News Report Technology
July 22, 2024

Bitlayer Launches Its Racer Center, Enabling Users To Claim Gems And Explore Bitlayer Points

In Brief

Bitlayer launched Racer Center, enabling users to connect their wallets and check the number of Bitlayer gems they have received.

Bitlayer Launches Its Racer Center, Enabling Users To Claim Gems And Explore Bitlayer Points

Bitcoin Layer 2 network Bitlayer (BTR) announced the launch of the Racer Center on its official website. Users can visit the Racer Center and connect their wallets to check the number of Bitlayer gems they have received, collect real-time accumulated Bitlayer points for on-chain interactions, and claim honor badges from past Bitlayer events. 

Currently, the Bitlayer User Center features three task modules, encompassing new racer tasks, advanced tasks, and daily tasks. There are plans to introduce additional tasks and events in the future. The platform allows users to upgrade their racing equipment, earn points, and access benefits within the Bitlayer ecosystem.

New racers will progressively get acquainted with the introductory operations of the Bitlayer ecosystem. This includes familiarizing themselves with the Racer Center, following the official Bitlayer X account, and completing a flash bridge-in. These steps will enable them to accumulate Bitlayer points and establish a foundation for future tasks.

Racers who have a solid understanding of the Bitlayer ecosystem will have access to advanced tasks presented as milestones. Achieving specific milestones, such as asset bridge-ins or reaching a certain number of transactions, will result in substantial Bitlayer point rewards.

Meanwhile, by completing daily tasks, users can earn Bitlayer points through activities such as exploring the ecosystem, engaging on social media, participating in on-chain activities, and other interactions.

Bitlayer To Distribute Racing Equipment To User Center Participants 

Furthermore, users who log in to the User Center will receive exclusive racing equipment. They can earn points and upgrade their racing cars by completing tasks. In the future, Bitlayer plans to distribute BTR tokens based on the users’ points and the levels of their racing cars.

Bitlayer operates as a Layer 2 protocol built on BitVM, offering security comparable to Bitcoin while ensuring Turing completeness. It facilitates trustless entry and exit of assets from Layer 1, manages state transitions through a Turing-complete Layer 2 virtual machine, and verifies the accuracy of Layer 2 state transitions using Layer 1. According to the project’s website, Bitlayer’s total value locked (TVL) is currently $400 million.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
News Report Technology
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
November 21, 2024
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
News Report Technology
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
November 21, 2024
The Rise of the UAE as a Strategic Hub for Web3 Gaming Innovation and International Collaboration
Opinion Lifestyle Markets Technology
The Rise of the UAE as a Strategic Hub for Web3 Gaming Innovation and International Collaboration
November 21, 2024
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
News Report Technology
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
November 21, 2024