Satoshi Testnet Campaign :
Complete Quest To Mint Genesis Spark NFT
Since launching the BEVM Testnet on February 28th, Satoshi Protocol has seen an incredible growth :
- 15,000 new followers on Twitter in just under a week.
- 3,500 new members joined our Telegram.
- Discord has grown by 3,000 new members in just 3 days.
Thank you for your amazing support. Onwards to the next phase for Satoshi Protocol.
Genesis Spark, which symbolizes the value of Bitcoin as digital gold, allows each address to mint 1 Genesis Spark NFT before the deadline on March 18th, by completing the specified steps in sequence.
- Date : March 6, 10:00 PM — March 18, 10:00 PM (UTC+8)
- Eligible addresses can mint 1 Genesis Spark NFT.
- Campaign Page : https://app.satoshiprotocol.org/nft
What is Satoshi Protocol
Satoshi Protocol is the first Collateralized Debt Position (CDP) protocol within the BEVM ecosystem, aimed at providing liquidity for BTC through the SAT dollar stablecoin, expanding the scenarios of BTCFi.
Users can deposit BTC as collateral, borrowing a stablecoin pegged to $1 USD, SAT, for free use.
This move unlocks the potential trillion-dollar liquidity within the Bitcoin ecosystem, offering users a way to maintain Bitcoin holdings while gaining liquidity.
What is Genesis Spark NFT
Genesis Spark is the first NFT launched by Satoshi Protocol, named Genesis. The team used gold nuggets to symbolize Bitcoin’s role as digital gold since 2009, highlighting the unrealized potential of its P2P payment network due to scaling limitations.
With 15 years of technological progress and various scaling solutions, Bitcoin’s fourth halving marks a time when Satoshi Nakamoto’s vision might fully come to life.
This initiative represents a small but significant step, inviting everyone to embrace the BTCFi spirit and become the catalyst for transforming traditional finance.
How to Mint Genesis Spark NFT
Create a position and deposit SAT into the Stability Pool; each address will be eligible to claim a Genesis Spark NFT once.
This is unlimited. The deadline is March 18th 2024 at 10 PM UTC+8.
Get Testnet BTC
To get Testnet BTC please first go to BEVM Discord.
Please be aware of phishing links ⚠️.
Setup BEVM Canary TestNet
If you haven’t set up BEVM Canary TestNet, no worries. When you connect to Satoshi APP, it will ask you to approve “add BEVM Canary TestNet” and switch to Testnet without manually setting.
If you run into issues, please follow this tutorial Testnet Setup Guide — by BEVM to setup Testnet in your Metamask.
Create Position
- Go to the Position page and click Create Position.
- Deposit BTC, borrow SAT — ensure the collateral ratio is above 110%, with a minimum of 18 SAT borrowed.
- First, click Approve, then confirm with the wallet.
- After Approve is successful, click on Create Position.
- Success.
Deposit SAT into Stability Pool
- After successfully borrowing SAT, proceed to the Stability Pool page.
- Enter the amount of SAT to deposit and click Deposit.
- After completion, navigate to Campaign.
- Complete the above steps to qualify, then click Mint.
- Successfully minted the NFT.
Tutorial for minting Genesis Spark NFT
Website : https://app.satoshiprotocol.org/dashboard/nft
To conclude, Satoshi Protocol has launched the Genesis Spark NFT to celebrate our new phase.
We’ve seen an impressive growth : 15,000 new followers on Twitter, 3,500 new members on Telegram, and 3,000 new Discord members in just a short span of time.
Now, we’re inviting you to mint your Genesis Spark NFT by March 18th 2024.
Deposit BTC, borrow SAT, and join the Stability Pool on Satoshi Protocol.
It’s a straightforward process designed to unlock Bitcoin’s liquidity and integrate it into the broader financial ecosystem.
This is more than an opportunity to own an NFT; it’s a chance to be part of Satoshi Protocol’s journey to innovate and expand Bitcoin’s scenarios.
Join us in shaping the future of BTCFi.
