{"id":44926,"date":"2025-08-27T20:37:42","date_gmt":"2025-08-27T20:37:42","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=44926"},"modified":"2025-08-27T20:37:42","modified_gmt":"2025-08-27T20:37:42","slug":"bitlayer-btr-launching-on-coinone-join-the-action","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/bitlayer-btr-launching-on-coinone-join-the-action\/","title":{"rendered":"Bitlayer ($BTR) Launching on Coinone: Join the Action!"},"content":{"rendered":"\n<div class=\"details-page\">\n<p><strong><span data-font=\"font-size\" style=\"font-size: 16px;\">Exploring <span><span>Bitlayer ($BTR)<\/span><\/span><br \/><\/span><\/strong><\/p>\n<p>BitLayer is an innovative Layer 2 protocol designed to enhance the <a href=\"https:\/\/www.bitrabo.com\/discover\/tag\/bitcoin\">Bitcoin<\/a> ecosystem, providing both <strong>scalability<\/strong> and enhanced smart contract capabilities. By employing the revolutionary BitVM design, we\u2019re able to introduce the \u201cRecursive Settlement Protocol,\u201d which allows for ongoing and transparent settlement of L2 transactions directly on Bitcoin\u2019s main network. This goes beyond mere record-keeping, leveraging Bitcoin\u2019s Proof of Work (PoW) for heightened security. Our ultimate aim is to lay the groundwork for decentralized finance (DeFi) and applications that thrive on Bitcoin.<\/p>\n<p><strong><span data-font=\"font-size\" style=\"font-size: 15px;\">Bitlayer Now Listed on Coinone<\/span><\/strong><\/p>\n<p>We are thrilled to share that Bitlayer is officially listed on the <strong>Coinone Exchange<\/strong>. This is a significant milestone for the <a href=\"https:\/\/www.bitrabo.com\/discover\/tag\/cryptocurrency\">cryptocurrency<\/a> community. In this overview, we simplify Bitlayer\u2019s functionalities, significance, unique features, roadmap, token specifics, team insights, funding details, membership information, and a reminder to conduct your own research.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Understanding_Bitlayer\"><\/span><strong><span data-font=\"font-size\" style=\"font-size: 15px;\">Understanding Bitlayer<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bitlayer represents a <strong>transformative advancement on Bitcoin<\/strong>. While Bitcoin holds the title as the most prominent digital currency, its limitations in speed and utility are significant. Bitlayer addresses these issues, making Bitcoin <strong>more efficient and capable<\/strong>.<\/p>\n<ul>\n<li>\n<p>Facilitates the use of <strong>decentralized applications and smart contracts<\/strong> on the Bitcoin network.<\/p>\n<\/li>\n<li>\n<p>Employs a <strong>BitVM Bridge<\/strong> for secure Bitcoin integration.<\/p>\n<\/li>\n<li>\n<p>Implements a <strong>Layer 2 rollup system<\/strong>, enabling rapid transactions and minimal costs.<\/p>\n<\/li>\n<\/ul>\n<p>Imagine enhancing Bitcoin\u2019s capabilities with <strong>power-ups<\/strong>, enabling a broader range of applications.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_Bitlayer_Thrives_in_cryptocurrency\"><\/span><strong><span data-font=\"font-size\" style=\"font-size: 15px;\">Why Bitlayer Thrives in <a href=\"https:\/\/www.bitrabo.com\/discover\/tag\/crypto\">cryptocurrency<\/a><\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>\n<p><strong>Robust Security<\/strong>: Taps into Bitcoin\u2019s well-established security, ensuring protection for users\u2019 funds in various applications.<\/p>\n<\/li>\n<li>\n<p><strong>Speed and Affordability<\/strong>: Capable of handling numerous transactions swiftly with low fees, courtesy of advanced technology like EVM and rollups.<\/p>\n<\/li>\n<li>\n<p><strong>Development Opportunities<\/strong>: Encourages developers to create innovative contracts and applications, enriching the ecosystem.<\/p>\n<\/li>\n<li>\n<p><strong>Efficient Asset Movement<\/strong>: Enables safe transfer of Bitcoin into applications using a token known as <strong>YBTC<\/strong>, which is backed 1:1 by Bitcoin.