Recently, the popularity of the Fractal Bitcoin project has once again attracted the attention of major communities to the Bitcoin ecosystem. There is no doubt that in this round of bull market, whether it is the news about BTC ETF, the popular inscription sector in the first half of the year, BTC NFT projects, etc., it can be seen that the Bitcoin ecosystem has always been hotly discussed and has money-making opportunities. Therefore, Odaily Odaily has sorted out 11 Bitcoin ecological projects worth participating in based on project financing, community popularity and other dimensions.
Fractal Bitcoin: Bitcoin Scaling Solution
Reasons to participate
Image source: Official Twitter
Fractal Bitcoin is an innovative expansion solution, which can gradually expand the Bitcoin blockchain and transform it into a scalable computing system while maintaining full consistency with the Bitcoin main chain. As the only native expansion solution that is instantly compatible with Bitcoin, it achieves effective expansion of the Bitcoin network without affecting the integrity of the main chain.
Fractal is a project that relies entirely on the powerful infrastructure and technology of the Unisat team. Its consensus mechanism uses proof of work, the same as Bitcoin. Miners can use existing ASICs, GPUs and other hardware devices for mining, and the block generation time is 30 seconds.
Interactive Tutorial
First, prepare for the interaction:
STEP 1. Download and install the unisat wallet plug-in ( click here to jump to the download link ).
STEP 2. Switch the wallet network to the Fractal network.
STEP 3. Receive test coins ( click here to jump to the link ), copy the wallet address and click Claim to receive test coins, 0.002 tFB each time (another test coin receiving platform, link: https://fractal-faucet.opnet.org , 0.05 tFB each time).
Next, we will conduct a specific interactive tutorial:
STEP 1. Deploy inscription: After entering the official website (click this jump), connect the wallet and select the Inscribe column. Enter 4 letters in Tick and click "Next". After selecting the receiving wallet, check the bottom and then "Submit", and finally click "Pay invoice".
STEP 2. Cast the inscription. You can choose the inscription you just deployed ( click here to jump to the link ): Under the Inscribe column, select "Mint", select the inscription you want to cast, and click "Next".
STEP 3. Cast a small picture with inscription: Select Files under the Inscribe column, then drag and drop a picture into it, check the box at the bottom, and click "Submit" and "Pay with wallet" to confirm.
STEP 4. Purchase inscriptions in the trading market: Select the BRC 20 type under the "Marketplace" column and purchase an inscription at random.
STEP 5. Sell inscription: Select the BRC 20 asset you hold and place an order to sell as shown in the figure below.
Corn: Building a high-yield Ethereum L2 around Bitcoin
Reasons to participate
Image source: Official Twitter
Corn aims to enhance the utility of Bitcoin and introduce new yield-generating opportunities. Corn is a new Ethereum L2 network that uses a tokenized Bitcoin BTCN as the network's gas fee and economic incentives. It not only supports native BTC cross-chain bridging functions, but also uses BTC as a fuel token, and integrates DeFi applications of leading protocols, solving the immediate needs of Bitcoin in the DeFi field.
It is worth noting that on August 19, Corn completed a US$6.7 million seed round of financing , led by Polychain Capital, with participation from Binance Labs, Framework Ventures, OKX Ventures, HTX Ventures and Relayer Capital.
Corn receives investment from Binance Labs
Interactive Tutorial
Currently, Corn has opened a new task on Galxe, and the event will end on August 23, so hurry up and complete it.
Interactive website: https://app.galxe.com/quest/CORN/GCJZttxWSs
This period's tasks in Galxe require a Galxe passport and participation in simple Twitter social and Discord identity authentication tasks. A total of 2500 points.
Babylon: A protocol that allows BTC to earn interest through staking
Reasons to participate
Image source: Official Twitter
Babylon is a BTC staking protocol that allows BTC holders to earn income from idle Bitcoin in a secure way: without third-party trust or bridging Bitcoin to any other chain. Holders only need to lock their Bitcoin in a self-custodial manner to gain the right to verify the PoS chain and earn income in return. Supported by the protocol's fast unbinding and scalable re-mortgage functions, BTC stakers can also enjoy maximum liquidity and income. It is reported that the first phase of the Bitcoin staking mainnet launch will be launched next week, and Bitcoin holders will be able to start locking BTC for staking.
At the end of May this year, Babylon announced the completion of a new round of financing of US$70 million , led by Paradigm, with participation from Polychain Capital, the venture capital arm of cryptocurrency exchange Bullish (also the parent company of CoinDesk), HashKey Capital, Mantle, HackVC, ViaBTC Capital, Amber, imToken, Breyer Capital, IOSG, HTX Venture and LD Capital.
Babylon announces completion of new round of financing of US$70 million
Interactive Tutorial
Interactive link: https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/44
Babylon's interactive task is the 23rd activity of OKX Web3 wallet, with a total of 4 tasks. Users who participate in the activity will be eligible to share the rewards of Babylon and its ecological projects. This activity is the latest activity of OKX Web3 wallet Cryptopedia, and nearly 6,000 people have participated so far.
Task 1: Social media task, which can be completed by following the official Twitter account.
Task 2: B² Network Task
STEP 1. Follow @BSquaredNetwork on Twitter.
STEP 2. Pledge BTC, select the second B² Network+UniRouter, click deposit to pledge and you can get B² Network+UniRouter+Babylon triple rewards at the same time. ( Click here to jump to the link )
Mission 3: Chakra Mission
STEP 1. Follow @ChakraChain on Twitter.
