@ By Andrew Sorratak -December 10, 2024
Project Overview
Botanix Labs, a notable blockchain startup, is recognized for its fresh approach to decentralized finance (DeFi). Its main project, Spiderchain, is a Layer 2 protocol on Bitcoin, designed to boost scalability and security.
Spiderchain adds a Proof-of-Stake (PoS) layer to Bitcoin’s Proof-of-Work (PoW) system. This allows decentralized applications (dApps) to run on Bitcoin without changing its core. The Spiderchain EVM (Ethereum Virtual Machine) uses Bitcoin for transaction gas and settlement, ensuring a smooth experience for developers and users.
Benefits
- Improved Scalability: Spiderchain tackles Bitcoin’s scalability challenges by leveraging its robustness.
- Security: Decentralized multisig wallets and advanced security measures protect user funds.
- Decentralization: Spiderchain maintains Bitcoin’s decentralization, ensuring fairness for all.
- Native Yield: Users gain native yield from dApps on Spiderchain EVM, opening new revenue streams.
- Verifiable Randomness: Bitcoin block hashes ensure the integrity of the PoS layer.
Botanix Labs Ambassador Program
The Botanix Ambassador Program builds a community of crypto enthusiasts to spread awareness and educate others about Botanix Labs. The program has five tiers, each with specific roles and rewards:
Tiers and Tasks
- Sprout: New members active on Discord and social media.
- Seedling: Members sharing and promoting Botanix Labs.
- Blossom: Advocates creating content, helping newcomers, and engaging on social media.
- Sequoia: Visionaries fostering community through innovation, education, and networking.
- Hyperion: Leaders managing the Ambassador Program and guiding other ambassadors.
- Botanist: Pioneers hosting events and collaborating with the Botanix Team.
Participation Value
Ambassadors connect with internal teams, engage with global crypto enthusiasts, and enjoy exclusive perks. They also participate in events, hackathons, and networking opportunities. If you get interested, please visit Galxe and start to accomplish task.
Wrap-Up
Botanix Labs’ Spiderchain project enhances the Bitcoin ecosystem with a scalable, secure, and decentralized DeFi solution. The Ambassador Program lets users contribute to Botanix’s growth, gain experience, and earn rewards.
