Datagram is a decentralized real-time communication (RTC) infrastructure platform, powered by underutilized resources. It aims to be the DePIN baselayer, an AI-driven, Hyper-Fabric Network enabling fast, scalable connectivity and DePIN interoperability. As of now, the Datagram Alpha Testnet is live where users can run nodes, contribute idle resources and earn rewards. No technical background is required, only reliable hardware and internet.
Key Features and Advantages:
• AI-driven coordination: Dynamically optimizes traffic, congestion control, and scalability while predicting traffic patterns to balance network loads for peak efficiency.
• Cross-network interoperability: Standardized DePIN cross-network communication to ensure seamless interoperability, improved efficiency, and optimal resource utilization while scaling effortlessly.
• Truly decentralized: No servers, no gatekeepers, and no single point of failure.
• Multifunctional: All-in-one platform with RTC, CDN, GPU compute, and storage functionalities.
Real-world Applications:
Datagram supports mission-critical connectivity across various digital applications, including:
•Within the Datagram Discord server, open a support ticket.
•Provide the following proofs in your Discord ticket:
•Screenshot of your follow and retweet of the official Datagram announcement and your Node dashboard showing “Green Connected” status (refer to the announcement link provided: https://x.com/DGramNetwork/status/1932786372613734602)
Reward Information
•Confirmed Reward: Participation in the Alpha Testnet is confirmed to be rewarded.
•Token Supply: The $DGRAM token supply is capped at 10 billion, with 50% reserved for node operator rewards.
Datagram Network Team Information
Jason “BitBender” Brink – Co-Founder & CEO
Jason Brink’s vision for Datagram extends to revolutionizing decentralized infrastructure and addressing global challenges like economic inefficiencies. His background includes creating the AidDollar concept, which won the 2014 Bill and Melinda Gates Foundation / Global Development Network Prize, aimed at fixing foreign aid distribution using blockchain. His experience in post-earthquake Haiti highlighted the need for such solutions. Frustrated by bureaucratic hurdles, he explored the gaming industry to drive wealth transfer through play-to-earn and play-to-own models. As former President of Blockchain at Gala Games, he led the development of a decentralized storage solution supporting 85% of all DHT servers running IPFS. As CEO of Datagram, he aims to build antifragile and resilient distributed systems for a sustainable decentralized world.
William H. Nguyen, Ph.D. – Co-Founder & CTO
Dr. William H. Nguyen, a refugee turned visionary in decentralized technology, is dedicated to advancing global communication and knowledge sharing. He pursued an innovative learning path, mastering English through physics and mathematical equations. He held prestigious fellowships at institutions like the University of California, U.S. Department of Energy Lawrence Livermore National Laboratory, and Harvard Medical School, where he was an Alfred P. Sloan Fellow. Inspired by his early hardships, Dr. Nguyen focuses on technologies that remove barriers to knowledge and communication. His first major project, VoxyPAD, revolutionized remote interactions. Datagram, his current venture, builds on these principles, aiming to make Web3 technology invisible to users by offering secure, privacy-first messaging, peer-to-peer connections, and decentralized communication infrastructure. His work seeks to democratize access to technology, empowering individuals globally.
Datagram Network Funding and Revenue Model
Funding Information:
Based on available search results, specific details about Datagram Network’s funding rounds, amounts raised, and a comprehensive list of investors are not consistently or clearly available from official sources or major financial data platforms like Crunchbase or Pitchbook for the crypto project itself. Some social media posts mention a $100M fundraise and backing from entities like Solana and Mechanism Capital, but these are not officially confirmed announcements from the Datagram Network project.
It is important to note that there are multiple entities named “Datagram” or “Datagram Network Technologies” in search results, some of which are unrelated IT or networking product distributors. This can lead to confusion when searching for funding information specific to the Datagram Network DePIN crypto project.
Revenue Model (Inferred):
The project’s revenue model is not explicitly detailed in the readily available information. However, based on the project overview and its nature as a DePIN (Decentralized Physical Infrastructure Network) project, potential revenue streams could include:
•Network Usage Fees: Charging fees for utilizing the decentralized RTC, CDN, GPU compute, and storage functionalities of the network. Businesses and developers building applications on Datagram’s infrastructure would likely be the primary source of these fees.
•SDK Licensing/Services: If their SDK for embedding video conferencing and other communication features into apps has premium tiers or associated services, this could be a revenue source.
•Tokenomics: The $DGRAM token, with 50% of its 10 billion supply reserved for node operators, plays a central role. While not a direct revenue stream for the project entity itself, the token’s utility and value within the ecosystem are crucial for incentivizing participation and network growth. The project might hold a portion of tokens that could be strategically used or sold over time, contributing to treasury or development funds.
•Partnerships and Enterprise Solutions: Providing tailored DePIN solutions or services to enterprise clients could generate revenue.
Further detailed information on funding and a precise revenue model would likely be found in more in-depth project documentation, whitepapers, or specific announcements from the Datagram Network team, which were not fully accessible or clear in the initial search.
Craft World Voya Games is a GameFi project developed by Angry Dynomites Lab. It’s an immersive crafting game where players manage resources and build. Project Voyager is a meta-game built on top of Craft World, designed to engage players with missions and crew building.
Key Features and Concepts:
• GameFi Project: Craft World Voya Games integrates gaming with decentralized finance elements.
• Craft World: A resource management and building game available on Web, Android, iOS, and Telegram.
• Project Voyager: A meta-game within Craft World where players complete missions, equip characters, and recruit friends to grow their crew.
• Wallet Connection: The platform supports various wallet connections including MetaMask, Ronin Wallet, WalletConnect, and social logins (Google, Apple, Discord, X, Telegram).
• Funding: Voya Games has successfully raised $5 million for Web3 game development, with funding led by 1kx and Makers Fund, and angel investors including industry leaders like Jihoz Zirlin.
Step-by-Step Craft World Voya Games Airdrop Guide
To position yourself for a potential airdrop from Craft World Voya Games and Project Voyager, follow these steps:
Step 1: Connect Your MetaMask Wallet to Craft World
Navigate to the Craft World Voya Games preview website at https://preview.craft-world.gg/. Look for an option to connect your MetaMask wallet. This is a crucial first step to link your on-chain identity with your in-game activity.
Step 2: Explore and Play Craft World
Once your wallet is connected, engage with the Craft World game. This is a resource management and building game. Actively participate in crafting, building, and resource management. The more you interact with the core game mechanics, the more on-chain activity you generate, which can be a factor in airdrop eligibility.
Step 3: Join Project Voyager
Project Voyager is a meta-game built on top of Craft World. Access it via https://voyager.preview.craft-world.gg?code=97a5cc. If prompted, log in using your existing Craft World credentials. Growing your crew by recruiting friends is also a stated objective within Project Voyager, suggesting it will be a factor in potential rewards.
Step 4: Complete Missions and Equip Your Character
Project Voyager features missions that players can complete. Actively participating in these missions and equipping your character are likely ways to demonstrate engagement and accumulate points or eligibility for an airdrop. The more active and involved you are in the game and meta-game, the higher your chances of being recognized for potential rewards.
Step 5: Engage with the Community (Discord)
Join the Angry Dynomites Discord server at https://discord.gg/angrydynomites. Engaging with the community, staying updated on announcements, participating in discussions, and providing feedback can be crucial for airdrop eligibility. Many projects reward active community members.
Team Information
Craft World Voya Games is developed by Angry Dynomites Lab, which has since rebranded its company to VOYA Games. The team is led by CEO and founder Oliver Löffler, who is also the creator of Idle Miner Tycoon and co-founder of Kolibri Games. The team at VOYA Games is described as highly skilled, with extensive gaming expertise and a deep passion for NFTs and Web3 gaming. They aim to build sustainable, meaningful, and fun Web3 gaming experiences.
