Bedrock's BR Token Launch Draws 9653% Oversubscription on Binance Wallet IDO, Reinforcing Community-Driven Bitcoin Staking

SINGAPORE,March 21, 2025/PRNewswire/ -- Bedrock, the leading multi-asset restaking protocol in decentralized finance (DeFi) and part of GoldenBull Enterprise, has officially conducted its BR Token Generation Event (TGE) on Thursday.

As part of the launch,Bedrock introduced theBinance Wallet IDO, providing participants with early access to BR before its broader market debut. The IDO saw overwhelming demand, raising194,853 BNB, which equates to approximately$123.2 millionat the time of publication, based on aBNB price of$632. The initial target of2018.53 BNBwas filled inless than one minute, resulting inanoversubscription rate of 9653.21%. This response highlights strong confidence in BR's role within the BTCFi ecosystem.

On launch day, BR was also confirmed forspot and perpetual futures tradingonOKX, Bitget, Bybit, and Gate.io, further expanding its market reach.

A Sustainable Token Model for BTCFi

BR is the governance and staking token of Bedrock, structured aroundProof of Staking Liquidity (PoSL)—a dual-token model that introducesveBRto ensure alignment between liquidity providers, governance participants, and long-term stakers. By staking BR, users can earnveBR, unlocking increased rewards and voting power within the protocol.

"BR's launch is designed to be sustainable and community-led,"saidZhuling Chen, Core Contributor at Bedrock."By prioritizing a fair distribution model and aligning staking incentives with long-term growth, Bedrock sets a new standard for Bitcoin staking and governance. Through PoSL, users have the opportunity to shape the protocol while benefiting from enhanced staking rewards."

In keeping with itscommunity-first approach,20% of BR's total supplyhas been allocated toairdrops and incentives, withno vestingon the airdropped tokens.5.5%was distributed duringSeason 1, while the remaining14.5%is reserved for future community distributions, ensuring sustained engagement and decentralization.

What's Next for the Bedrock Community?

With the TGE now complete, Bedrock is preparing to launch Season 2 of its Diamonds and Loyalty Program, rewarding users for their continued support and participation. BR staking will be activated soon, offering holders the ability to earn yields and take part in protocol governance.

For more information, please contactlynn@rockx.com.

About BedrockDAO

Bedrock DAO is the decentralized community at the core of the Bedrock ecosystem. Built on the principles of transparency, collaboration, and long-term alignment, the DAO empowers veBR holders to participate in the collective decision-making process that shapes Bedrock's future.

By joining Bedrock DAO, participants become part of a global movement redefining Bitcoin's role in DeFi through Proof of Staking Liquidity (PoSL)—unlocking new opportunities for sustainable growth and innovation across the multichain ecosystem.

About Bedrock

Bedrock is the first multi-asset liquid restaking protocol, pioneering Bitcoin staking with uniBTC. As the leading BTC liquid staking token, uniBTC enables holders to earn rewards while maintaining liquidity, unlocking new yield opportunities in Bitcoin's $1T market. With a cutting-edge approach to BTCFi 2.0, Bedrock is redefining Bitcoin's role in DeFi—while integrating ETH and DePIN assets into a unified PoSL framework.

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SOURCE Bedrock