On March 26th, BEVM Ecology’s first CDP stablecoin protocol, Satoshi Protocol, completed its seed round financing. This round of financing was led by Web3Port Foundation and Waterdrip Venture, with participation from BEVM Foundation, Cogitent Venture, Statoshi Lab, GP of MH Venture/co-founder of BSCnews, Movebit, Supremacy, and other institutions.
Since early March, Satoshi Protocol has launched the Bitcoin Layer2 solution BEVM testnet. The genesis NFT has already been minted at over 80,000 addresses. During the testnet period, a limited quantity of 25,000 OAT was distributed to all participants, with over 100,000 addresses involved in the two-week period. Currently, the protocol is scheduled to officially launch on the mainnet in the near future.
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