<\/p>\n<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Key_Features_of_Bitlayer\"><\/span><strong><span data-font=\"font-size\" style=\"font-size: 15px;\">Key Features of Bitlayer<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\n<p><strong>BitVM Bridge<\/strong>: A secure mechanism to integrate Bitcoin with DeFi applications seamlessly.<\/p>\n<\/li>\n<li>\n<p><strong>Layer 2 Protocol<\/strong>: A <strong>layered blockchain<\/strong> solution ensuring data protection and rapid processing.<\/p>\n<\/li>\n<li>\n<p><strong>High-performance EVM Engine<\/strong>: Supports <strong>Ethereum-style applications<\/strong>, optimizing transaction speeds.<\/p>\n<\/li>\n<li>\n<p><strong>YBTC Token<\/strong>: Functions like Bitcoin (1:1), enabling use within Bitlayer\u2019s DeFi offerings.<\/p>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Bitlayer_Development_Roadmap\"><\/span><strong><span data-font=\"font-size\" style=\"font-size: 15px;\">Bitlayer Development Roadmap<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Phase 1 (Completed)<\/strong>: Introduced an EVM-compatible Proof-of-Stake model (April 2024).<\/p>\n<p><strong>Phase 2 (Currently Active)<\/strong>: Developing the <strong>BitVM Bridge<\/strong> and rollup infrastructure (Q1\u2013Q2 2025).<\/p>\n<p><strong>Phase 3 (Upcoming)<\/strong>: Targeting ultra-fast rollups of up to 20,000 transactions per second and 3-second confirmations (Q4 2025).<\/p>\n<p>In the <strong>Summer 2025 Launch<\/strong>, Bitlayer is set to unveil the <strong>mainnet beta<\/strong> for the bridge and release a new <strong>V2 whitepaper<\/strong>, along with insights into future <strong>V3 enhancements<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bitlayer_Whitepaper_Insights\"><\/span><strong><span data-font=\"font-size\" style=\"font-size: 15px;\">Bitlayer Whitepaper Insights<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The <strong>Bitlayer Network 2.0 whitepaper<\/strong> details the innovative solutions to Bitcoin\u2019s limitations:<\/p>\n<ul>\n<li>\n<p>Employs a <strong>novel proof system<\/strong> for securing Layer 2 transactions on Bitcoin.<\/p>\n<\/li>\n<li>\n<p>Features a <strong>modular engine<\/strong> capable of executing complex applications.<\/p>\n<\/li>\n<li>\n<p>Integrates <strong>bridge and rollup<\/strong> functionality into a cohesive framework.<\/p>\n<\/li>\n<\/ul>\n<p>Offering <strong>rapid processing, smart contracts, and top-tier Bitcoin security<\/strong> all in one network.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bitlayer_Tokenomics_Overview\"><\/span><strong><span data-font=\"font-size\" style=\"font-size: 15px;\">Bitlayer Tokenomics Overview<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\n<p>Token Designation: <strong>BTR<\/strong><\/p>\n<\/li>\n<li>\n<p>Overall Supply: <strong>1 billion tokens<\/strong><\/p>\n<\/li>\n<\/ul>\n<p><strong>CoinList Token Sale (July 31\u2013August 7, 2025)<\/strong>:<\/p>\n<ul>\n<li>\n<p>Public buyers (non-US) can purchase up to $2 million, available at TGE.<\/p>\n<\/li>\n<li>\n<p>US accredited investors will have a one-year lock.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Funds Raised Within Sales<\/strong>:<\/p>\n<ul>\n<li>\n<p>Public sale achieved $4 million.<\/p>\n<\/li>\n<li>\n<p>Total funds raised to date: <strong>~$29 million<\/strong> (including Seed, Series A, and Extended Series A).<\/p>\n<\/li>\n<li>\n<p>Estimated market cap: <strong>$200M \u2013 $300M<\/strong> when fully diluted.<\/p>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Meet_the_Bitlayer_Team\"><\/span><strong><span data-font=\"font-size\" style=\"font-size: 15px;\">Meet the Bitlayer Team<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\n<p><strong>Charlie Yechuan Hu<\/strong>: Former contributor at Polkadot, Polygon, and Tezos.<\/p>\n<\/li>\n<li>\n<p><strong>Kevin Changbin He<\/strong>: Previously managed blockchain initiatives at Huobi Global; instrumental in launching numerous EVM chains.