According to Odaily, BTA Protocol, a Web3 application platform built on X Layer, is set to officially launch its governance token, BTA, in August. The launch will support token extraction and trading, aiming to accelerate the development process of the protocol.
BTA Protocol is focused on the construction of the BTC ecosystem and the perfection of the BTC Layer2 ecosystem sector. Currently, it includes applications and protocols such as staking, lending, and Launchpool. The introduction of the BTA token is expected to enhance the functionality and efficiency of these applications and protocols, thereby contributing to the overall growth of the BTC ecosystem.