On the evening of February 1st, BSquared Network, the most anticipated project of BTC Layer2, launched the second phase of its mining activity B² Buzz. In the second stage, users can deposit assets in B² Buzz, exchange for parts, and assemble mining machines with parts to prepare for the next stage of mining.
This article will provide the most complete explanation and guide for the second phase of B² Buzz mining (the operation tutorial is at the end).
1. What is B² Buzz?
B² Buzz is a mining activity launched by B² Network, one of the current leaders of BTC Layer2. Mining pools include but are not limited to:
·5% of B² Network’s total token supply
·Native income from assets such as ETH - StakeStone's decentralized cross-chain staking solution is adopted here, which will automatically capture about 4% of the ETH POS income and future restaking and re-staking income on the B² side.
·Ecological Project Income - B² has always emphasized the construction of ecological projects and the need to create wealth by being a new layer 2. Perhaps participating in Buzz will become a golden shovel for the future ecology and obtain the alpha assets after the mainnet is launched as soon as possible! Therefore, it is recommended that everyone rush to do it more or less, maybe there will be blessings.
B² Buzz has four stages, and we are currently in the second stage:
Phase One: Register and Invite Friends
The second stage: save money to get accessories and assemble the mining machine with the accessories
The third stage: use mining machines to mine B² tokens (after the mainnet goes online in February)
Phase 4: Withdrawal (April)
2. Why rush B² Buzz?
B² Network is a powerful Layer 2 and one of the few BTC Layer 2s with a Bitcoin mainnet verification Rollup solution.
Due to the limitations of the Bitcoin network itself, the BTC Layer 2 of Rollup cannot directly implement verification on the BTC main network. Therefore, most of the solutions adopted by Rollup are to only upload without verification, which sounds extremely outrageous. If the project side does evil, Asset safety is not guaranteed. However, B² Network achieved verification in a roundabout way, that is, the security of B² Network actually inherited the Bitcoin mainnet. For details, you can refer to an analysis written by Haotian. It is said that this solution was actually developed after a year of research. The launch shows that B² Network is very determined to verify Bitcoin Rollup.
It is precisely because of its absolute technical advantage in this area that B² Network launched the first BTC ecosystem DA layer concept, B² Hub, that is, other Bitcoin Rollups can use B²'s verification services together with B² Rollup. This can not only provide convenience to other Bitcoin Rollups, avoid reinventing the wheel, and allow them to better focus on the application layer, but also greatly alleviate the on-chain pressure brought by multiple layer 2 to Bitcoin - verifying one rollup and verifying ten rollups are all The required blocks are the same. Therefore, B² Network is not only a Layer 2, but a more important role is to provide DA layer Bitcoin mainnet verification services for other Layer 2, which will inevitably increase the valuation expectations of B² Network's future tokens in the market.
In addition, B² Network has also attached great importance to ecological construction from the early days and issued a million-dollar Grant plan, which is really not easy for an early project. B² Network’s follow-up ecological projects are likely to have golden dogs, and ambushing them in advance is actually the best way for ordinary people to grab early chips. Participating in B² Buzz is holding a golden shovel.
In terms of financing, B² Network’s seed round financing camp is extremely luxurious, including HashKey_Capital, OKX_Ventures, IDGCapital, KuCoinVentures, ABCDELabs, Waterdripfund, OGs Fund and Antalpha Group. OKX, ABCDE and Shuididuli Milk Project.
The partners are also some well-established and good projects, such as AltLayer, Polygon, DEGO, RACA, etc. The project side is also striving to achieve its goals. It has the widest user area coverage among the emerging BTC Layer 2 - the basic market is large.
The current total market value of Ethereum Layer 2 is 18 billion US dollars, and most of Bitcoin Layer 2 have not even issued coins yet. If we think about the ultimate form of Bitcoin Layer 2, theoretically it should even be much higher than the space of Ethereum Layer 2. The BTC ecosystem will eventually replicate and surpass the prosperity of Ethereum Layer 2. B² Network is currently one of the leaders in BTC Layer2, and the future is promising. The project is still in its early stages, and B² Buzz is a good opportunity to participate early.
In the future, the market value of the leading Bitcoin Layer 2 project should be at least US$1 billion. If compared to the top layer 2 of Ethereum, it is not an exaggeration to reach 5 billion or 10 billion US dollars.
B² Buzz’s prize pool is also extremely attractive. A total of 10% will be used to give back to early community building, of which 5% will be used for the Buzz prize pool.