<\/p>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Fundraising_Journey_of_Bitlayer\"><\/span><strong><span data-font=\"font-size\" style=\"font-size: 15px;\">Fundraising Journey of Bitlayer<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\n<p><strong>Seed Round<\/strong>: $5 million from investors such as Framework Ventures and OKX Ventures.<\/p>\n<\/li>\n<li>\n<p><strong>Series A (July 2024)<\/strong>: $11 million from prominent firms like Franklin Templeton and Flow Traders.<\/p>\n<\/li>\n<li>\n<p><strong>Extended Series A (October 2024)<\/strong>: An additional $9 million was secured.<\/p>\n<\/li>\n<li>\n<p><strong>Public Token Sale (July\u2013August 2025)<\/strong>: Generated $4 million.<\/p>\n<\/li>\n<\/ul>\n<pCumulative funds raised: <strong>~$29 million<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bitlayer_Listing_Essentials\"><\/span><strong><span data-font=\"font-size\" style=\"font-size: 15px;\">Bitlayer Listing Essentials<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\n<p><strong>Exchange Platform<\/strong>: Coinone (South Korea)<\/p>\n<\/li>\n<li>\n<p><strong>Trading Pair<\/strong>: BTR\/KRW<\/p>\n<\/li>\n<li>\n<p><strong>Official Listing Date<\/strong>: August 28, 2025, at 2:00 a.m. UTC<\/p>\n<\/li>\n<\/ul>\n<p>Prior to this moment, the token sale was conducted on CoinList. Now, traders can engage on Coinone.<\/p>\n<p><strong>Exchanging Rates and Details<\/strong>:<\/p>\n<ul>\n<li>\n<p>On CoinList: 1 BTR priced at $0.20<\/p>\n<\/li>\n<li>\n<p>On Coinone: Transacting with Korean Won (KRW)<\/p>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Steps_to_Purchase_Bitlayer_BTR\"><\/span><strong><span data-font=\"font-size\" style=\"font-size: 15px;\">Steps to Purchase Bitlayer (BTR)<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>\n<p>Register and complete <strong>KYC verification on Coinone<\/strong>.<\/p>\n<\/li>\n<li>\n<p>Fund your account with <strong>KRW<\/strong>.<\/p>\n<\/li>\n<li>\n<p>When trading opens, locate <strong>BTR\/KRW<\/strong> and execute your purchase.<\/p>\n<\/li>\n<\/ol>\n<p><strong>Important Reminder<\/strong>: Always initiate with small investments and <strong>ensure you only use funds you can afford to lose<\/strong>.<\/p>\n<\/p><\/div>\n<p><\/p>\n<p><span><span><span>Bitlayer ($BTR) is set to be listed on\u00a0<\/span><\/span><span><span>Coinone\u00a0<\/span><\/span><span> with trading pair\u00a0<span>BTR\/KRW<\/span>\u00a0<\/span><span> on August 28, 2025 at <span>11:00 (KST)<\/span><\/span><\/span><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exploring Bitlayer ($BTR) BitLayer is an innovative Layer 2 protocol designed to enhance the Bitcoin ecosystem, providing both scalability and enhanced smart contract capabilities. By employing the revolutionary BitVM design, we\u2019re able to introduce the \u201cRecursive Settlement Protocol,\u201d which allows for ongoing and transparent settlement of L2 transactions directly on Bitcoin\u2019s main network. This goes [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":44927,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitlayer ($BTR) Launching on Coinone: Join the Action! - Bitrabo","description":"Exploring Bitlayer ($BTR) BitLayer is an innovative Layer 2 protocol designed to enhance the Bitcoin ecosystem, providing both scalability and enhanced smart co"},"footnotes":""},"categories":[315,324],"tags":[4647,16064,16065,14150,3229,16148,11767,16149],"class_list":["post-44926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-listing","category-exchanges","tag-august","tag-bitlayer","tag-btr","tag-kst","tag-listed","tag-oncoinoneexchange","tag-pair","tag-withbtrkrwon"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/44926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=44926"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/44926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/44927"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=44926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=44926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=44926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}