BEVM x Bybit Web3 Airdrop Event Complete Guide: Complete Tasks to Share 1.47 Million $BEVM Tokens
TechFlow Selected TechFlow Selected
BEVM x Bybit Web3 Airdrop Event Complete Guide: Complete Tasks to Share 1.47 Million $BEVM Tokens
The event will last for one month, starting from May 28 and ending on June 28.
Navigating Web3 tides with focused insightsBybit Web3 Wallet has partnered with BEVM ecosystem projects to launch an airdrop rewards campaign. Users who complete cross-chain transfers, staking, lending, and trading using the Bybit Web3 Wallet can share in a total of 1.47 million BEVM tokens worth $600,000. The event runs from May 28 to June 28, lasting one month.
BEVM is one of the recently prominent Bitcoin Layer2 solutions. The project team has been deeply involved in Bitcoin scalability for seven years, accumulating substantial technical expertise. With the Bitcoin ecosystem facing overall upgrades, the BEVM team has chosen technologies such as Schnorr signatures, MAST contracts, and BTC light nodes to achieve optimal balance between network scalability and decentralization while ensuring BTC security. BEVM has attracted investment interest from both Eastern and Western capital focused on the BTC ecosystem and completed a funding round at a valuation of up to $200 million in early 2024.
BEVM x Bybit Web3 Airdrop Event
-
Event Period: 2024/05/28 – 2024/06/28
-
Event Link: Bitcoin Layer-2 Airdrop Season: BEVM | Bybit Web3
-
Interaction Cost: Estimated withdrawal, cross-chain, and interaction costs are approximately $20
-
Expected Return: $1,000+
-
Rewards: BEVM token mystery box + potential ecosystem project token airdrops
Task List:
-
Complete Twitter social media tasks
-
Bridge BTC to BEVM
-
Bido Task: Stake BTC
-
Satoshi Task: Borrow SAT stablecoin
-
BEVMSwap Task: Complete at least one trade
-
OOOO Money Task: Complete at least one cross-chain transfer
Completing any single task unlocks a token mystery box, granting random BEVM token airdrops. Completing more tasks allows users to open more boxes and claim additional BEVM tokens. In a previous Binance campaign, BEVM distributed ORDINALS•RUNES runes airdrops to 150,000 addresses, and participants may also receive future ecosystem project airdrops. The second half of this article provides detailed introductions to ecosystem projects and step-by-step tutorials for completing airdrop tasks.
What is BEVM?
BEVM is a fully decentralized Layer2 solution designed to provide Bitcoin users with a more convenient and efficient experience through Ethereum Virtual Machine (EVM) compatibility and high-performance underlying technology.
The core strengths of BEVM lie in its unique technical architecture:
-
Utilizes a WASM public chain network for higher operational efficiency, allowing BTC light nodes to directly fetch data from the BTC network.
-
Taproot upgrade and aggregated signature algorithms significantly reduce transaction data volume and costs, improving network throughput.
-
MAST contract framework and Schnorr signatures enhance BEVM’s flexibility and scalability.
Thanks to EVM compatibility, BEVM supports development using Solidity and mainstream wallets like MetaMask, lowering the barrier to entry for users. Currently, multiple projects have been deployed within the BEVM ecosystem, including Satoshi Protocol, a USD-pegged stablecoin backed by BTC.
The BEVM team possesses extensive blockchain development experience and has gained recognition from leading investors including Bitmain. BEVM's vision is to build a decentralized BTC Layer2 compatible with EVM, offering Bitcoin users richer application scenarios and improved user experiences.
How to Participate in the BEVM x Bybit Web3 Airdrop
Below is a step-by-step guide on how to complete the BEVM x Bybit Web3 airdrop tasks. Each completed task unlocks a token mystery box, allowing participants to claim shares of BEVM token rewards.
You can also refer to this YouTube video for a detailed walkthrough: Step by Step Guide to Join BEVM Airdrop by Using Bybit Web3 Wallet
-
Install Bybit Web3 Wallet
Search for and download Bybit Web3 Wallet from the Chrome Web Store, then complete wallet setup.
