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- 🎉 Attention Alpha fans! Alpha’s latest TAG airdrop goes live today at 10 AM—first come, first served!
💰 Don’t forget to share your airdrop or points screenshot on Gate Square with the hashtag #ShowMyAlphaPoints# for a chance to win a share of the $200 token mystery box!
🥇 Top points winner: $100
✨ 5 outstanding posts: $20 each
📸 Pro tips:
Add a caption like “I earned ____ with Alpha. So worth it”
Share your points-earning tips or redemption experience for a better chance to win!
📅 Activity deadline: August 10, 18:00 UTC
Let’s go! See you tonight: https://www.gate.com/announcements/article - Hey fam—did you join yesterday’s [Show Your Alpha Points] event? Still not sure how to post your screenshot? No worries, here’s a super easy guide to help you win your share of the $200 mystery box prize!
📸 posting guide:
1️⃣ Open app and tap your [Avatar] on the homepage
2️⃣ Go to [Alpha Points] in the sidebar
3️⃣ You’ll see your latest points and airdrop status on this page!
👇 Step-by-step images attached—save it for later so you can post anytime!
🎁 Post your screenshot now with #ShowMyAlphaPoints# for a chance to win a share of $200 in prizes!
⚡ Airdrop reminder: Gate Alpha ES airdrop is - Gate Futures Trading Incentive Program is Live! Zero Barries to Share 50,000 ERA
Start trading and earn rewards — the more you trade, the more you earn!
New users enjoy a 20% bonus!
Join now:https://www.gate.com/campaigns/1692?pid=X&ch=NGhnNGTf
Event details: https://www.gate.com/announcements/article/46429 - Hey Square fam! How many Alpha points have you racked up lately?
Did you get your airdrop? We’ve also got extra perks for you on Gate Square!
🎁 Show off your Alpha points gains, and you’ll get a shot at a $200U Mystery Box reward!
🥇 1 user with the highest points screenshot → $100U Mystery Box
✨ Top 5 sharers with quality posts → $20U Mystery Box each
📍【How to Join】
1️⃣ Make a post with the hashtag #ShowMyAlphaPoints#
2️⃣ Share a screenshot of your Alpha points, plus a one-liner: “I earned ____ with Gate Alpha. So worth it!”
👉 Bonus: Share your tips for earning points, redemption experienc - 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
BitSmiley secured tens of millions of dollars in financing to accelerate the development of its Bitcoin stablecoin project.
BitSmiley secures new funding to accelerate Bitcoin stablecoin project advancement
Recently, a project focused on the Bitcoin financial ecosystem secured a new round of funding amounting to $10 million, aimed at advancing its Bitcoin stablecoin bitUSD. What exactly does this BTCFi stablecoin project, affectionately referred to as "smiley face," hope to achieve? What is its core technical framework? Why is the BTCFi market receiving widespread attention? Let's delve deeper into this.
The Three Core Components of BitSmiley
BitSmiley draws on the successful experience of the Ethereum DeFi ecosystem, integrating functions similar to MakerDAO and Compound, and has launched three main components:
bitUSD: This is an over-collateralized stablecoin protocol, similar to DAI. Users can deposit Bitcoin into BitSmiley to mint bitUSD. The protocol adopts the bitRC20 standard, ensuring high transparency, and collaborates with a cross-chain platform to achieve full-chain circulation.
bitLending: This is a native trustless lending protocol. It uses peer-to-peer atomic swap technology to facilitate transaction matching, while introducing an insurance system to optimize the clearing process in traditional lending.
Credit Default Swap ( CDS ): This is an innovative derivative agreement. It integrates the functionality of NFT slicing CDS and uses an aggregated bidding method to enhance the efficiency and fairness of the CDS market.
Core Technology Highlights
There are two core technology points worth noting in the technical framework of BitSmiley:
Native Cross-Chain Technology: BitSmiley collaborates with a POS blockchain based on the Cosmos SDK and Tendermint PBFT consensus engine to achieve native cross-chain. This technology can effectively track and manage UTXOs on the Bitcoin network, enabling secure cross-chain operations. Furthermore, this full-chain smart contract technology also allows for the transparent management of assets across the entire chain.
bitRC20 Standard: This standard draws on the concept of Bitcoin inscriptions and issues assets on the Bitcoin mainnet. When users collateralize BTC, they first bridge the assets through the official channel. After verification, the system sends a minting instruction for bitUSD to the Bitcoin mainnet. Unlike traditional BRC20, bitRC20 adds Mint and Burn operations to meet the demand for dynamic adjustment of stablecoin supply.
The Attractiveness of the BTCFi Market
The BTCFi market has attracted widespread attention for two main reasons:
Huge market potential: Currently, the total locked value of the BTC network only accounts for 0.14% of its total market capitalization, leaving a growth potential of 50-100 times compared to other networks. Moreover, potential sources of funds are not limited to on-chain, but also include off-chain demand behind BTC+ETH ETF funds.
Strategic Position: Mastering core applications such as stablecoins, lending, and derivatives of BTC assets will be able to influence the DeFi model of the entire blockchain environment. This not only revitalizes the existing market but can also lead a new wave of innovation.
As more projects and capital enter the BTCFi space, we have reason to expect that this market will see more innovation and development in the future.