On May 27, Bitlayer and seven ecological projects including Lorenzo, Bitsmiley, Avalon, Bitcow, Pell, Enzo and Bitparty jointly launched the First Mining Festival. This event will provide users with token airdrop rewards worth more than 24.35 million US dollars, and there will be more opportunities to obtain generous rewards.
Activity time
This event will last for two weeks, from May 27th to June 10th.
Reward Pool
The rewards for this activity are composed of two parts:
Exclusive airdrop for the First Mining Festival: The project party will provide users with project token airdrops with a total value of more than 24.35 million US dollars. Most of the tokens are expected to complete TGE within 1-2 months.
Bitlayer Dapp Ranking Competition Airdrop: The project team promises to distribute 100% of the Bitlayer gems they won in the Bitlayer Dapp Ranking Competition to users. After the ranking competition, users who participated in any project interaction can exchange the Bitlayer gems they won for Bitlayer tokens (BTR) at a certain ratio after TGE.
way of participation
Users log in to the Bitlayer Head Mining Festival’s exclusive event page and complete corresponding tasks according to the process.
Official First Mining Festival event page (specific event link is https://www.bitlayer.org/mining-gala): According to the interactive tasks set by the project, as long as the user generates various on-chain interactive behaviors such as adding liquidity, creating transactions, depositing and borrowing assets, etc., they can obtain the corresponding project's airdrop qualification according to the rules and participate in the corresponding prize pool distribution. In addition, after the user completes at least one of the tasks set by a single project and shares it with his friends, he can cast the Bitlayer First Mining Festival mining pioneer exclusive badge for the corresponding project for free.
People's Launchpad event page (the specific event link is https://launchpad.ally.build/zh-CN): Some projects will set up interactive tasks on the platform. As long as users complete the corresponding tasks, such as following social accounts, inviting new users, and generating various prescribed on-chain interactive behaviors, they can participate in the corresponding prize pool distribution.
Tutorial on how to participate in Bitlayer Mining Festival
With the official launch of the First Mining Festival, users can participate in the token airdrop distribution provided by the project party by increasing on-chain activity. The following are the preparations that users need to make before participating in the First Mining Festival:
1. Bitlayer supports users to deposit funds quickly and quickly convert USDT (ERC20/TRC20) to BTC on the Bitlayer chain. The specific tutorial is: https://www.notion.so/bitlayerlabs/Bitlayer-78ab942504a84974a0bb53a95ba55b29
2. If users want to transfer BTC and ETH assets to Bitlayer, they can use a third-party bridge. The specific tutorial is as follows:
https://www.notion.so/bitlayerlabs/Bitlayer-115f159aeedf45ebadea38bb47a2dd7d
3. If the amount of funds the user is transferring is greater than $50,000, it is recommended to transfer BTC to Bitlayer through the official bridge. The specific tutorial is: https://www.notion.so/bitlayerlabs/Bitlayer-a2d19c5ae458429ea8eada56412e72b3
In addition, for the participation tutorials of various projects in this mining festival, please check the link: https://www.notion.so/bitlayerlabs/Bitlayer-0b3948d329514b38a3445835dc379223
About Bitlayer
Bitlayer is the first Bitcoin security equivalent Layer 2 based on BitVM. The core goal of Bitlayer is to solve the trade-off between security and Turing completeness of Bitcoin Layer 2 through cryptographic innovation and blockchain engineering implementation.
Bitlayer is committed to becoming the computing layer of Bitcoin, aiming to introduce hyper-scalability to Bitcoin while inheriting its security and providing users with a high-throughput, low-cost transaction experience.
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