Bybit announced a Bitcoin Layer-2 Airdrop Season, offering users the chance to win a share of a massive $600,000 worth of $BEVM token airdrop. This campaign delves into the exciting world of Bitcoin Layer-2 solutions, specifically exploring the innovative BEVM protocol and its ecosystem.
Ready to unlock your share of the $BEVM airdrop? This campaign involves completing a series of tasks, including depositing BTC to borrow SAT from Satoshi Protocol on BEVM. We’ll delve deeper into these tasks to ensure you’re ready to conquer them and claim your rewards!
Instructions
- Duration: 2024/05/28–2024/06/28
- Landing Page: Bitcoin Layer-2 Airdrop Season: BEVM | Bybit
Tasks:
- Complete Social Media tasks
- Bridge BTC to BEVM
- Stake BTC on Bido
- Borrow SAT on Satoshi Protocol
- Complete on-chain swap & bridge on BEVM
Complete these tasks to share $600,000 in $BEVM token airdrop! Each completed task grants you a chance to open a mystery box containing a random amount of $BEVM tokens. The more tasks you complete, the more mystery boxes you unlock, increasing your total BEVM earnings!
How to Complete the Satoshi Task
Here’s a quick guide for you to complete the Satoshi Task and win rewards!
- Download Bybit Web3 Wallet: https://www.bybit.com/en/web3/home
- Withdraw BTC to Bybit Wallet
- Bridge BTC to BEVM
- Create position on Satoshi Protocol
You can refer to this video for more details.
What is BEVM
BEVM is a unique EVM-compatible Bitcoin Layer 2 solution that stands out in the crowded market. By leveraging Taproot consensus, Schnorr signatures, MAST, and Bitcoin SPV, BEVM achieves the highest level of decentralization and security among all BTC Layer 2 solutions.
Key features of BEVM:
- Native BTC Layer 2: BEVM utilizes BTC as the network gas and stores transaction data on the BTC mainnet, ensuring compatibility with the original Bitcoin protocol.
- EVM compatibility: Developers can seamlessly migrate their Ethereum-based dApps to BEVM, expanding the reach of these applications to the Bitcoin ecosystem.
- Decentralized and secure: BEVM employs Musig2 multi-signature aggregation and Bitcoin light nodes to achieve a trustless and secure environment.
What is Satoshi Protocol
Satoshi Protocol is a universal stablecoin protocol built for Bitcoin. It empowers users to deposit their Bitcoin as collateral and borrow stablecoin SAT, on either Bitcoin Layer 1 or Layer 2.
Users can deposit BTC as collateral to borrow the SAT stablecoin pegged to $1, unlocking trillion-dollar liquidity in Bitcoin. The operation of SAT involves over-collateralization, liquidation, and arbitrage mechanisms.
To borrow 100 SAT, users need to deposit BTC worth at least 110% above the loan amount as collateral. If BTC’s price changes, it will trigger liquidation to keep SAT stable.
Satoshi Protocol also has a native token, OSHI, focused on ecosystem utility and revenue sharing for OSHI Token holders.
Learn how Satoshi Protocol maintains SAT’s dollar peg and enhances the Bitcoin ecosystem in our article Satoshi Protocol: The First CDP on BEVM , Unleash BTCFi for everyone
What is Bybit Web3
Bybit is the world’s leading cryptocurrency exchange, offering users a platform to buy, sell, and trade a wide range of digital assets. Now, Bybit is expanding its horizons by embracing the next phase of the internet: Web3.
Through Bybit Web3, they’re building a user-friendly suite of tools and services designed to make Web3 exploration smooth and accessible. Whether you’re interested in exploring DeFi (decentralized finance) for innovative ways to manage your crypto, or diving into the world of play-to-earn GameFi or unique NFTs (non-fungible tokens), Bybit Web3 offers a smoother entry point. Security remains a top priority, with Bybit potentially acting as a custodian for your private keys, removing the burden of self-management.
Conclusion
Bybit’s Bitcoin Layer-2 Airdrop Season offers a chance to win a share of $600,000 in $BEVM tokens while exploring innovative DeFi on Bitcoin.
Complete tasks like depositing BTC and borrowing SAT from Satoshi Protocol to unlock mystery boxes containing $BEVM. The more tasks you finish, the more boxes you unlock and the higher your potential $BEVM earnings.
Dive deeper into the future of Bitcoin DeFi! Explore BEVM’s unique features and how it expands the Bitcoin ecosystem.
Learn how Satoshi Protocol unlocks liquidity with its $1-pegged stablecoin, SAT. Head to the Bybit airdrop campaign for details and instructions. Don’t miss this opportunity to win rewards and gain valuable experience in the ever-growing world of BTCFi.
About Satoshi Protocol
Satoshi Protocol is a universal stablecoin protocol built for Bitcoin. It empowers users to deposit Bitcoin as collateral and borrow stablecoin SAT, on either Bitcoin Layer 1 or Layer 2.
Website | Web APP | Twitter | Telegram | Discord | Docs | Blog
