Creating a new narrative for the Bitcoin dedicated chain: Bitway Pre-TGE event is now open, how can users participate?

Starting from 16:00 on December 22, 2025, Binance Wallet officially launched the Pre-TGE (Token Generation Event) activity for its internally incubated Layer-1 project Bitway (BTW). The threshold for this event is 216 points, with a participation cost of 15 points, marking a crucial phase before the public issuance of this project founded by former members of YZi Labs. Bitway is positioned as an “Internet Asset Gateway” and focuses on a dedicated blockchain for the Bitcoin ecosystem, with a total supply of its native token BTW being 100 billion coins. This Booster plan will allocate 3 billion coins (accounting for 3% of the total) for early incentives. This event is taking place against the backdrop of fierce competition in the Bitcoin Layer-2 ecosystem, aiming to warm up for the upcoming mainnet launch and token trading, but investors should be aware of the associated risks due to the token's lock-up period.

Detailed Explanation of Pre-TGE Activities: Rules, Thresholds, and Potential Risks

The Bitway Pre-TGE event will take place through the Alpha Activity Page of Binance Wallet, with clear participation windows and eligibility requirements. The event will start at 16:00 Beijing time on December 22 and will last until 18:00, creating a limited two-hour flash participation window. For interested users, the core threshold is that they need to have at least 216 points in advance, and each participation in the event will fixedly consume 15 points. This design ties the eligibility to the user's historical activity level within the Binance ecosystem or the completion of specific tasks, aiming to reward early and deeply engaged users.

However, what potential investors should repeatedly study more than the participation threshold is the important risk warning attached to the activity page. The announcement clearly states that the rewards tokens obtained through the Pre-TGE activity will have a lock-up period specified by the project party. During the lock-up period, the tokens will be non-tradable, non-transferable, or non-usable. More critically, the unlock time “may not be announced in advance”, which brings great uncertainty to investors' liquidity expectations. This mechanism aims to prevent large-scale over-the-counter sell-offs of tokens before they officially go live for trading, maintaining early price stability, but it also means that participants need to be prepared for their funds to be locked for a long period of time. Therefore, participating in this activity is less about “trading” and more of an “early investment commitment” based on faith in the project's long-term prospects.

From a strategic perspective, Binance Wallet's choice to launch Bitway's Pre-TGE event at this time is quite precise. The current market's attention on Bitcoin Layer-2 and sidechain solutions continues to rise, and Bitway positions itself as “Layer-1 tailored for Bitcoin business.” Through the Booster program and points consumption model, the project team can not only filter out users who truly care about the project, but also build an initial holder community of a certain scale before the token officially goes public, laying the foundation for future ecological development.

Bitway Pre-TGE Core Rules Overview

Event Time: December 22, 2025 16:00 - 18:00 (UTC+8)

Participation Threshold: The account must hold at least 216 points.

Participation Cost: Each participation consumes 15 points

Token Status: Reward tokens have a lock-up period, during which they cannot be circulated.

Risk Warning: The unlocking time may not be announced in advance, so be prepared for long-term holding.

In-Depth Analysis of the Project: What is Bitway? Why is it so widely followed?

Bitway is not a brand new concept that has emerged out of nowhere; its predecessor is Side Protocol, a project dedicated to blockchain scalability. The core team comes from the early Binance Labs and Chainspace, which was later acquired by Facebook (now Meta). In August 2025, the project was officially renamed Bitway, completing its rebranding and strategic financing, thus clarifying its positioning as an “Internet Asset Gateway” and a dedicated infrastructure for Bitcoin.

So, what exactly is Bitway? In short, it is a dedicated Layer-1 Blockchain designed to serve Bitcoin-related businesses. Unlike many general-purpose smart contract platforms, Bitway has focused on addressing specific needs of the Bitcoin ecosystem from the very beginning, such as more efficient cross-chain asset transfers, providing interest-bearing scenarios for Bitcoin assets, and building decentralized financial applications. Its core product includes the on-chain wealth management platform Bitway Earn built on the BNB Chain, which allows users to access institutional-level yield opportunities in a transparent and decentralized manner. This narrative of a “dedicated chain” makes it stand out among many projects chasing trends.

The primary reason that this project attracts attention is its "strong background from the 'Binance family'. Bitway is incubated and supported by the flagship incubation program EASY Residency under YZi Labs, and the founding team consists of early members from Binance Labs. This deep connection with a top trading platform not only suggests that the project may receive more support in terms of technology, resources, and compliance, but also significantly increases the probability of its token being listed and traded on mainstream CEXs in the future. In the current environment, a strong incubation background and clear listing expectations are key to attracting early interest in the project.

