September marked some important milestones: a big announcement, Partnerships and Sponsorships. Find out what we have been up to so far this month.
Satoshi Protocol is working tirelessly to fulfill our daring goals: create value and cause impact in the BitcoinFi space.
September has been a busy month, filled with accomplishments that we are proud of: from meaningful partnerships and sponsorships to a bold step forward with our stablecoin.
This bi-weekly recap will bring you up to speed in our latest achievements and milestones.
Let's dive in!
Highlights
BOB Forge NFT went live on September 3rd
Our partnership launch with BOB went live and the NFT will be available until September 30th. BOB Forge NFT symbolizes the pioneering spirit of building on BOB, a hybrid layer that unites Bitcoin's security with Ethereum's innovation.
Don't miss out! Mint your BOB Forge NFT here.
Week 2 of Stablecoin Carnival
Week 2 of Stablecoin Carnival was a big success! We had a total of 7.1k participants, with 3.5k completed tasks. Our stablecoin, satUSD became a whitelist asset on BOB (earning 2x spice).
We got 3rd place at the Anduro BTC Hackathon
We announced on September 9th our 3rd place win at the Anduro BTC Hackathon, where we showcased our protocol on the Alys testnet to unlock Bitcoin liquidity through $SAT (now satUSD), our BTC-backed stablecoin.
You can learn more about it in this link.
Satoshi Protocol is one of the Silver Sponsors for Token2049
We are amongst the Silver Sponsors for TOKEN2049 Singapore, a global conference series, where the leading voices and experts in the crypto ecosystem's will connect and exchange ideas, network, and discuss the future of the industry.
Learn more about Token2049 here.
SAT stablecoin is evolving to $satUSD
This has to be one of the biggest highlights of this month. We officially announced our name change from SAT Stablecoin to satUSD, which is a hint of the improvements to come. We are excited for this new page in our history and in BitcoinFi, and we hope our community embraces this new path with us.
To read the official announcement, follow this link.
What is Satoshi Protocol
Satoshi Protocol was designed to enhance the security, efficiency, and scalability of digital transactions, signifying a major step forward in the BitcoinFi sphere by providing a way for Bitcoin holders to access liquidity without having to suffer unpredictable interest rates. It is our goal to help create value and amplify Bitcoin's utility to foster a more resilient and inclusive financial ecosystem.
The operation of SAT involves over-collateralization, liquidation, and peg mechanisms. To mint 1000 $SAT stablecoin, users need to deposit BTC worth at least 110% above the loan amount as collateral.
Milestones
These are our milestones for the first half of September:
- Sep 02: Participated on BitFM Spaces EP24
- Sep 03: BOB Forge NFT was launched!
- Sep 03: We announced two partnerships: BTCON_Seoul and Arch Network
- Sep 08: Voting campaign on BEVM
- Sep 09: We announced our 3rd place at the Anduro BTC Hackathon
- Sep 10: We announced our partnership with Nubit
- Sep 10: 2,000,000 SPICE distributed to the first 2,000 BOB NFT holders
- Sep 11: SAT stablecoin officially became $satUSD
- Sep 12: Satoshi had a giveaway of 10 WL spots for PumpBTC's PumpPass mint.
- Sep 13: We participated in a AMA: Uncovering the Key Drivers of Bitcoin’s Mass Adoption, at AIRDROP2049's Space and announced our sponsorship of the Token2049 Event.
- Sep 14: We announced our sponsorship of token2049.
Sep 02: BitFM Spaces - BOB Ecos & Growth Strategy | Bitcoin2024 EP24
We joined BOB, Segment and Sovryn on BitFM Spaces to discuss BOB Ecos and its growth strategy. It was a very interesting conversation, and you can hear it in detail in this link.
Sep 3: BOB Forge NFT went live!
Following up our conversation on Spaces, on September 3rd BOB Forge NFT went LIVE!
By minting 15 SAT stablecoin by Sep 30, users can claim NFT and unlock exclusive benefits, like 1.25x Spice, Extra Spice Airdrop, and some exclusive perks. To mint, just go to this link: https://app.satoshiprotocol.org/campaign/nft/bob-forge
Sep 4: Two partnerships: BTCON_Seoul and Arch Network
On September third we announced two incredible partnerships:
BTCON Seoul, Korea's first pioneering Bitcoin Conference and the world's Largest Bitcoin Hackathon in History, held on September 4.
The second one is Arch Network, which is bringing smart contracts to Bitcoin in a more efficient way.
Sep 8: Voting campaign on BEVM
We got first place on the voting campaign held on BEVM, with over 61,600 votes for Satoshi Protocol
Sep 10: We announced our partnership with Nubit
Nubit is a Bitcoin-powered next-gen consumer network with one-stop ecosystem solutions, which is bridging web2 and web3! By integrating Nubit's Modular Indexer, Satoshi Protocol is able to enhance transparency and decentralization.
This collaboration ensures secure, verifiable asset tracking, empowering users to verify data accuracy independently.
Learn more about it in this article: https://blog.satoshiprotocol.org/partnership-with-nubit/
Sep 11: SAT stablecoin officially became $satUSD
We are very excited to share the exciting new chapter in the evolution of the Satoshi Protocol. As part of our ongoing commitment to innovation and growth, we are officially renaming our stablecoin from $SAT to satUSD. More than a name change, this is a steady step forward, reflecting on our journey, our values, and our vision for the future of decentralized finance on Bitcoin.
Learn about the changes in this link: https://blog.satoshiprotocol.org/sat-stablecoin-is-renaming-to-satusd-2/
Sep 14: We announced our sponsorship and the schedule for Token2049!
Along with other big names in the Bitcoin and Crypto industry, we are amongst the Silver Sponsors for Token2049. This week, on September 18th, join us at Marina Bay Sands for a wonderful event that will bring together the greatest minds and players in Crypto.
There is still a lot coming up in the next couple of weeks, and we are very much looking forward to Token2049 and the upcoming conferences to be held soon.
Stay tuned, because we have more updates to come!
About Satoshi Protocol
Satoshi Protocol is a universal stablecoin $satUSD backed by Bitcoin, allowing users to deposit BTC as collateral to mint the stablecoin $satUSD on both Bitcoin mainnet and multiple L2s.
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