Bitsmily is the project I’m looking forward to the most for its TGE, because the previous wave of NFTs really showcased the project's vision. In the past two days, this project has announced new financing information, which undoubtedly adds a layer of confidence to the TGE.

In case anyone is unfamiliar with Bitsmily, here’s a brief introduction:

bitSmiley is an innovative project in the Bitcoin ecosystem, and its core mission is to help Bitcoin users navigate stablecoins. The bitSmiley launched bitUSD stablecoin, simply put, is like the 'DAI' of the Bitcoin ecosystem, allowing users to collateralize BTC in exchange for an equivalent amount of bitUSD stablecoin, locking in value while still allowing for flexible use. Currently, the number of users for bitUSD has exceeded 20,000, with a locked value of 30 million USD, indicating high market recognition.

Another highlight of bitSmiley is that it has built a financial system similar to Ethereum, which includes stablecoins, lending, and derivatives. For instance, its lending protocol bitLending allows Bitcoin users to engage in trustless peer-to-peer lending similar to Compound, and it has specially added an insurance mechanism to help users effectively manage risks.

In terms of governance, the bitSmiley token $SMILE is very likely to have its TGE soon! SMILE is not only a tool for participating in community governance but can also be used to pay discount fees and auction proceeds, providing users with significant benefits.

Additionally, bitSmiley continues to expand cross-chain collaborations, such as partnerships with ZetaChain and Babylon, to enhance the liquidity of bitUSD, injecting more vitality into the DeFi of the Bitcoin ecosystem.