Bitfinity: Bitcoin Layer 2 Scaling Solution & Airdrop
1. What is Bitfinity?
Bitfinity is a Bitcoin Layer 2 scaling solution compatible with EVM (Ethereum Virtual Machine). The project is developed on the Internet Computer protocol, providing a developer-friendly environment with high scalability. The goal of Bitfinity is to help Ethereum dApps operate on the Bitcoin network, fostering ecosystem development and supporting a wide range of assets for users, such as Bitcoin Ordinals, BRC-20, and EVM tokens.
Currently, Bitfinity has not disclosed any information about tokenomics. Coin98 Insights will update as soon as an announcement is made.
2. Bitfinity Products:
- Bitfinity's products include:
+ Bitfinity Wallet
+ Block Explorer
+ AMM
+ Price Oracle
+ Bridge to BTC
+ Bridge to IC
Currently, only Bitfinity Wallet and Block Explorer are operational, while the other 4 products are still under development.
To support the Bridge functionality, Bitfinity has developed the open-source tool BitFusion. The standout feature of BitFusion is its ability to help users transfer a variety of crypto assets, such as ERC-20 tokens, BRC-20 tokens, and NFT collections. The project aims to enhance the user experience on the network and expand the use of different types of assets.
3. Bitfinity Network Information:
- Network Name: Bitfinity MainNet
- Chain ID: 355113
- Currency Symbol: BFT
4. Bitfinity Wallet:
Bitfinity Wallet is a crypto wallet that allows users to store and manage tokens and NFTs. Additionally, this wallet supports interaction with dApps on two supported networks: Bitfinity and Internet Computer. Users can experience the wallet on both mobile and desktop devices.
5. Block Explorer:
The Block Explorer feature (also known as Blockscout) allows users to check wallet balances, track transactions, block data, and access analysis features to help users better understand the network's operational status.
6. How to Participate in Bitfinity Airdrop:
Bitfinity is currently in the testnet phase and allows users to participate in testing for a chance to receive an airdrop. Here’s the specific process:
Step 1: Faucet Token
- On the toolbar, select the Ecosystem feature and then choose Testnet Faucet.
- Select Mint Test Tokens.
- Choose Add token to Wallet to add faucet tokens to your wallet.
Step 2: Bridge Token
- Go here to convert faucet tokens from the Bitfinity network to other networks.
- Users should perform this action multiple times to increase the chances of receiving an airdrop.
Note: Apart from the faucet tokens from Bitfinity, users are not allowed to transfer any other cryptocurrency assets.
Step 3: Participate in Social Tasks
- Visit the Galxe platform to complete tasks provided by Bitfinity.
- Tasks are relatively simple, such as: following channels, retweeting posts, and visiting websites.