Bitlayer Mining Gala Season 1 Incentive Distribution Announcement
19 Jun 2024
Bitlayer Mining Gala Season 1 has successfully concluded. Users who participated in the event will have the opportunity to receive generous rewards such as token airdrops, Bitlayer gem airdrops, and exclusive Mining Gala Pioneer badges.
1. Project Token Airdrops
Users who actively participated in Bitlayer Mining Gala Season 1 tasks will receive token airdrops from the corresponding project. The project team will complete the points settlement of the corresponding value rewards before the specified date. Users can query their accumulated points through the corresponding link and redeem them for tokens after the project TGE.
According to the projects’ disclosures, the points issuance time and query entrance are as follows:
- Lorenzo Protocol: Points distributed by June 15
Query entrance: https://x.com/LorenzoProtocol/status/1802004308499878165
- Avalon Finance: Points distributed by June 17
Query entrance: https://app.avalonfinance.xyz/points/
- Enzo Finance: Token incentives distributed after Q3 TGE
Query entrance: https://enzo.finance/markets (After entering the website, click Collect at Enzo Reward)
- BitParty: Points distributed by June 25
Query entrance: https://docs.bitparty.tech/bitparty-season-3-address (The valid address has been published, and the points will be announced later)
- bitSmiley: Real-time distribution, points distributed by June 17
Query entrance: https://www.bitsmiley.io/app/bit-point
- bitCow: Points distributed by June 17
Query entrance: https://bitcow.xyz/campaign
- Pell Network: Points distributed by June 17
Query entrance: https://app.pell.network
2. Bitlayer gems airdrops
Users’ active on-chain interactions during this mining gala helped the project stand out in the Ready Player One Dapp ranking competition. Bitlayer will fairly distribute Bitlayer gem airdrops as incentives for project owners and developers based on on-chain data performance such as TVL and cumulative transaction counts during the competition.
Bitlayer gems are not only proof of the contribution of the ecological project but also represent potential incentives for ecological users. The projects participating in the mining gala promise to distribute 100% of the Bitlayer gems they won in the ranking competition to users who participate in the project’s on-chain interactions. So far, the number of gems accumulated by the mining gala projects is as follows:
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Lorenzo Protocol: 6,923,000 Gems
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Avalon Finance: 3,549,269,678 Gems
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Enzo Finance: 136,815,338 Gems
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BitParty: 9,462,149 Gems
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bitSmiley: 553,715,724 Gems
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bitCow: 345,822,214 Gems
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Pell Network: 377,402,874 Gems
Specific query link: https://www.bitlayer.org/ready-player-one/ranking-list/tvl
3. Exclusive Mining Gala Pioneer Badge
During this mining gala, we provided exclusive Mining Gala Pioneer Badges to all users who participated in the project’s on-chain interactions. These badges are not only proof of participation but also proof of rights to unlock additional incentives in the future.
We will soon launch the Bitlayer User Center to record each user’s on-chain behavior, activity participation, exclusive badge collection, and other information. This center will also provide an exclusive appearance display function for users holding Mining Gala Pioneer Badges. This will help us better identify loyal users of the Bitlayer ecosystem and allocate future incentives more effectively.
About Bitlayer
Bitlayer is the first Bitcoin Layer 2 solution based on the BitVM paradigm. Bitlayer’s core objective is to address the trade-off between security (trustlessness) and Turing completeness in BTC layer 2 through cryptographic innovations and blockchain protocol engineering.
Bitlayer is committed to becoming the computation layer for Bitcoin, aiming to introduce ultra-scalability to Bitcoin while inheriting its security, providing users with a high-throughput, low-cost transaction experience.
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