Download link:
https://chromewebstore.google.com/detail/bybit-wallet/pdliaogehgdbhbnmkklieghmmjkpigpa
- Withdraw BTC to your Bybit Web3 Wallet Taproot-formatted BTC address
-
Visit the Bybit Web3 official website and navigate via the menu to Web3 → Earn → Airdrop Arcade
-
Complete BEVM Tasks
-
Connect the Bybit Web3 Wallet extension
-
Link your Twitter account and follow BEVM and Bybit Web3
-
Go to the official BEVM bridge and transfer BTC to the BEVM mainnet
Step 1: Connect your Bitcoin wallet, connect your BEVM wallet, and select Bybit Web3 Wallet
Step 2: Enter the amount of BTC to bridge, click Transfer, and wait for completion (estimated time: ~20 minutes)
(Note: Estimated withdrawal, cross-chain, and interaction costs are around $25; it is recommended to prepare at least 0.001 BTC (~$70) to participate)
-
Complete Bido Staking Task
Bido is a liquidity staking protocol within the BEVM ecosystem. Users stake BTC to support node operations and earn stBTC with interest. This yield comes from 50% of all on-chain transaction fees generated on the BEVM network. Since launching in mid-April, Bido briefly achieved annual percentage yields (APY) as high as 580%, attracting significant user participation in BTC staking.
Use your Bybit Web3 Wallet to stake BTC on Bido to complete this task.
Task Details
Step 1: Visit the Bido official website https://app.bido.finance/ and connect your Bybit Web3 Wallet
Step 2: Stake BTC and receive stBTC
Step 3: Navigate to Warp in the sidebar and wrap stBTC into wstBTC
-
Complete Satoshi Stablecoin Lending Task
Satoshi Protocol aims to become a universal stablecoin protocol within the BTC ecosystem. Users can use BTC as collateral to borrow SAT, a USD-pegged stablecoin, for use across the ecosystem. This initiative could unlock trillions of dollars in latent liquidity within the Bitcoin ecosystem, enabling users to improve capital efficiency while holding BTC.
Use BTC or wstBTC as collateral to borrow SAT stablecoins on Satoshi Protocol to complete this task (tutorial uses wstBTC as example).
Task Details
Step 1: Visit the Satoshi Protocol official website and connect your Bybit Web3 Wallet
Step 2: Go to Position → Select wstBTC → Click Create
Step 3: Set referral address (Referrer Address, grants extra 150 Points)
For details on Points, see Satoshi's referral program: Leaderboard — Referral Program
Step 4: Follow the steps below: deposit wstBTC, borrow SAT, click Approve, then click Create Position.
-
Complete BEVMSwap Swap Task
BEVMSwap is an AMM DEX that offers stable swaps and auto-concentrated liquidity on the BEVM BTC L2. It has officially launched on the BEVM mainnet and supports multiple trading pairs and liquidity pools including BTC, wBTC, SAT, and wstBTC.
Complete at least one swap on BEVMSwap to finish this task.
Task Details
Step 1: Visit the BEVMSwap official website https://bevmswap.xyz/ and connect your Bybit Web3 Wallet.
Step 2: Swap SAT for BTC.
Step 3: Click Confirm Swap and confirm the transaction in your wallet.
-
Complete oooo.money Cross-chain Task
OOOO Money is a modular cross-chain bridge focused on the Bitcoin ecosystem, already supporting asset transfers across multiple Bitcoin Layer2s, enabling users to securely, quickly, and affordably move native BTC-related assets across chains.
Using Bybit Web3 Wallet, bridge BTC from BEVM to Merlin or another chain via oooo.money to complete this task.
Task Details
Step 1: Visit the oooo.money official website https://oooo.money/.
Step 2: Click Bridge to enter the cross-chain page, connect your Bybit Web3 Wallet, select source chain Merlin. Choose destination chain BEVM, fill in and confirm the receiving address. Enter the amount to transfer and click Transfer.
Conclusion
Less than two months after launching its mainnet, BEVM has already become Binance Wallet’s first partnered BTC Layer2 project, distributing exclusive Ordinal•Runes runes to users. The upcoming BEVM x Bybit Web3 airdrop marks an excellent opportunity to explore the BEVM ecosystem and earn token rewards.
Looking ahead, BEVM will continue to innovate and develop, striving to deliver safer, more efficient, and convenient Bitcoin Layer2 experiences.
Join now and be part of the celebration!
Reference
-
https://www.blocktempo.com/binance-cooperates-with-bitcoin-layer2-project-bevm/
-
https://www.theblockbeats.info/news/53330
-
BEVM: Seven Years in the Making, How to Craft a Masterpiece of BTC Layer2?
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
@BTClayer2
