Tuna Chain: A Groundbreaking Layer 2 Solution on Bitcoin Network

Intermediate9/24/2024, 3:04:07 PM
Dive into the world of Tuna Chain, a groundbreaking Layer 2 solution on the Bitcoin network. Discover its unique features, tokenomics, and how you can get started. Join the Ocean Trio and be part of the future of blockchain technology.

While Bitcoin remains the most trusted cryptocurrency, its capability for complex smart contracts and advanced applications remains limited due to its inherent design. This limitation has been a significant roadblock in Bitcoin’s evolution, restricting its potential to be more than just a digital currency. On the other hand, Ethereum offers a multifaceted EVM functionality that allows for the creation and execution of complex smart contracts but lacks the security and trust that Bitcoin has earned over the years. This dichotomy in the crypto world has created a gap, and a need for a solution that combines the best of both worlds.

This is where Tuna Chain comes in. Tuna Chain is conceptualized to bridge this gap. It ambitiously endeavors to integrate EVM compatibility into Bitcoin’s Layer 2 framework, thus expanding the possibilities for Bitcoin’s application and utility.

What is Tuna Chain?


Source: Tuna Chain Website

Tuna Chain is the first Layer 2 solution on the Bitcoin network, designed to redefine the boundaries of blockchain capabilities. It’s a unique platform that synergizes Bitcoin’s unparalleled security with Ethereum’s multifaceted EVM functionality by utilizing a hybrid ZK-OP layer. Tuna Chain is not just a concept; it’s a transformative solution that brings a new realm of possibilities for Bitcoin’s application and utility.

The Mission and Vision of Tuna Chain

The vision behind Tuna Chain is to revolutionize the blockchain landscape by synergizing the security of Bitcoin with the multifaceted functionality of Ethereum’s EVM. The mission is to bridge the gap between these two leading cryptocurrencies, leveraging both strengths to create a secure, functional, and innovative platform.

Tuna Chain envisions a future where Bitcoin’s application and utility are not limited to being a digital currency. It aims to expand Bitcoin’s capabilities, allowing it to host complex smart contracts and advanced applications, previously only possible with Ethereum.

Tuna Chain Team

  • Tuna Nigiri: Tuna Nigiri is the visionary leader behind Tuna Chain. He brings over three years of extensive experience in the blockchain industry and six years in the traditional industry. His strategic insights and leadership have been pivotal in driving Tuna Chain’s success and ensuring the platform’s growth and innovation.
  • Tuna Sushi: Tuna Sushi is Tuna Chain’s blockchain expert, with six years of experience in cryptography, security, and the blockchain domain. He is the core builder and owner of several sophisticated crypto products, including custodian wallets, DeFi protocols, and exchanges (DEX and NFT). His expertise ensures that Tuna Chain remains at the forefront of blockchain technology.
  • Tuna Sashimi: Tuna Sashimi is a seasoned blockchain marketer and planner with three years of experience in the space. She has successfully managed VC-backed projects and facilitated token listings on top-tier centralized exchanges (CEXs). Her marketing acumen and strategic planning are crucial for Tuna Chain’s market presence and growth.

Technology Behind Tuna Chain

Modularity

Tuna Chain’s architecture is powered by Celestia, which provides a modular design. This modularity effectively addresses the data availability challenges associated with Layer 2 solutions. Tuna Chain creates a trust-minimized ecosystem by leveraging advanced techniques like 2D Reed-Solomon erasure coding and Namespaced Merkle Trees (NMTs). This significantly reduces transaction costs for end-users and a considerable boost in overall network efficiency.

ZK-OP Layer

The cornerstone of Tuna Chain’s execution layer is the innovative hybrid ZK-OP (Zero-Knowledge Optimistic Rollup) solution. This layer ensures EVM compatibility, leading Tuna Chain towards a sophisticated ZK-OP hybrid architecture. The ZK-OP layer delivers lightning-fast, secure transaction processing and robust execution of smart contracts, revolutionizing blockchain technology.

Tuna Native Stablecoins - $Toro

Tuna Chain is powered by $Toro, a special stablecoin designed to meet users’ needs. To get $Toro, users can deposit their Bitcoin (BTC) as collateral. This means they can exchange their BTC for a stable digital currency. $Toro isn’t just a stablecoin; it’s also the currency used for transactions on the Tuna Chain network.

This connection between $Toro and BTC offers users the benefit of earning interest on their BTC holdings without selling their Bitcoin. This means they can get a higher return on their investment without giving up their BTC.

