Today, Binance Web3 Wallet announced an exclusive airdrop campaign in collaboration with BEVM, a leading Bitcoin Layer2 project.

BEVM, standing for Bitcoin EVM, introduces a revolutionary EVM-compatible Bitcoin Layer 2 solution utilizing BTC as gas for transactions. This fully decentralized platform bridges the gap between the Bitcoin and Ethereum ecosystems, enabling DApps to operate seamlessly on Bitcoin Layer 2.

Binance Web3 Wallet and Bitcoin Layer2 Partner For the First Time

While this is the duo’s first collaboration, the joint airdrop event, scheduled to commence on April 4, offers users the opportunity to earn an exclusive allocation of BEVM tokens by completing three simple tasks on the BEVM platform.

The task requires participants to bridge their $BTC to BEVM, create a position in the Satoshi Protocol, and perform a daily check-in on the BEVM page through the Binance Web3 Wallet. Afterwards, successful participants will be offered a share of the 10,500,000(0.5%) $BEVM airdrop allocated by BEVM to Binance Wallet users who have participated in the event.

The partnership between Binance Web3 Wallet and BEVM aims to revolutionize the (DeFi) space, as it marks Binance Wallet’s inaugural collaboration with a Bitcoin Layer 2 protocol. Through this alliance, users gain access to enhanced interoperability and efficiency, unlocking new opportunities for innovation and growth within the crypto ecosystem.

To join the event, users are required to access the airdrop page through the Binance web3 wallet and engage in three tasks: transferring $BTC to BEVM, establishing a position in the Satoshi Protocol, and conducting a daily check-in on the BEVM platform. Participating in the airdrop requires the following steps;

Step 1: Setting up Binance Web3 Wallet

• Ensure you have a Binance account. If not, create one.
• Download and install the Binance Web3 Wallet from Binance’s official website.
• Follow the provided instructions to set up your wallet.

Step 2: Event Participation

• Access the event page via the Binance Web3 Wallet.
• Complete the three required tasks:
  1. Bridge $BTC to BEVM: Follow the provided instructions to transfer your $BTC from the main chain to the BEVM chain.
  2. Create a Position in the Satoshi Protocol: Navigate to the Satoshi Protocol and initiate a new position.
  3. Daily Check-in: Make it a habit to visit the BEVM page every day to complete your check-in.

BEVM Launched on March 28

While BEVM’s mainnet launch occurred on March 28, it features an innovative approach that distinguishes it by leveraging Taproot Consensus technology, Schnorr Signature, MAST Contract, and the Bitcoin Light Node Network, thus ensuring unparalleled decentralization and security.

Its technical prowess positions BEVM as a frontrunner among BTC Layer 2 solutions, offering a seamless bridge between the Bitcoin and Ethereum ecosystems.

Furthermore, the BEVM project has attracted substantial investment, with a recent funding round securing $10 million from approximately 20 investors, including prominent institutions such as RockTree Capital, MH Ventures, Mapleblock, and Arkstream Capital. The involvement of reputable investors underscores the industry’s confidence in BEVM’s potential to revolutionize Bitcoin’s utility and scalability.