Bitcoin News Today: Binance Wallet Launches Bitlayer Pre-TGE and Booster Program Offering 5% BTR Token Allocations at $0.02 per Token

Binance Wallet is set to host the Bitlayer (BTR) Pre-Token Generation Event (Pre-TGE) and a parallel Booster Program, offering early access to its native token ahead of a public listing. The Pre-TGE will allow eligible participants to subscribe to 2% of BTR’s total supply (20 million tokens) at $0.02 per token, paid in BNB, with a maximum contribution of 3 BNB per user [2]. Simultaneously, the Booster Program will distribute 3% of the total supply (30 million BTR tokens) to users completing specific tasks within the Binance Wallet app [2]. Both initiatives require participants to hold at least 61 Binance Alpha Points, a metric reflecting engagement within the Binance ecosystem [2].

The Pre-TGE operates on a first-come, first-served basis, with tokens allocated proportionally based on contributions and subject to a lock-up period until the TGE date, which has not yet been announced [2]. Tokens acquired through the Booster Program will also be locked during a vesting period, with distributions tied to task completion. The dual approach aims to incentivize user activity while ensuring token distribution aligns with project milestones [2].

Bitlayer, a Bitcoin Layer 2 infrastructure project, positions itself as a solution to enhance Bitcoin’s scalability and utility through smart contracts and decentralized finance (DeFi) integration. The project leverages BitVM technology to enable programmable functionality on Bitcoin, aiming to expand its application beyond traditional transactions [2]. BTR tokens serve dual roles as governance and utility assets within the ecosystem, enabling staking, node voting, and fee adjustments [2].

Eligibility for both programs hinges on Binance Alpha Points, which users accumulate through wallet activity such as transaction volume, app engagement, and participation in campaigns. The Pre-TGE’s exact participation threshold will be disclosed closer to the event, with users advised to update their Binance Wallets and review campaign rules before committing funds [2]. The lock-up period for tokens is a standard practice in token generation events, designed to prevent speculative dumping and stabilize tokenomics [2].

Binance’s involvement underscores its strategy to foster early-stage engagement with emerging blockchain projects. By leveraging its wallet platform, the exchange provides a structured pathway for users to align with projects like Bitlayer before broader market exposure. This aligns with Bitcoin’s evolving role as a programmable asset, though long-term success will depend on Bitlayer’s technical execution and adoption rates [2].

Participants are advised to weigh the benefits of early access against the constraints of lock-up periods and market risks. For those aligned with Bitcoin’s DeFi potential, Bitlayer’s initiatives represent a strategic opportunity to engage with a project aiming to redefine Bitcoin’s capabilities through layered infrastructure [2].

Source:

[1] [Bitlayer Pre-TGE Launch is Few Hours Away on Binance Wallet]

https://www.coingabbar.com/en/crypto-currency-news/bitlayer-pre-tge-launch-few-hours-away-binance-wallet?srsltid=AfmBOorma-IcCZ4DaoKF-bORAlZJBp-OmVCqLxPc4EWMNg0YB1pUKSrD

[2] [Bitlayer Airdrop and Pre-TGE: How to Join via Binance Wallet]

https://chainplay.gg/blog/bitlayer-binance-wallet-airdrop-pre-tge/