Operational Dynamics of Tuna Chain

Tuna Chain functions as an extension to the Bitcoin network, maintaining Bitcoin’s foundational security while broadening its functionality through an innovative Layer 2 solution. This allows Tuna Chain to offer a secure, scalable, and efficient platform for executing smart contracts and processing transactions.

Transaction Mechanics

Transaction processing on Tuna Chain involves meticulous ordering and processing of transactions, followed by secure posting to the Data Availability Layer (Celestia) and final state confirmation on the Bitcoin blockchain. Verifiers ensure data consistency and promptly submit fraud proofs when discrepancies arise, maintaining network integrity and security. Tuna Chain leverages Optimistic Rollups (OP) and Zero-Knowledge Rollups (ZK) to boost scalability. The recent Taproot upgrade on the Bitcoin network has unlocked new possibilities for enhancing native asset security, which Tuna Chain employs to protect native assets and enhance network security.

How Does Tuna Chain Work?

Rollup Solutions and Operational Mechanism of Bitcoin Layer 2

Tuna Chain employs a hybrid ZK-OP (Zero-Knowledge Optimistic Rollup) approach to enhance Bitcoin’s capabilities. This Layer 2 solution integrates Ethereum’s EVM (Ethereum Virtual Machine) functionalities with Bitcoin’s robust security. Using rollups, Tuna Chain can bundle multiple transactions into a single batch, reducing the load on the Bitcoin mainnet and significantly lowering transaction costs. This method ensures faster and more efficient processing while maintaining high-security standards.

Securing Native Assets on Bitcoin: Leveraging Taproot’s Upgrade

Taproot, a significant upgrade to Bitcoin, enhances privacy and efficiency in the Tuna Chain. It allows complex transactions to appear as simple ones, thus improving security and reducing transaction fees. Tuna Chain leverages Taproot to secure native assets by enabling more sophisticated smart contracts and multi-signature transactions. This upgrade ensures that assets on Tuna Chain are protected with advanced cryptographic techniques, making it a reliable platform for decentralized applications.

Transaction Lifecycle on Tuna Chain

The transaction lifecycle on the Tuna Chain begins with initiating a transaction on the Layer 2 network. This transaction is then bundled with others into a rollup batch. The batch is processed off-chain, where Zero-Knowledge Proofs (ZKPs) verify the validity of each transaction without revealing sensitive information. Once verified, the batch is submitted to the Bitcoin mainnet for final settlement. This process ensures that transactions are fast, secure, and cost-effective, leveraging Bitcoin’s and Ethereum’s strengths.

Getting Started With Tuna Chain’s Ocean Trio

The TunaChain Ocean Trio is an exciting journey that unfolds in three captivating stages. Each offers unique activities for participants to explore and earn rewards through a point system. By actively participating in these stages, users can earn points and receive rewards, contributing to TunaChain’s growth and development.

Calm Waters

The initial stage, Calm Waters, is currently live. It introduces participants to the basics of TunaChain, providing foundational activities that help users familiarize themselves with the platform and its functionalities.

Whimsical Tides

The second stage, Whimsical Tides, now live, brings more advanced features and activities. As part of the TunaChain testnet, Whimsical Tides allows users to explore and test new functionalities, providing valuable feedback to help refine the platform.

Majestic Depths

The final stage, Majestic Depths, promises to offer the most sophisticated and rewarding activities. This stage will fully unlock TunaChain’s potential, providing users with a comprehensive and immersive experience.

Whether you’re looking to explore the Tuna Chain ecosystem, earn points, or simply engage in friendly competition, this step-by-step guide will help you get started.

  1. Visit the Official Points Website

The first step to joining the Ocean Trio is to head to the official points website. This is where you can access everything you need to know about the Ocean Trio and how to earn points within the Tuna Chain network.

  • Information Hub: On this page, you’ll find detailed instructions about the Ocean Trio, how it works, and what tasks you need to complete to start earning points.
  • Task List: The site offers a clear outline of tasks you can participate in, ranging from simple beginner tasks to more advanced activities.

    1. Complete Tasks to Earn Points

Once you’ve explored the points website, you’ll notice a range of tasks designed to help you earn points. These tasks vary in complexity and nature, allowing you to learn more about Tuna Chain and its partners while being rewarded for your efforts.

  • Variety of Tasks: Tasks can include anything from engaging with Tuna Chain’s community on social media to completing certain transactions or exploring new features within the platform. Each task helps you build your point total.
  • Earn and Learn: By completing these tasks, not only do you earn points, but you also gain hands-on experience with the Tuna Chain ecosystem. Whether learning about decentralized finance (DeFi) or testing Tuna Chain’s latest features, each task enhances your knowledge.

