockchain interactions with its Intent-Centric Architecture and new marketplace for intent-based strategies.

Digital Assets

Crypto ETFs, retail trading spike as Bitcoin nears record highs

BlackRock’s spot bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, saw a record amount of cash injection after a quiet few weeks of net outflows. The healthy metrics came as bitcoin briefly traded above the $71,000 level for the first time in a month.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: FOMC Minutes, UK Inflation Data, USD, May 22 ,2024

FOMC minutes reveal Fed’s stance on inflation and rates. Hawkish hints could raise USD as investors seek higher returns. Dovish tones might weaken the dollar.

<