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 Capital, 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 live on 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 was fully distributed, with over 100,000 addresses participating in the span of two weeks. The protocol is currently preparing for its official launch on the mainnet in the near future.
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