The more tasks you complete, the more points you earn, giving you a competitive edge on the leaderboard while deepening your engagement with the ecosystem.

  1. Ensure Wallet Compatibility

Before completing tasks, you must ensure your wallet is compatible with Tuna Chain. This step guarantees a seamless experience when participating in the Ocean Trio and earning points.

  • BTC Taproot Address: Tuna Chain recommends using a BTC Taproot address for the best experience. This ensures compatibility with the platform and allows you to participate in various tasks designed specifically for Bitcoin-based addresses.
  • EVM Address Binding: For users who operate in the Ethereum space, Tuna Chain allows binding your EVM address (from Metamask or OKX Wallet) to your BTC Taproot address. This enables you to perform tasks across multiple networks and participate in Ethereum and Bitcoin ecosystems without any issues.

By linking your EVM address with your BTC Taproot address, you maximize your ability to complete tasks and earn points, allowing you to engage in cross-network activities.

  1. Track Your Progress on the Leaderboard

The leaderboard, which tracks the points accumulated by each participant, is a fun and competitive aspect of the Ocean Trio. This not only adds excitement to the process but also motivates participants to stay active and complete more tasks.

  • Competitive Ranking: The leaderboard ranks participants based on their point totals, creating a dynamic, engaging environment where you can see how you compare to others in the Tuna Chain community.
  • Monitor Standings: You can check your position anytime by visiting here. Watching your rank rise as you complete tasks adds an extra layer of motivation, encouraging you to continue participating and exploring new challenges.

Tuna DAO

Tuna DAO is designed to empower the TunaChain ecosystem, offering opportunities for builders and contributors to engage and shape the platform’s future. Members can stake $TUNA, access airdrops, earn staking rewards, gain voting power, submit proposals, and govern the Tuna Treasury by participating.

Key Features of Tuna DAO

  • Stake $TUNA: Staking $TUNA is the gateway to gaining voting power within the DAO. This voting power is crucial for participating in the governance of the ecosystem, allowing members to have a say in important decisions.
  • Access Airdrops: Members with voting power are eligible for various upcoming airdrops. This provides an additional incentive for active participation and engagement within the DAO.
  • Earn Staking Rewards: Initial staking rewards are set at 30% APR, with the potential to boost up to 60%. This makes staking $TUNA not only a way to gain influence but also a lucrative opportunity.
  • Gain Voting Power: Voting power is granted based on the amount of $TUNA staked and the duration of the stake. The longer and more $TUNA you stake, the more voting power you accumulate, calculated daily as the amount of staked $TUNA divided by 182.
  • Submit Proposals: With a minimum of 2,000 voting power, members can submit proposals to foster ecosystem development. This ensures that those who are most invested in the platform have a direct impact on its growth and direction.
  • Govern Tuna Treasury: DAO members collectively govern a treasury containing approximately 100 million $TUNA. This treasury funds proposals and initiatives that benefit the ecosystem, making the governance process democratic and impactful.

How to Acquire Voting Power

Acquiring voting power in Tuna DAO is straightforward. Members gain voting power by staking $TUNA, which increases with the amount of $TUNA staked and the duration of the stake. This system ensures that those most committed to the platform have the greatest influence.

Proposal Submission Process

Submitting proposals within Tuna DAO is a structured process. A minimum of 2,000 voting power is required to submit a proposal. The proposal follows a 7-day timeline, including one day for preparation and six days for voting. A snapshot of the voting power balance is taken at the start of voting to ensure fairness and transparency.

Tuna Chain’s Tokenomics

Tuna Chain’s unique tokenomics is a testament to its innovative approach in the crypto space. The ecosystem revolves around three primary tokens: $TUNA, $TORO, and $WOOG, each serving a distinct purpose.

$TUNA

$TUNA is Tuna Chain’s governance token. It empowers holders with voting rights, enabling them to participate in the decision-making process and influence the platform’s future direction.

The total supply of $TUNA is capped at 210,000,000 tokens and it is distributed thus;

  • Seed - 2.00%
  • Partner - 0.50%
  • Private - 2.00%
  • LBP - 8.00%
  • Contributors - 15.00%
  • Liquidity - 8.50%
  • Ecosystem - 51.00%
  • Community Boost - 3.00%
  • Foundation - 10.00%

$TORO

$TORO is Tuna Chain’s native stablecoin. While more details about $TORO are yet to be released, it’s expected to play a crucial role in maintaining economic stability within the Tuna Chain ecosystem.

