[BTC Ecosystem New Tuna Chain Newsletter-U9 Congge Sharing]
Tuna Chain is pioneering the first modular layer 2 on Bitcoin, using a ZK-OP hybrid approach that seamlessly incorporates Ethereum’s EVM capabilities.
$TUNA LBP is released on the Ethereum mainnet!
Starting at 21:00 on Tuesday, March 12
Ends at 21:00 on Saturday, March 17
(Beijing time)
LBP operates similar to a Dutch auction, starting with a high token price and gradually decreasing. Benefits include combating sniper bots, ensuring fair distribution, promoting community engagement and trust, and democratizing early access.
U9 Community Rating: 🌟🌟🌟🌟
Because the track belongs to the current popular track Bit Level 2 + relatively top-tier investment institutions [currently announced: Near and ZKX], the community has previously promoted two phases of Tuna Chain’s Lumao Express, which is a relatively high-quality project.
What TunaChain does is btc l2. Compared with the same track, the innovation lies in the native stable currency + Celestia-driven modularity + and the application of a hybrid ZK-OP execution layer.
It is extremely popular overseas and has cooperated with MH Ventures, Ark Stream, Serafund and other institutions. The institutions it cooperates with are investment institutions of top projects such as Celestia, Merlin, Near and other projects.
The starting price of LBP is 0.589, and the initial fdv is 123m. According to the valuation of the institutional round at 20m and the valuation of the KOL round at 31m, the former has a tge of 20%, and the remaining locks will start to be released linearly in 4 months. The latter has a tge of 30%, and the remaining The lock will start to be released linearly after 3 months. For investors in these two rounds, 100m FDV has just returned the original capital, so the project will most likely open lower and move higher.
- This is the first btc l2 project on the Fjord platform. It is worth looking forward to. OrdiBank, a btc ecological project that has just ended, currently has 140m fdv. Tuna should not be worse than this. In addition, Fjord is expected to issue their currency in Q2 this year. platform currency, there may be opportunities to interactively capture airdrops!
Whether to participate in DYOR.