Mintlayer — a layer-2 solution that unlocks decentralized finance (DeFi), smart contracts, atomic swap, nonfungible tokens (NFTs) and apps for Bitcoin — has officially announced its token launch event. The date for the launch is March 21, 2023.
The team has decided to issue disbursements to all tokenholders that have supported the project in the form of ERC-20 tokens. The Mintlayer utility token can be used to purchase various services from RBB Lab.
This will allow holders to receive their tokens as early as possible, and will enable Mintlayer to provide additional support to projects that will start building during the testnet.
The testnet is currently in the finalization stage, and following a few months of operation, the Mintlayer mainnet will be released.
Enrico Rubboli, CEO of RBB Lab, said: “After 18 months of hard work, we are finally announcing the very first step of the Mintlayer launch. Mintlayer is home for projects willing to build on top of Bitcoin, and we are thrilled by the quality and amount of responses regarding potential projects.”
Rubboli has 17 years of experience in software development. His resume includes stints with Bitfinex/Tether, Digital Science/Macmillan Science and Education in London, TUI Group in Italy, and ELC Technology in the United States.
Mintlayer is a sidechain that will allow users to build a decentralized finance ecosystem on top of the Bitcoin blockchain. The layer-2 blockchain solution opens Bitcoin to DeFi, smart contracts, atomic swaps, NFTs and apps. It will provide a platform to create projects with real-world financial use, paving the way for the development of DeFi projects in the Mintlayer ecosystem.