STEP 2. Pledge BTC. Currently, it is pre-pledged. The minimum deposit is 0.0001 BTC. For every 0.0001 BTC deposited, you can get 1 Chakra Prana every day ( click here to jump to the link ).
Mission 4: Bedrock Mission
STEP 1. Follow @Bedrock_DeFi on Twitter.
STEP 2. Use OP to exchange WBTC. Open the exchange website ( click here to jump to the link ), click Exchange, and use OP to exchange WBTC (exchange at least $10 worth of OP tokens).
STEP 3. Pledge WBTC to obtain uniBTC and subscribe for the WBTC you just pledged.
Bitlayer: The first Bitcoin L2 based on BitVM
Reasons to participate
Image source: Official Twitter
Bitlayer is a second-layer project that aims to improve the scalability of Bitcoin. Bitlayer is unique in that it is the first second-layer solution based on BitVM, and it is also the first second-layer project that fully inherits Bitcoin security and has Turing completeness. In addition, Bitlayer has also received strategic investment from Franklin Templeton, a Bitcoin spot ETF service provider, becoming the first Bitcoin infrastructure project to receive institutional investment in ETF licenses.
According to ROOTDATA data , Bitlayer has completed secondary financing with a total amount of up to 16 million US dollars, including:
On March 27, 2024, Bitlayer announced the completion of a $5 million seed round of financing, led by Framework Ventures and ABCDE Capital, with participation from StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital, Kenetic Capital, Pivot Global, Web3Port, Mindfulness Capital, C 6 E Capital, PAKA, Comma 3 Capital and Kronos Ventures;
On July 23, 2024, Bitlayer announced the completion of a US$11 million Series A financing round, led by Franklin Templeton, ABCDE and Framework Ventures, with participation from Stake Capital Group, WAGMI Ventures, Flow Traders, GSR Ventures, FalconX and others.
Interactive Tutorial
Interactive link: https://www.okx.com/zh-hans/web3/discover/cryptopedia/event/37
Bitlayer's interactive task is the 20th activity of OKX Web3 Wallet, with a total of 9 tasks. Users who participate in the activity will be eligible to share BTR token rewards worth 1,250,000 USDT and 100 million Bitlayer points. In addition, each task may also have an independent reward form, such as points, tokens or other incentive mechanisms. Currently, nearly 450,000 users have participated, and the popularity is very high.
Bitlayer activity interface
Task 1: Social media task
Connect to the X account, follow the Bitlayer official X account, like and forward the specified tweets.
Task 2: Bitlayer DApp
Visit the Bitlayer DApp Center, and your wallet will be verified if the assets on Bitlayer are greater than $10.
Task 3: Get Gas on Bitlayer
You can exchange USDT from other networks for BTC from Bitlayer, or you can transfer BTC/WBTC from the second-layer bridge to Bitlayer as long as the cross-chain amount exceeds 15 US dollars.
Task 4: Macaron
Complete a swap between USDT/BTC pairs with an amount of more than 5 USD.
Task 5: Avalon Finance
Just deposit at least 0.0001 BTC on Avalon's Bitlayer chain (you can withdraw BTC at any time after completing the task verification).
Task 6: Vanilla Finance
Follow Vanilla’s official X account and top up at least $1 on Vanilla Finance to get 300 points.
Mission 7: Anome
Just mint any NFT, it costs about $2.
Mission 8: Zearn
Staking BTC worth 1 USD can earn you 50 ZEA tokens, and completing 3 BTC stakes of any amount can earn you another 150 ZEA tokens. (This task is only rewarded to the first 200,000 participating users, and currently about 130,000 users have participated)
Mission 9: GamerBoom
Participate in daily activities (Telegram mini-games) by clicking once a day.
Zeus Network: A permissionless cross-chain communication layer between Bitcoin and Solana
Reasons to participate
Image source: Official Twitter
Zeus Network is a permissionless cross-chain communication layer built between Bitcoin and Solana. It aggregates the advantages of both, namely the transaction speed and scalability on Solana and the liquidity of the huge TVL native assets on Bitcoin, to provide services to users. Compared with other solutions, the core advantage of Zeus Network is that it builds a decentralized, permissionless cross-chain path through SVM (Solana Virtual Machine) and Zeus node technology.
On August 8, APOLLO, the first dApp on Zeus Network, launched its final public testnet. The main operational functions include Bitcoin deposits and withdrawals. Users can seamlessly manage cross-chain assets and prepare for the mainnet launch, when real Bitcoin will be exchanged for zBTC on the Solana ecosystem (zBTC is issued by APOLLO, ensuring that Zeus Network or any other entity does not hold or control users' assets). zBTC provides a completely decentralized way to transfer Bitcoin to the Solana ecosystem without centralized custody.
According to ROOTDATA data , Zeus Network completed $8 million in financing at a valuation of $100 million in April this year and will launch its native token, led by Mechanism Capital, with participation from OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap and The Spartan Group. Angel investors including Solana co-founder Anatoly Yakovenko, Stacks co-founder Muneeb Ali and Mechanism Capital founder Andrew Kang also participated in this round of financing.
It is worth mentioning that Zeus Network is the first project launched on Jupiter LFG Launchpad.
Interactive Tutorial
Although Zeus Network has issued tokens, there are still interactive tasks that you can participate in, such as future token airdrops.
Participate in Zeus Network’s newly launched mission on Galxe: APOLLO Final Testnet Campaign: Prophecy of Light ( click here to jump to the link ).
Solv Protocol: Bitcoin Ecosystem Basic Income Protocol
Reasons to participate
Image source: Official Twitter