Funding Information
VOYA Games has successfully raised a total of $5 million in funding for Web3 game development. This funding round was led by prominent investors 1kx and Makers Fund, with additional investment from RockawayX. Angel investors include industry leaders such as Jihoz Zirlin. This substantial investment underscores strong confidence in VOYA Games’ vision and its potential to revolutionize the Web3 gaming landscape. The capital will be used to support the growth of Craft World and develop a network of interconnected, player-owned game economies.
Revenue Model
As a GameFi project, Craft World Voya Games likely employs a multi-faceted revenue model common in the Web3 gaming space. Based on the information available, the primary revenue streams are expected to include:
•In-game Asset Sales: Revenue generated from the sale of in-game items, NFTs, or other digital assets that players can collect, trade, and manage. Craft World features over 25 unique resources, each tied to an ERC20 token, indicating a robust in-game economy.
•Transaction Fees: Fees collected from in-game transactions, such as trading resources or crafting new objects, especially since items are tied to ERC20 tokens.
•Tokenomics: The project utilizes a native token called Dyno Coin, which likely plays a role in the game’s economy and could contribute to the revenue model through various mechanisms like staking, liquidity provision, or token sinks.
•Platform Fees: Potential fees from the broader ecosystem, such as marketplace transactions for player-owned assets.
Conclusion
Craft World Voya Games and Project Voyager offer an engaging GameFi experience with a clear path for potential airdrop participation. By connecting your MetaMask wallet, actively playing Craft World, joining Project Voyager, completing missions, and engaging with the community, you can increase your chances of being eligible for future rewards. The strong funding and experienced team behind VOYA Games further solidify its potential in the Web3 gaming space.
HyperEVM, the smart contract layer of the Hyperliquid ecosystem, is designed to provide a high-performance environment for decentralized finance (DeFi) applications. Unlike a separate blockchain, HyperEVM is secured by the same HyperBFT consensus as HyperCore, allowing for seamless and direct interaction with Hyperliquid’s core functionalities, such as spot and perpetual order books. This integration offers low fees, fast transaction finality, and full composability with leading protocols, making it a fertile ground for innovation in the DeFi space.
This guide aims to provide a more comprehensive understanding of the HyperEVM ecosystem, detailing its architecture, advantages, and the various applications built upon it. We will also explore strategies to maximize potential airdrop opportunities within this rapidly evolving ecosystem.
Understanding HyperEVM: Architecture and Advantages
HyperEVM is not a standalone blockchain but an integral part of the Hyperliquid Layer 1 blockchain. It leverages Hyperliquid’s existing infrastructure and consensus mechanism (HyperBFT) to offer a high-performance and secure environment for smart contracts. This unique architecture provides several key advantages:
Seamless Integration with HyperCore: HyperEVM can directly interact with Hyperliquid’s core components, including its spot and perpetual order books. This allows DeFi applications built on HyperEVM to access deep liquidity and real-time market data without bridging risks or latency issues.
Permissionless Development: Developers can deploy ERC20 contracts and other EVM-compatible applications on HyperEVM using standard tooling. This permissionless approach fosters innovation and allows projects to integrate with Hyperliquid’s trading infrastructure easily.
Enhanced Functionality for DeFi Protocols: HyperEVM enables advanced DeFi functionalities. For instance, lending protocols can read real-time asset prices from HyperCore order books and execute liquidations directly through smart contracts, streamlining operations and reducing risks.
Unified State: The unified state between HyperCore and HyperEVM eliminates bridging risks often associated with separate chains, providing a more secure and efficient environment for users and developers.
Scalability and Performance: By leveraging Hyperliquid’s high-throughput Layer 1, HyperEVM benefits from fast transaction processing and low fees, crucial for demanding DeFi applications.
Current State and Future Development
HyperEVM is currently in its alpha stage, with a focus on gradual rollout and iterative development. This phased approach ensures stability and allows for continuous improvement based on user feedback. While some advanced features, such as higher throughput and write system contracts, are not yet live on the mainnet, they are planned for future implementation. This commitment to a fair, credibly neutral platform and a user-centric development process positions HyperEVM for long-term growth and adoption.
The HyperEVM Ecosystem: A Deep Dive into Live Applications
The HyperEVM ecosystem is rapidly expanding, with numerous protocols offering innovative solutions across various DeFi sectors. The original article listed 25 applications, and we will now present them in a more organized and detailed manner, highlighting their core functionalities and potential airdrop interaction methods. We will also incorporate additional information where available.
Official LayerZero-powered bridge connecting HyperEVM to 120+ chains.
Bridge assets like USDT0, USDe, APE, PLUME, RLP, USR, COOK, and cmETH to HyperEVM; Transfer tokens from any LayerZero-supported chain to HyperEVM; Use the bridge interface at thehyperliquidbridge.xyz/transfer; Track cross-chain transactions for potential points.
Cross-chain Bitcoin bridge with zero slippage and fast transfers to HyperEVM.
Bridge BTC to HyperEVM in one click; Swap assets on Bitcoin, Ethereum, Arbitrum, Base, and Berachain to HyperEVM; Use their one-click swap feature for seamless transfers; Track transaction history for potential points.
Low-slippage DEX with deep ecosystem integration, positioned as a lightweight alternative to KittenSwap with optimized trading and low TVL mining.
Provide liquidity and quality LP tokens; Participate in regular trading, especially with partner tokens; Hold ecosystem assets like Hypio NFTs, Buddy tokens, CatCabal, or PiP for additional rewards.
Decentralized exchange with advanced trading features and deep liquidity.
Trade various assets with advanced order types; Provide liquidity to earn trading fees; Participate in trading competitions; Stake platform tokens for governance rights.
Primary lending protocol on HyperEVM supporting core assets like HYPE, stHYPE, LHYPE, and USDXL. Provides liquidity foundation for other protocols including Harmonix, Mizu Labs, and Felix.
Deposit assets early in new cycles (HYPE, LHYPE, or USDXL); Borrow assets to increase point weight; Activate daily XP cycles (hold ≥100 points and deposit ≥$50); Leverage available boosts (Testnet participants get permanent point multipliers, Hold @HypioHL NFTs for additional points); Stack rewards by using borrowed assets in other protocols.
Leverage lending platform and issuer of the native overcollateralized stablecoin USDXL. Users can collateralize $HYPE or stHYPE to borrow USDXL while still earning interest on their collateral.
Deposit $HYPE and borrow USDXL; Add borrowed USDXL to liquidity pools on KittenSwap or HyperSwap; Hold or lend USDXL for potential future rewards; Participate in early user activities (platform tracks borrowing, adding liquidity, or transferring USDXL).
First native stablecoin protocol on HyperEVM where users can mint feUSD by collateralizing HYPE. Offers dual earning paths through liquidation rewards and liquidity provision.
Collateralize HYPE to mint feUSD; Stake feUSD in stability pools for liquidation rewards; Add feUSD to liquidity pools on KittenSwap or HyperSwap; Use feUSD across multiple protocols for potential additional rewards.
Permissionless borrowing protocol with dynamic interest rates and liquidation ratios.
Deposit assets like HYPE or wstHYPE as collateral; Borrow against your collateral with dynamic interest rates; Participate in the protocol’s points program; Monitor liquidation ratios to maintain healthy positions.
Fixed-rate lending protocol on HyperEVM offering unique lending and borrowing opportunities.
Provide liquidity to earn fixed-rate yields; Borrow assets at fixed rates; Participate in their points program; Integrate with other HyperEVM p### Staking & Yield Farming
Liquid staking protocol for HYPE tokens on HyperEVM.
Stake HYPE to receive stHYPE (liquid staking token); Use stHYPE across DeFi protocols while earning staking rewards; Integrate with money markets like Felix Protocol and HypurrFi; Participate in the decentralized validator network.
Staking platform for various HyperEVM assets, offering competitive yields.
