Step by Step Guide on B² Network Airdrop: Join Phase II, Assemble Rigs to Mine and Win Big!

These Mining Rigs are essential tools for mining B² native tokens. Let's take a look at this B² Network airdrop guide.

Prasanna Peshkar

Prasanna Peshkar

February 7, 2024 3:28 PM

Step by Step Guide on B² Network Airdrop: Join Phase II, Assemble Rigs to Mine and Win Big!

B² Network has announced phase II of the Buzz Campaign, offering users the opportunity to participate by depositing major cryptocurrency assets such as Bitcoin, Ethereum, BNB Chain, and Polygon. In return, users will receive Parts, which can then be used to assemble Mining Rigs. These Mining Rigs are essential tools for mining B² native tokens. Let’s take a look at this B² Network airdrop guide.

What is B² Network?

B² Network is a Bitcoin Rollup platform, leveraging zero-knowledge proof verification. This innovative Layer-2 solution significantly boosts transaction speeds and expands application diversity, all while maintaining the highest levels of security. B² introduces a DA Layer seamlessly integrated with state transition verification and proof systems, effectively reducing costs and time typically associated with on-chain proof mechanisms.

What is Mining Rig?

A “Mining Rig” is a virtual mining machine utilized specifically for mining B² native tokens as rewards. This campaign is designed to mirror the process of Bitcoin mining. Just like the bustling activity of mining machines in the Bitcoin network, miners are the backbone of the industry, silently driving innovation and progress. The B² team honours these unsung heroes and pioneers who embody the values of transparency and openness, contributing to the largest network of value in the crypto industry.

New to crypto? Get started by opening an account on BitgetClick here!

What are the Mining Rewards?

According to the official post, the B² team is prioritizing the “Community First” philosophy and aims for the Total Value Locked (TVL) to grow steadily for long-term sustainability. 

  • As part of this commitment, 5% of the total supply of B² native tokens will be mined and rewarded to participants of the Buzz campaign, with the goal of successfully bootstrapping the mainnet.
  • This campaign mirrors the process of Bitcoin mining, with rewards production halving every month. The production schedule entails 2.5% in the first month, 1.25% in the second month, 0.625% in the third month, and so forth.
  • Additionally, 10% of the total supply of B² native tokens is earmarked for mainnet bootstrapping and to incentivize early community participation. In the Buzz campaign, users will collectively receive 5% of the total supply as mining rewards, while the remaining 5% will be allocated to ecosystem projects, airdrops, or other incentive programs.

B² Network Airdrop: What are the Key Dates and Assets eligible for deposit support?

  • Users have the opportunity to deposit assets from early February until three days prior to the mainnet launch date. During this period, the production of Parts will continue until three days before the mainnet launch.
  • Assets bridged to the B² Network can be withdrawn back to Layer 1 networks in April 2024.
  • Mining rewards for B² native tokens will be distributed following the Token Generation Event. Users will have the option to withdraw the full amount of rewards they have earned through mining.

The supported assets on the B² Network include:

  • BTC: BTC on the Bitcoin network, wBTC on Ethereum, BTCB on BNB Chain
  • BRC20 Assets: ORDI, SATS
  • ETH: ETH on Ethereum
  • Stable Coins: USDC and USDT on Ethereum; FDUSD on BNB Chain
  • Matic: MATIC on Polygon

What are the Supported Wallets?

  • Bitcoin: Unisat and OKX Wallet
  • Ethereum, BNB Chain, and Polygon: Metamask and OKX Wallet

What are the Mining Steps?

  • Deposit Assets: Collaborate with invitees to deposit assets and generate Parts.
  • Assemble Mining Rigs: Utilize the earned Parts to assemble mining rigs.
  • Mine B² Token: Engage in mining B² native tokens using the assembled mining rigs during the 3rd phase. The more rigs assembled, the higher the token rewards.

What are the methods to Boost Parts?

  • Invite Friends: Invite friends to deposit assets, increasing Parts generation through a two-tier invitation mechanism.
  • Become BTC OGs: Participate early and hold Blockheadz for added benefits.

What are the Referral Rules?

  1. Invite Friends: Earn additional rewards when friends deposit assets, with a two-tier invitation mechanism in place.
  2. Team Mining: Create a team with invitees, with their deposits contributing to the team’s assets, including Treasure Chests and Milestone Rewards.

Step-by-Step Guide ”B² Network – Buzz Campaign’

  • Follow B² Network on Twitter, connect your wallet, and complete the sign-up process.
  • Next, deposit various tokens, including BTC, wBTC, USDT, USDC, ETH, BTCB, ORDI, SATS, and MATIC.
  • Withdraw Bridged Assets: Bridged assets can be withdrawn back to Layer 1 networks until April 2024.
  • Start earning yield and points, represented as parts, based on the value of bridged assets and staking duration.
  • Earn additional parts for each successful referral you make.
  • Assemble Mining Rigs: Accumulate parts to assemble mining rigs, which will play a crucial role in phase 3 of the Buzz campaign.
  • Mine B² Tokens: During phase 3 of the Buzz campaign, participants will have the opportunity to mine B² tokens, similar to the process of mining Bitcoins. The number of tokens mined correlates with the number of mining rigs owned.
  • Token Airdrop: B² Network has confirmed an airdrop of 5% of the total supply of B² native tokens to Buzz airdrop participants.

Where to Buy Crypto in 2024?

Cryptocurrencies can be purchased on various exchanges, with Bitget being a notable option. Bitget offers a user-friendly platform with robust security measures, making it an excellent choice for buying and trading Crypto. Additionally, Bitget fees are one of the lowest in the market, so you won’t have to worry about high fees if you trade regularly.

Want more airdrops? Check this comprehensive guide.

Prasanna Peshkar
Article By

Prasanna Peshkar

Prasanna Peshkar is a seasoned writer and analyst specializing in cryptocurrency and blockchain technology. With a focus on delivering insightful commentary and analysis, Prasanna serves as a writer and analyst at CryptoTicker, assisting readers in navigating the complexities of the cryptocurrency market.

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