About RGB ++ Upgrades:

With the next wave of narratives in the CKB ecosystem, the latest technological upgrade to RGB++ Layer brings bridge-less cross-chain and smart contract functionalities to all UTXO chains, aggregating liquidity and kicking off the Bitcoin Finance (#BTCFi) Summer. #SEAL https://x.com/btckbseal is the first leading asset on the RGB++ protocol, and UTXOSwap will soon launch a points system, allowing users to earn airdrop points through interactions. While other BTC L2s are still using the EVM model, the RGB++ Layer's native UTXO base is better suited to support new narratives and financial applications like inscriptions and runes, paving the way for #BIFI innovations.

About the first asset $Seal on RGB ++ layer

The BTC ecosystem's first Launchpad platform, developed and operated by the Seal community, will introduce a new model of IBO (Initial Bitcoin Offering). As the first ecosystem token, $Seal allows users to stake2earn projects’ tokens. The platform supports creating liquidity pools on UTXOSwap through smart contracts and offers various asset issuance and DeFi functionalities based on RGB++ Layer’s smart contracts. In the future, the IBO platform will also encompass a broad UTXO ecosystem, including BCH and Dogechain, to empower $Seal and launch a wave of Bitcoin Finance (BTCFi) supported by smart contracts. 总结：

Summary: Seal is the leading asset of the RGB++ Layer. It can be compared to Pizza in terms of valuation, which is currently low, with potential to be compared to Orid. The Seal community is developing and operating an IBO (Initial Bitcoin Offering) tool platform in this RGB++ Layer upgrade. 关于IBO About IBO

**Seal2earn：**The first IBO (Initial Bitcoin Offering) platform Build by Seal, Governed by Seal, Owned by Seal

Why are we launching an IBO (Initial Bitcoin Offering) platform?

With the introduction of the RGB++ Layer and the launch of UTXOSwap, we've found a new way to issue assets on all UTXO chains: IBO (Initial Bitcoin Offering). For the past 16 months, the Bitcoin ecosystem has had only one way to issue assets: fair mint. Fair mint is great, but without other innovations and experiments, isn't the ecosystem becoming too boring? Plus, how do we address liquidity? How can we better attract projects to issue tokens in the Bitcoin ecosystem? These are all challenges hindering further development.

Advantages of the IBO Model:

Features: Launchpad for RGB++ Assets: Serves as a dedicated platform for launching RGB++ assets.

Empowers $Seal: Allows Seal to lock and mine project tokens, enhancing its utility and value.

Smart Contract Integration: The IBO platform supports creating pools on UTXOSwap directly through smart contracts. Additionally, it facilitates asset issuance and DeFi activities based on smart contracts, capabilities previously unattainable in the BTC ecosystem.

Current Asset Issuance Methods Comparison:

VC Tokens:

Low Liquidity, High Valuation: Tokens have limited circulation and high valuations.

Community Disengagement: The community is often not involved in the distribution or growth.

Fair Launch in Bitcoin Ecosystem: 100% Liquidity: All tokens are available for circulation from the start. Lack of Motivation or Planning: The project team may lack incentives or a plan for post-launch development, or there may be no team at all.

IBO Model (New Approach): High Liquidity, Low Valuation: Tokens start with high circulation and lower initial valuations. Community-Driven: Empowered by the community from the beginning, with tokens allocated to $Seal holders. Balanced Token Distribution: Provides a more balanced and sustainable token model, bridging the gap between VC tokens and Fair Launch.

To be specific：
1>Projects can launch IBOs on Bitcoin mainnet, Dogechain, BCH, and other UTXO chains.

2>Funds raised from IBOs are untouchable by the project team. Smart contracts automatically use these funds to create initial liquidity on UTXOSwap, and LP tokens are locked for 1 year.

3>The IBO sale represents only a tiny portion. The vast majority of tokens will be distributed for free to the community through staking. We encourage projects to circulate tokens quickly, eliminating constant VC unlock pressure.

4>IBO price is set to match seed round prices, giving the community the same deal as VCs. 5>IBO sale uses bonding curve. If the sale isn't completed within the set time, the IBO fails, and funds are automatically refunded to participants via smart contract.

Target Projects: Bitcoin Ecosystem: High-quality projects with funding within the Bitcoin ecosystem.

Broad UTXO Ecosystem: Includes a wide range of UTXO-based projects, such as BCH (Bitcoin Cash) and Dogecoin.

Final Outcomes:

High Liquidity: Achieves rapid and high circulation of tokens.

Balanced Interests: Community-driven approach that also motivates the project team, aligning interests of all parties involved.

Launch the Bitcoin Finance (BTCFi) Ecosystem Supported by Smart Contracts

Key Milestones: IBO Launch: Expected to go live during the Nashville Bitcoin Conference.

First IBO Project: Stable++ is set to be launched in the first phase.

X ：
Seal@btckbseal https://x.com/btckbseal

@CKBEcoFund https://twitter.com/CKBEcoFund

Seal Community：https://t.me/sealrgbpp

CKB Community: https://t.me/ckb_community

#Seal #IBO #CKB #BTCFi