Stake HYPE, stHYPE, and other ecosystem tokens; Earn staking rewards; Participate in governance through staked tokens; Monitor staking APYs and optimize returns.
Yield farming protocol on HyperEVM, providing opportunities to earn high returns on crypto assets.
Deposit assets into farming pools; Earn yield in various tokens; Participate in new farming opportunities; Monitor APYs and adjust strategie### Other DeFi Protocols & Tools
Domain name service for HyperEVM, similar to ENS for Ethereum.
Register .hl domain names; Set up wallet resolution for easier transactions; Trade domain names on secondary markets; Connect domains to other ecosystem protocols.
Verification and ecosystem fund focused on quality, revenue, and long-term engagement with Hyperliquid.
Stake HYPE with Hyperbeat to accumulate Hearts points; Access Hyperbeat through Royco Markets; Participate in ecosystem activities to earn Hearts points.
Gamified DeFi experience on HyperEVM where strategy plays a key role.
Participate in gamified DeFi strategies; Transfer tokens between HyperCore and HyperEVM for Genesy; Climb leaderboards through strategic gameplay; Earn rewards based on performance and strategy.
DEX aggregator and AI-powered trading assistant for HyperEVM.
Use the DEX aggregator for optimal swap routes; Deploy AI agents for automated trading strategies; Track protocol points and rewards; Monitor new protocols joining HyperEVM through their platform.
Decentralized asset tokenization protocol built on Hyperliquid.
Deposit native BTC, ETH, or SOL to receive tokenized versions; Stake tokenized assets for yield; Participate in governance; Use tokenized assets across HyperEVM DeFi.
Decentralized autonomous organization platform on HyperEVM, empowering communities to govern projects.
Participate in governance proposals; Vote on key decisions; Stake tokens for voting power; Earn rewards for active participation.
Conclusion
The HyperEVM ecosystem, with its innovative architecture and growing suite of applications, presents a dynamic and promising landscape for DeFi enthusiasts and airdrop farmers. By actively engaging with these diverse protocols, users can not only maximize their potential rewards but also contribute to the growth and decentralization of this cutting-edge ecosystem. As HyperEVM continues to evolve, staying informed and actively participating will be key to unlocking its full potential.
This comprehensive guide will walk you through the steps to interact with the RISE Chain Testnet for a potential airdrop. RISE Chain is a cutting-edge Ethereum Layer 2 blockchain focused on delivering ultra-fast performance and scalability while maintaining Ethereum’s security and decentralization. Engaging with its testnet is a key way to position yourself for potential future rewards.
Step-by-Step RISE Chain Testnet Airdrop Guide
Follow these instructions to interact with the RISE Chain Testnet and maximize your chances of a potential airdrop:
Step 1: Add RISE Testnet to Your Wallet
Before you can interact with the RISE Testnet, you need to add its network configuration to your cryptocurrency wallet (e.g., MetaMask). You can typically find the network details on the RISE Chain portal or documentation. Look for an “Add Network” button or section that provides the necessary RPC URL, Chain ID, and other parameters. Once added, switch your wallet to the RISE Testnet.
Step 2: Claim Faucet Tokens
Navigate to the RISE Chain Testnet Faucet at https://faucet.testnet.riselabs.xyz/. Enter your wallet address in the designated field. The faucet allows you to claim various testnet tokens, including ETH, WETH, USDC, and others. It is recommended to claim all available tokens to enable comprehensive testing of different dApps on the network. Remember that these tokens have no real value and are solely for testing purposes.
Step 3: Explore RISE DApps
Actively engage with the decentralized applications (dApps) available on the RISE Testnet. You can find these dApps by navigating to the “Apps” or “Explore Apps” section on the RISE Chain portal (https://portal.risechain.com/). Interact with as many dApps as possible, performing various transactions such as swapping tokens, providing liquidity, or participating in any available testnet activities. Consistent and varied interaction with the ecosystem is often a key factor in airdrop eligibility.
Project Overview: RISE Chain – The Ethereum Layer 2 for Infinite Speed
RISE Chain is an innovative Ethereum Layer 2 blockchain designed to address the critical challenges of speed and scalability in the decentralized ecosystem. It aims to deliver real-time performance with ultra-low latency and high transaction throughput, all while maintaining a strong commitment to Ethereum’s security and decentralization principles.
Core Technologies and Vision:
RISE Chain’s primary innovation lies in its “Infinite Speed” architecture, which leverages a unique technology called Shreds. Shreds are verifiable sub-blocks that enable parallel processing and rapid transaction pre-confirmations, significantly reducing round-trip latency to as low as 10 milliseconds. This breakthrough allows for an instant user experience and efficient execution of complex DeFi applications.
The project is also focused on achieving high throughput, with the testnet demonstrating capabilities of up to 50,000 transactions per second (TPS) and a roadmap to exceed 100,000 TPS. This scalability is crucial for supporting a large number of users and applications without compromising performance.
Furthermore, RISE Chain prioritizes decentralization by designing its system to run on widely available hardware, ensuring that it can evolve into a robust and censorship-resistant network. It plans to integrate with Ethereum’s Layer 1 validator set for transaction ordering and execution through “Based Sequencing,” further enhancing its security and alignment with the broader Ethereum ecosystem.
Team Information:
RISE Chain is developed by RISE Labs. While specific individual profiles for all team members are not extensively publicized, the project is backed by a team with expertise in blockchain technology and a strong focus on performance and scalability. Sam Battenally is listed as the Founder & CEO of RISE Labs [2]. Other individuals associated with RISE Labs include Dung Vu Trung and Kien Nguyen, and Ivan Rybin as a Rust developer [2]. The team’s commitment to pushing the boundaries of blockchain technology is evident in their innovative approach to Layer 2 scaling solutions.
Funding Information:
RISE Chain has successfully attracted significant investment from prominent venture capital firms. The project recently secured an additional $4 million from Galaxy Ventures, bringing its total funding to $8 million [3, 4, 5, 7, 9]. This substantial funding underscores investor confidence in RISE Chain’s vision and its potential to revolutionize the Ethereum scaling landscape. The capital raised will be utilized to further develop the platform, expand the team, and drive innovation in the ultra-fast Layer 2 space.
Revenue Model:
As an Ethereum Layer 2 blockchain, RISE Chain’s revenue model is likely to be based on transaction fees, similar to other blockchain networks. Users would pay a small fee for each transaction processed on the RISE Chain. Given its focus on high throughput and low latency, the project aims to attract a large volume of transactions, which would contribute to its revenue. Additionally, there might be potential for revenue generation through:
• Developer Tools and Services: Offering premium tools, APIs, or services for developers building on the RISE Chain.
• Ecosystem Growth Initiatives: Potential fees or mechanisms related to supporting and growing the dApp ecosystem on RISE Chain.
• Staking and Validation: If RISE Chain implements a staking mechanism for network security, a portion of transaction fees or newly minted tokens could be distributed to stakers.
Conclusion
Participating in testnets like RISE Chain offers a unique opportunity to engage with cutting-edge blockchain technology and potentially qualify for future airdrops. By actively adding the network to your wallet, claiming faucet tokens, and exploring the various dApps, you contribute to the growth and testing of the RISE Chain ecosystem. This proactive engagement can position you favorably for any potential airdrop rewards.
This comprehensive guide will walk you through the steps to interact with the Turnkey Testnet for a potential airdrop. Turnkey is a project focused on secure and flexible wallet infrastructure, and participating in their testnet can position you for future rewards. While the exact criteria for an airdrop are often unannounced, engaging with the protocol’s features during its testnet phase is a common strategy for airdrop hunters.
Step-by-Step Turnkey Testnet Airdrop Guide
Follow these instructions carefully to maximize your chances of a potential Turnkey airdrop:
Step 1: Sign Up with Email
Navigate to the Turnkey Testnet wallet at https://wallet.tx.xyz/. You will be prompted to sign up using your email address. Enter your email and proceed with the email confirmation process.
