On March 26th, the BEVM ecosystem’s first CDP stablecoin protocol, Satoshi Protocol, completed its seed round financing. This round of financing was jointly 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 been online with the Bitcoin Layer2 solution BEVM testnet. The genesis NFT has already been minted at over 80,000 addresses. During the testnet period, a limited supply of 25,000 OAT tokens has been fully distributed, with over 100,000 addresses participating in total within two weeks. Currently, the protocol is scheduled to go live on the mainnet in the near future.
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