SatoshiVM Launches $SAVM On Bounce Launchpad – chance airdrop 🪂
Bounce Brand is thrilled to announce the debut of $SAVM, the native token of SatoshiVM, on the Bounce Launchpad as part of our partnership with SatoshiVM. The event, which has two auction pools for participants—a Random Selection pool and an Initial LP Revenue Offering pool—is scheduled to take place from January 18, 00:00 UTC to January 19, 00:00 UTC. Investigate the details of the $SAVM Token Launch and learn about the nuances of SatoshiVM.
The decentralised Bitcoin ZK Rollup Layer 2 solution, SatoshiVM, and Bounce Brand are thrilled to announce their partnership. We’re launching $SAVM, the native token of SatoshiVM, on the Bounce Launchpad together. The First LP Revenue Offering pool and the Random Selection pool are the two auction pools that will be featured during the event, which is set to take place from January 18 to January 19, 00:00 UTC. Let’s explore the details of the $SAVM Token Launch and the nuances of SatoshiVM.
Unveiling SatoshiVM
Using native Bitcoin as gas, SatoshiVM is a decentralised Bitcoin ZK Rollup Layer 2 solution that is compatible with the Ethereum Virtual Machine (EVM) ecosystem. It allows the issuance of assets and the development of applications within the Bitcoin ecosystem by seamlessly integrating the EVM ecosystem with Bitcoin.
Important SatoshiVM Technological Features:
SatoshiVM is a flexible ZK Rollup that uses the Ethereum Virtual Machine (EVM) for off-chain computations. This implies that while developers can build on SatoshiVM in a way akin to the Ethereum platform, users can interact with SatoshiVM in a manner akin to that of Ethereum.
Rollup Technology: To validate multiple transactions on the Bitcoin main network as a single transaction, SatoshiVM uses Rollup technology to combine them into a single batch. This strategy guarantees data availability and validity while upholding the security norms of the Bitcoin main network.
Fraud Proofs with ZK: To compute fraud proofs without changing the Bitcoin network’s consensus rules, SatoshiVM uses technologies like Taproot and Bitcoin Script for on-chain contract verificatio
Overview of the Launch of $SAVM Token:
Get ready for the thrilling Bounce Launchpad debut of SatoshiVM’s $SAVM token, which will feature the simultaneous activation of two dynamic pools.
.1 Random Selection Round: – Time: January 18, 00:00 UTC ~ January 19, 00:00 UTC – Launchpad Page: [SatoshiVM Random Selection](https://app.bounce.finance/launchpad/satoshivm-random) – Total Value: $20,000 / 800 $AUCTION – Total Supply: 420,000 $SAVM – Ticket Price: $100 = 4 $AUCTION per ticket – Winner Amount: 200 tickets – Max Entry Amount: 30,000 tickets – Token Allocation per Ticket: 2,100 $SAVM
– Time: January 18, 00:00 UTC ~ January 19, 00:00 UTC – Launchpad Page: [SatoshiVM ILO](https://app.bounce.finance/launchpad/satoshivm-ilo) – Total Raise: $250,000 / 10,000 $AUCTION – Ticket Price: $250 = 10 $AUCTION per ticket – Winner Amount: 1,000 tickets – Max Entry Amount: 20,000 tickets – Tokens for LP Revenue: $ETH & $SAVM – Time of Revenue Claim: Every Sunday
Winners of this novel ILO model will be chosen at random and will be able to withdraw weekly rewards in ETH and $SAVM after the token launch. This will allow them to keep earning money from $SAVM’s AMM LP trading fees.
Participant Refund Option:
Ensuring a fair and transparent process, participants who are unable to secure a win have the option to request full refunds.
The tokenomics of $SAVM are as follows: **Total Supply:SAVM 21 million $
– 30% Liquidity: Added to the Uniswap liquidity through the use of Range Protocol + 100% Unlocked CEX liquidity for active liquidity management.
– 36.5% Ecosystem Growth: Allotted for different incentives and airdrops, with 5% being unlocked each month.
– Contributors: 15%: six months of lockup followed by a three-year linear vesting period.
– 15% Startup Capital: 10% of which is the amount raised at $2 million FDV in a round. 50% unlocked during the Token Generation Event (TGE), with monthly vestings after a three-month cliff. Moreover, 5% are set aside for advisors in marketing and technology.
0.1% BSSB Farming Pool – 1% APE Terminal IDO – 2% Bounce Launchpad IDO – 0.4% Mubi
Farming Pool
Q1 of Testnet 2024:
The launch of the testnet, the Blockchain Explorer, the release of the SatoshiVM Bridge for Bitcoin, and the release of the https://bridge.satoshivm.io/savm/ Bridge for EVM.
Q1 of SatoshiVM Lite 2024:
– The release of Yellow Paper; – The release of SatoshiVM Lite; – The launch of Blockchain Explorer; – The release of Bitcoin—SatoshiVM Bridge; – The release of EVM—SatoshiVM Bridge