Step 2: Export and Backup Your Wallet
Once you have successfully signed up and logged in, it is crucial to export and securely back up your wallet’s seed phrase or private key. Look for an “Export” option within your wallet interface. This step is vital for the security of your funds and to ensure you can recover your wallet if needed. Store this information in a safe, offline location.
Step 3: Fund Your Wallet with Sepolia ETH
To interact with the Turnkey Testnet, you will need Sepolia ETH, which is a testnet cryptocurrency. You can obtain Sepolia ETH from various faucets available online. Search for “Sepolia ETH faucet” to find resources that provide free testnet ETH. Once acquired, send the Sepolia ETH to your Turnkey Testnet wallet address.
Step 4: Send Sepolia ETH to Another Address
To demonstrate activity on the testnet, send Sepolia ETH from your Turnkey wallet to another address. This could be a friend’s Sepolia address or any other valid Sepolia address. The provided address 0x78B332c2AC94D5B2045fCdCd1a41B96Ae0A216cA can be used for this purpose. Performing this transaction helps to register your activity on the testnet.
Step 5: Send Daily (Optional but Recommended)
To increase your chances of a potential airdrop, it is often recommended to engage in consistent activity on the testnet. Sending Sepolia ETH daily to another address can be a way to show continuous interaction with the protocol. While not explicitly stated as a requirement for an airdrop, consistent engagement is a common factor considered by projects.
Turnkey is a crypto infrastructure company focused on providing secure, flexible, and scalable wallet infrastructure. Its core offering is private key management made simple, allowing users to create wallets, sign transactions, and automate on-chain actions through an elegant API. The project aims to address usability and security issues prevalent in existing crypto wallets, which have historically hindered broader crypto adoption.
Key Features and Approach:
Turnkey’s approach to wallet infrastructure is built around several key primitives:
• Embedded Wallets: Designed to increase conversion rates with seamless, in-app wallet experiences.
• Smart Wallet Signer: Leverages account abstraction to facilitate the development of user-friendly decentralized applications.
• On-chain Automation: Enables the automation of complex crypto transactions.
• Authentication: Supports familiar login methods like OAuth, passkeys, and email for faster user onboarding.
• Policy Engine: Allows for the creation of granular policies to manage transaction limits, user permissions, and enhance operational security.
• Sessions: Facilitates user sessions for transaction signing without requiring additional approvals.
Cryptographic Security:
Turnkey emphasizes cryptographic security from first principles, ensuring:
• Non-custodial: Users maintain full control over their wallets and private keys.
• Enterprise-grade: The team brings expertise from building Coinbase Custody, focusing on robust key management solutions.
• Secured by Trusted Hardware: All applications and services operate within secure enclaves (Trusted Execution Environments – TEEs).
• Verifiable: Turnkey’s code is designed to be independently verifiable, promoting transparency and trust.
Team Information:
Turnkey was founded by former Coinbase Custody builders in 2022. While a comprehensive list of all team members isn’t readily available through general searches, key figures and their backgrounds are often highlighted in funding announcements and company profiles. The team is described as low-ego, high-slope, and crypto-native, with over 100+ years of combined experience in cryptography, security, and low-level systems.
One of the co-founders and CEO is Bryce Ferguson [7]. Other notable individuals associated with Turnkey include Jack Kearney and Sam McIngvale [10]. The team’s background in building institutional-grade crypto custody solutions at Coinbase provides a strong foundation for their focus on security and scalability.
Funding Information:
Turnkey has successfully raised significant capital from prominent investors in the crypto and venture capital space. Most recently, Turnkey announced a $30 million Series B funding round [2, 3, 5, 7, 9]. This round was led by Bain Capital Crypto [9], with participation from other notable firms such as Sequoia Capital and Lightspeed Faction [6].
This Series B funding brings their total raised capital to $52.5 million [5]. The funds are intended to be used for scaling the team, expanding their modular infrastructure, and focusing on open-source contributions.
Revenue Model:
While specific details of Turnkey’s revenue model are not explicitly outlined in publicly available information, based on their offerings as a
B2B (business-to-business) infrastructure provider, their revenue model likely revolves around charging businesses for the use of their APIs and services. This could include:
• Tiered API Pricing: Charging based on usage, such as the number of wallets created, transactions signed, or API calls made.
• Licensing Fees: A one-time setup fee or recurring licensing fees for access to their platform and features.
• Maintenance and Support: Fees for ongoing maintenance, updates, and customer support.
While specific pricing details are not publicly disclosed, their focus on providing a scalable and secure solution for businesses suggests a service-based revenue model common among infrastructure providers in the tech industry.
Conclusion
Participating in testnets like Turnkey’s offers a valuable opportunity to engage with emerging blockchain technologies and potentially qualify for future airdrops. By following the steps outlined in this guide, you can actively contribute to the Turnkey ecosystem and position yourself for potential rewards. Remember to always prioritize security by backing up your wallet information and exercising caution with testnet funds.
Bybit has established itself as the world’s second-largest cryptocurrency exchange by trading volume, serving over 60 million users globally. Founded in 2018, the platform specializes in crypto derivatives trading, offering Bitcoin perpetual futures, options, and leveraged trading. Traders can long or short digital assets, enabling them to profit from both rising and falling market conditions.
In this article, we’ll explore Bybit’s key features, derivatives trading mechanics, and security protocols to determine whether it remains a top choice for traders in 2025.
Key Features
Bybit has evolved into one of the largest cryptocurrency exchanges, offering a user-centric trading experience with cutting-edge features designed for both beginners and professional traders. Here are some of Bybit’s key features:
1. Leveraged Trading
Bybit continues to provide high-leverage trading options, allowing users to amplify their positions with up to 100x leverage on select derivatives contracts.
2. Perpetual Futures Contracts
The exchange specializes in perpetual futures contracts, which allow traders to speculate on cryptocurrency prices without an expiration date. Bybit offers deep liquidity, ensuring seamless order execution even during volatile market conditions.
3. Advanced Trading Tools
Bybit has introduced AI-powered trading analytics, automated trading bots, and customizable risk management features to enhance user experience. These tools help traders make informed decisions and optimize their strategies.
4. Proof of Reserves & Security
Security remains a top priority for Bybit. The platform now provides real-time proof of reserves, ensuring transparency and user fund protection. Additionally, Bybit employs multi-layer security protocols, including cold storage for assets, multi-factor authentication, and anti-phishing measures.
5. Web3 & DeFi Integration
Bybit has expanded its ecosystem to support Web3 applications, allowing users to access decentralized finance (DeFi) services, stake assets, and participate in on-chain governance directly from the exchange.
6. Global Accessibility & Compliance
Bybit has strengthened its regulatory compliance, securing licenses in multiple jurisdictions to ensure global accessibility while adhering to strict financial regulations.
History of Bybit
Bybit was founded in 2018 by Ben Zhou, an entrepreneur from Singapore, with the goal of creating a user-friendly cryptocurrency derivatives exchange. Initially headquartered in Singapore, Bybit quickly gained traction among traders due to its high-leverage trading options and advanced trading tools.
Major Milestones
2022 – Bybit relocated its headquarters to Dubai, United Arab Emirates, to align with the region’s growing crypto-friendly regulations.
2023 – The exchange faced legal challenges when the FTX bankruptcy estate sued Bybit for nearly $1 billion, alleging preferential withdrawals during FTX’s collapse. Bybit settled the case in October 2024, paying $228 million.
2025 – In February 2025, Bybit suffered the largest cryptocurrency exchange hack in history, losing $1.5 billion in Ethereum due to vulnerabilities in its multi-signature wallet system. The exchange replenished its reserves within 72 hours with emergency funding from Galaxy Digital, FalconX, and Wintermute2.
