Fractal Bitcoin’s mainnet is launching on September 9, enhancing scalability.
80% of Fractal tokens will go to the community, focusing on decentralization.
Fractal Bitcoin, a scaling solution, is gearing up for the official launch of its mainnet on September 9. This development marks a significant milestone for the project as it seeks to enhance Bitcoin’s scalability and usability. The team recently shared this news via an update on X, drawing attention from the wider crypto community.
Fractal Bitcoin also revealed key information regarding its native token, Fractal. However, the total supply remains undisclosed. The tokenomics suggest that 80% of the total supply will be distributed to the community. The remaining 20% will be allocated to the project’s team and contributors. This allocation emphasizes a strong community focus, which could drive user engagement as the project advances.
In addition to the mainnet launch, Fractal Bitcoin plans to roll out its decentralized exchange (DEX), PizzaSwap, previously known as the Fractal Swap. According to the team, PizzaSwap will be available on the testnet later this week. This testnet launch is expected to provide users with the opportunity to experiment with the platform before its full integration with the mainnet. The introduction of PizzaSwap further strengthens the ecosystem by enabling users to swap tokens seamlessly within the Fractal network.
Bitcoin Price Weekly Overview
Over the past week, Bitcoin (BTC) experienced a modest but noteworthy gain. Starting from a low of around $61,170 on August 21, BTC showed a strong rebound mid-week, reaching highs near $65,000 before cooling off. The significant rise to $65,000 was driven by increasing trading volumes and positive market sentiment, as indicated by a 51.43% surge in 24-hour volume to $28.38 billion.
The key resistance stands near $65,000, where Bitcoin faced rejection mid-week after its rally. The nearest key support for Bitcoin stands around $62,500, which aligns with the consolidation seen earlier in the week. The RSI on the daily chart hovered near the neutral zone at 48.77, suggesting that Bitcoin is neither overbought nor oversold.
Highlighted Crypto News Today
Will Solana Whales’ Activity Drive It Above $200?