On March 26th, the BEVM Ecology’s first CDP stablecoin protocol, the Satoshi Protocol, completed its seed round financing. The round was led by Web3Port Foundation and Waterdrip Capital, with participation from institutions such as BEVM Foundation, Cogitent Venture, Statoshi Lab, GP of MH Venture/co-founder of BSCnews, Movebit, and Supremacy.
Since early March, the Satoshi Protocol has been live on the Bitcoin Layer2 solution BEVM testnet. Over 80,000 genesis NFTs have been minted at different addresses on the testnet, and the limited supply of 25,000 OAT tokens has been fully distributed. Within a span of two weeks, over 100,000 addresses participated in the testnet. Currently, the protocol is set to officially launch on the mainnet in the near future.
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