Bybit Web3 Wallet joins forces with the BEVM ecological project to launch an airdrop reward event. Use Bybit Wallet to complete cross-chain, pledge, loan and transaction, and you will have the opportunity to share a total of 1.4 million BEVM tokens worth US$600,000. The event starts on May 28 and ends on June 28, lasting for one month.
BEVM is one of the most well-known Bitcoin Layer2 implementation solutions recently. The project team has been working in the direction of Bitcoin expansion for 7 years and has accumulated rich technical knowledge. With the Bitcoin ecosystem facing the prospect of an overall upgrade, the BEVM team chose to use Schnorr signature technology, MAST contract, BTC light node and other technologies to achieve the best balance between network expansion and decentralization while ensuring the security of BTC. BEVM is favored by capital from the East and West that focuses on the BTC ecosystem, and completed financing with a valuation of up to US$200 million in early 2024.
BEVM x Bybit Airdrop Event
Event time : 2024/05/28 – 2024/06/28
Event link : Bitcoin Layer-2 Airdrop Season: BEVM | Bybit
Interaction cost : The estimated total cost of currency withdrawal, cross-chain, and interaction is about $20
Expected revenue : $1,000+
Activity rewards: BEVM token blind box + potential ecological project token airdrop
task list:
Complete Twitter social media tasks
Cross-chain BTC to BEVM
Bido Task: Staking BTC
Satoshi Task: Lending SAT stablecoin
BEVMSwap task: Complete more than one transaction
OOOO Money task: Complete more than one cross-chain transaction
Complete any activity task to open the token blind box and randomly receive BEVM token airdrops. Complete more tasks to open more blind boxes and share more BEVM tokens; BEVM officials also issued ORDINALS·RUNES airdrops to 150,000 addresses in previous Binance events. In addition, there are also other opportunities to obtain tokens for its ecological projects. airdrop. The second half of the text will provide a detailed introduction to the ecological project and give a step-by-step tutorial for completing the airdrop task.
What is BEVM
BEVM is a completely decentralized Layer 2 solution that aims to provide Bitcoin users with a more convenient and efficient experience through the Ethereum Virtual Machine (EVM) compatibility mechanism and efficient underlying technology.
BEVM’s core advantage lies in its unique technical architecture:
Using the WASM public chain network, the operation efficiency is higher, and the BTC light nodes can directly obtain data from the BTC network.
Taproot upgrades and aggregated signature algorithms significantly reduce transaction data volume and costs, and increase network throughput.
The MAST contract framework and Schnorr signature improve the flexibility and scalability of BEVM.
Thanks to its compatibility with the Ethereum Virtual Machine, BEVM supports development using mainstream wallet applications such as Solidity and MetaMask, which lowers the user threshold. Currently, the BEVM ecosystem has deployed multiple projects, including the Satoshi Protocol, a US dollar stable currency project supported by BTC.
The BEVM team has extensive experience in blockchain development and has been recognized by many leading investment institutions including Bitmain. BEVM's vision is to create a decentralized BTC Layer2 that is compatible with EVM and provide Bitcoin users with richer application scenarios and a better user experience.
How to participate in the BEVM x Bybit airdrop event
The following will introduce step by step how to complete the BEVM x Bybit airdrop activity tasks. Each time you complete a task, you can open the token blind box and share the BEVM token rewards. You can also refer to this Youtube video to view the detailed task guide: Step by Step Guide to Join BEVM Airdrop by Using Bybit Web3 Wallet
Install Bybit Wallet
In the Chrome plug-in store, search and download Bybit Wallet and complete the wallet configuration
Download link: https://chromewebstore.google.com/detail/bybit-wallet/pdliaogehgdbhbnmkklieghmmjkpigpa?hl=en
- Withdraw BTC to Bybit wallet Taproot format BTC address
Visit the Bybit official website and go to Web3 → Earn → Airdrop Arcade through the navigation bar
Complete BEVM tasks
Connect Bybit Web3 wallet plug-in
Link your Twitter account and follow BEVM and Bybit Web3
Go to BEVM official bridge and cross-chain BTC to BEVM mainnet
Step 1: Connect Bitcoin wallet, connect BEVM wallet and select Bybit Wallet
Step 2: Enter the amount of BTC across the chain, click Transfer, and the cross-chain is successful (the expected waiting time is about 20 minutes)
(Note: The estimated cost of currency withdrawal, cross-chain, and interaction is about $25, so it is recommended to prepare at least 0.001 BTC (~70 USD) to participate in this event)
Complete the Bido pledge task
Bido is a staking liquidity protocol in the BEVM ecosystem. Users pledge BTC to support node operations and receive stBTC with interest income. This revenue comes from 50% of the total on-chain transaction fees on the BEVM network. After Bido was launched in mid-April, the short-term annualized income (APY) even reached 580%, attracting many users to participate in staking BTC.
