Discover the Shocking Truth Behind Velar’s New BTC Name Grant Program! 😲

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In a most curious turn of events, the esteemed Bitcoin decentralized finance (DeFi) liquidity protocol, known as Velar, has most recently revealed its BTC Name Grant Program. This initiative, dear reader, seeks to unify the digital identities upon the Bitcoin layer-2 network, Stacks, whilst simultaneously simplifying the rather tedious on-chain transactions. One might say, it is a noble endeavor indeed! 🎩

As per a rather enlightening press release shared with the ever-watchful CryptoPotato, this latest undertaking promises to enhance the usage of the .BTC digital identity standard within the Bitcoin ecosystem. It is anticipated that this will significantly diminish the manual errors that so often plague transactions—an outcome that would surely delight even the most fastidious of accountants! 🧾

Velar’s Grand Launch of the .BTC Grant Program

Set to commence on the 30th of January, the BTC Name Grant Program embodies a collective commitment among the most distinguished Stacks projects to advance the infrastructure of this burgeoning ecosystem. It aims to render it more accessible to both new and seasoned investors alike. To this end, Velar has allied itself with a veritable host of projects, all dedicated to the noble cause of bolstering Bitcoin adoption. How very generous of them! 🤝

Amongst these partners, one finds the crypto wallet provider Ryder, the Bitcoin decentralized exchange Bitflow, the Bitcoin-based stablecoin provider Hermetica, and the illustrious Bitcoin DeFi protocols ALEX and Arkadiko. Not to be overlooked, StackingDAO, the entity responsible for the infrastructure of Stacking Stacks’ native asset, STX, has also joined this merry band. Together, they have contributed a staggering sum of over 6,000 STX to incentivize users to embrace the BTC digital identity standard. One can only imagine the jubilation this will inspire! 🎉

“ALEX is proud to stand with fellow Stacks protocols and projects in support of the ‘Return to .BTC initiative. From reigniting the spirit of Megapont Apes to rallying around .BTC, it’s clear that united our ecosystem is unstoppable. Collaboration fuels innovation, and together, we’re building an extraordinary future powered by Bitcoin. All roads on Bitcoin lead to Stacks,” proclaimed Hadan, the Head of Growth at ALEX Lab Foundation, with all the fervor of a true believer.

The Unification of Identities on Stacks

Bitcoin enthusiasts may procure their .BTC names through the approved Bitcoin Name Service platforms, BNS ONE and BNS.Market. Velar, in its infinite wisdom, shall conduct STX reimbursements to those fortunate souls who claim their .BTC names via this portal. How delightfully convenient! 💰

“We’re thrilled to be partnered with Velar as part of the Velar Grants initiative, to help onboard thousands of new users for registration of their .btc names. BNS is often one of the first interactions new users have when entering the Stacks ecosystem, and the work that Velar is doing to accelerate the adoption of Stacks is truly remarkable,” remarked Snazzy, an executive at BNS ONE, with a sparkle of enthusiasm in his eye.

In a rather amusing twist, the BTC Name Grant Program builds upon the success of Velar’s Return to Ape campaign, which encouraged users to acquire the rather whimsical Megapont non-fungible tokens (NFTs). This name program, being the first of its kind, aims to entice users back into the warm embrace of the Bitcoin ecosystem. One can only hope they find it as inviting as a cozy fireside on a winter’s eve! 🔥

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2025-01-30 19:27