3. Buzz invitation and rebate mechanism
Buzz follows Manta's team-building mechanism. That is, you and the person who invited you are a team, and you and the person you invited are also a team. Each team can unlock more accessory rewards when it reaches a certain recharge amount.
Inviters can get two levels of rewards, 16% and 8% respectively. For example, if A invites B, and B invites C, A can get 16% of B's reward and 8% of C's reward, but this part is an additional bonus given by the project party. , it is not that part of the amount from B and C is given to A.
4. Reward rules
Mining machines are divided into three types: CPU mining machines, GPU mining machines and AISC dedicated chip mining machines. Each type corresponds to different computing power. The ratio is 1:10:100. The higher the level of mining machines, the more B² Tokens you can obtain in the future. .
Mining machine assembly is divided into ordinary assembly and advanced assembly. Each user unlocks ordinary assembly by default, and advanced assembly can be unlocked after the group reaches a certain amount of funds. Ordinary assembly consumes 10 parts, with a 78% probability of a CPU miner, a 20% probability of 2 CPU miners, and a 2% probability of a GPU miner; advanced assembly consumes 80 parts, with a 78% probability of a GPU miner, 20% The probability is 2 GPU mining machines, and the 2% probability is an ASIC mining machine.
5. Step-by-step tutorial
1. Click to enter the event page:
https://buzz.bsquared.network?code=le2l4
2. Click join Now, follow BSquared Network on Twitter, and complete small tasks on the page
3. Enter the recharge page to connect the address, where is the money to be recharged, and what address is connected. A user can connect two addresses, one BTC address and one EVM address. The amount of money deposited later is calculated based on the total amount of the two addresses.
4. After linking the address, start depositing money on the Bridge page
5. Choose to deposit BTC, BRC20 (ORDI, SATS), ETH, USDC, USDT, FDUSD, MATIC and other assets. The supported asset types and chains are rich and you can choose freely.
Currently supported chains and assets:
BTC chain: BTC/ORDI/SATS
ETH chain: ETH/USDT/USDC
BSC: BTCB/FDUSD
Horseshoe: MATIC
6. If you choose to recharge BRC20 assets such as ORDI or SATS, the system will prompt the user to perform inscription and transfer operations in the OKX Wallet or UniSat browser wallet. The user needs to transfer the inscription to the system address through the bound BTC address (cannot be used Exchanges such as Cex transfer funds directly to the system address). After the transfer is completed and awaits network confirmation, you can click [Already deposit] to enter the Rewards page.
7. If you choose to recharge ETH or the corresponding ERC20 assets, switch to the corresponding network and wallet address, fill in the recharge amount, and click [Submit] to invoke the wallet to send the transaction to complete the recharge.
6. Participate in relevant activities to maximize Buzz revenue
There are also several special activities in Buzz that can increase the efficiency of mining machine parts production or obtain additional mining machine parts. You can check to see if you are eligible to participate.
1. Early Participation Award
Users who participate in the first week of the event can enjoy the benefit of doubling the amount of accessories generated in the first week. That is, if the money you deposit can usually get 50 accessories, if you deposit in the first week, you can get 100, but if you deposit in the second week, you can only get 50.
2.BTC OG airdrop
Targeted airdrop accessories for some users who hold BTC ecological core assets. The holding threshold only needs to meet one of the following:
·10 ORDI
·1,000,000,000 SATS
·2,000,000 RATS
·50 ATOM
·0.1 BTC
The condition for receiving this reward is that users must recharge at least 0.01BTC or equivalent asset tokens to Buzz.
3.BlockHeadz NFT airdrop
BlockHeadz NFT is the creation NFT of B² Network, with a total of 10,000 pieces. It will be released as a free mint on Christmas. Currently, there are about 700U off-site. Holders can go directly to receive airdrops of accessories, and one NFT can get 10 pieces. The snapshot is at 8:00 pm on February 1st. If you hold it after the snapshot, there will be no airdrop. The conditions for receipt are the same as above.
Also, as a reminder, you can still participate in the Testnet Odyssey event. It’s completely 0 points and you will be rewarded with points:
https://task.bsquared.network/leaderboard?code=qNOpNha
**Last easter egg:** If you register and participate in staking through my invitation link, you are welcome to send me a private message to join the [B2 Fierce Liver + Meat Eating Group]. The group benefits include but are not limited to: first-hand information on various projects, various whitelists /Airdrop benefits…
