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Bitlayer has announced the details of its BTR token airdrop, which will become claimable starting at 18:00 on August 27. The BTR token serves as the governance token for the Bitlayer ecosystem, with a fixed total supply of 1 billion tokens. Initially, 261.6 million tokens (26.16% of the total supply) will be in circulation. The token will be minted on the Bitlayer network and will support cross-chain functionality via the
mainnet and Smart Chain, enabling broader adoption and interoperability [1].The token distribution plan is structured to support both ecosystem growth and long-term sustainability. Of the total supply, 40% is allocated for ecosystem incentives, 20.25% for investors and advisors, 12% for the core team, 11% for public distribution, 7.75% for node incentives, 6% for the treasury, and 3% for liquidity. These allocations aim to align the interests of all stakeholders and encourage broad participation in the Bitlayer ecosystem [1].
BTR tokens will play a key role in the network's operations, enabling staking, node voting, on-chain governance, and fee distribution. The token’s utility is designed to incentivize active participation and secure the network. Notably, the token's cross-chain compatibility is expected to facilitate integration with major blockchain platforms, potentially increasing its usage and value proposition [1].
In related news, Binance Alpha and Binance Futures will list the Bitlayer (BTR) token on August 27, with trading to begin at 18:00 GMT+8. Binance Futures will also offer BTRUSDT perpetual contracts with up to 50x leverage, providing traders with additional exposure to the token’s price movements. This listing represents a strategic milestone for Bitlayer, as Binance is one of the largest and most trusted platforms in the crypto space [2].
Furthermore, all eligible Binance users will have the opportunity to claim an exclusive Binance token airdrop, with the airdrop available for a limited time between 18:00 on August 27 and 18:00 on August 28. Users can claim the airdrop through the Binance Alpha event page, using their Alpha Points to qualify for the distribution [2].
The timing of the BTR token airdrop and listing coincides with growing interest in blockchain-based governance and decentralized finance (DeFi) ecosystems. With a clear token distribution strategy and a strong listing partner in Binance, Bitlayer is positioning itself to capitalize on current market trends and attract both retail and institutional participants [1].
Source:
[1] Bitlayer announces BTR token economics (https://www.panewslab.com/en/articles/9676b185-76e1-4243-b6a6-f79ab1d666b4)
[2] Binance Alpha and Binance Futures will list Bitlayer (BTR) (https://www.panewslab.com/en/articles/0c42f858-498b-4a0a-aa99-68868cb609fd)
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