Skip to content
All posts

Pell: The next rising star of BTCFi — AMA Recap

By  Satoshi App  ·  3 minute read

On November 21, Satoshi App hosted an AMA session with Pell Network. The session was hosted by Cassie, CEO of Satoshi App; Makoto, Co-founder of Pell Network; Adam, Core Contributor; and Kevin, Founder and General Partner at Sats Ventures. Here’s a recap of the insightful discussion that unfolded.

Key Takeaways from the AMA

  • Bitcoin's All-Time High: Causes and Sustainability

The conversation began with a discussion on the recent surge in Bitcoin’s value, reaching an all-time high. The panelists discussed the various factors driving Bitcoin's growth, such as increased institutional adoption, technological advancements, and macroeconomic factors influencing investor sentiment. The consensus hinted at a positive outlook, though the volatility of the crypto markets was acknowledged.

  • The Role and Impact of BTCFi (Bitcoin Finance)

BTCFi was spotlighted as a burgeoning field within the crypto space. The panelists elaborated on its importance in leveraging Bitcoin’s security and liquidity to fuel innovative financial products. Kevin and Makoto emphasized how BTCFi enhances the utility of Bitcoin beyond just a store of value, expanding its use cases in decentralized finance (DeFi).

  • Exploring Pell Network’s Unique Proposition

Discussion shifted to Pell Network’s role within BTCFi. Pell distinguishes itself by being a pioneering BTC restaking network, Pell Network aims to become the largest platform for shared liquidity and cryptoeconomic security, supporting BTCFi and all blockchain ecosystems. Pell Network fills gaps in BTC ecosystem security, lowers the cost of building decentralized applications, and provides BTC holders with passive income.

  • Core Blockchain and Its Synergy with Pell

Adam shed light on the Core blockchain’s blueprint for integrating BTCFi solutions and its collaborative efforts with Pell Network. This synergy aims to foster a robust ecosystem where Bitcoin’s liquidity can be fully utilized to fulfill its potential.

  • Pell Tokenomics and Utility

Makoto discussed the intrinsic value and utility of the Pell token, which is central to the network’s reward system. He outlined the token generation event (TGE) plans and compared Pell’s potential market impact with similar projects, highlighting the token’s role in governance, staking, and securing network services.

  • Engaging with Pell Network

For newcomers to crypto, particularly those without Bitcoin, the panelists discussed ways to engage with the Pell Network and the potential income opportunities through Pell tokens. They stressed the importance of participating in Pell Airdrop Points on Satoshi App and leverage Pell’s offerings fully. You can participate in 50,000,000 Pell Airdrop Points here.

Join 50,000,000 Pell Airdrop Points on Satoshi App

Here's what you need to know, from whitelisting to claiming your Pell Airdrop Points.

Airdrop Details:
  • Whitelisting Start Time: October 15, 2024, at 6 AM (UTC)
  • Whitelisting End Time: November 30, 2024, at 6 AM (UTC)
  • Airdrop Start Time: December 2, 2024, at 6 AM (UTC)
  • Airdrop Form: Pell Airdrop Points
  • Total Airdrop Amount: 50,000,000 Pell Airdrop Points
  • Distribution Date: 2 weeks after listing
  • Vesting Period:
    • Immediate Release: 20% will be unlocked on the Distribution Date
    • Weekly Release: The remaining 80% will be released linearly over 3 months on a weekly basis
Step-by-Step Guide to Getting Whitelisted

To participate in the Pell airdrop, getting whitelisted is essential. Here’s how you can secure your spot:

  1. Set up a crypto wallet — Metamask is recommended for the best compatibility. New to Metamask? Click here for a guide
  2. Complete the quests
  3. Download and register on Satoshi App
  4. Open Satoshi App, and enter the wallet address you used for the quests
  5. Sit tight and wait for the airdrop to start

Important: Submitting your wallet address in Satoshi App does not whitelist you. You must complete all the quests to be eligible. For detailed quest information, visit https://pell.satoshiapp.xyz/

To ensure a smooth experience, make sure your app is updated to the latest version. Download here: https://satoshiapp.xyz/en/download-app

About Pell

As a pioneering BTC restaking network, Pell Network aims to become the largest platform for shared liquidity and cryptoeconomic security (universal trust network), supporting BTCFi and all blockchain ecosystems. Pell Network fills gaps in ecosystem security, lowers the cost of building decentralized applications, and provides BTC holders with passive income.

About Core

Core serves as the Proof of Stake layer for Bitcoin as the first enabler of self-custodial Bitcoin Staking, which secures a fully EVM-compatible BTCFi ecosystem. Since April 2024, over 7,200 BTC valued at more than $530 million have been staked with Core, enhancing Bitcoin’s utility and security. Core is the most Bitcoin-aligned EVM blockchain with ~76% of Bitcoin mining hash power contributing to the network’s security. This breakthrough has amassed millions of Core adopters — over 27M unique addresses, 308M+ transactions, and over $634M TVL since its mainnet launch in January 2023.

About Sats Venture

Sats Ventures is an early-stage venture capital fund that invests in companies that are building on Bitcoin in the web3 space.

About Satoshi App

Satoshi App is the world's leading airdrop platform, empowering over 16 million global users to earn free tokens daily. We endeavor to make your Web3 experience safer, more seamless, and convenient. Acting as a bridge, we connect advanced, high-quality blockchain projects with a vast audience, offering users an easy way to discover and receive tokens.