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Bybit Web3 launches Bitcoin Layer2 Season with a 100,000 MERL giveaway

Bybit Web3 launches Bitcoin Layer2 Season with a 100,000 MERL giveaway

Bybit, a leading cryptocurrency exchange renowned for high trading volumes, is launching the Bitcoin (BTC) Layer2 Season with its Airdrop Arcade, featuring a giveaway of 100,000 MERL tokens in collaboration with Merlin Chain.

Running from March 18, 2024, 10 AM UTC, to April 18, 2024, 10 AM UTC, the event highlights Bybit Web3’s commitment to promoting and improving the Bitcoin Layer2 ecosystem as well as offering users innovative opportunities within the cryptocurrency domain.

The potential of Bitcoin Layer2 

Developed by Bitmap Tech, a reputable company with a market cap exceeding $6 billion, Merlin Chain stands out in the Layer2 space. 

Its BRC-420 “Blue Box” collection, launched on the Bitcoin Ordinals protocol, has witnessed remarkable value appreciation, solidifying its position as one of the most sought-after Ordinals assets and showcasing Merlin Chain’s forward-thinking solutions.

Ben Zhou, Bybitco-founder and CEO, expressed his enthusiasm about the partnership with Merlin Chain, stating:

“We’re thrilled to partner with Merlin Chain, one of the key players in the burgeoning Layer2 space. This airdrop is a fantastic opportunity for our users to explore the potential of Bitcoin Layer2 and be a part of a thriving ecosystem!”

— Ben Zhou, Bybitco-founder and CEO

Merlin Chain’s Layer2 solution also integrates zk-Rollup technology, decentralized oracles, and on-chain Bitcoin fraud-proof modules. 

This approach aims to promote Bitcoin’s native assets, protocols, and products on Layer1, with the goal of “Making Bitcoin Fun Again.”

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