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Bitlayer Tokenomics

Pre-Investment Audit Scope Badge
Top 10 Percentile in at Least One Category Badge

BTR Overview & Token Details

Bitlayer BTR tokenomics powers Bitcoin Layer 2 infrastructure with Bitcoin-equivalent security through BitVM verification. Expands Bitcoin computational capabilities.

Ticker
$BTR
Listing Price
$0.2
Total Supply
1,000,000,000
Niche
  • Blockchain
TGE Date
2025-08-27
Tier 2
Tokenomics
Pre-Investment
Audit
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#543
Percentile
Top 28%
14
6
2
Economic Policies
87.11
Investment & Valuation
66.12
Utility & Value Flow
36.58
Liquidity & Market Making
-
Distribution Fairness
91.84

Tokenomics Structure (Token Supply, Allocation & Vesting Overview)

Allocation Distribution

Pool Name
Percentage
Vesting Information
Ecosystem Incentive40.00%25.0% at TGE , 48 Month Linear Vesting
Team12.00%24 Month Cliff, 48 Month Linear Vesting
Public Airdrop9.00%79.0% at TGE , 1 Month Cliff, 18 Month Linear Vesting
Node Incentive7.75%The unlock schedule begins with 3.875% of the total supply in the first year, followed by annual halving of the unlocked amount.
Advisors7.33%6 Month Cliff, 24 Month Linear Vesting
Seed6.25%6 Month Cliff, 24 Month Linear Vesting
Treasury6.00%75.0% at TGE , 5 Month Linear Vesting
Series A3.67%6 Month Cliff, 24 Month Linear Vesting
Series A+3.00%6 Month Cliff, 24 Month Linear Vesting
Showing 1-9 out of 11

Token Allocation Breakdown (Distribution Fairness)

Category Score
91.84out of 100
Percentile
Top 6%

Allocation Distribution Indicators

Highlights
1
Warnings
1
Alerts
1

Distribution Fairness

Token Allocation Benchmarks (vs Top Projects)

Token Allocation Deviation Analysis

Deviation Status

Public Sale
-5.8%
Medium
Community
+21.3%
High
Foundation
-14.3%
High
Insiders
+1.2%
Low
Investors
-2.3%
Low

Token Allocation Deviation Analysis

This section evaluates how Bitlayer allocates its token supply compared to leading Blockchain projects. It measures deviation across key stakeholder groups and determines whether the allocation aligns with proven benchmarks. The analysis helps assess whether BTR follows a fair and balanced distribution structure or introduces concentration risks.

Overall Deviation Status

Medium

Token Governance & Power (Distribution Fairness)

Category Score
out of 100
Percentile

Governance Indicators

Highlights
3
Warnings
0
Alerts
0

Token Power

Token Governance Concentration Analysis

This section analyzes who holds actual control over the Bitlayer circulating supply year over year, with a focus on early stages where governance risk is highest. It assesses whether the governance power of BTR is centralized or decentralized, and flags any dominance by insiders or investors.

Token Control Status

Launch
Decentralized
Year 1
Decentralized
Year 2
Decentralized
Year 3
Decentralized
Year 4
Decentralized

Insider Dominance Test

Passed

Investor Dominance Test

Passed

Token Inflation Analysis (Economic & Monetary Policies)

Category Score
92.59out of 100
Percentile
Top 5%

Inflation Indicators

Highlights
2
Warnings
2
Alerts
0

Emission Type

Circulation

Token Inflation (Annual Analysis)

This section analyzes whether BTR token inflation is sustainable over time. We assess how balanced the vesting and unlock schedules are, and evaluate how inflationary pressure may affect long-term token value, circulating supply growth, and investor dilution.

