Announcing Bitlayer Mining Gala Event: Win $23 Million in Token Airdrop Rewards

Bitlayer
2 min readMay 24, 2024

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On May 24th, Bitlayer announced the launch of its first Mining Gala Event in collaboration with seven ecological projects: Lorenzo, Bitsmiley, Avalon, Bitcow, Pell, Enzo, and Bitparty. This event will offer users token airdrop rewards with a total value exceeding $23.24 million, along with additional opportunities to obtain generous rewards.

Important Date

The event is set to last for two weeks, from May 27th to June 10th.

Prizes

The rewards for this event are composed of two parts:

  • Exclusive Airdrop for the Mining Gala: These seven projects will provide users with an airdrop of tokens worth more than $23.24 million in total value, with most tokens expected to complete a Token Generation Event (TGE) within 1–2 months.
  • Bitlayer Dapp Leaderboard Competition Airdrop: The projects have committed to distributing 100% of the Bitlayer Gems they received from the Bitlayer Dapp Leaderboard Competition to users. After the competition ends, users who have interacted with any of the projects will be able to exchange the obtained Bitlayer Gems for Bitlayer tokens (BTR) at a certain ratio after the TGE.

How to Participate

Users can log into the exclusive event page for Bitlayer’s Mining Gala Event and complete the corresponding tasks according to the process.

  • Bitlayer Mining Gala Event Page: Based on the interaction tasks set by the projects, as long as users engage in various on-chain interactions such as providing liquidity, creating a new trading pair, and staking or borrowing assets, they can obtain the corresponding project’s airdrop eligibility according to the rules, and participate in the distribution of the corresponding prize pool. In addition, after completing at least one task set by a single project and sharing it with their friends, users can mint for free the exclusive Bitlayer Mining Gala Pioneer Badge corresponding to the project.
  • People’s Launchpad Event Page: Some projects will set interaction tasks on this platform. As long as users complete the corresponding tasks, such as following social media accounts, inviting new users, and engaging in various specified on-chain interactions, they can participate in the distribution of the corresponding prize pool.

Note: Bitlayer will officially announce the specific event page details later, please continue to stay tuned.

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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Bitlayer

The First Bitcoin security - equivalent Layer2 based on BitVM.