Bitlayer launches the first phase of a $20 million BTR token reward Dapp leaderboard competition

ChainCatcher news, Bitcoin L2 project Bitlayer announces that the first phase of the developer incentive airdrop program Dapp leaderboard competition will officially launch on May 23, with the specific activity period from May 23 to June 23. This competition will allocate a token airdrop worth 20 million dollars to projects deployed on the Bitlayer mainnet based on their ecological contribution, with all airdrops distributed daily in the form of Bitlayer gems and redeemable for Bitlayer Token (BTR) according to the rules after the TGE.

According to the Dapp competition rules, projects can increase their Bitlayer ecological contribution and receive more Bitlayer gems by raising TVL, increasing user interactions, boosting the number of active users, and enhancing popularity rankings. Additionally, projects can choose to distribute airdrop rewards to participating users; if fully distributed, the rewards obtained by the project will be automatically allocated to users after the competition ends. Besides the airdrop rewards, Bitlayer has also set up a 2 million dollar listing fund and a 100 million dollar liquidity fund to fully support ecological projects.

The first phase of the Dapp leaderboard competition is part of Bitlayer's 50 million dollar token developer incentive airdrop program Ready Player One. After this competition concludes, the remaining token rewards will be distributed through subsequent leaderboard competitions and the Bitlayer Most Valuable Player (MVP) program.