Velar Introduces BTC Name Grant Program to Enhance Bitcoin Transactions
Velar has launched the BTC Name Grant Program to promote the use of “.btc” identities on Stacks, aiming to enhance on-chain transactions and reduce errors within the Bitcoin ecosystem.
Recent branding changes include a new blue and orange logo to signify Velar's commitment to innovation in DeFi.
Partnerships for BTC Name Grant Program
- Velar collaborates with industry leaders like Stacks, Ryder, and Arkadiko.
- Over 6,000 STX tokens have been secured to fund the program.
- Participants can obtain .btc names via platforms such as BNS ONE and BNS.Market, with reimbursements processed through Velar’s portal.
The initiative aims to unify the Stacks community and strengthen its identity within the broader Bitcoin ecosystem. Key figures have expressed support for this collaborative effort.
Peter Watson, CMO of Velar, highlighted the community's strength through cooperation among various protocols. Philip de Smedt from StackingDAO noted a renewed sense of identity within the community linked to recent initiatives.
Snazzy from BNS One emphasized their excitement about partnering with Velar to onboard new users for .btc name registrations.
Technical Infrastructure and Market Performance
- BNS ONE and BNS.Market manage the technical aspects of the program.
- Velar, launched in March 2023, introduced Dharma as an Automated Market Maker to facilitate decentralized exchanges.
- Currently, Velar offers over 100 trading pairs.
- The native token VELAR increased by 6% in 24 hours, with a market cap of $7 million.
- VELAR trading volume rose by 13%, with a current price of $0.02985.