Photon Labs is currently in Phase 3 of its testnet program, offering a confirmed airdrop for participants. This phase focuses on testing core functionalities such as wallet integration, token transfers, and cross-chain operations. Users who complete designated tasks can earn points that will contribute to the upcoming airdrop.
The testnet is open to anyone with EVM and Sol wallets, ensuring easy participation. While specific reward details haven’t been disclosed, the project has confirmed that testnet contributors will receive an airdrop. The token is expected to launch in Q1 2025.
Photon Labs is developing a protocol to integrate Bitcoin into the Solana blockchain, enhancing its utility through a rehypothecation system. This allows native Bitcoin to serve as collateral within Solana’s consensus mechanism. Its flagship offering, PBTC (Phantom Bitcoin), is a tokenized version of Bitcoin designed for DeFi applications.
By enabling lending, borrowing, and yield farming, Photon Labs expands Bitcoin’s functionality within Solana’s high-speed, low-cost ecosystem. PBTC’s cross-chain capabilities bring Bitcoin’s liquidity to Solana, making transactions more efficient and accessible.
The project has gained traction, securing partnerships with Neo Blockchain and TunaChain while also attracting venture capital investment.
Estimated Value
N/A
Tokens per Claim
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Max. Participants
Unlimited
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