The first Launchpad platform of the BTC ecosystem, IBO, is now online and will open staking for the first project token STB at 2 PM Beijing time

ChainCatcher message, the first Launchpad platform for the BTC ecosystem developed and operated by the Seal community, IBO, has launched today, with staking of $Seal to Earn for the first project token STB starting at 14:00 Beijing time. The IBO platform adopts $Seal to Earn, with the first $Seal to Earn project being Stable++. The total supply of the protocol token STB for Stable++ is 21M, with 20% of the share airdropped first to $Seal stakers on the IBO platform. Of this, 2% will be released in ten days, and the remaining 18% will be released over the next four months.

IBO will initially support RGB++ Layer assets, allowing users to obtain project tokens by staking $Seal. The platform supports the establishment of liquidity pools on UTXOSwap through smart contracts and conducts a series of asset issuance and DeFi activities based on smart contracts. In the future, the IBO platform will also cover a wide range of UTXO ecosystems, including BCH and Dogechain, to initiate a wave of Bitcoin Finance (BTCFi) supported by smart contracts.

Stable++ is an over-collateralized stablecoin protocol based on UTXO, issuing stablecoins. Stable++ utilizes the Leap feature of the RGB++ Layer to enable the free circulation of stablecoins within the Bitcoin ecosystem and ensures its stability by establishing over-collateralized vaults and efficient liquidation modules. The project has received strategic investment from the CKB ecosystem fund.