With BTC breaking new highs, it feels like the BTC ecosystem will experience an explosion.

@BitlayerLabs is a Bitcoin security equivalent layer2 based on BitVM, with total financing of 25 million USD and a valuation of 300 million USD.

Among them, the A+ round financing was led by Polychain and others with 9 million USD, the profile is very strong.

Currently opened the third phase of the head mining festival event, you can mine 10 million tokens.

If you have a helmet NFT or have previously participated in mining activities, you can receive treasure boxes for free, you can log in to check.

I hold a helmet NFT, which directly gave me 50 treasure boxes.

The number of participants is not many, you can participate with multiple accounts.

1. Estimated earnings.

Obtain treasure boxes by completing tasks, each treasure box can open $BTR tokens, or you can directly spend 0.6u to buy treasure boxes to also obtain tokens.

Currently, I simply estimate the earnings based on the actual interaction costs, the minimum annualized yield should be over 100%.

1) Cost and profit of task treasure boxes.

Completing all tasks costs about 15 USD, based on the BTC price of 85,000, you can get 38 treasure boxes, I opened 90 BTR tokens.

According to information from the community, the total supply of Bitlayer tokens is 1 billion, with a valuation of 300 million USD. The valuation should be higher by the time of TGE.

The annualized yield of $BTR obtained through tasks is between 600%-1200%.

2) Buy boxes directly.

This is suitable for lazy people to operate, those who have money to buy and buy.

Spending 0.6u to directly buy boxes to open $BTR tokens annualized yield situation, the cost of buying 12 treasure boxes is about 9U, not sure if it's a coincidence or what, the number of BTR opened per box is about 1 more than the number obtained through task interactions, the annualized yield range is about 400%~900%.

The above calculations are based on a valuation of 300 million USD at TGE, what if the market value reaches 600 million USD? 1 billion USD? With the explosion of BTC, this is all possible.

2. Event tutorial.

1) @Rolldex_io ($200,000 $ROLL tokens)

You need to deposit at least 0.0001 BTC to receive 6 boxes.

2) @jaspervault (points jPoints and Moonlight Treasure Box NFT)

Trade BTC options with no limit on amount, and you can receive 10 boxes.

3) @DesynLab ($500,000 $DSN tokens)

Deposit at least 0.000076 wBTC assets to receive 10 boxes.

4) @avalonfinance_ (7500 Avalon points per person)

Deposit at least 0.0001 BTC assets to receive 6 boxes.

5) @LorenzoProtocol (1 million Lorenzo points reward)

Deposit at least 0.0001 stBTC assets in Avalon to receive 6 boxes.

3. Claim badges.

After completing the tasks, go to claim the corresponding badges, you can refer to the official tutorial.