Side Protocol has launched its first incentive testnet, S2, which will implement a Bitcoin sidechain, Side Chain, with Bitcoin addresses, Bitcoin Connect functionality, and a native DEX.

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🔓What is the SIDE token? Bitcoin DeFi Side Protocol

🚩The Side Protocol creates a financial platform for the Bitcoin network. The platform empowers the next generation of DeFi applications to thrive, centering around BTC.

🚪The Side Protocol allows developers to create secure, high-performance decentralized applications. The project aims to bring billions of users globally into the market and help BTC become a widely used currency.

💣SIDE token tokenomics
🔔Token Name: Side Protocol
🔔Symbol: SIDE
🔔Blockchain: Solana, Side Chain
🔔Total Supply: 1,000,000,000 SIDE

💲Allocation
🎲Ecosystem Reserve: 20%
🎲Team: 18%
🎲Public Sale: 15%
🎲Private Sale: 13%
🎲Liquidity: 7%
🎲Genesis Drop: 10%

🏆The Side Chain is a fully compatible scaling solution with Bitcoin, designed to enhance interoperability and reduce transaction fees on the Bitcoin blockchain.

✍️The sBTC token is pegged at a 1:1 ratio with BTC on the Bitcoin mainnet. While the long-term vision of the Side Protocol focuses on leveraging the DLC framework to create dApps that minimize trust, sBTC introduces a threshold-based BTC bridging solution.

⬆️The project just introduced sBTC on December 11th. The first version of Side Bridge supports cross-chain transactions between BTC and all Runes. Users can now experiment with the feature on Side Hub and explore historical transactions on Side Station.

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