AiLayer
Initially, BTC was designed as a decentralized and secure payment system. However, as its popularity grew and the industry matured, the first cryptocurrency faced significant scaling limitations and challenges in developing new blockchain use cases. The concept of second-layer networks for BTC emerged as a further development of the Bitcoin ecosystem.
What are L2 solutions on Bitcoin?
Second-layer solutions for BTC are protocols built on top of the main blockchain, designed to expand its capabilities and improve network performance. L2 solutions process transactions off-chain, reducing the load on the base (first) layer, ensuring scalability, and providing the potential to support decentralized applications. Thus, second-layer solutions are crucial for the development of the BTC ecosystem. They address key challenges and create new opportunities for the mass adoption of cryptocurrencies.
L2 solutions for Bitcoin are rapidly evolving, making it the perfect time to invest in this popular and in-demand sector, one of the trends of 2024. A testament to this is the Allocation in April 2024 to BEVM (an L2 blockchain on Bitcoin). We continue to invest in L2 projects related to the BTC ecosystem.
AiLayer — the first L2 on Bitcoin aimed at supporting the mass adoption of applications utilizing Artificial Intelligence (AI).
AiLayer consists of modular AI technology at its core and utilizes a decentralized cross-chain asset bridge with an EVM-compatible Bitcoin protocol.
Key features and technologies of AiLayer
AiLayer uses Bitcoin light nodes and Taproot consensus contracts to enable decentralized interaction between Bitcoin and AiLayer.
Bitcoin Light Node Network — simplified version of nodes in the Bitcoin network that requires fewer resources to operate. Unlike full nodes, light nodes do not store a complete copy of the blockchain but use only the necessary information to verify transactions. This makes them more accessible for devices with limited computing power and helps expand the network by increasing its decentralization and efficiency.
Taproot Consensus — technological enhancement in the Bitcoin blockchain. It includes more efficient use of space and improved privacy. Taproot simplifies the creation and use of smart contracts and multi-signatures on the Bitcoin blockchain, making them more secure and less noticeable on the blockchain.
Staking tokens is necessary to become a node validator and synchronize cross-chain transactions, Schnorr signatures, and the Tendermint algorithm.
Schnorr signatures — cryptographic signature method used to verify the sender and integrity of messages on the blockchain. They allow for simpler and smaller signatures compared to traditional signatures used in Bitcoin. A unique feature of Schnorr signatures is the ability to aggregate multiple signatures into one. AiLayer aggregates up to 1000 signatures into one to achieve scalability and decentralization.
Tendermint algorithm ensures fast and secure block synchronization in decentralized networks. It allows the network to remain functional and secure even if some nodes behave maliciously. Tendermint provides high performance and low latency, making it popular for creating blockchain applications.
The L2 platform includes specialized subnets that cater to various AI models, ensuring adequate computational power and providing a variety of AI services within the network.
Subnets are different segments of the AiLayer network designed to meet the specific needs of various AI models. This ensures that specific AI requirements are met within a particular subnet, offering a broad range of services. Each subnet operates independently in terms of validator and miner interactions and assessments.
A complex set of smart contracts manages the ecosystem by controlling validator registration, miner activity, subnet operations, and reward distribution, ensuring a decentralized and continuous flow of data.
Validators maintain network integrity by assessing the quality of services provided by miners. Their interactions ensure high-quality AI model training and reliable network performance.
AiLayer blockchain tokens are an integral part of the ecosystem, serving as the primary means for transactions, staking, and rewards.
AiLayer ecosystem
A wide range of decentralized applications are being launched on the AiLayer blockchain, including AI browsers, AI agents, DeFi applications and trading platforms, payment applications, games, 3D modeling programs, all utilizing AI.
AiLayer is in a high state of readiness: the mainnet was launched on March 31, 2024. The total value locked (TVL) exceeds $650 million.
The project has entered into a strategic partnership with Kyrgyzstan, making it the third web3 project globally to have a strategic partnership with a sovereign state after Binance and Tether. Kyrgyzstan plans to use AiLayer at the state level — in its institutions and government agencies.
Team
Supported by some of the largest institutional holders of BTC.
- Paul Xu — сo-founder, CEO, and chief commercial officer.
A graduate of Cornell University, he was formerly the Head of Marketing at TrustFi Network. Most of his career has been focused on AI development.
https://www.linkedin.com/in/paul-xu-696b55215 - Joesph Cheung — сo-founder, chief security officer.
Previously co-founder of Trueway Capital and Strategic Director at Friend3. A business partner of Paul Xu, he also worked at TrustFi Network.
https://www.linkedin.com/in/m-joesph-cheung-223691103
Investors
A strong lineup of venture funds led by the BitMart exchange.
- BitMart — global cryptocurrency exchange founded in 2017, offering trading for a wide range of digital assets. The platform supports numerous cryptocurrencies and provides services for spot and futures trading. BitMart actively supports various startups in the DeFi, NFT, and Web3 sectors by investing in new projects.
- Waterdrip Capital —well-known Chinese venture fund founded in 2017, specializing in the crypto industry, has invested in over 150 blockchain projects, and actively supports the development of the Bitcoin ecosystem. An influential fund with significant media connections in Southeast Asia, it will help the project enter this regional market and gain attention from popular media outlets in China. The most notable projects in their portfolio include: BEVM, Polkadot, Cosmos, Filecoin, TheGraph, Casper, Raydium, SatoshiProtocol.
Token utility
$ANVM — native token, used for staking and as the primary currency in the AiLayer ecosystem. It plays a crucial role in the economic model, incentivizing miners, validators, and node holders. It also stimulates the AI model training process by serving as a reward.
- Governance: $ANVM token holders can participate in project decision-making by voting on future updates and proposals.
- Cross-chain incentives: users receive $ANVM rewards when transferring assets within AiLayer across subnets.
- AI service miner rewards: by becoming AI service miners, users can earn $ANVM tokens for training AI models and providing related services.
Tokenomics
- Token ticker: $ANVM (ERC-20)
- Network: AiLayer (L2 BTC)
- Total supply: 21 billion
- Our round: Seed
- Round evaliation: $50 million
- Token price: $0,00238
- Conditions: 8% unlock on TGE, 3-month cliff, then linear unlock over 18 months.
Negotiations are underway with launchpads Chain GPT and Seedify.
Listing is planned on exchanges ByBit and OKX.
The market maker for the project will be one of the early investors, market maker fund Amber, as well as DWF Labs.
Social networks & links:
🌐 Website: https://ailayer.xyz/
🐦 Twitter/X: https://twitter.com/AILayerXYZ
💻 Discord: https://discord.gg/WxM8r4U6
💻 Telegram: https://t.me/AILayer_xyz
A popular project with active social networks: 65k on Telegram 65k on Twitter/X.
AiLayer — EVM-compatible and operates on an AI L2 blockchain for Bitcoin. It stands out for its high level of security and the numerous applications being developed concurrently on AiLayer. It is a unique project with no analogs, specializing in blockchain and AI. With a strong lineup of investors, a large team, and high project readiness, a listing is imminent. We highly recommend adding this in-demand and progressive project to your crypto portfolio.