A Blockchain Is Born
As June 1st approaches, SatoshiChain is gearing up for the highly anticipated launch of our mainnet — an EVM compatible blockchain using bitcoin as the base layer token. This guide aims to provide a comprehensive overview of our forthcoming developments, including crucial details about our protocols, the innovative SatoshiX exchange, and the eagerly-awaited Raretoshi Marketplace.
Every blockchain mainnet launch is a unique event, tailored to the network’s specific architecture. SatoshiChain is charting an exceptional path that diverges from the standard protocol rollout. We will be ambitiously deploying many protocols concurrently when the network goes live, and phasing in others over time, initiating an intricate yet exhilarating journey to build an ecosystem entirely on SatoshiChain. Initially, we’ll begin in a sandbox environment — a safe, isolated digital space where we can establish Validators (entities responsible for verifying and adding transactions to the blockchain), initial protocols, and contracts for staking.
While our team will be working hard to roll everything out seamlessly, not everything can be done at once, and we will have to monitor the chain closely to ensure a problem-free rollout. As such, we encourage everyone to be patient during the first few weeks on mainnet. We are all excited, but ensuring the successful deployment of the underlying technology supporting the chain will be critical.
Bridging the Blockchain Divide
To facilitate seamless transactions across various blockchain networks, SatoshiChain will introduce an Ethereum Virtual Machine (EVM) bridge. This feature will enable smooth interactions with Ethereum, BNB Chain, and Polygon — effectively making transactions across these different platforms possible from one place. A bridge to the Bitcoin network will follow subsequently, marking a pivotal milestone in SatoshiChain’s evolution.
The Emergence of SatoshiX and the SX Token
Alongside the mainnet’s launch, we’re introducing the SatoshiX exchange. This platform will initially provide swap services and liquidity pairing — the ability for users to exchange different cryptocurrencies quickly and at competitive rates; but this is just the start. Together with the on-chain SatoshiPad launchpad — a platform to help new projects raise funds, we’ll conduct the Initial DEX Offering (IDO) for SatoshiX, marking the debut of the SatoshiX $SX token.
Introducing the SatoshiChain Token and the SatoshiPad Launchpad
In the weeks following the mainnet launch, we’ll conduct the Initial DEX Offering of our native SatoshiChain token, $SC, on the SatoshiX DEX. This coincides with the deployment of the SatoshiPad launchpad during the initial mainnet period. The launchpad is designed to support up-and-coming projects in their fundraising efforts, bolstering the resilience of our ecosystem, and providing investors with opportunities to support new initiatives.
During this period is also when we expect the $SC token airdrop to be completed. As we have over 700,000 wallets participating in the airdrop, we do ask for your patience as we distribute governance tokens to the recipients.
Unveiling the Raretoshi Marketplace
Shortly after the mainnet launch, we’ll also launch the Raretoshi Marketplace. This dynamic marketplace will allow users to trade a wide range of unique digital assets such as NFTs, fostering a vibrant community of collectors and traders within our ecosystem, and providing opportunities for users to diversify their digital asset portfolios.
Utilizing the Satoshi Bridge and the SAT Token
The Satoshi Bridge will serve as an essential conduit for users to connect their assets with the SatoshiChain network. To do this, users will first purchase wBTC on Ethereum and Polygon or BTCB on BSC, then convert their BTC into the wBTC.s bridge contract on their preferred chain. Subsequently, users can bridge to SatoshiChain, where they’ll receive Satoshi’s SAT tokens (Bitcoin denominated in Satoshis). This process aims to simplify and streamline the movement of assets between the different blockchain platforms.
After a successful testnet run and the ever increasing interest in Bitcoin-related DeFi protocols, we’re extremely excited for the impending SatoshiChain mainnet launch. Armed with a strategic plan and comprehensive preparations, we anticipate steering SatoshiChain towards remarkable achievements.
In addition to the protocols and features mentioned in this article, there will also be many others rolling out as well, such as charting and project tracking, games, NFT collections, third party projects and protocols, and so much more.
As our mainnet ecosystem grows and attracts more projects building on SatoshiChain, we eagerly anticipate realizing the network’s full potential. We invite you to join us on this exhilarating journey, whether you’re a potential user, a developer, or simply someone interested in the future of blockchain technology.
Christopher Kuntz — Co-founder of SatoshiChain