the first bitcoin security-equivalent layer2 based on bitvm
Dear Investor,
BitLayer is at the earliest stages of a Crypto Start-up. The team expertise and background is world-class. Many projects at early-investing stages do not have too much information, those can be the biggest winners in your portfolio. By taking the risk no one takes, you get the highest return.
Bitlayer is built by a sophisticated public blockchain team. Founders from Huobi, Polygon, and Polkadot, boast years of practical experience in leading public blockchains and have achieved top-notch industry results.
This is a serious start-up.
aphx capital
BitLayer
Bitlayer is the first Layer 2 solution offering Bitcoin-equivalent security and Turing completeness. It’s also the first Layer 2 built on BitVM, aiming to be the computation layer of Bitcoin.
“Bitlayer can be understood as a powerful smart contract system established on top of Bitcoin. Its promise is to provide Bitcoin with programmable decentralized computing (like Ethereum), but with a potentially cheaper, faster experience, all backed by the equivalent security guarantees provided by Bitcoin,” said Kevin He, cofounder at Bitlayer.
With hundreds of millions of potential users as an addressable market, Bitlayer and the Bitcoin Layer 2 landscape is positioned to bring scalability at a previously unthinkable scale.
Team behind Bitlayer
Bitlayer is built by a sophisticated public blockchain team. Founders from Huobi, Polygon, and Polkadot, boast years of practical experience in leading public blockchains and have achieved top-notch industry results.
The Revival of a Bitcoin-Building Culture
Inscriptions, Ordinals, BRC-20s, NFTs, DeFi, Layer 2s…these developments signal a major movement in the Bitcoin paradigm towards the development of applications, infrastructure, and entire industries built on top of Bitcoin blockchain technology.
Another signal, perhaps the biggest of them all, was the SEC’s approval of Bitcoin ETFs and the ensuing scramble for exposure from major TradFi companies. Bitcoin purchased through Grayscale, ARK 21Shares, Franklin Templeton, Fidelity and others totaled more than 10x that of what miners were able to extract from the protocol in late February, 2024.
The Bitcoin L2 ecosystem is expanding rapidly and gaining more traction. With the rise in popularity, other innovative solutions like Mintlayer are also developing their infrastructure to support smart contracts, offer privacy, and scale Bitcoin without trading off security and decentralization.
There are several catalysts that lie ahead for Bitcoin Layer 2 solutions, signaling potential growth in the future. For instance, with the increasing adoption of cryptocurrencies worldwide, the overall demand for L2 solutions is expected to grow exponentially. As more and more people start using Bitcoin DeFi, the need for efficient and secure L2 solutions will grow in importance and urgency.
Furthermore, as the technology behind L2s continues to mature, the overall user experience will improve significantly. This, in turn, will encourage more people to use L2 solutions, leading to a more robust and resilient Bitcoin ecosystem. L2 solutions are not only essential for Bitcoin's growth but also for its long-term sustainability.
Team world class connections and Backers
Team is comprised of founders from Huobi, Polygon, and Polkadot, boasting years of practical experience in leading public blockchains and have achieved top-notch industry results. Their connections in the crypto space are unmatched.
Bitlayer is backed by Asian leading VC such as ABCDE Capital, in talks with over 50 leading VCs in the infra and bitcoin ecosystem. Bitlayer team also has established the BitVM Asia community, setting up the bitcoin layer 2 standards, with a lot of good feedbacks. The 1st version testnet will be launched in March, 100% EVM compatible.
our deal
Investment round: Seed extended
Token Price: 0.12$
Valuation: $120m
Token launch: Q2 2024
OUR ALLOCATION: $300-400k
Vesting: 0% on TGE, 6m cliff, 24m vesting (Staking APY before launch: up to 100-125%)
MIN: 500$
MAX: 10 000$
Fee: 19.%
STABLE COIN: USDT,USDC (BEP20 ONLY)
