The halving is coming soon. Let’s take stock of the five major projects that the BTC ecosystem will take advantage of.

Original title: "The countdown to halving is 23 days, and popular projects in the Bitcoin ecosystem are gathering to take advantage of the momentum"

Original author: Kate, Odaily Planet Daily

The good wind will help me reach the sky with its strength

The year 2024 is destined to be extraordinary for Bitcoin and the ecosystem.

Since last year, Inscription has led the Bitcoin ecosystem to set sail; in January this year, the adoption of the Bitcoin spot ETF gave the market another shot in the arm; this year In March, the price of BTC stood at the $70,000 mark, and people are confident that the history of halving will inevitably lead to price increases again; the halving 23 days later (expected to be on April 21st), This will reduce the block reward from 6.25 BTC to 3.125 BTC, triggering a demand shock.

While Bitcoin has attracted much attention due to its halving, its ecological projects may receive BTC overflow value. A number of high-quality projects are also focusing on the opportunity of the halving node, releasing major updates, and are ready to take off.

In this article, Odaily Planet Daily will take stock of the popular projects in the BTC ecology and their recent big moves, so that readers can plan in advance and seize the opportunity.

Merlin Chain - Unlocking pledged assets

As a popular project of BTC L2, The highest TVL of Merlin Chain, the Bitcoin native second-layer network, reached US$29.04 million in March (according to DefiLama data).

On February 28th, Merlin Chain launched a staking activity for Merlin's Seal. Through this activity, users can pledge various Class assets accumulate M points to obtain Merlin Chain ’s governance token $MERL. The Merlin Chain governance token $MERL rewarded by this staking event is 20% of the total supply. It is said to be the highest proportion of staking rewards among all Layer 2 projects. . On March 19th, the Bitcoin second-layer network MerlinChain announced the official launch of M-Token. This token is a mapped asset generated by users pledging tokens in MerlinChain. Experience products and interactive protocols in the Merlin Chain ecosystem, improve asset utilization and witness ecological development.

The pledged assets of users participating in Merlin's Seal are expected to be unlocked in 4 month, at which time users can unlock them by destroying the corresponding mapped assets M-Token  Original pledged assets. At that time, the M-Token can be exchanged for the original assets at 1: 1 

At the same time, according to official staff (@cyy7025219), MERL tokens are planned to be released before the halving in April.  

Stacks - Nakamoto upgrade

Stacks Yes The smart contract layer on Bitcoin, the initial version will be launched in 2021, has long-term top capital support behind it. The community is always built with a long-term mentality. With continuous accumulation, its ecology has begun to improve, with TVL increasing month by month, reaching a peak of over 170 million US dollars (according to DefiLama data).

The most exciting news for Stacks this year should be the Nakamoto upgrade. After the upgrade, Stacks will be significantly faster, with the block time shortened to 5 seconds (currently about 10 to 30 minutes), and will support sBTC.

Stacks has opened the Nakamoto test network to the public on 3 May 26th. Previously Stacks Lianchuang  Muneeb Ali has said that the Stacks Nakamoto upgrade will be launched between April 15th and 29th. Nakamoto The boot contract required for the upgrade is ready.

This Q2 upcoming Nakomoto upgrade will produce faster blocks, further improve security, and is expected to significantly improve DeFi  ;Experience and attract more liquidity.

B² Network - Mainnet Launch

B² Network is a Layer on Bitcoin ;2 The solution mainly uses zero-knowledge proof verification commitments to be submitted to the Bitcoin network, allowing challengers to initiate fraud proof challenges, in order to achieve the purpose of utilizing the strong consensus of the Bitcoin network to ensure the security of the B² Network. Officially led by HashKey Capital, OKX Venture, Waterdrop Capital, etc., it has been clearly stated that 10% of token rewards will be used to motivate early users, of which 5% will be for mining Rewards, and another 5% will be distributed in the form of airdrops.

At the beginning of 2  B² Network launched the user incentive activity B² Buzz. Users can Recharge assets within three days before the mainnet is launched to obtain parts for assembling mining machines. The mining machines can mine B² native tokens. During the event, all funds are securely managed through multi-signature methods. According to official news (to be checked), parts production will end on March 31st. Bridge assets can be withdrawn to the first layer network where they were deposited in April 2024.

The mainnet is expected to be launched on 4  3 

BounceBit - Launching Mainnet

BounceBit  is a DeFi solution designed specifically for the Bitcoin ecosystem, powered by AUCTION and based on BTCB. The solution adopts an asset-centric strategy, with the core asset being BTCB, which is a BEP linked to Bitcoin and locked on the Bitcoin blockchain. BEP 20 Assets. By leveraging the broad familiarity of the Binance user base and the intuitively designed BNB chain, BounceBit significantly lowers the barrier to adoption for users. This approach opens up more accessible avenues for a broader participation and investment in the crypto ecosystem.

BounceBit plans to launch the test network in March, launch the mainnet on April 23rd, and conduct an airdrop in May. BounceBit points redemption and Asset extraction function.

Runes - Mainnet online and large-scale airdrop

Runes The Bitcoin Runes were proposed by Casey Rodamor creator of the Ordinals protocol, and the scheme was called Runes. Runes aims to provide a user-friendly, UTXO-based alternative to existing tokenization protocols such as Ordinals, ORC-20, BRC-20 and Stamps. Runes are unique, fungible tokens that exist on the Bitcoin blockchain. They are designed to represent fungible assets with unique characteristics and metadata.

Previously Casey said at the Taipei Blockchain Week event that the Runes protocol mainnet will reach the Bitcoin block height  It will be online at 840,000, probably in late April. What’s interesting is that it may be a way to build momentum for the mainnet launch in advance. On  3 May 26th, Casey posted on the  This remark caused widespread dissemination among netizens.

Runes Ecological projects are also taking advantage of the situation, hoping to attract There is a wave of popularity, among which Runes the Chinese community has listed a list of projects that you can pay attention to. Odaily here we introduce two popular projects:

List link: https://twitter.com/RunesCN/status/1768177337261297808

· Runecoin (@rune_coin)

A super large-scale airdrop of RSIC. Holding RSIC will be rewarded with rune tokens, and the transaction volume will be large.

· Runestone Runestone (@LeonidasNFT)

Recent Popularity Very high and about to undergo a very large scale emptying.

On March 9th, the largest Ordinals inscription Runestone was traded for 8 BTC (544,  The auction was successful at a price of US$713. Its founder, Ordinals well-known big V Leonidas said, “All proceeds from the auction, together with the 2.25 bitcoins previously raised in the industry through Twitter, will be used to pay for the Runestone airdrop plan. Network fees, the largest Ordinals airdrop in history is about to begin."

The much-anticipated Bitcoin halving is coming, what will be the opportunity? Who will stir up the ecological popularity of BTC again deserves continued attention.

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