Despite challenges, Bybit remains the second-largest cryptocurrency exchange globally, continuing to expand its Web3 ecosystem, enhance security measures, and refine its derivatives trading offerings
What is Derivatives Trading?
Crypto derivatives trading lets investors speculate on future prices of digital assets like Bitcoin and Ethereum—without owning them. Bybit offers perpetual contracts, futures, and options, allowing users to potentially profit from price movements in either direction.
Why Trade Derivatives on Bybit?
Leverage Up to 100x
Hedging Strategies – Reduce losses from price volatility
Advanced Order Execution – Secure trades with price protection features
Bybit’s Popularity in 2025
Bybit has solidified its position as the world’s second-largest cryptocurrency exchange by trading volume, serving over 70 million registered users globally. The platform continues to attract traders due to its high liquidity, advanced trading tools, and strong security measures.
Types of Derivatives Products on ByBit
Bybit continues to be a leading crypto derivatives exchange, offering a diverse range of trading products designed for both retail and institutional traders. Here is a list of what derivatives products are available on Bybit in 2025:
1. Perpetual Futures Contracts
Bybit specializes in USDT-margined and inverse perpetual contracts, allowing traders to speculate on price movements without an expiration date. These contracts provide deep liquidity and up to 100x leverage, making them a preferred choice for active traders.
2. Standard Futures Contracts
Bybit offers quarterly and bi-quarterly futures contracts, which settle at a predetermined date. These contracts are ideal for traders looking for structured risk management and long-term market exposure.
3. Options Trading
Bybit has expanded its crypto options market, providing European-style options that allow traders to hedge risks or speculate on volatility. The platform supports BTC, ETH, and other major assets, with customizable strike prices and expiration dates.
4. Inverse Perpetual Contracts
Bybit recently introduced 15 new inverse perpetual contracts, enabling traders to use crypto as collateral instead of stablecoins. This feature is particularly useful for long-term holders who want to trade without converting assets.
5. Copy Trading & AI-Powered Strategies
Bybit now integrates AI-driven trading bots and copy trading features, allowing users to follow expert traders and automate strategies. This makes derivatives trading more accessible to beginners while enhancing efficiency for professionals.
Bybit supported countries in 2025
Bybit provides cryptocurrency trading services in over 160 countries, allowing users to buy, sell, and trade digital assets. However, due to regulatory restrictions, certain regions are excluded from accessing the platform.
BybitSupported Countries
Bybit is available in major regions across Asia, Europe, Africa, and the Americas. Some of the key supported countries include:
Asia-Pacific: Japan, India, South Korea, Malaysia, Indonesia, Philippines, Thailand, Vietnam
Europe: Germany, France, Spain, Italy, Netherlands, Switzerland, Poland, Portugal
Middle East & Africa: United Arab Emirates, Saudi Arabia, South Africa, Egypt, Kenya
Americas: Brazil, Argentina, Mexico, Chile, Peru, Canada (limited services)
Bybit Restricted or Banned Countries
Bybit does not operate in the following locations:
United States, United Kingdom, Canada, France – Regulatory frameworks prevent Bybit from offering services.
Sanctioned Countries – North Korea, Cuba, Iran, Sudan, Syria, and Russian-controlled regions in Ukraine (Crimea, Donetsk, Luhansk, Sevastopol) are restricted due to international sanctions.
Bybit Supported Cryptocurrencies
Bybit offers a wide range of cryptocurrencies for trading, including major assets, stablecoins, and newly listed tokens. Here are the cryptocurrencies supported by Bybit:
Major Cryptocurrencies
Bybit supports trading for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), and Polygon (MATIC), among other leading digital assets.
Stablecoins
Users can trade with USDT, USDC, DAI, and other fiat-backed stablecoins, ensuring price stability and seamless transactions.
New Listings & Emerging Tokens
Bybit frequently adds new cryptocurrencies through its Launchpad and Launchpool programs, allowing users to invest in early-stage blockchain projects. Recent additions include AI-powered tokens and real-world asset-backed cryptocurrencies.
Derivatives & Perpetual Contracts
Bybit offers crypto derivatives trading, including USDT-margined and inverse perpetual contracts for major assets like BTC, ETH, and SOL.
Bybit Payment Methods
Bybit offers multiple payment options for users to deposit funds and purchase cryptocurrencies securely. The exchange supports bank cards, digital wallets, and crypto payments, ensuring flexibility for traders worldwide as follows:
1. Bank Card Payments
Bybit allows users to buy crypto using Visa, Mastercard, JCB, Google Pay, and Apple Pay. Users can link up to 5 bank cards to their account, provided they meet identity verification requirements.
2. Supported Fiat Currencies
Users can purchase cryptocurrencies using major fiat currencies, including USD, EUR, GBP, JPY, and AUD. The availability of fiat options depends on the selected payment method and region.
3. Bybit Pay
Bybit Pay is a global crypto payment solution, enabling users to make transactions using 15 major cryptocurrencies, including BTC, ETH, USDT, USDC, XRP, BNB, and TON3. The platform supports instant transfers via email, phone number, or Bybit User ID.
4. Transaction Fees
Bybit applies variable transaction fees based on the payment method:
Visa/Mastercard (EU) – 1.1% per transaction
Visa (Non-EU) – 3.05% per transaction
Mastercard (Non-EU) – 2.7% per transaction
Google Pay & Apple Pay – 1.8% + €0.24 fixed cost
Bybit Deposit and Withdrawal Fees
Bybit offers zero deposit fees for cryptocurrency transactions, allowing users to fund their accounts without additional costs. However, withdrawal fees vary based on the network conditions and asset type.
Deposit Fees
Crypto Deposits – No fees for depositing cryptocurrencies into Bybit.
Fiat Deposits – Fees may apply depending on the payment provider used for fiat transactions.
Withdrawal Fees
Bybit charges fixed withdrawal fees based on the selected cryptocurrency and blockchain network. Some examples include:
Bitcoin (BTC) – 0.0005 BTC
Ethereum (ETH) – 0.00015 ETH
USDT (Tether, BEP20) – 10 USDT
Solana (SOL) – 0.00802 SOL
XRP (Ripple) – 0.844 XRP
Bybit processes withdrawals 3 times daily to ensure efficient fund transfers. Users should check the withdrawal page for real-time fee updates, as network congestion may impact costs.
Bybit Trading Fees
Bybit follows a tiered fee structure, offering competitive rates for spot trading, perpetual contracts, and options trading. Fees vary based on VIP levels, which are determined by asset balance or 30-day trading volume.
Spot Trading Fees
VIP 0 (Standard Users): 0.10% maker & taker fee
VIP 1: 0.08% maker & 0.0675% taker fee
VIP 3: 0.075% maker & 0.0625% taker fee
Supreme VIP: 0.045% maker & 0.03% taker fee
Perpetual & Futures Contracts Fees
VIP 0: 0.055% taker & 0.02% maker fee
VIP 3: 0.035% taker & 0.014% maker fee
Pro 5: 0.021% taker & 0.000% maker fee
Options Trading Fees
VIP 0: 0.03% taker & 0.02% maker fee
VIP 3: 0.02% taker & 0.015% maker fee
Pro 6: 0.015% taker & 0.000% maker fee
Bybit updates VIP levels daily. Users can check their personal fee rates in the My Fee Rate section after completing identity verification.
Bybit KYC Verification
Bybit requires users to complete Know Your Customer (KYC) verification to access most features on the exchange. This process ensures compliance with global anti-money laundering (AML) regulations and enhances security for all users.
KYC Levels & Withdrawal Limits
Bybit offers multiple KYC levels, each with different benefits and withdrawal limits:
VIP Levels – Higher withdrawal limits, up to 30M USDT for PRO 6 users
How to Complete KYC Verificationon Bybit
Users must submit government-issued identification and complete facial recognition to verify their identity. Advanced verification requires proof of address, such as a utility bill or bank statement.
