Botanix is a solution for a decentralized chain built on top of bitcoin that uses Lighting’s network for decentralization to run an Ethereum virtual machine . Botanix is an account-based model like Eth instead of Bitcoin’s UTXO(unspent transaction output).Botanix’s state is then a list of smart contracts and account balance .Each node in Botanix will run bitcoin core and Botanix protocol.
Botanix will use synthetic BTC which is pegged 1:1 to Bitcoin. Botanix uses used the proof-of-stake consensus mechanism with slashing .Proof of work mechanism is essential for the bitcoin network as network is not centralized with time and even during Initial stages of token launch.
Since the native currency of Botanix is pegged 1:1 to bitcoin , total block reward for stakers has no fixed fee . Instead it contains multiple items
Positioning for Botanix Labs Airdrop
Botanix Labs is currently underfarmed. They have been able to raise $11M from PolyChainCapital and 15 other investors in pre seed round to build a decentralized EVM equipment Layer2 solution on Bitcoin.
1.) Add Botanix to Metamask:
- Go to Metamask and click add network to add the following details;
- Network Name: Botanix Testnet
- Network URL: https://node.botanixlabs.dev/
- Chain ID : 3636
- Currency Symbol : BTC
2.) Claim Faucet
- Connect Metamask
- Go to https://botanix.5thweb.io
- Complete Captcha
- Add email address
3.) Swap and Provide Liquidity
- Go to https://avocadoswap.io/#/swap and swap between any of the coins
- It’s better you do different pairs for unique onchain activity
- Go to https://avocadoswap.io/#/pool and provide liquidity for different pairs .
4.) Provide Feedback to the team
- Go to https://botanixlabs.xyz/en/testnet#feedback and leave a feedback for the team
Ensure you follow their socials and join the Botanix community as more task would be added .
