A potential project not to be missed, the first modular BTC Layer2: TunaChain
As the first modular BTC Layer2, TunaChain’s governance token $TUNA will be launched in the form of LBP on FjordFoundry.
1. Time: Starting at 21:00 on March 12th, Beijing time, and ending at 21:00 on March 17th
2. Participation link: https://app.v2.fjordfoundry.com/pools/0x4856861e67B8a0deBCe9c5C8AB284326Fa3f4f13
3. Total amount of tokens: 210,000,000
4. Previous financing situation:
(1) Seed round: 2% of total amount, $0.1 per token (FDV 21 million), 20% of TGE, 4-month cliff, 8-month linear.
(2) Partner round: 0.5% of total volume, $0.15 per token (FDV 31.5 million), 30% of TGE, 3-month cliff, 7-month linear.
(3) Private placement round: 2% of total amount, $0.24 per token (FDV 50.4 million), 40% of TGE, 2-month cliff, 6-month linear
5. Financing situation of this round: 8% of the total amount, totaling 16,800,000, with a starting price of 0.5, which will gradually decrease over time. Therefore, you can wait and see first, refer to the valuation of the above financing, and then consider whether to buy at the right price. This round is 100% unlocked.
Of course, if you feel that the purchase risk is relatively high, you can also participate in its ecological pledge, pledge to obtain points, and unlock them in April. or participate in its activities
https://tunachain.io/points?code=fffdd8a3
6. Investment institutions:
The first BTC L2 based on modular technology is a strategic cooperation between seven institutions including MH Ventures, Skystream Ventures, and Cogient. Moreover, both MH and SkyStream are one of Merlin's investment institutions. The well-known projects TIA and DYM are also projects invested by MH and are currently in the early stages.
Comparing the FDV of several rival companies, which are worth hundreds of billions, TunaChain's valuation is only one-tenth of theirs. With the same excellent institutional platform, the price/performance ratio is still quite high.
7. The project introduction is as follows:
(1) TunaChain core technology and features:
Native stable currency $Toro: By over-collateralizing BTC, users can obtain $Toro stable currency, enjoy high annual returns, and enhance the economic vitality of the network.
Celestia modular design: Using Celestia as the data availability (DA) layer effectively solves the data availability challenges associated with layer 2 solutions, reducing transaction costs, improving system efficiency, and ensuring decentralization.
Hybrid ZK-OP execution layer: Using hybrid ZK-OP (zero-knowledge proof + optimistic convolution) technology, while achieving seamless compatibility with evm, the system can not only ensure a high degree of security, but also meet the requirements of high throughput and low cost. Delayed demand. Zero-knowledge proof provides high security, ensuring the privacy and integrity of transactions, and optimistic convolution improves transaction processing speed and reduces costs.
(2) In terms of market potential and ecological impact:
TunaChain's innovative technology not only makes up for the shortcomings of existing Layer 2 solutions, but its modular and hybrid technology strategies also point out a new development direction for the blockchain field. By introducing native stablecoins and reducing transaction costs, TunaChain is expected to attract a wider range of market participants and innovative applications, thereby promoting the vigorous development of the entire BTC ecosystem.
(3) The purpose of the governance token TUNA launched this time:
Network usage and revenue distribution: A portion of transaction fees will be used to reward ecosystem contributors and collectors who maintain network security.
Medium of Exchange and Network Security: $TUNA serves as a medium for transfers and purchases within the network, while ensuring network security through token incentives.
Governance and community participation: $TUNA token holders can participate in network governance and influence the future development of the project.