Year 1 Inflation

92.1%

Year 2 Inflation

55.3%

Year 3 Inflation

23.7%

Year 4 Inflation

11.3%

Inflation YoY

Token Unlocks & Emissions (Economic & Monetary Policies)

Category Score
81.82out of 100
Percentile
Top 20%

Supply Shock Indicators

Highlights
1
Warnings
0
Alerts
0

Emission Type

Circulation

Monthly Supply Shocks

Token Unlock & Dilution Events

This section tracks every BTR token unlock and dilution event across the full vesting timeline. We quantify the size and timing of each release, classify dilution risk levels (low, medium, high), and highlight the largest unlock event by date and percentage of total supply. Charts help understand emission pressure and anticipate potential supply shocks.

Supply Shocks Counter

0 Low Risk
0 Mid Risk
0 High Risk

Highest Supply Shock

7.5%
at Month 7

Detailed Information

Investor Dilution Risk (Economic & Monetary Policies)

Category Score
86.72out of 100
Percentile
Top 14%

Risk of Dilution Indicators

Highlights
1
Warnings
0
Alerts
1

Token Emission, Float and Circulating Supply Analysis

This section evaluates the circulating supply and emission schedule of BTR, focusing on its initial float at TGE, its dilution profile over time, and how these levels compare with top-performing projects.

Initial Float

19.11%

Best Performer Float

12.34%

Team Float Control

52.3%
Low Control
Mid Control
High Control
At launch, the team controls 52.3% of the circulating supply, reducing the real initial float to 9.11%.

Circulating Token Supply (YoY)

Vesting Release Schedule

Investor Terms & Round Conditions (Investment & Valuation)

Category Score
66.12out of 100
Percentile
Top 71%

Terms and Conditions Indicators

Highlights
1
Warnings
0
Alerts
0

Investor Round Details

Token Sale Terms and Vesting Details

This section reviews all investor fundraising rounds for Bitlayer and the token purchase terms attached to BTR. It compares entry price, unlock structure, vesting length and if terms align with market standards.

Vesting Details

Hover to see the details.
Seed
Series A
Series A+
Public Sale

Target Hardcap

$29.0M
14.9%
85.1%
Bitlayer is selling 14.9% of its total token supply to investors in order to raise $29.0M in funding.

Token Valuation & FDV Analysis (Investment & Valuation)

Category Score
93.72out of 100
Percentile
Top 29%

Valuation Indicators

Highlights
2
Warnings
1
Alerts
0

Valuation Comparison

This section compares the tokens valuation and performance to other projects within the same niche. It includes ROI benchmarks from the past year, the last 15 launches, and the top 5 competitors.

Niche ROI (Past Year Blockchain)

+42.04%

Niche ROI (Last 15 Blockchain)

+80.45%

Project FDV Status

Undervalued
Under
Fairly Valued
Over
Bitlayer is listing at 76.8% lower FDV compared to benchmark listing and current valuation averages.

Valuation Comparison

Valuation (FDV vs VDV)

We compare investor valuations using both Fully Diluted Valuation (FDV) and Vested Diluted Valuation (VDV) models to assess pricing from two key perspectives. The round that ranks highest across both valuation models is considered the best-valued round.

Preferred Round

Seed
Best
Out of 4
1
Ranked 1st by FDV
2
Ranked 2nd by VDV

Rounds Ranked by FDV

1
Seed
$80.0M FDV
2
Public Sale
$200.0M FDV
3
Series A+
$300.0M FDV
3
Series A
$300.0M FDV

Rounds Ranked by VDV

1
Public Sale
$38.2M VDV
2
Seed
$53.0M VDV
3
Series A+
$198.9M VDV
3
Series A
$198.9M VDV

Investor FDV vs VDV

VDV Valuation Model

Investor Break-Even & ROI Analysis (Investment & Valuation)

Category Score
25.67out of 100
Percentile
Top 86%

Break Even Indicators

Highlights
2
Warnings
1
Alerts
0

Break-Even Analysis

This section evaluates how fast investors recover their initial capital across Bitlayer's private rounds. We track cumulative ROI from token unlocks, identify which rounds break even first or last, and pinpoint the month when ROI becomes positive to assess payback speed and round attractiveness.