Use the Bybit Web3 wallet to stake BTC on Bido to complete this task.
Mission details
Step 1: Go to Bido official website https://app.bido.finance/ and connect to Bybit Wallet
Step 2: Stake BTC and get stBTC
Step 3: Go to Warp in the navigation bar and encapsulate stBTC into wstBTC
Complete Satoshi Stablecoin Lending Task
Satoshi Protocol aims to become a universal stablecoin protocol in the BTC ecosystem. Users can use BTC as collateral to lend SAT, a stablecoin anchored to US$1, for use in the ecosystem. The move is expected to unlock the potential trillions of dollars of liquidity in the Bitcoin ecosystem, providing users with a way to further increase capital efficiency while holding Bitcoin.
Use BTC or wstBTC as collateral and lend SAT stablecoins on Satoshi Protocol to complete this task (the tutorial uses wst BTC as an example)
Mission details
Step 1: Go to Satoshi Protocol official website and connect to Bybit Wallet
Step 2: Go to Position in the navigation bar → select wstBTC → click Create
Step 3: Set the Referrer Address (you can get an additional 150 Points)
Regarding the role of Points, please refer to Satoshi’s invitation event introduction: Leaderboard — Referral Program
Step 4: Follow the steps in the figure below, deposit wstBTC and lend SAT, click Approve, and click Create Position.
Complete the BEVMSwap exchange task
BEVMSwap is an AMM DEX that provides stable swaps and automated centralized liquidity on BEVM BTC L2. At present, BEVMSwap has officially launched the BEVM main network and supports multiple trading pairs and liquidity pools such as BTC, wBTC, SAT, wstBTC, etc.
This task can be completed by completing at least one exchange through BEVMSwap.
Mission details
Step one: Go to the BEVMSwap official website https://bevmswap.xyz/ and connect to Bybit Wallet.
Step 2: Convert SAT to BTC.
Step 3: Click Confirm Swap and complete the transaction confirmation in the wallet.
Complete the oooo.money cross-chain task
OOOO Money is a modular cross-chain bridge focused on the Bitcoin ecosystem. It already supports asset transfers between multiple Bitcoin Layer2, allowing users to transfer BTC-related native assets in the ecosystem safely, quickly and cheaply.
Use Bybit Wallet to cross-chain BTC from BEVM to Merlin or other chains through oooo.money to complete this task.
Mission details
Step one: Go to the oooo.money official website https://bevmswap.xyz/.
Step 2: Click Bridge to enter the cross-chain page, connect to Bybit Wallet and choose to transfer out of Merlin. Choose to transfer to the BEVM chain, fill in and confirm the receiving address (Receiving Address). Fill in the number of cross-chain assets and click Transfer.
Conclusion
Less than 2 months after being launched on the mainnet, BEVM has become the first BTC Layer2 project to cooperate with Binance Wallet and airdrops Ordinal·Runes exclusive runes to users. This BEVM x Bybit airdrop event is about to kick off. This will be an excellent opportunity to experience the BEVM ecosystem and win token rewards.
In the future, BEVM will continue to forge ahead, continue to innovate and develop, and provide users with a more secure, efficient and convenient Bitcoin Layer 2 experience.
Join now and enjoy the feast together!
Reference
https://www.blocktempo.com/binance-cooperates-with-bitcoin-layer2-project-bevm/
https://www.theblockbeats.info/news/53330
BEVM spent seven years honing its skills, how to create a masterpiece of BTC Layer2?