Bybit Offers and Coupons
Bybit provides a variety of promotions, bonuses, and fee discounts for both new and existing users through its Rewards Hub. Here is a list of what Bybit offers and coupons are available in June 2025:
1. Welcome Bonuses
New users can claim sign-up rewards by completing tasks such as making their first deposit or executing trades. Bonuses include:
Deposit Bonus – Earn up to US$50 for funding your account.
Referral Bonus – Invite friends and receive extra trading credits.
2. Trading Fee Discounts
Bybit offers fee savers that reduce trading costs on spot, perpetual, and futures contracts. These discounts apply automatically when trading.
3. Special Promotions & Airdrops
Users can participate in weekly trading competitions and airdrops, earning exclusive rewards based on trading volume and engagement.
4. Bybit Pay Coupons
Coupons are available for Bybit Pay transactions, allowing users to offset fees when making purchases through Bybit’s payment system.
Bybit Testnet
You can also test transactions on the Bybit Testnet. This allows users who are unfamiliar with features to trade without using real Bitcoin.
Bybit Controversies
Bybit has faced scrutiny over its leveraged trading risks, with some users reporting significant losses due to market volatility. The exchange emphasizes that high-leverage trading is intended for experienced traders, and users must understand the risks before engaging in derivatives trading. Here are some of Bybit’s recent controveries:
Leveraged Trading Risks – Bybit has been criticized for enabling high-leverage trades, which can lead to rapid liquidations in volatile markets. The platform advises users to employ risk management tools such as stop-loss orders.
Listing Fee Allegations – Claims surfaced that Bybit charges US$1.4 million in listing fees for new tokens. The exchange denied these allegations, clarifying that projects must provide a promotion budget and security deposit ranging from $200,000 to $300,0002.
Campus Ambassador Program – Bybit was accused of targeting students with trial trading contracts. The CEO dismissed these claims, stating that no schools officially allow students to trade contracts.
Frequently Asked Questions (FAQs)
Does Bybit Allow US traders?
The exchange does not allow US Citizens to trade on its platform for regulatory reasons. This rule is enforced by I.P. verification, where traders with a US I.P. address will not be able to trade. It is possible to trade on the exchange without KYC (passport verification) verification.
Does Bybit require KYC?
Currently, Bybit does not require a passport or ID verification to trade on the exchange. There are currently no withdrawal limits. However, not completing the KYC procedures when using a cryptocurrency exchange carries risks. This is because if the exchange is hacked or it collapses, there would be no way of identifying and proving what funds you had there, which would make recovery extremely difficult, if not impossible.
OP_NET is a Bitcoin metaprotocol designed to bring smart contract functionality directly to Bitcoin Layer 1. Unlike other solutions, it aims to achieve this without requiring Bitcoin Improvement Proposals (BIPs) or core protocol changes, and without relying on sidechains or bridges. It uses native BTC for transactions, emphasizing a direct integration with Bitcoin’s existing framework.
Key Features and Technology
• Smart Contracts on Bitcoin L1: OP_NET enables the creation and execution of smart contracts directly on the Bitcoin blockchain.
• Unified Accounts: This innovative feature simplifies interactions with Bitcoin by using tweaked public keys instead of traditional address strings, unifying all account types under a single identifier.
• OP_20 Standard: This is OP_NET’s equivalent to Ethereum’s ERC-20 standard, allowing developers to create and manage fungible tokens directly on Bitcoin. Key features of OP_20 tokens include fungibility, Bitcoin-native integration, low transaction costs (paid in satoshis), and customizability (minting, burning, allowances).
• WebAssembly (WASM): OP_NET utilizes WASM, which allows smart contracts to be written in multiple programming languages.
Ecosystem Components
OP_NET’s ecosystem includes several applications built on its protocol:
• Motoswap: A Decentralized Exchange (DEX) for permissionless trading of assets directly on-chain.
• OP_SCAN: A blockchain explorer providing real-time access to transaction data on the Bitcoin blockchain.
• Stash: A decentralized lending protocol enabling permissionless lending with loans paid out in USDs (an over-collateralized stablecoin).
• OP_FUN: A platform for launching coins on OP_NET that are instantly tradable, utilizing bonding curves to create a market.
• Opbrew: A no-code smart contract deployment tool for OP_NET, built by Bitapes Labs, allowing users to build and deploy OP_20 tokens directly in the browser.
• Bido: A decentralized liquidity staking protocol where users can stake assets and earn rewards in OP_NET tokens.
• MultiBit Bridge: A bridge designed to enable value interoperability with other networks through cross-chain methods.
• Fjord Foundry: A platform connecting innovative projects with engaged backers.
• Ichigai: A decentralized aggregator providing access to multiple DeFi platforms in one place.
Funding Information
Based on initial searches, OP_NET has raised an undisclosed amount of funding. RootData indicates that the project was founded in 2023. Further details on specific funding rounds or investors are still being researched.
Revenue Model Analysis
While specific details on OP_NET’s revenue model are not explicitly stated, we can infer potential revenue streams based on its design and ecosystem:
Transaction Fees: As a metaprotocol enabling smart contracts and DeFi on Bitcoin, OP_NET will likely generate revenue from transaction fees. These fees, paid in satoshis, would be incurred for various on-chain activities such as token swaps on Motoswap, staking operations on MotoChef, and other smart contract interactions.
Developer Tools and Services: Platforms like Opbrew (no-code smart contract deployment) could potentially offer premium features or subscriptions for advanced functionalities, catering to developers and businesses building on OP_NET.
Liquidity Provision and Farming: While not a direct revenue stream for the protocol itself, the ecosystem encourages liquidity provision and farming, which could attract users and indirectly benefit the protocol through increased activity and network effect.
Partnerships and Integrations: Future partnerships with other projects or integrations with existing financial systems could open up new revenue avenues through service fees or shared revenue models.
Value Accrual to Native BTC: Since OP_NET uses native BTC and does not have its own token, its success could lead to increased demand and value accrual for Bitcoin itself, which indirectly benefits early adopters and the broader Bitcoin ecosystem.
Team
OP_NET was founded by Danny Plainview (Founder) and Chad Master (Co-Founder). Chad Master has also been involved in the development of Motoswap, the Bitcoin-based decentralized exchange that is part of the OP_NET ecosystem.
OP_NET Testnet Airdrop Step-by-Step Guide
OP_NET’s airdrop campaign involves completing various on-chain tasks on its testnet, primarily through the Motoswap DEX and MotoChef farming platform. These tasks reset every 48 hours, encouraging continuous engagement. Points are awarded for completing tasks, and users can climb a leaderboard.
Important Note: To interact with the OP_NET testnet and participate in the airdrop campaign, you will need to download and connect the official OP_NET wallet.
Obtaining Testnet Tokens (Faucet)
Before performing any on-chain tasks, you will need testnet tokens. OP_NET provides a faucet for this purpose.
Access the Faucet: Visit the OP_NET Faucet at https://faucet.opnet.org/.
Request Tokens: Follow the instructions on the faucet page to request testnet tBTC and OP_20 tokens. These tokens are essential for performing the swap and staking tasks.
On-Chain Tasks
Once you have obtained testnet tokens, you can proceed with the following tasks:
Stake PILL-MOTO LP: Navigate to MotoChef and find the staking pool for PILL-MOTO LP. You will likely need to acquire PILL and MOTO tokens and provide liquidity on Motoswap first to get the LP tokens.
Stake tBTC: On MotoChef, locate the staking option for tBTC and stake your testnet tBTC.
Stake MOTO: Find the MOTO staking pool on MotoChef and stake your testnet MOTO tokens.
Swap 5 OP_20 tokens: Go to the Motoswap exchange. Perform a swap involving 5 units of any OP_20 token.
Swap 10 OP_20 tokens: Execute another swap involving 10 units of any OP_20 token.
