{"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 &#8220;Recursive Settlement Protocol,&#8221; which allows for ongoing and transparent settlement of L2 transactions directly on Bitcoin&#8217;s main network. This goes beyond mere record-keeping, leveraging Bitcoin&#8217;s 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&#8217;s 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 ($BTR) BitLayer is an innovative Layer 2 protocol designed to enhance the Bitcoin ecosystem, providing both scalability and enhanced smart contract capabilities. By employing the revolutionary BitVM design, we\u2019re able to introduce the &#8220;Recursive Settlement Protocol,&#8221; which allows for ongoing and transparent settlement of L2 transactions directly on Bitcoin&#8217;s main network. This goes [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":44927,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitlayer ($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}]}}