The decentralized finance landscape is continually evolving, with innovations like Bitcoin Layer 2 solutions emerging to enhance scalability and utility while preserving core security principles. A notable development in this space is Bitlayer, a Bitcoin Layer 2 blockchain project poised to conduct a public token sale on CoinList. This initiative underscores a strategic move to democratize access to next-generation blockchain infrastructure, aiming to leverage Bitcoin’s robust security model while expanding its transactional capabilities through its proprietary BitVM technology.
- Bitlayer, a Bitcoin Layer 2 project, is launching a public token sale on CoinList.
- The project secured $25 million in seed and subsequent funding rounds from various venture capital firms.
- The public sale aims to raise an additional $6 million through the offering of 33 million BTR tokens.
- The sale is scheduled to begin on July 31, 2025, at 19:00 Kyiv time, and will last one week.
- Public sale participants will receive 100% of their purchased tokens at the Token Generation Event (TGE), expected in Q3 2025.
- The BTR token provides governance rights, staking rewards, and participates in a Fee Switch mechanism.
Bitlayer has garnered substantial early-stage investment, reflecting confidence from prominent venture capital firms. In March 2024, the project secured an initial $5 million in a seed round, drawing participation from industry leaders such as Framework Ventures and OKX Ventures, alongside 26 other contributors. Subsequent funding rounds in July and October of the same year added an additional $11 million and $9 million, respectively, bringing the total accumulated investment to $25 million prior to the public offering.
The forthcoming public token campaign on CoinList aims to raise an additional $6 million through the sale of 33 million BTR tokens. This offering is structured to provide varied terms for different participant demographics. Specifically, 20 million tokens are designated for international participants, while 13 million tokens are reserved for U.S. residents, albeit under different conditions, including a lower fully diluted valuation (FDV) and a one-year cliff on acquired assets. The token sale is scheduled to commence on July 31, 2025, at 19:00 Kyiv time, and will span one week. CoinList will employ its “Filling Up from the Bottom” format, a mechanism designed to promote equitable token distribution by prioritizing smaller allocation requests.
An analysis of the tokenomics reveals that the public sale offers BTR tokens at a significant discount compared to prior private funding rounds. For the general public, the token price is set at $0.2, corresponding to a $200 million FDV. For U.S. participants, the price is $0.15, leading to a $150 million FDV. This contrasts favorably with the previous investment round, which was conducted at a $300 million FDV. Public sale participants are poised to receive 100% of their purchased tokens at the Token Generation Event (TGE), which is anticipated in the third quarter of 2025. In contrast, early-stage investors are subject to a six-month cliff and vesting schedules, and the core team’s tokens will be locked for a period of two years. The initial circulating supply of BTR is projected to be approximately 23% of the total supply.
Token Utility and Ecosystem Governance
The BTR token is integral to the Bitlayer ecosystem, serving multiple critical functions. Holders of BTR can stake their assets to bolster network security and participate in node voting, thereby directly contributing to the decentralized governance of the network. Furthermore, BTR acts as the primary governance token, empowering its holders to vote on key proposals related to the ecosystem’s future development, ranging from protocol upgrades to adjustments in transaction fee parameters. This framework ensures that the decentralized community actively shapes Bitlayer’s strategic direction. A notable feature is the Fee Switch mechanism, which, upon activation by a sufficient number of BTR holders, can redirect a portion of the protocol’s revenue towards rewarding stakers or facilitating buybacks of BTR tokens from the open market, aligning incentives between the protocol’s success and its token holders.
Key Metrics at a Glance
| Ticker | BTR |
| Public Sale Price (General) | $0.2 |
| Public Sale Price (US Residents) | $0.15 |
| Minimum Allocation | From $100 |
| FDV (General) | $200 million |
| FDV (US Residents) | $150 million |
| Tokens Allocated (General) | 20 million |
| Tokens Allocated (US Residents) | 13 million |
| Unlock at TGE | 100% for public sale participants |
| Expected Listing | Q3 2025 |
The Bitlayer public round on CoinList presents a notable opportunity, characterized by a substantial discount on FDV compared to previous private investment rounds and the immediate unlock of tokens at TGE. This confluence of factors positions the Bitlayer ICO as one of the more compelling offerings on the CoinList platform in recent times, aligning with broader market interest in scalable and secure Bitcoin-centric solutions.
For further information regarding Bitlayer, interested parties may consult their official channels: X | Website
Kate specializes in clear, engaging coverage of business developments and financial markets. With a knack for breaking down economic data, she makes complex topics easy to understand.