BTC L2 Project BEVM and Binance Wallet Offer a Special Airdrop
The BTC Layer2 project BEVM and Binance Web3 Wallet have formally started a collaborative airdrop event, according to an official notification from Binance Web3. Users will get a special airdrop of BEVM token using Binance Web3 Wallet after completing three easy tasks on BEVM. 10,500,000 (0.5%) $BEVM will be given by BEVM to Binance Wallet users who take part in this event as an airdrop. This is the first time that Bitcoin Layer2 and Binance Web3 wallet have worked together.
Based on Taproot Consensus, BEVM is an EVM-compatible Bitcoin layer 2 that utilizes $BTC as gas. This allows for fully decentralized $BTC cross-chain and the introduction of $BTC into a wider range of applications in a trustless fashion. With investments from around 20 organizations, including Rocktree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, MH Venture, and Mapleblock, BEVM just announced the completion of its 10 million dollar financing round. In just one week since its official launch on March 28, BEVM’s mainnet has amassed over 600,000 user addresses.
BEVM Funding Information
BEVM said on March 25, 2024, that a $10 million fundraising round had been completed, with a potential $200 million post-investment valuation. About twenty investors participated in the investment round, most of them being from the US and Europe.
Among these investors, RockTree Capital is a well-known and experienced US-based cryptocurrency investing firm. Established by Omer Ozden, who is also an international partner at ZhenFund Global Ventures, RockTree Capital is well-known in Chinese and American financial circles.
Omer Ozden was a member of the US Congress and previously worked as a legal counsel for Facebook, which is now owned by Meta. Among the many well-known cryptocurrency projects that RockTree Capital has invested in and nurtured are Chainlink, Tron, dYdX, Fantom, and Casper.
MH Ventures, which has made investments in well-known projects like Celestia, Sei Network, and Linera; Mapleblock, which is well-known for its investments in Polyhedra, DAO maker, Kraken, and Huobi; and Arkstream Capital, which has made investments in projects like AAVE, Flow, Manta, and Particle, are notable investors in the BEVM project beside RockTree Capital.
Additional Information on the BEVM and Binance Web3 Wallet Campaign
A collaborative airdrop campaign between BEVM and Binance Wallet was revealed on April 4. Participants will get airdrops for fulfilling any one of the three predetermined on-chain tasks. For this airdrop, BEVM has set aside 0.5% of its whole token supply. Additionally, it’s the first airdrop that Binance Wallet has done with a Bitcoin Layer 2 partner.
Users must visit https://binance-campaign.bevm.io and access the Binance Web3 Wallet in order to take part in the event. The campaign consists of three tasks: setting up a position in Satoshi Protocol, connecting $BTC to BEVM, and doing a daily check-in on BEVM.
Tutorial for User Participation:
Step 1: Open your Binance Web3 wallet and set it up.
First, make sure you have an account on Binance. You’ll have to make one if not.
Next, get the Binance Web3 Wallet and install it. This is available on the official Binance website.
Once the installation is finished, set up your wallet by following the instructions.
Step 2: Take Part in the Activity
Fulfill the three assignments stipulated by the event:
Bridge $BTC to BEVM: To transfer your $BTC from the main chain to the BEVM chain, simply follow the directions provided on this page.
To create a new position in the Satoshi Protocol, go to the Satoshi Protocol and follow the instructions.
