On March 26th, BEVM Ecological’s first CDP stablecoin protocol, the Satoshi Protocol, completed its seed round of financing. The leading investors in this round were Web3Port Foundation and Waterdrip Capital. Other participating institutions included 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 more than 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 total within two weeks. Currently, the protocol is preparing for its official launch on the mainnet in the near future.
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