Recently, the cryptocurrency market has shown a narrow range of fluctuations, with BTC prices continuously oscillating between 70,000 and 90,000 USD. In the absence of significant positive catalysts, the community has shifted its focus to some leading projects that have not yet had their TGE. After more than a year of ecosystem development, the TGE timing for some major Bitcoin ecosystem protocol projects is also approaching the critical point.
Recently, in response to community concerns regarding the project's TGE, high on-chain GAS fees, weak official asset helmet empowerment, and the ecological wealth creation effect, Bitlayer co-founder Kevin He made a focused response and highlighted the technological progress and future plans of BitVM.
In addition, to better collect community feedback, the Bitlayer team has initiated a call for community development proposals. Participants can provide their input by filling out the survey (, with the specific link being: ). Users who provide valid suggestions will have the chance to receive rewards.
The following is the content organized based on Kevin's response to the recent hot topics discussed in the Bitlayer community, as follows:
About TGE and Community Incentives
Question 1: Bitlayer completed its seed round financing in March 2024, followed by a successful completion of Series A and A+ financing totaling 25 million USD. The team also early on airdropped BTR as rewards to community users during operational activities. Does the team have a clear timeline for the project's TGE? What stage is it currently in?
Kevin: We are indeed in the final stage before the TGE. The TGE phase will involve systematic work in multiple dimensions, including finalizing the token economic model, adapting to the global compliance framework, and communicating with exchanges and market makers. However, due to confidentiality agreements with partners, we are currently unable to disclose a specific timeline.
It is clear that we have made positive progress in all aspects. Once all necessary processes are completed and final confirmation is obtained, we will promptly share updates through official announcements, community channels, and other means. Please stay tuned for good news.
Question 2: When does the team plan to announce the token economic model? How is the token distribution ratio set? What is the utility of the BTR token?
Kevin: The design of the token economic system is a key pillar of the project's long-term ecological value. The team has always promoted related work with rigor and sustainability as core principles. Currently, details such as token distribution ratio, release rules, and utility scenarios have entered the final verification stage.
We understand the community's expectations for the TGE, but we are currently unable to disclose specific details. We promise to fully publish the token economic model through official channels at an appropriate stage before the TGE and to allow the community ample time to interpret the rules. Later, the latest information can be found in the official articles.
Question 3: Is there a lock-up rule for the BTR rewards that users receive through activities such as the Head Mining Festival and BTCFI Carnival? How can the team prevent large-scale selling pressure in the market after the token launch?
Kevin: The locking rules for BTR rewards mentioned above are related to specific activities, such as the airdrop in the 3rd phase of the mining festival and the racing card draw activity in the user center, which correspond to non-locked BTR rewards. For more details, you can refer to the relevant activity announcements for confirmation.
Overall, our design for airdrop rewards strictly follows the principle of binding contribution and long-term value. The entire reward distribution process will set differentiated release cycles based on on-chain behavior and ecological participation levels. The specific rules and details will be fully disclosed in an official announcement before the TGE, and the community will be open for Q&A.
Question 4: The Lucky Helmet is the first officially issued NFT by Bitlayer. Will there be other empowerment initiatives in the future?
Kevin: The helmet is Bitlayer's first official NFT. Holders are the first batch of users of Bitlayer. Prior to this, we have provided point bonuses and other empowerment to helmet holders during the Head Mining Festival, and conducted exclusive airdrops of BTR tokens. The team has no reason to give up on helmet empowerment. We promise to provide more empowerment in various activities in the future. If holders have better suggestions, they can contact the Bitlayer team for feedback.
Regarding ecological development and operational strategy
Question 5: Everyone has noticed that some Bitlayer ecosystem projects have suspended operations. Does Bitlayer not have an auditing mechanism when collaborating with ecosystem projects? Additionally, the entire Bitlayer ecosystem currently does not have a wealth creation effect and does not receive much attention. How do you view this issue?
Kevin: As the operator of the Bitlayer public chain, we welcome more project teams to build on it and actively provide various infrastructure support. However, the entire chain ecosystem is still in its early stages. The maturation of the ecosystem will require a long process of technical validation, developer accumulation, and market recognition iteration. Inevitably, there will be many projects of varying quality during this period, but we must also recognize that many innovative products have emerged within the ecosystem.
