On May 21st, Bitlayer announced that the first Dapp leaderboard competition will officially start on May 23rd, offering a $20 million token airdrop to projects deployed on the Bitlayer mainnet, with all rewards distributed based on the Bitlayer ecosystem contribution. Projects can choose to allocate all airdrop rewards to users.

This competition is part of the Bitlayer $50 million token developer incentive airdrop program, Ready Player One. After this competition, the remaining token rewards will be distributed through subsequent leaderboard competitions and the Bitlayer Most Valuable Player (MVP) program.

Dapp Leaderboard Competition Schedule

The Dapp leaderboard competition consists of two phases with the following specific timeframes:

• Epoch 1: 4 weeks, expected from May 23rd to June 23rd
• Epoch 2: 8 weeks, expected from June to August

Introduction to Airdrop Allocation Rules

The current Dapp leaderboard competition will distribute a $20 million token airdrop to all projects deployed on the Bitlayer mainnet based on their ecosystem contribution.

What is Bitlayer's Contribution?

The evaluation indicators for ecosystem contribution include TVL, effective transaction count, active user count, and Bitlayer popularity rankings. Bitlayer will track the above data daily and allocate corresponding Bitlayer Gems to participating projects.

The specific definitions of the four major indicators are as follows:

• TVL: Total value locked in the Bitlayer mainnet
• Effective transaction count: Number of valid transactions involving project Dapp contracts
• Active user count: Number of valid addresses interacting with project Dapp contracts on-chain
• Bitlayer popularity rankings: Cumulative number of popularity votes during the preparation period

Projects can optimize the corresponding indicator values based on their track and product characteristics, such as increasing TVL, enhancing user interaction, increasing the number of active users, and improving popularity rankings to increase Bitlayer ecosystem contribution and earn more Bitlayer Gems.

What Determines the Number of Bitlayer Gems Earned by Projects?

During the competition, any on-chain interaction by users within the ecosystem application accumulates Bitlayer Gems for the project. The more user interactions, the more Gems the project earns. The corresponding rewards are calculated and distributed daily.

When Will the Airdrop be Distributed?

The airdrop during this competition will be distributed daily in the form of Bitlayer Gems and exchanged for Bitlayer Tokens (BTR) according to the rules after TGE.

From the first day of the competition, projects can choose whether to allocate 100% of the token incentives to users. If fully allocated, the Bitlayer Gems received by the project will be automatically distributed to interacting users after the competition ends.

In addition to Bitlayer Gems, what other support can projects receive?

Bitlayer will set up three leaderboards on its official website for TVL, protocol transaction count, and popularity rankings, providing additional exposure for outstanding and top-ranked projects. Additionally, Bitlayer has allocated a $2 million listing fund and $100 million in liquidity support for projects.

How Can Users Participate in the Bitlayer Ecosystem?

With the launch of the Bitlayer Dapp leaderboard competition, the opportunity for crypto users lies in participating in Bitlayer ecosystem projects, such as staking assets and increasing on-chain interactions to enhance activity, thereby increasing Bitlayer Gem rewards for projects and having a high probability of receiving project-provided Bitlayer Gem rewards, which can be exchanged for Bitlayer Tokens (BTR) after TGE.

To participate in on-chain interactions within the Bitlayer ecosystem, users can use the official bridge to cross-chain BTC to Bitlayer. The specific tutorial can be found at this link.

If your assets are on the Ethereum chain, you can also use the third-party bridge Meson to cross USDT, USDC, and ETH assets into Bitlayer. The specific tutorial can be found at this link. If there is no Gas in the wallet, you can also quickly exchange ERC20 or TRC20 USDT for Gas using the official "Get Gas" feature. The specific tutorial can be found at this link.

About Bitlayer

Bitlayer is the first Bitcoin secure equivalent Layer 2 based on BitVM. The core goal of Bitlayer is to solve the trade-off dilemma between security and Turing completeness in Bitcoin Layer 2 through cryptographic innovation and blockchain engineering.

Bitlayer aims to be the computational layer for Bitcoin, introducing super scalability to Bitcoin while inheriting its security, providing users with a high-throughput, low-cost trading experience.

Please follow Bitlayer's updates through the following channels:

Website | Twitter | Discord | Medium | Github | Youtube

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