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Recently, BTC L2 project invested by Bitcoin Mainland, BEVM, released a long article explaining the reasons and goals for vigorously developing on-chain computing power finance (HashFi).The article points out that the reason why BEVM vigorously develops on-chain computing power finance is because the computing power market is a sustainable business model that has been verified for more than 10 years. Users have real mining income when buying computing power, while miners have real and hugeLending and other financial needs.Vigorously developing on-chain computing power finance can bring real community users and sustainable on-chain business models to the BEVM ecosystem.
The article also pointed out that after several rounds of bull and bear transformations in the Crypto industry, the majority of community users have long been numb to various Crypto narratives, and only by returning to the simplicity and having a real business model can a real community and achieve a long-term and healthy development.Therefore, after receiving investment from Bitmain, the world’s largest Bitcoin mining machine manufacturer, BEVM announced the vigorous development of the Bitcoin second-tier ecosystem featuring on-chain computing power finance, with the goal of moving the computing power market of nearly US$20 billion a year toOn-chain, thus leveraging the on-chain computing power financial market with a scale of over 100 billion US dollars.
In order to implement this development strategy, BEVM will continue to promote the financial ecological project support plan for 10 million US dollars in computing power.At the same time, it was announced that it will use the computing power RWA held by users on the BEVM chain as one of the most important airdrop credentials.In order to ensure the safety and benefits of computing power, BEVM said it has established cooperative relationships with several mining companies. BitFuFu, a listed mining company in the United States headquartered in Singapore, is also one of its computing power suppliers..
The original text is as follows:
After obtaining investment from Bitmain, the world’s largest Bitcoin mining machine manufacturer, we rethink the development strategy of BEVM.Among the many Bitcoin L2s, BEVM has embarked on a unique and effective development path?
In June 2024, BEVM announced the launch of a computing power RWA ecological support plan of tens of millions of US dollars, which plans to support 10-20 computing power RWA entrepreneurial teams.The goal is to migrate the computing power market of US$20 billion per year to the chain, and ultimately leverage the on-chain computing power financial market of nearly US$100 billion.
After 3 months of development, the BEVM computing power RWA ecological support plan has received applications for more than 30 computing power RWA projects, and finally nearly 10 computing power RWA entrepreneurial teams have been deployed on the BEVM chain, including BitTera, Miner Club, LRWA, etc.The ecological project is active.Among them, BitTera launched the first batch of Bitcoin computing power RWA in July, and the product was sold out 36 hours after it was launched. In addition to the excellent operating capabilities of the BitTera team, it also indirectly reflects the market’s recognition of computing power RWA products.
Next, BEVM will continue to vigorously develop the computing power finance ecosystem and regard “on-chain computing power finance – HashFi” as BEVM’s ecological development strategy. In order to fully cooperate with this strategy, BEVM will take the computing power RWA assets held by users asOne of the most important credentials for future BEVM tokens and ecological project tokens airdrops.
Why does BEVM take on on-chain computing power finance (HashFi) as its ecological development strategy?
There are three reasons:
1. The computing power market, or the mining ecosystem, is a Crypto business field that has been verified for more than 10 years, but it has long been separated from on-chain finance.
Users can obtain real mining income when buying computing power; miners need to develop and have real and rigid lending needs.Whether it is electricity bill loans, computing loans or BTC loans, they have developed a market size of more than 10 billion US dollars. However, these needs can only be completed off-chain through inefficient three-party matchmaking for a long time, and have not used the efficient on-chainFinancial tools further improve efficiency and expand scale.
If all kinds of demands in the traditional computing power market can be opened up through on-chain finance, it will be able to leverage the on-chain computing power financial market of nearly 100 billion US dollars. This is one of the reasons why BEVM vigorously develops on-chain computing power finance.
2. There is a lack of long-term effective business models and user retention mechanisms on the chain.
The current Crypto market, whether it is L1 or L2, mostly lacks a sustainable business model and an effective user retention mechanism.Many chains (including many well-known L1 and L2) attract a large number of users to participate through various points expectations and various on-chain activities before issuing coins. After the airdrop is cashed, the number of active people on the chain will immediately become three-digit or even two-digit.The essence of this problem is that the chain does not provide users with real and rigid services, and there is also a lack of long-term and effective business models on the chain.
At this stage, if the computing power market can be moved to the chain, the real and effective business of computing power mining can be brought to the chain, and various asset gain protocols on the chain can bring more benefits to miners.Opportunities; more importantly, various financial tools on the chain can efficiently solve financial needs such as real lending and option leverage for miners.
With real business and real demand, more business models will continue to be derived on the chain, and there will naturally be no shortage of real users on the chain.This is the second reason why BEVM vigorously develops on-chain computing power finance.
3. BEVM has unique resource advantages after receiving investment from Bitmain
As the world’s most influential Bitcoin mining institution, Bitmain not only has the absolute advantage of global No.1 in its Bitcoin mining machine business, but also in the fields of Bitcoin mining pool, Bitcoin computing power market, Bitcoin computing power financial market, etc.They all have long-term layout and resource advantages.
As BEVM, the only investment target of Bitmain in the Bitcoin Layer2 track, can naturally use its unique resource advantages to migrate the computing power market demand from the chain that exceeds US$20 billion per year to the chain, thereby developing a unique chain.Upcoming the computing power financial ecosystem.
Therefore, BEVM should not only strongly support the computing power RWA market, but will also deploy on-chain mining pool business, as well as on-chain computing power lending business, etc.
So, how will BEVM fully support the development of on-chain computing power finance from strategic to tactical?
1. BEVM will continue to promote the 10 million US dollars in computing power finance ecological support plan, with the goal of supporting the 10-20 branched computing power finance entrepreneurial team.
2. BEVM will regard on-chain computing power RWA as one of the most important airdrop certificates. In the future, BEVM airdrop and ecological project airdrops will also be tilted towards users who hold computing power RWA.
The above are the reasons and specific strategies for BEVM to vigorously develop on-chain computing power finance. In the end, BEVM will be built into a Bitcoin second-tier ecosystem featuring on-chain computing power finance with real business models and long-term effective users.
Let us build together and look forward to it together!
