TLDR: Actual DeFi on Bitcoin begins now. Torram’s problem dares devs to convey native stablecoins, DEXs, and RWA platforms to Bitcoin L1 using a brand new programmable Bitcoin native asset commonplace. Neglect L2s, be a part of the Incentivized Testnet Now.
Torram is placing out the decision to builders: launch actual DeFi purposes on Bitcoin L1 and win as much as 1 million Torram tokens every. The workforce behind Bitcoin’s first full middleware stack has kicked off the 1M Token Developer Problem – a multi-phase competitors rewarding builders constructing Bitcoin-native dApps. With Torram Testnet V2.0 now stay, the community unlocks programmability and a brand new token commonplace natively on Bitcoin – no bridges, no L2s, and no wraps.
With Bitcoin hitting all-time highs above $110K and mainstream momentum constructing, there’s by no means been a greater time to construct. Builders can now deploy on Bitcoin with block occasions as quick as 60 seconds with out bridges or L2s.
“Torram community cures Bitcoin’s limitations and amplifies its energy. Our BUIDL thesis has been – do what’s doable on Bitcoin, and depart the remainder to Torram. Now, you may witness that with Torram community V2.0,” Lee Raj, Co-Founder & CTO stated.
Torram Momentum
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30+ validators stay on testnet together with BitGo, Allnodes, Stakely, Validation Cloud, Republic
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20+ dApps dedicated together with Ordinal Hive, bitSmiley, and Sundial
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Backed by Draper Associates, Blockchain Founders Fund, Facet Door Ventures, Deep Ventures, Increase VC, Trive Digital, Silvermine, MH Ventures, and Bitcoin Ai Startup Lab
The 1M Token Developer Problem: Construct Quick, Win Huge
*Section 1: 30-Day Testnet Dash (July 1–30)
Be early, be rewarded. The primary 10 dApps deployed to Torram earn 200,000 tokens every.
*Section 2: 90-Day Testnet Marathon (Aug 1–Oct 31)
Construct massive, scale quick. Rank within the high 3 for utilization and earn 1 million tokens every.
Eligible classes embrace: stablecoins, RWAs, DEXs, collateral lending & borrowing, buying and selling and institutional-grade Bitcoin apps.
View the total Token Problem guidelines and rewards right here.
Constructed for Builders
Torram Community 2.0 is the results of over a 12 months of R&D to ship what Bitcoin has been lacking: expressive programmability, real-time on chain worth knowledge, and ERC20 behaviour to Bitcoin native belongings.
At the moment’s Bitcoin-native stack is fragmented and modular. However Bitcoin itself is monolithic by design, and Torram believes its surrounding infrastructure must be too. This reduces complexity and eliminates widespread failure factors seen in modular stacks.
That is Bitcoin’s Ethereum second. With Torram, builders can lastly unlock the performance of Ethereum and different chains with out leaving Bitcoin’s belief layer.
“Torram provides builders not simply instruments, however a basis: good contracts, oracles, and a programmable token commonplace. We’re creating the layer devs must launch scalable DeFi purposes,” Vakeesan Mahalingam, CFA, Co-Founder & CEO stated.
Begin Constructing on Bitcoin At the moment
Developer Assets
About Torram
Torram has pioneered the primary full end-to-end full stack infrastructure & middleware resolution for institutional use instances & purposes natively on the Bitcoin community making Bitcoin extra helpful than only a retailer of worth, and fixing fragmented infrastructure for dApps and builders.
*Disclaimer on Token Rewards
All token rewards talked about as a part of the Torram testnet and ecosystem challenges are topic to eligibility, compliance with program phrases, technical assessment, and remaining approval by Torram Labs.
Rewards could also be adjusted, delayed, or withheld at Torram Labs’ sole discretion, together with (however not restricted to) instances of:
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failure to satisfy deployment necessities (e.g. testnet and/or mainnet deployment);
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failure to finish co-marketing obligations (e.g. case examine participation);
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violation of relevant legal guidelines, rules, or moral tips;
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any type of fraud, manipulation, or abuse of this system.
Torram Labs reserves the precise to switch, droop, or cancel the token reward packages or phrases at any time with out prior discover. Tokens awarded by means of these packages don’t symbolize any type of fairness, safety, or authorized proper in Torram Labs or its associates.
Participation in this system constitutes acceptance of those phrases.
Disclaimer: The knowledge supplied on this press launch just isn’t a solicitation for funding, neither is it meant as funding recommendation, monetary recommendation, or buying and selling recommendation. It’s strongly advisable you follow due diligence, together with session with knowledgeable monetary advisor, earlier than investing in or buying and selling cryptocurrency and securities.