As for the lack of wealth creation benefits, my understanding is that this is an issue for the entire industry, not just for Bitlayer. We believe that as BTCFi and the entire chain continue to develop, ecological projects will surely usher in a prosperous phase.
Question 6: Bitlayer's head mining festival has collaborated with so many ecological projects, but the rewards ultimately realized by the projects are not enough to cover the interaction's Gas fees.
Kevin: Over the past year, Bitlayer has actively collaborated with ecological projects and attracted users to participate through incentives such as points and tokens. As for the issue of the rewards from the project being realized to varying degrees, one important reason is the current general market conditions, where price performance may not meet everyone's expectations. I believe that as the market improves, the overall performance will change for the better.
Regarding the issue of the difficulty in redeeming airdrop rewards for ecological projects based on community feedback, the team is currently accelerating the development of the Quick Jump solution, which is aimed at addressing the demands between partners and users. This will help users to transfer airdrop rewards obtained from participating in Bitlayer ecological project interactions across chains at nearly zero cost. This feature is expected to be implemented in two weeks. Additionally, we are actively promoting solutions to address the Gas interaction cost issue across the entire chain and believe that a satisfactory answer will be available soon.
Question 7: The Bitlayer ecosystem is currently not very prosperous. What options do users have for cross-chain BTC entry into the Bitlayer ecosystem?
Kevin: First of all, the high prosperity of ecology is indeed a process. At the same time, the team has considered the actual needs of users and launched the BTCFi Yield entry (DeFi products for user experience). Currently, the market demand for products with relatively high APR is still very high. For example, the first phase of BTC Yield with a quota of 600 BTC for BLBTC was filled in just 47 hours. In addition, based on these BTCFi products, we also hope to work with partners to solve various asset management needs of BTC, making the business environment on the chain truly realized.
Regarding technology and user experience
Question 8: Users are currently providing feedback that on-chain Gas fees are relatively high. When can we expect to achieve significant optimization?
Kevin: With the recent progress of the BitVM bridge's mainnet, the iteration of V2 mainnet is approaching, and the team will soon provide a satisfactory answer for users, further enhancing the user experience.
Question 9: What position do Layer 2 and BitVM Bridge occupy in Bitlayer's planning, and what will be the focus of future business?
Kevin: Layer 2 and BitVM Bridge are two important and parallel business modules of Bitlayer, which work together through technical coupling and scenario synergy. Layer 2 is the foundation of Bitlayer, and we will continue to improve the user and developer experience through V2 upgrades, reduced gas fees, and continuous ecosystem support.
In addition, Bitlayer, as a member of the BitVM Alliance, has made important contributions to the implementation of BitVM. At the heart of BitVM Bridge is the implementation of what is known as a "1-of-N" trust model – as long as one of the multiple participants remains honest, the entire system works. This is fundamentally different from the model that requires "most people to be honest". Of course, BitVM Bridge's plan goes far beyond the cross-chain transfer of assets, its goal is to connect the needs of Bitcoin liquidity providers (including large investors, retail investors and institutions) and asset management protocols, and the team plans to open source this set of technologies and encapsulate them into API services in the future. For more information about the implementation and application scenarios of BitVM, please refer to this video:
Whether it's building an ecosystem on Layer 2 or bridge services, Bitlayer has been working on: developing the BTCFi ecological infrastructure.
Question 10: Bitlayer is a project based on the BitVM paradigm. How does it balance usability and decentralization?
Kevin: To answer this question, I think we need to get back to the real needs of the token holders.
From compliant and secure institutional holders, large investors (such as national reserves/BTC ETF issuers/publicly listed companies/family offices, etc.), to retail groups that pursue efficient interactions, their specific demand diversity determines that we need to provide differentiated solutions for them. For institutions and high net worth holders, asset sovereignty control and compliance transparency are their primary needs. We hope to address counterparty risk and ensure verifiability through the trust-minimized BitVM Bridge solution. For ordinary users, many enter this field not necessarily to pursue the ideal of decentralized technology, but to conveniently use on-chain services or products. Therefore, we need to develop with a pragmatic attitude while focusing on business expansion and market adaptability beyond technology.
