Nubit galxe is a Layer 2 Bitcoin project that has raised 12 million USD from TOP funds such as Polychain, dao5, … The project has confirmed that it will airdrop for users to participate in the early experience. So how to hunt Airdrop from Nubit? Let’s find out with 5Money in this article!
1. What is Nubit galxe galxe?
Nubit galxe is a Layer 2 project that helps build the Data Availability (DA) layer, with the goal of helping the Bitcoin network improve data storage capacity, increase transaction speed and save costs for users.
The project has raised 12 million USD from famous funds such as Polychain, Dao5,… and cooperated with many potential projects in the Bitcoin ecosystem such as MerlinChain, BitLayer or hot staking projects such as Babylon and BounceBit.
A special feature is that the project has confirmed its Incentive and Airdrop programs for those participating in early-stage development support. This program has just started, so readers can join the project and experience it soon!
2. Project team
Nubit galxe was co-founded by three Chinese people, Yu Feng, Hans Liu and Hongbo Wen. Information about key members:
Yu Feng (Co-Founder & CEO): He used to hold a professor position at UCSB University, owns many prestigious academic awards in the field of software technology from Google Scholar, Ethereum Academic and many other awards. He is currently the co-founder of Nubit and a security company called Veridise.
Yu Feng (Co-Founder & CEO)
Hans Liu (Co-founder & CEO): He is the co-founder ofNubit galxe and is currently a doctoral student at the University of California, Santa Barbara (UCSB). He has experience in the security field working on Ethereum Foundation PSE projects, helping to discover many vulnerabilities in Zero-Knowledge Proof (ZKP) technology.
Hans Liu (Co-founder & CEO)
Hongbo Wen (Co-Founder & CTO): He currently holds the position of technical director at Nubit. Like Hans Liu, he is also a doctoral student at UCSB. Experienced in discovering common vulnerabilities in smart contracts and ZKP technology.
Hongbo Wen (Co-Founder & CTO)
3. Investors and Partners
Nubit galxe has raised a total of 12 million USD in 3 funding rounds so far, with the participation of 18 investment funds:
Round 1 (Angel – January 4, 2024): The project raised about 1 million USD from individual investors, including Mac (founder of Bounce Brand) and Domo (creator of the BRC-20 standard ).
Round 2 (Pre-Seed – March 26, 2024): Nubit galxe raised 3 million USD from some famous investment funds such as OKX Ventures, NGC Ventures, …
Round 3 (Seed – June 5, 2024): Nubit received 8 million USD in a funding round led by Polychain Capital, with the participation of OKX Ventures, dao5, Animoca Brands, …
Information about Nubit’s investors
Nubit galxe has currently partnered with several notable projects in the Bitcoin ecosystem such as Merlin Chain (MERL), BounceBit (BB), Babylon, Bitlayer, Unisat, etc. The project has also expanded support for toolkits Layer 2 development includes Polygon CDK, OP Stack, Arbitrum Orbit & Scroll.
4. What are Nubit’s products?
The project aims to develop a secure and highly scalable Data Availability (DA) layer for the multi-chain ecosystem, supporting a variety of applications including AI, Machine Learning (ML), SocialFi and NFT Game..
That helps Nubit inherit the security of the Bitcoin network, while still ensuring increased transaction speed and cost savings for users. Nubit products currently serve 3 main areas including:
Ordinal: Nubit galxe helps reduce Inscription costs on the Ordinal network
Price Oracle and DeFi: Nubit provides accurate, real-time price data to serve Bitcoin-based DeFi platforms.
Bitcoin Layer 2:Nubit galxe supports storing Rollup data, reducing transaction processing time on the Bitcoin Layer 2 network
Areas supported by Nubit
In April 2024, Nubit galxe launched Testnet Pre-Alpha, attracting more than 150,000 users, deploying about 5,000 modular services and processing 560,000 transactions.
Notable parameters of the Pre-Alpha Testnet version
By June 2024, Nubit galxe launched the Alpha Testnet and allowed users to experience the project through completing tasks to accumulate points. Detailed information will be available in section 7 (Airdrop hunting instructions).
Users complete tasks to accumulate points on Nubit testnet
5. Roadmap
Nubit galxe is still a very new project so the development roadmap has not been specifically announced, the project only revealed that it will gradually shift from a centralized model to a decentralized model in the coming period.
In addition, the project is also conducting the Alpha Testnet program including 3 phases:
Phase 1: Community Assemble
Phase 2: Light Node Quest
Phase 3: Testnet Adventure
This program is still implementing the first phase called “Community Assemble” and has confirmed the Incentive program, so now is your opportunity to participate in early experience of the project.
6. Information about Tokenomics
Updating…
7. Airdrop hunting instructions
Here are 3 steps for you to start plowing with Nubit galxe:
Step 1: You need to prepare 1 Galxe account, 1 Keplr wallet and 1 Metamask wallet
Please join k