Fastest Rounds to Break Even

1
Public Sale
at TGE
2
Seed
in 16 months
3
Series A
in 48 months
3
Series A+
in 48 months

Who Breaks Even First?

Public Sale
at TGE

Who Breaks Even Last?

Series A
in 48 months

Break-Even Analysis Chart

Investment Recovery at TGE

Price Performance to Break Even at TGE

Investor Round Ranking & Conclusions (Investment & Valuation)

Category Score
out of 100
Percentile

Conclusions Indicators

Highlights
1
Warnings
1
Alerts
0

Investor Round Ranking

This section ranks all investment rounds based on key investor metrics, including break-even speed, recovery at TGE, Fully Diluted Valuation (FDV), and Vested Diluted Valuation (VDV). Each round is scored and ordered from most to least favorable, showing which round offers the strongest conditions for investors in Bitlayer.

Most Favorable Round

Public Sale
Best
Out of 4
1
Ranked 1st by TGE Recovery
1
Ranked 1st by Vesting Speed
1
Ranked 1st by VDV
2
Ranked 2nd by FDV

Least Favorable Round

Series A
Worst
Out of 4
2
Ranked 2nd by TGE Recovery
3
Ranked 3rd by Vesting Speed
3
Ranked 3rd by FDV
3
Ranked 3rd by VDV

Investor Round Ranking

Token Utility & Use Cases (Utility & Value Flow)

Category Score
51.34out of 100
Percentile

Token Utility Indicators

Highlights
1
Warnings
1
Alerts
2

Token Utility Overview

This section analyzes whether the BTR token has a clear economic role within the ecosystem, and more importantly, why users would hold it over time instead of treating it as a purely speculative asset. We evaluate what utility the token provides, which functions it enables, and how it solves real problems across the network.

Utility Score

51.34
Healthy

Value Flow

Weak
Utility Type
Status
Description
Governance
BTR holders vote on protocol upgrades, fee parameters, and treasury allocation decisions
Staking (DPoS)
Validators stake BTR in PoS consensus, earning ~3% APR in BTR rewards plus BTC transaction fees
Gas Fee
Network fees are paid in BTC, not BTR.
Medium of Exchange
BTR is not used for internal protocol fees or payments (fees are denominated in Bitcoin)
Medium of Payment
Services, bridges, and YBTC minting all require BTC payment, not BTR
Showing 1-5 out of 6

Value Accrual, Buybacks & Token Revenue (Utility & Value Flow)

Category Score
29.195out of 100
Percentile

Value Capture Indicators

Highlights
1
Warnings
1
Alerts
2
Value Accrual
Status
Description
Fee Redistribution
When Fee Switch is activated by governance, a portion of transaction fees are directed as rewards to BTR stakers
Revenue Share
The protocol revenue can be shared with BTR stakeholders when enabled by governance.
Buyback and LP
There is no specific liquidity provision (LP) reward mechanism.
ve-Token Models
There is currently no vote-escrow or dual-token model
Burn
BTR’s tokenomics do not include any burning mechanism.
Showing 1-5 out of 5

Token Buybacks, Burns & Value Accrual

This section is one of the most important layers: it analyzes whether Bitlayer (BTR) captures and retains on-chain value and how effectively that value flows back to the token. We examine fee redistribution, staking rewards, buyback mechanisms, burn models, and whether the protocol creates real token sinks that reduce sell pressure over time.

Value Accrual

Poor

Value Capture

Weak
Governance
Vote on protocol upgrades & treasury
Validator Staking
BTR staked for consensus
BTC Transaction Fees
All fees paid in Bitcoin, not BTR
Value Capture
$360M TVL, $30K daily fees
Validators
Receive BTC fees + BTR rewards from tokenomics
Protocol Treasury
6% allocation (BTC revenues)
Fee Switch (INACTIVE)
Awaiting governance activation
Revenue Share
BTC fees to BTR stakers
Buyback Program
BTC → BTR purchases
Token Emissions
7.75% node incentives

BTR Tokenomics FAQ – Key Questions About Bitlayer

What is the utility of the BTR token?

