Bitlayer Announces Launch of $50M Ecosystem Incentive Program

Bitlayer
4 min readMar 29, 2024

Registration for First Phase — Ready Player One — Now Open

The Bitlayer mainnet is ramping up and ready to go live. In preparation, we’re launching a series of ecosystem incentive programs to officially initiate the first phase of Ready Player One.

Based on the ecological contribution, we will allocate token rewards valued at over $50M to protocols deployed on the Bitlayer mainnet.

The Ready Player One event will open for registration from March 29th, 2024 at 1609:00 UTC, to April 29th, 2024 at 1609:00 UTC, and will officially commence after the Bitlayer mainnet launch. Specific event rules and reward distribution guidelines will be disclosed in subsequent announcements.

Bitlayer is the first Bitcoin Layer 2 network based on the BitVM paradigm, offering Bitcoin-equivalent security and Turing-completeness. For more information about the The Bitlayer mainnet is ramping up and ready to go live. In preparation, we’re launching a series of ecosystem incentive programs to officially initiate the first phase of Ready Player One.

Based on the ecological contribution, we will allocate token rewards valued at over $50M to protocols deployed on the Bitlayer mainnet.

The Ready Player One event will open for registration from March 29th, 2024 at 09:00 UTC, to April 29th, 2024 at 09:00 UTC, and will officially commence after the Bitlayer mainnet launch. Specific event rules and reward distribution guidelines will be disclosed in subsequent announcements.

What is Ready Player One?

To accelerate ecosystem development and incentivize projects to deploy on the Bitlayer mainnet, Bitlayer is launching a series of ecosystem incentive programs– starting with the first event, Ready Player One.

The campaign is an open incentive program designed to distribute token rewards valued at over $50M to protocols and teams that deploy to the Bitlayer mainnet and demonstrate exceptional performance. Bitlayer’s growth is accelerating, and we urge strong projects to join our ecosystem to grow the protocol in exponential ways.

We encourage project teams to explore how to effectively utilize token rewards to achieve broader user adoption alongside our team at Bitlayer.

What to Expect

In addition to generous token rewards, Bitlayer commits to providing comprehensive ecosystem support for all projects, offering the following resources to builders:

  • Potential investment from the foundation and institutions
  • Initial liquidity support
  • Comprehensive product development resources
  • Mentorship and pitch opportunities from top-tier incubators
  • Support from the Bitcoin community and OGs
  • Ecosystem collaboration and co-creation

All teams participating in the Ready Player One program are eligible to apply for these resources. We will regularly announce a list of projects receiving Bitlayer’s support, ensuring that your innovations receive the growth and resources they deserve.

Who Can Participate?

Bitlayer aims to build a rich, composable, and exciting ecosystem. We not only encourage existing crypto entrepreneurs to shift their focus to the Bitcoin ecosystem but also strongly support developers in building Bitcoin-native applications based on Bitlayer.

Below are the tracks that Ready Player One fully supports and plans to expand into broader areas in the future:

  • DeFi: BTC DEXes; Lending & Derivatives
  • Infrastructure: Bridges; Account Abstraction for BTC Wallets
  • NFT/Ordinals: Ordinals Marketplaces; Bitlayer-Scriptions
  • BTC-Backed Stablecoins
  • Decentralized Identity and Privacy Solutions
  • GameFi
  • SocialFi
  • Real-World Assets (RWA)
  • …and historic new innovations from you

How to Participate?

If you are interested in participating in Ready Player One, follow the steps below to complete registration within the enrollment period (i.e., 2024.03.29 at 09:00 UTC — 2024.04.29 at 09:00 UTC). This will help you to prepare adequately for the official launch:

  1. Visit the event registration link and submit the registration form as required before the deadline.
  2. Join the Bitlayer Builders community on Telegram to access comprehensive product development resources.
  3. Gain an in-depth understanding of Bitlayer and attempt to deploy on the Bitlayer testnet.
  4. Keep a close eye on official announcements and be ready to deploy on the Bitlayer mainnet at the earliest opportunity. We’ll release the announcement of our mainnet launch through official channels.

About Us

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.

To attract a broader range of developers to participate in the construction of the Bitlayer ecosystem, Bitlayer plans to launch a series of ecosystem incentive programs. Ready Player One will be a key step in the implementation of this plan, supporting the sustainable development of early participants in the Bitlayer ecosystem.

Follow us to stay updated on everything Bitlayer:

Website | Twitter | Discord | Medium | Github

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Bitlayer

The First Bitcoin security - equivalent Layer2 based on BitVM.