On March 26th, BEVM’s first CDP stablecoin protocol, the Satoshi Protocol, successfully completed its seed round of financing. The round 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, the Satoshi Protocol has been launched on the Bitcoin Layer2 solution BEVM testnet. Over 80,000 genesis NFTs have been minted across more than 25,000 addresses during the limited release of 25,000 OATs. In total, over 100,000 addresses have participated in the testnet within a span of two weeks. The protocol is expected to officially launch on the mainnet in the near future.

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