Swap 20 OP_20 tokens: Complete a swap involving 20 units of any OP_20 token.
Stake MOTO: On Motoswap, navigate to the staking section and stake your testnet MOTO tokens.
Verification: After completing the tasks, return to the OP_NET points page (https://opnet.org/points) and click “Verify Completion” to register your activity and earn points. Remember that tasks reset every 48 hours, so you can repeat them to accumulate more points.
This article provides a comprehensive overview of the goNativeCC protocol on the Sui Testnet, including its project details, funding, revenue model, and a step-by-step guide for interacting with the platform for a potential airdrop.
GoNative Project Overview
GoNative, also known as Native’s Bitcoin Yield Hub, is a platform designed to allow users to earn yield on their Bitcoin holdings. A key feature is its ability to do so without requiring users to bridge or wrap their Bitcoin, or rely on centralized custodians. The project is built on the Sui Network, leveraging its high-speed and low-cost transactions.
Technology and Core Concepts
GoNative utilizes a Zero Trust Architecture and 2PC-MPC cryptography to ensure security and decentralization. It introduces nBTC, a non-custodial, trust-minimized representation of Bitcoin, which is 1:1 backed by real BTC held in decentralized dWallets. This approach aims to bring Bitcoin’s liquidity into DeFi while maintaining user control and aligning with Bitcoin’s core principles.
Roadmap
Q2 2025: Focus on nBTC smart contracts and UI for minting, Bitcoin proving and verification system, integration with select DeFi partners, and community activation.
Q3 2025: Planned integration with IKA testnet, enabling withdrawals, bridge transactions, co-marketing efforts, a Testnet Campaign with user activities, and the launch of BTCFi Beelievers NFT.
June-July 2025: Launch of Native Mainnet, expansion of the Bitcoin Yield Hub, integration with more DeFi and social applications, liquidity mining, and comarketing/PR activities.
Q4 2025 – Q1 2026: Introduction of Bitcoin “Single-click” integration, Token Generation Event (TGE), governance module, BTC Orchestration, IBC Integration, and support for Dogecoin & Litecoin, alongside further PR and marketing campaigns.
Revenue Model / Yield Generation
The yield generated on nBTC originates from three primary sources:
DeFi Supply and Demand: Users earn interest or fees by deploying nBTC in lending markets or liquidity pools.
Native Protocol Incentives: These are distributed to encourage early adoption and bootstrap BTCFi use cases.
Partner Rewards: Offered by ecosystem protocols seeking to attract nBTC into their products and drive BTC-based activity on Sui.
Funding and Team Information
Direct funding information specifically for GoNative as a separate entity is not readily available through public searches. However, GoNative leverages technology from Ika, which has successfully raised over $21 million in total funding. This indicates that GoNative benefits from the technological advancements and backing of a well-funded partner in the blockchain space, particularly in the area of 2PC-MPC cryptography.
Information regarding the core team members of goNativeCC is not publicly disclosed in the search results.
Step-by-Step Guide for Interacting with GoNative (Sui Testnet) Airdrop
This guide outlines the steps to interact with the GoNative protocol on the Sui Testnet for a potential airdrop. Please note that this is a testnet environment, and the process may change for the mainnet.
Prerequisites:
Slush Wallet: Ensure you have the Slush Wallet installed and configured for the Sui Testnet.
Testnet SUI Tokens: You will need testnet SUI tokens to perform swaps. You can obtain these from the Sui Faucet (https://faucet.sui.io/) or alternative faucets mentioned on the GoNative application page.
Interaction Steps:
1. Access the goNativeCC BYIELD Application:
Navigate to the BYIELD application: https://byield.gonative.cc/
2. Connect Your Sui Wallet:
On the BYIELD application page, click on the “Connect Sui Wallet” button.
Follow the prompts in your Slush Wallet to connect it to the BYIELD application.
3. Obtain Testnet SUI Tokens (if needed):
If you do not have sufficient testnet SUI, click on the “Request Sui Tokens from faucet” link or check the “alternative faucets” links provided on the BYIELD application page.
Follow the instructions on the faucet page to claim your testnet SUI tokens.
4. Swap SUI to nBTC:
Once your wallet is connected and you have testnet SUI tokens, locate the input fields for swapping SUI to nBTC.
Enter the desired amount of SUI you wish to swap. The application indicates a fixed price of 25,000 SUI / nBTC.
Confirm the transaction in your Slush Wallet when prompted.
5. Complete the Whitelist Application Form
After making your first NBTC swap transaction, complete the application form for the BTCFi Beelievers NFT whitelist.
Pump.fun is a popular Solana-based meme coin generator that launched in January 2024. The platform allows anyone, regardless of technical expertise, to create their own tokens on Solana with just a button click. Since its launch, over 11 million tokens have been minted on the platform, with a cumulative market cap exceeding 4.5billion. The platform has generated more than $700 million in total revenue since its inception.
The Current Controversy: $1B Token Sale
Breaking News (June 2025)
According to multiple reports published today (June 4, 2025), Pump.fun is reportedly preparing to launch its own $1 billion token sale with a massive $4 billion fully diluted valuation (FDV). This news was first broken by Blockworks, citing two sources with knowledge of the matter.
Key Details of the Reported Token Sale:
1. Sale Structure: The token will reportedly be sold to both public and private investors
2.Target Raise: $1 billion
3.Valuation: $4 billion fully diluted valuation
4.Timeline: While the exact launch date wasn’t specified in the Blockworks report, social media discussions on X suggest it could happen within the next two weeks
5.Airdrop Component: Some X accounts are claiming that an airdrop for existing users will accompany the token launch
The Controversy
The controversy surrounding the Pump.fun token sale and airdrop centers on several key issues:
1.Contradictory Statements: In February 2025, Pump.fun co-founder Alon Cohen explicitly denied rumors about a potential token launch, stating: “I would advise not to listen to anything that didn’t directly come from Pump.fun.” This contradiction between past denials and current reports has raised questions about transparency.
2.Valuation Concerns: Many crypto analysts are questioning the $4 billion valuation, with some describing the $1 billion fundraising target as unrealistic, especially in the current market conditions.
3.Platform History: Pump.fun has a controversial history, including:
•Numerous rug pulls associated with tokens launched on the platform
•The platform’s livestreaming feature becoming a hub for degrading on-air stunts.
•A cease and desist case from Burwick Law over 200+ IP-infringing meme coins
4.Market Impact: The announcement has already affected Solana’s price, which initially dipped over 2% as the news broke, though it has since recovered about half of that dip.
5.Community Division: The crypto community is showing mixed reactions:
•Skeptics question the legitimacy and timing of the token sale
•Optimists believe this could reignite Solana’s bullish ecosystem
•Some analysts like Nick O’Neil are cautiously optimistic, noting that Pump.fun has demonstrated its ability to successfully execute projects
Recent Platform Developments
In the lead-up to this reported token sale, Pump.fun has made several significant changes:
•Ditched Raydium for its own AMM (Automated Market Maker)
•Now accounts for a large percentage of volume on the entire Solana ecosystem
•Reintroduced its livestreaming feature with stricter moderation policies that ban content involving violence and other illegal activities
What This Means for the Crypto Ecosystem
If the reported $1 billion raise materializes, Pump.fun would become one of crypto’s newest unicorns and potentially one of the first meme coin infrastructure plays to achieve such a milestone. The token launch could fuel another meme coin trading frenzy on Solana, potentially bringing renewed attention to the blockchain.
Timeline of Events
•January 2024: Pump.fun launches as a meme coin generator on Solana
•Late 2024: Livestreaming feature temporarily deactivated following controversies
Available Solana Sniper Bots: Comprehensive Comparison
This document provides a detailed comparison of the most popular and effective Solana sniper bots available in the market, with special attention to offerings from Chinese developers and teams.
