According to Techub News, on May 21, the first Dapp ranking competition of the Bitcoin L2 project Bitlayer developer incentive airdrop plan will be officially launched on May 23, and the specific activity time is from May 23 to June 23. This competition will allocate token airdrops worth 20 million US dollars to projects deployed to the Bitlayer mainnet according to their ecological contribution. All airdrops will be issued daily in the form of Bitlayer gems and will be exchanged for Bitlayer Token (BTR) according to the rules after TGE.
According to the Dapp competition rules, projects can increase their contribution to the Bitlayer ecosystem and obtain more Bitlayer gems by increasing TVL, increasing user interactions, increasing the number of valid users, and improving the popularity list. In addition, projects can choose to allocate airdrop rewards to participating users. If fully allocated, the rewards received by the project will be automatically distributed to users after the competition ends. In addition to airdrop rewards, Bitlayer has also set up a $2 million listing fund and a $100 million liquidity fund to fully support ecological projects.
The first Dapp ranking competition is part of the Bitlayer 50 million USD token developer incentive airdrop plan Ready Player One. After the end of this competition, the remaining token rewards will also be distributed through subsequent ranking competitions and the Bitlayer Most Valuable Player (MVP) plan.
For more information about the first Dapp ranking competition, please visit: https://x.com/BitlayerLabs/status/1792573186300588219