Moreover, the track that Bitway is entering—Bitcoin Layer-2 and infrastructure—is one of the hottest areas in the cryptocurrency market by the end of 2025. With the maturation of Bitcoin spot ETFs and deeper institutional adoption, there is a huge demand in the market for how to make dormant Bitcoin assets “come alive” on-chain. Various Bitcoin Layer-2 solutions are emerging, while Bitway attempts to participate in the competition with a standalone, function-specific Layer-1 chain. This narrative itself possesses enough height and imaginative space to attract investors seeking the next potential track.

Token Economics and Roadmap: Analyzing the Value Capture Logic of BTW

Bitway's native token BTW has a total supply of 100 billion coins, and its economic model is designed to clearly reflect the project's intention to guide liquidity and incentivize the early community. The most striking part is that up to 3 billion BTW (accounting for 3% of the total) is specifically allocated for rewards in the Binance Wallet Booster Program. Users can earn points by participating in various tasks within the Binance Wallet and ultimately redeem them for future BTW tokens. This large-scale, low-threshold early distribution strategy aims to rapidly build a broad and active initial holder community, accumulating the necessary user base and attention for the network launch.

In terms of token usage, the design of BTW follows the classic functional token framework. First, as a native asset of a Layer-1 blockchain, BTW will be used to pay for all transaction fees (Gas) on the chain, which is its most fundamental and indispensable utility. Secondly, BTW is expected to be used for network staking to maintain the security and consensus of the network. In the Bitcoin ecosystem, designing an economic model that ensures security without excessively consuming Bitcoin itself is a significant challenge. Bitway chooses to use its own token for staking, which is a relatively independent path. In the future, the token may also be used for governance, payment of platform service fees, and various other scenarios, and its value capture ability will be directly linked to the depth of Bitway network adoption and the prosperity of its ecosystem.

Examining Bitway's roadmap for 2025, one can clearly see an accelerated path from “brand revitalization” to “ecosystem launch”. The renaming and financing in August mark a strategic turning point, while the Booster program and Pre-TGE activities in December in deep collaboration with Binance Wallet represent a key strike to push into the market. According to the plan, the project's focus in 2026 will be on the expansion of Mainnet functionalities, particularly deepening the integration of Bitcoin cross-chain business, as well as advancing its own Layer-2 expansion plan. The achievement of these technological milestones will be the core support for the value of the BTW Token to transition from “expectation” to “substance”. For investors, it is essential to continuously track the progress of its technical development, the security audit status of the cross-chain bridge, and the quality of the first applications launched within the ecosystem.

Market Impact and Participation Suggestions: Cool Thoughts in a Frenzy

The Pre-TGE event of Bitway undoubtedly injected a dose of excitement into the somewhat dull cryptocurrency market at the end of the year, especially attracting those “farmers” who are deeply engaged in the Binance ecosystem and skilled at participating in early projects. Its emergence further confirms that the Bitcoin ecological infrastructure has become a key track for capital and exchanges to focus on. Following GameFi projects like Audiera, Binance once again supports a foundational infrastructure project through the wallet entry, demonstrating its thoughts on deepening the layout of the industrial chain.

However, beneath the hype, rational participants must at least weigh the following aspects. First is the feasibility challenge of the “dedicated chain” narrative. Creating a successful Layer-1 Blockchain is extremely difficult, requiring overcoming multiple hurdles such as technical development, security, developer attraction, and ecosystem construction. While Bitway has a clear positioning, it still faces competition from mature general-purpose Layer-2 solutions like Arbitrum and Optimism, as well as many other Bitcoin Layer-2 schemes, and whether it can break through is still uncertain. Its success will heavily depend on the team's technical execution and ecosystem operation capabilities.

Secondly, the lock-up mechanism of this Pre-TGE event brings significant liquidity risks. Investors exchange points for an asset certificate that can only be unlocked at a future time, during which the market may undergo significant changes. If the project's progress is below expectations, or if the overall market turns bearish, the tokens unlocked may face substantial selling pressure. Therefore, this is essentially a risk investment, and participants must approach it with the mindset of early equity investment, rather than short-term arbitrage.

For ordinary investors, our advice is: do thorough research, participate cautiously, and observe in the long term. Before deciding whether to consume points to participate, you should try to understand Bitway's technical documentation, team background, and competitive analysis as much as possible. For investors who were unable to participate in the Pre-TGE activities, there is no need to worry; you can add it to your watchlist and focus on its mainnet launch time, the achievement of the first milestone, and the initial circulation and valuation after the token officially goes on the market. In the crypto world, opportunities are always present, but only when the tide goes out can you see who is really building valuable projects. Bitway's dance has just begun, and whether it can become a brilliant movement in the Bitcoin ecosystem symphony will require time and the joint testing of the market.