About the roadmap and strategic planning
Question 11: What are the core objectives of the Bitlayer 2025 technical roadmap?
Kevin: From the inception of the project to the present, it has always been the North Star of our work to be market-oriented/solve industry pain points. After more than a year of technology accumulation, we have gradually begun to implement the R&D results, and it can be expected that we will have the following technical progress and implementation in the future: first, BitVM Bridge is currently in the testnet stage, and we will usher in the mainnet launch in the future; The second is the launch of V2, and the relevant functions are currently being improved. In addition, we are also working on a series of R&D to improve the user experience, such as the aforementioned reduction of gas fees and support for high-frequency trading capabilities, all of which are in our clear goals and plans. Bitlayer's ultimate goal is to build a business closed loop that realizes value creation and value release, operates profitable businesses, and becomes a cross-cycle enterprise.
Question 12: What differentiation strategies will the team adopt in global operations? How will they expand ecological influence?
Kevin: Since the founding of Bitlayer, the team has adhered to an operational strategy focused on Asia while aiming for a global presence. The Asian market is our foundation, and we have built strong local communities in several countries across Asia. At the same time, we are actively expanding into markets in North America, the Middle East, and Europe. As a result of our efforts, Bitlayer's achievements and potential have gained significant recognition from many institutions in North America, and more collaborations are currently in progress.
When it comes to ecology, we must clearly recognize that the construction of the blockchain ecosystem takes time and requires the joint efforts of official teams, developers, and the community. We firmly acknowledge the major direction of Bitcoin DeFi, and by investing in 2 core technologies (BitVM + high-frequency chain), we aim to create 2 products (BitVM Bridge and Layer 2) to meet the asset management needs of various Bitcoin holders. As the infrastructure gradually improves and external conditions become more favorable, we believe that a prosperous Bitcoin DeFi will certainly occur within the Bitlayer ecosystem.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Bitlayer co-founder Kevin He talks to the community: we are in the final stage before TGE.
Recently, the cryptocurrency market has shown a narrow range of fluctuations, with BTC prices continuously oscillating between 70,000 and 90,000 USD. In the absence of significant positive catalysts, the community has shifted its focus to some leading projects that have not yet had their TGE. After more than a year of ecosystem development, the TGE timing for some major Bitcoin ecosystem protocol projects is also approaching the critical point.
Recently, in response to community concerns regarding the project's TGE, high on-chain GAS fees, weak official asset helmet empowerment, and the ecological wealth creation effect, Bitlayer co-founder Kevin He made a focused response and highlighted the technological progress and future plans of BitVM.
In addition, to better collect community feedback, the Bitlayer team has initiated a call for community development proposals. Participants can provide their input by filling out the survey (, with the specific link being: ). Users who provide valid suggestions will have the chance to receive rewards.
The following is the content organized based on Kevin's response to the recent hot topics discussed in the Bitlayer community, as follows:
About TGE and Community Incentives
Question 1: Bitlayer completed its seed round financing in March 2024, followed by a successful completion of Series A and A+ financing totaling 25 million USD. The team also early on airdropped BTR as rewards to community users during operational activities. Does the team have a clear timeline for the project's TGE? What stage is it currently in?
Kevin: We are indeed in the final stage before the TGE. The TGE phase will involve systematic work in multiple dimensions, including finalizing the token economic model, adapting to the global compliance framework, and communicating with exchanges and market makers. However, due to confidentiality agreements with partners, we are currently unable to disclose a specific timeline.
It is clear that we have made positive progress in all aspects. Once all necessary processes are completed and final confirmation is obtained, we will promptly share updates through official announcements, community channels, and other means. Please stay tuned for good news.
Question 2: When does the team plan to announce the token economic model? How is the token distribution ratio set? What is the utility of the BTR token?
Kevin: The design of the token economic system is a key pillar of the project's long-term ecological value. The team has always promoted related work with rigor and sustainability as core principles. Currently, details such as token distribution ratio, release rules, and utility scenarios have entered the final verification stage.