Bitlayer has 2 primary token utilities:

  • Governance: BTR holders vote on protocol upgrades, fee parameters, and treasury allocation decisions
  • Staking (DPoS): Validators stake BTR in PoS consensus, earning ~3% APR in BTR rewards plus BTC transaction fees

What is the token allocation for BTR?

Bitlayer token distribution allocates 1,000,000,000 BTR across 5 primary stakeholder groups:

  • Community: 56.75% (Ecosystem Incentive 40.00%, Public Airdrop 9.00%, Node Incentive 7.75%)
  • Insiders: 19.33% (Team 12.00%, Advisors 7.33%)
  • Investors: 12.92% (Seed 6.25%, Series A 3.67%, Series A+ 3.00%)
  • Foundation: 9.00% (Treasury 6.00%, Liquidity 3.00%)
  • Public Sale: 2.00% (Public Sale 2.00%)

What is the vesting schedule for BTR?

BTR uses variable cliffs and vesting schedules that change depending on the allocation:

  • Ecosystem Incentive: 25.0% at TGE , 48 Month Linear Vesting
  • Team: 24 Month Cliff, 48 Month Linear Vesting
  • Public Airdrop: 79.0% at TGE , 1 Month Cliff, 18 Month Linear Vesting
  • Node Incentive: The unlock schedule begins with 3.875% of the total supply in the first year, followed by annual halving of the unlocked amount.
  • Advisors: 6 Month Cliff, 24 Month Linear Vesting
  • Seed: 6 Month Cliff, 24 Month Linear Vesting
  • Treasury: 75.0% at TGE , 5 Month Linear Vesting
  • Series A: 6 Month Cliff, 24 Month Linear Vesting
  • Series A+: 6 Month Cliff, 24 Month Linear Vesting
  • Liquidity: 100.0% at TGE
  • Public Sale: 100.0% at TGE

How many BTR tokens unlock at TGE?

26.6% of the total supply (266,100,000 BTR) is unlocked at TGE, with the tokens split between Community, Foundation, and Public Sale.

What is the total supply and circulating supply of BTR?

Bitlayer has a total supply of 1,000,000,000 BTR, of which 305,637,501 BTR (30.6% of total) is currently circulating.

What is the token emission schedule for BTR?

Total length of the full Bitlayer emission schedule is 7 years, with 43.81% released in Year 1, while the remaining 56.19% is released over the following 6 years.

What are the investor terms for BTR private and seed rounds?

Bitlayer has 4 investor rounds, with the following investment price and vesting:

  • Seed: priced at $0.08, with 6 Month Cliff, 24 Month Linear Vesting
  • Public Sale: priced at $0.20, with 100.00% at TGE, 100.0% at TGE
  • Series A+: priced at $0.30, with 6 Month Cliff, 24 Month Linear Vesting
  • Series A: priced at $0.30, with 6 Month Cliff, 24 Month Linear Vesting

What percentage of BTR is allocated to the community?

56.8% of the Bitlayer supply is allocated to community focused pools such as Ecosystem Incentive, Public Airdrop, and Node Incentive.

What is Bitlayer (BTR)?

Bitlayer BTR tokenomics enables Bitcoin Layer 2 scaling solution built on BitVM technology, achieving Bitcoin-equivalent security through advanced verification protocols. The token economics support expanded Bitcoin computational capabilities, aligning with the vision that Bitcoin can compute everything. BTR token utility includes governance participation, network validation rewards, and fee distribution mechanisms. The protocol introduces BitRC-20 asset framework, fostering diverse asset classes and secure development within Bitcoin ecosystem. Bitlayer economics incentivize long-term staking and network participation through inflationary rewards and transaction fee sharing.

This tokenomics data is maintained by Tokenomics.com and updated automatically from our analytics engine.

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