Binance Alpha Airdrop Launches Bitlayer (BTR)

Binance has announced the launch of the Alpha airdrop event, introducing the Bitlayer (BTR) token. Bitlayer is the first project to implement BitVM, unlocking the full potential of Bitcoin DeFi by combining exceptional security with a high-speed smart contract engine. The airdrop will take place on 2025-08-27 at 08:00 (UTC+8). The token will begin trading on 2025-08-27 at 18:00 (UTC+8), with trading pairs such as BTRUSDT and BTRUSDT perpetual contracts supported. After the airdrop ends, BTR will be available for spot trading, perpetual contracts, and other services, with an expected launch time of 2025-08-27 at 18:00 (UTC+8). **Important Notes:** - The maximum leverage for BTRUSDT perpetual contracts is 50x, with a funding rate cap of +2.00%/-2.00%. Funding fees are settled every 4 hours. - The airdrop event requires the redemption of Binance Alpha Points, and the redemption period is from 2025-08-27 10:00 to 2025-08-28 10:00 (UTC). - Binance may adjust contract parameters, including funding rates, leverage, and margin requirements, based on market risks.