Market Overview
The Solana sniper bot ecosystem has matured significantly in 2024-2025, with several established players dominating the market. According to Dune Analytics data, the top five bots by trading volume are:
BonkBot
Maestro
Banana Gun
Trojan
Sol Trading Bot
These platforms collectively process billions in trading volume annually, with significant growth observed in the memecoin trading segment.
Detailed Bot Comparisons
BonkBot (@bonkbot_io)
Origin & Development Team: Created by the Bonk community, with a development team primarily based in Western countries but with significant contributions from Asian developers.
Key Features:
User-friendly interface designed for beginners
MEV protection with two modes: Turbo (speed-focused) and Secure (protection-focused)
Jupiter integration for optimal routing across DEXs
Adjustable gas fees for transaction success rate optimization
Technical Specifications:
Fee Structure: 1% on all transactions
Security: AES 256 encryption for data protection
Platform: Telegram-based
Daily Trading Volume: Approximately $14 million
Strengths: Simplicity, speed, and strong community support make BonkBot particularly appealing to newcomers. The MEV protection features are well-implemented compared to competitors.
Weaknesses: Lacks some advanced features found in newer bots, such as comprehensive copy trading and multi-chain support.
Maestro (@MaestroBots)
Origin & Development Team: One of the oldest trading bots in the Solana ecosystem, developed by a multinational team with significant contributions from developers in Singapore and Hong Kong.
Key Features:
Comprehensive suite of four specialized bots (sniper, wallet, whale monitoring, trading monitoring)
Advanced Anti-Rug and fraud detection mechanisms
Copy trading functionality
Multi-wallet purchase capabilities
Technical Specifications:
Fee Structure: 1% on all transactions
Security: AES encryption for private keys
Platform: Telegram-based
Daily Trading Volume: Second highest among Solana bots
Strengths: The most comprehensive feature set among all bots, with particularly strong monitoring tools for whale activity.
Weaknesses: Complex interface with steep learning curve; interaction can be cumbersome for new users.
Banana Gun (@BananaGunBot)
Origin & Development Team: Developed by a team with members from both Western countries and East Asia, with significant technical contributions from Chinese developers.
Key Features:
Lower fees for manual purchases (0.5%) compared to automatic sniping (1%)
Multi-chain support (Solana, Base, Ethereum)
Honeypot protection with built-in simulation
Limit orders with stop-loss and trailing stop-limit functionality
Technical Specifications:
Fee Structure: 0.5% for manual buys, 1% for sniper buys
Security: Anti-rug and reorganization protection with 85% claimed success rate
Platform: Telegram-based
Specialization: Particularly optimized for sniping operations
Strengths: Lower fees for manual trading and specialized sniping capabilities make it attractive for cost-conscious traders.
Weaknesses: Some users report occasional reliability issues during high network congestion.
Trojan (@TrojanOnSolana)
Origin & Development Team: Developed by Reethmos, former head of Unibot community operations, with a team that includes several Chinese developers who contributed to the technical architecture.
Key Features:
Cross-chain bridge functionality built directly into the bot
Complex order forms including DCA (dollar cost averaging)
Precision limit orders
Referral system with fee discounts (0.9% via referral)
Technical Specifications:
Fee Structure: 1% standard, 0.9% via referral
Security: Continuous security audits by Trail of Bits
Platform: Telegram-based
Interface Style: Similar to Unibot, familiar to users of that platform
Strengths: The built-in cross-chain bridge is a unique feature not found in most competitors, making it valuable for multi-chain traders.
Weaknesses: Less established community compared to older bots like BonkBot and Maestro.
Sol Trading Bot (@SolTradingBot)
Origin & Development Team: Developed by a team with significant presence in both Western and Asian markets, with technical leadership from developers based in Taiwan and mainland China.
Key Features:
Integration with three major Solana DEXs (Jupiter, Orca, Raydium)
Multi-DEX strategy implementation
State-of-the-art encryption for wallet security
Customizable trading parameters
Technical Specifications:
Fee Structure: 1% on all transactions
Security: Advanced encryption protocols
Platform: Telegram-based
Trading Volume: Fifth highest among Solana bots
Strengths: Strong multi-DEX integration provides flexibility and optimal pricing.
Weaknesses: Fewer advanced features compared to top-tier competitors.
Chinese Developer Innovations
Chinese development teams have made significant contributions to the Solana sniper bot ecosystem, with several unique innovations:
GMGN Sniper Bot
Developed by a Chinese team, GMGN has created dozens of Telegram channels focused on trading. Their sniper bot features:
Advanced mempool monitoring techniques
Customized RPC infrastructure with nodes in multiple Asian data centers
Specialized algorithms for detecting token launches before they appear on public interfaces
Lower latency connections to Solana validators in Asia
Smithii Sniper
While not exclusively developed by Chinese teams, Smithii has significant contributions from Chinese developers and is popular in Asian markets. Key features include:
Premium RPC integration for faster block confirmation
Web and Telegram interfaces
High security rating (10/10 according to independent reviews)
Speed optimization that consistently places trades in the top 5 positions
BullX
BullX has gained popularity in both Western and Chinese markets, with significant technical contributions from Chinese developers. Its standout features include:
Sophisticated gas configuration system
MEV protection mechanisms
Integration with PumpFun and other popular launch platforms
HyperRouter technology (exclusive BDN developed by a team closely working with BullX)
Comparative Analysis
When comparing bots across key metrics, several patterns emerge:
Speed Performance
Speed is perhaps the most critical factor for sniper bot success. In comparative testing:
Smithii Sniper consistently ranks highest for speed (9/10)
BullX, Trojan, and Banana Gun tie for second place (8/10)
Photon and Sol Trading Bot follow closely (7/10)
Platform Availability
Most bots operate primarily through Telegram, but some offer web interfaces:
Telegram Only: Trojan, Sol Trading Bot, Banana Gun
Telegram + Web: Smithii, BullX, Photon
Security Measures
Security ratings based on independent reviews and user feedback:
Smithii: 10/10
Sol Trading Bot: 9/10
BullX, Trojan, Banana Gun: 8/10
Photon: 6/10
Fee Structures
Most bots charge a standard 1% fee on all transactions, with a few exceptions:
Banana Gun: 0.5% for manual buys, 1% for sniper buys
Trojan: 0.9% via referral system
All others: Standard 1% fee
Advanced Features
Feature completeness ratings based on comprehensive analysis:
Smithii and BullX: 9/10
Trojan and Photon: 8/10
Sol Trading Bot and Banana Gun: 7/10
Market Trends and Future Outlook
Several trends are shaping the future of Solana sniper bots:
Increased Chinese Developer Influence: Chinese development teams are gaining market share with innovations in speed optimization and MEV protection.
Multi-Chain Expansion: Leading bots are expanding beyond Solana to other chains like Base and Ethereum.
MEV Protection Focus: As MEV extraction becomes more sophisticated, bots are increasingly differentiating based on their MEV protection capabilities.
Consolidation: The market is likely to consolidate around a few dominant players, with smaller bots being acquired or losing market share.
RPC Infrastructure Investment: Top bot developers are investing heavily in private RPC infrastructure to gain speed advantages.
Conclusion
The Solana sniper bot ecosystem is highly competitive, with continuous innovation driving improvements in speed, security, and features. Chinese developers have made significant contributions to this space, particularly in speed optimization and MEV protection.
For users selecting a sniper bot, the choice depends primarily on their specific needs:
For beginners: BonkBot offers the most user-friendly experience
For advanced traders: Maestro provides the most comprehensive feature set
For speed-focused users: Smithii Sniper consistently ranks highest for execution speed
For cost-conscious traders: Banana Gun offers lower fees for manual purchases
For multi-chain traders: Trojan’s built-in cross-chain bridge provides unique value
As the ecosystem continues to evolve, we expect to see further innovations from both Western and Chinese development teams, with a particular focus on MEV protection, multi-chain support, and specialized trading strategies.
