SatoshiVM Testnet, Expected Airdrop Details on Token Sale. Hi guys! In today's article, we're going to talk about Satoshi VM. This article will discuss this project and how you can participate in their running test net. We'll also talk about the token launch on the AP terminal and how to participate without any risk, so before starting the article, If you are here for the first time, subscribe to this channel if you like the article. Click the like button if you have any doubts.
SatoshiVM Testnet
Clarification left them in the comment below; this article is like it is finally like, so definitely click the like button immediately. So, let's begin the article, guys. So, first, let's talk about Satoshi VM. Satoshi is a decentralized Bitcoin ZK rule-up Layer Two, so it's a Layer Two solution on EVM ecosystem and bringing the flavor of Bitcoin into it. How does that work? In simple terms, you can bridge your Bitcoin from your Bitcoin chain to this Satoshi VM EVM chain, so basically, you are Bridging the.
Tokens from your unit wallet to your meta mask Satoshi VM chain, and once you bridge that, you can use those Bitcoins as gas fees on the Satoshi VM chain. So that is the whole concept: they are bridging both, combining both Bitcoin Tech and EVM Tech and bringing them together. So now, that is the background of the project. Right now, their test net is live, so I'll show you how to participate in the test net because maybe there are chances of getting airdrop because they have a decent amount of allocation.
Ecosystem funds are usually used for the drop and stuff, so let's hope for that. Let's start with the test net. To do so, the first thing you need to have is a Unisat wallet. If you don't have one installed, this is a Bitcoin wallet. So here, click on this gear icon and settings icon, and then go to network, change it to test net, then again go to settings, click on address type, and select native segment. So now we have one address. Just copy the address and go to this Bitcoin test.
Just paste your address and click on send testnet Bitcoin. So now we have successfully claimed our testnet Bitcoin onto our test net valet. Thiss may not come immediately. This may take one or two hours, and sometimes it may not. Come, you have to try again, so keep trying until you receive these tokens onto unit valet so now once you got the tokens, you have to go to the uh Bridge functionality, so primary functionality which is available on uh Satoshi VM is their Bridge functionality and based on the bridge there are correct.
Now, 75,000 odd addresses are active on the Satoshi VM chain. So now, once you go to this page, there are two bridges: bridging your Bitcoin from the Bitcoin testet to the Satoshi VM and bridging e-ERC20 tokens from the Ethereum testet to the Satoshi VM testnet. So first, we'll try with EVM, so connect the wallet here. Select the metamask and connect it. Along with the metal mask, you need to connect your unit wallet. Also, for a Bitcoin transaction, connect it and complete it. So now that we have connected it successfully, the first thing is in the.
At the bottom, you'll get to see this team's feet. Just click on that, and then it will ask you to switch the network to Ethereum-tested seia. So switch it and then click on confirm, and you will immediately be receiving 21 team tokens on your Ethereum test net. So now we have to bring these tokens from the Ethereum test net to the Satoshi VM test net so you can see the balance here. 021 in the bottom, enter a small amount, maybe a 0–21 deposit, and now approve the transaction on Ethereum Test Net and confirm it.
SatoshiVM ($SAVM) token airdrop guide
Transaction Once that is done, within a few hours, you will receive these tokens on Satoshi VM Test Net. It took around 12 to 13 hours to receive the tokens on Satoshi VM Test Net, so you need to wait for that. So now, after 12 hours, you can come to this withdraw tab and see if you see this balance here, which means your tokens have successfully arrived on Satoshi VM Test Net. So now you can do the reverse process. Just enter 01 or 021 and click on withdraw. You'll get a popup to add your Satoshi VM chain to your email.
That and click on the switch. Network, so right now, I still need to bridge TBT tokens. That's why the transaction could be more successful. As I mentioned in the earlier part of the article, the Bitcoin that you bridge from Bitcoin to this chain will be used as Ethereum gas pH, not this other token. So right now, it is not there to bridge. You have to go to BTC Bridge. Once you get the test tokens onto your unit wallet, just come to this place, enter a small amount of Bitcoin, bridge it to the site, and complete the transaction.
Bridge transaction, so now that's all about the testnet tokens and testnet activity; now we'll talk about the tokens. The token sale is coming on the AP terminal so that you can participate. I'll show you how to participate. Before that, we'll talk about the tokenomics. As for this total token supply, it is around 21 million tokens, and the project valuation is $1 million as per total, but as for my calculation, it is 10 million, and then they are raising a total fund of $100,000 on this particular platform, so now there are.
SatoshiVM Airdrop » Claim free SAVM token
Multiple rounds, but one thing that I observed is an ecosystem, so they have kept 47% of the allocation to the ecosystem, and in that 50% will be on TG, which means maybe the project might do a drop to Satoshi VM participants, so that could be a possibility we may not know, so do try that. So now, there are other rounds also, so this is the background. Now, let's talk about the IDO and allocation. So IDE, the total funding is around $100,000, the total tokens available are 210,000 VM tokens, and there are only 100 winning tickets, which means only 100 users.
You willYou will be able to participate in this and win those tokens, and the redemption amount is $1,000 per ticket, so if you win this lottery, you will be able to purchase tokens worth $1,000, which is a huge opportunity. It can do very well, so even if you're lucky and get into this allocation, your $1,000 might turn into $10,000 or even $115,000, how to participate in this is very simple so just go to this terminal website. I'll keep the link in the description below.
Participate now. You should connect the wallet with at least $50 worth of tokens in the Ethereum chain, so that is the only criterion. Other than that, you need to make deposits once you are selected, so just come here, click on Provide a signature, approve the meta mask transaction, and then click Participate now. Once that is done, you will see a congratulatory message saying you have successfully joined the IDO but still need to get it, so your winning chances can be seen on the right side based on your total portfolio value.
You'll get a score on the bottom, so you can see I got a 20, not a score for my valet. Based on this score, my winning chances in this Ido is around 4%, so you can see 27,000 participants have participated in this. So, based on luck and your valet balance, you'll be getting an allocation. If you're lucky and you win it, you need to deposit 1,000 USD into the platform, and then you'll be able to claim the exact worth of tokens on the platform, so that's all, guys.