We understand the community's expectations for the TGE, but we are currently unable to disclose specific details. We promise to fully publish the token economic model through official channels at an appropriate stage before the TGE and to allow the community ample time to interpret the rules. Later, the latest information can be found in the official articles.
Question 3: Is there a lock-up rule for the BTR rewards that users receive through activities such as the Head Mining Festival and BTCFI Carnival? How can the team prevent large-scale selling pressure in the market after the token launch?
Kevin: The locking rules for BTR rewards mentioned above are related to specific activities, such as the airdrop in the 3rd phase of the mining festival and the racing card draw activity in the user center, which correspond to non-locked BTR rewards. For more details, you can refer to the relevant activity announcements for confirmation.
Overall, our design for airdrop rewards strictly follows the principle of binding contribution and long-term value. The entire reward distribution process will set differentiated release cycles based on on-chain behavior and ecological participation levels. The specific rules and details will be fully disclosed in an official announcement before the TGE, and the community will be open for Q&A.
Question 4: The Lucky Helmet is the first officially issued NFT by Bitlayer. Will there be other empowerment initiatives in the future?
Kevin: The helmet is Bitlayer's first official NFT. Holders are the first batch of users of Bitlayer. Prior to this, we have provided point bonuses and other empowerment to helmet holders during the Head Mining Festival, and conducted exclusive airdrops of BTR tokens. The team has no reason to give up on helmet empowerment. We promise to provide more empowerment in various activities in the future. If holders have better suggestions, they can contact the Bitlayer team for feedback.
Regarding ecological development and operational strategy
Question 5: Everyone has noticed that some Bitlayer ecosystem projects have suspended operations. Does Bitlayer not have an auditing mechanism when collaborating with ecosystem projects? Additionally, the entire Bitlayer ecosystem currently does not have a wealth creation effect and does not receive much attention. How do you view this issue?
Kevin: As the operator of the Bitlayer public chain, we welcome more project teams to build on it and actively provide various infrastructure support. However, the entire chain ecosystem is still in its early stages. The maturation of the ecosystem will require a long process of technical validation, developer accumulation, and market recognition iteration. Inevitably, there will be many projects of varying quality during this period, but we must also recognize that many innovative products have emerged within the ecosystem.
As for the lack of wealth creation benefits, my understanding is that this is an issue for the entire industry, not just for Bitlayer. We believe that as BTCFi and the entire chain continue to develop, ecological projects will surely usher in a prosperous phase.
Question 6: Bitlayer's head mining festival has collaborated with so many ecological projects, but the rewards ultimately realized by the projects are not enough to cover the interaction's Gas fees.
Kevin: Over the past year, Bitlayer has actively collaborated with ecological projects and attracted users to participate through incentives such as points and tokens. As for the issue of the rewards from the project being realized to varying degrees, one important reason is the current general market conditions, where price performance may not meet everyone's expectations. I believe that as the market improves, the overall performance will change for the better.
Regarding the issue of the difficulty in redeeming airdrop rewards for ecological projects based on community feedback, the team is currently accelerating the development of the Quick Jump solution, which is aimed at addressing the demands between partners and users. This will help users to transfer airdrop rewards obtained from participating in Bitlayer ecological project interactions across chains at nearly zero cost. This feature is expected to be implemented in two weeks. Additionally, we are actively promoting solutions to address the Gas interaction cost issue across the entire chain and believe that a satisfactory answer will be available soon.
Question 7: The Bitlayer ecosystem is currently not very prosperous. What options do users have for cross-chain BTC entry into the Bitlayer ecosystem?
Kevin: First of all, the high prosperity of ecology is indeed a process. At the same time, the team has considered the actual needs of users and launched the BTCFi Yield entry (DeFi products for user experience). Currently, the market demand for products with relatively high APR is still very high. For example, the first phase of BTC Yield with a quota of 600 BTC for BLBTC was filled in just 47 hours. In addition, based on these BTCFi products, we also hope to work with partners to solve various asset management needs of BTC, making the business environment on the chain truly realized.
Regarding technology and user experience
Question 8: Users are currently providing feedback that on-chain Gas fees are relatively high. When can we expect to achieve significant optimization?
Kevin: With the recent progress of the BitVM bridge's mainnet, the iteration of V2 mainnet is approaching, and the team will soon provide a satisfactory answer for users, further enhancing the user experience.
Question 9: What position do Layer 2 and BitVM Bridge occupy in Bitlayer's planning, and what will be the focus of future business?
Kevin: Layer 2 and BitVM Bridge are two important and parallel business modules of Bitlayer, which work together through technical coupling and scenario synergy. Layer 2 is the foundation of Bitlayer, and we will continue to improve the user and developer experience through V2 upgrades, reduced gas fees, and continuous ecosystem support.
In addition, Bitlayer, as a member of the BitVM Alliance, has made important contributions to the implementation of BitVM. At the heart of BitVM Bridge is the implementation of what is known as a "1-of-N" trust model – as long as one of the multiple participants remains honest, the entire system works. This is fundamentally different from the model that requires "most people to be honest". Of course, BitVM Bridge's plan goes far beyond the cross-chain transfer of assets, its goal is to connect the needs of Bitcoin liquidity providers (including large investors, retail investors and institutions) and asset management protocols, and the team plans to open source this set of technologies and encapsulate them into API services in the future. For more information about the implementation and application scenarios of BitVM, please refer to this video:
Whether it's building an ecosystem on Layer 2 or bridge services, Bitlayer has been working on: developing the BTCFi ecological infrastructure.
Question 10: Bitlayer is a project based on the BitVM paradigm. How does it balance usability and decentralization?
Kevin: To answer this question, I think we need to get back to the real needs of the token holders.
From compliant and secure institutional holders, large investors (such as national reserves/BTC ETF issuers/publicly listed companies/family offices, etc.), to retail groups that pursue efficient interactions, their specific demand diversity determines that we need to provide differentiated solutions for them. For institutions and high net worth holders, asset sovereignty control and compliance transparency are their primary needs. We hope to address counterparty risk and ensure verifiability through the trust-minimized BitVM Bridge solution. For ordinary users, many enter this field not necessarily to pursue the ideal of decentralized technology, but to conveniently use on-chain services or products. Therefore, we need to develop with a pragmatic attitude while focusing on business expansion and market adaptability beyond technology.
About the roadmap and strategic planning
Question 11: What are the core objectives of the Bitlayer 2025 technical roadmap?
Kevin: From the inception of the project to the present, it has always been the North Star of our work to be market-oriented/solve industry pain points. After more than a year of technology accumulation, we have gradually begun to implement the R&D results, and it can be expected that we will have the following technical progress and implementation in the future: first, BitVM Bridge is currently in the testnet stage, and we will usher in the mainnet launch in the future; The second is the launch of V2, and the relevant functions are currently being improved. In addition, we are also working on a series of R&D to improve the user experience, such as the aforementioned reduction of gas fees and support for high-frequency trading capabilities, all of which are in our clear goals and plans. Bitlayer's ultimate goal is to build a business closed loop that realizes value creation and value release, operates profitable businesses, and becomes a cross-cycle enterprise.
Question 12: What differentiation strategies will the team adopt in global operations? How will they expand ecological influence?
Kevin: Since the founding of Bitlayer, the team has adhered to an operational strategy focused on Asia while aiming for a global presence. The Asian market is our foundation, and we have built strong local communities in several countries across Asia. At the same time, we are actively expanding into markets in North America, the Middle East, and Europe. As a result of our efforts, Bitlayer's achievements and potential have gained significant recognition from many institutions in North America, and more collaborations are currently in progress.
When it comes to ecology, we must clearly recognize that the construction of the blockchain ecosystem takes time and requires the joint efforts of official teams, developers, and the community. We firmly acknowledge the major direction of Bitcoin DeFi, and by investing in 2 core technologies (BitVM + high-frequency chain), we aim to create 2 products (BitVM Bridge and Layer 2) to meet the asset management needs of various Bitcoin holders. As the infrastructure gradually improves and external conditions become more favorable, we believe that a prosperous Bitcoin DeFi will certainly occur within the Bitlayer ecosystem.