$WOOG

$WOOG serves as an exclusive gateway to the Tuna Chain ecosystem. It’s designed to provide holders with firsthand experience of the diverse ecosystem. The total supply of $WOOG is limited to 1000 tokens. 200 $WOOG tokens were distributed during the Bybit BRC20 Inscription Launchpad event, while the remaining 800 $WOOG tokens are sealed and will only be unlocked upon activation by external forces in subsequent instances.

Conclusion

Tuna Chain represents a groundbreaking advancement in the blockchain space. It combines Bitcoin’s unmatched security with Ethereum’s versatile EVM functionality.

By leveraging innovative technologies such as Zero-Knowledge Optimistic Rollups (ZK-OP) and Celestia’s modular architecture, Tuna Chain addresses Bitcoin’s scalability and functionality limitations while ensuring robust data availability and reduced transaction costs.

Author: Angelnath
Translator: Piper
Reviewer(s): Matheus、KOWEI
Translation Reviewer(s): Ashely
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.

Tuna Chain: A Groundbreaking Layer 2 Solution on Bitcoin Network

Intermediate9/24/2024, 3:04:07 PM
Dive into the world of Tuna Chain, a groundbreaking Layer 2 solution on the Bitcoin network. Discover its unique features, tokenomics, and how you can get started. Join the Ocean Trio and be part of the future of blockchain technology.

While Bitcoin remains the most trusted cryptocurrency, its capability for complex smart contracts and advanced applications remains limited due to its inherent design. This limitation has been a significant roadblock in Bitcoin’s evolution, restricting its potential to be more than just a digital currency. On the other hand, Ethereum offers a multifaceted EVM functionality that allows for the creation and execution of complex smart contracts but lacks the security and trust that Bitcoin has earned over the years. This dichotomy in the crypto world has created a gap, and a need for a solution that combines the best of both worlds.

This is where Tuna Chain comes in. Tuna Chain is conceptualized to bridge this gap. It ambitiously endeavors to integrate EVM compatibility into Bitcoin’s Layer 2 framework, thus expanding the possibilities for Bitcoin’s application and utility.

What is Tuna Chain?


Source: Tuna Chain Website

Tuna Chain is the first Layer 2 solution on the Bitcoin network, designed to redefine the boundaries of blockchain capabilities. It’s a unique platform that synergizes Bitcoin’s unparalleled security with Ethereum’s multifaceted EVM functionality by utilizing a hybrid ZK-OP layer. Tuna Chain is not just a concept; it’s a transformative solution that brings a new realm of possibilities for Bitcoin’s application and utility.

The Mission and Vision of Tuna Chain

The vision behind Tuna Chain is to revolutionize the blockchain landscape by synergizing the security of Bitcoin with the multifaceted functionality of Ethereum’s EVM. The mission is to bridge the gap between these two leading cryptocurrencies, leveraging both strengths to create a secure, functional, and innovative platform.

Tuna Chain envisions a future where Bitcoin’s application and utility are not limited to being a digital currency. It aims to expand Bitcoin’s capabilities, allowing it to host complex smart contracts and advanced applications, previously only possible with Ethereum.

Tuna Chain Team

  • Tuna Nigiri: Tuna Nigiri is the visionary leader behind Tuna Chain. He brings over three years of extensive experience in the blockchain industry and six years in the traditional industry. His strategic insights and leadership have been pivotal in driving Tuna Chain’s success and ensuring the platform’s growth and innovation.
  • Tuna Sushi: Tuna Sushi is Tuna Chain’s blockchain expert, with six years of experience in cryptography, security, and the blockchain domain. He is the core builder and owner of several sophisticated crypto products, including custodian wallets, DeFi protocols, and exchanges (DEX and NFT). His expertise ensures that Tuna Chain remains at the forefront of blockchain technology.
  • Tuna Sashimi: Tuna Sashimi is a seasoned blockchain marketer and planner with three years of experience in the space. She has successfully managed VC-backed projects and facilitated token listings on top-tier centralized exchanges (CEXs). Her marketing acumen and strategic planning are crucial for Tuna Chain’s market presence and growth.

Technology Behind Tuna Chain

Modularity

Tuna Chain’s architecture is powered by Celestia, which provides a modular design. This modularity effectively addresses the data availability challenges associated with Layer 2 solutions. Tuna Chain creates a trust-minimized ecosystem by leveraging advanced techniques like 2D Reed-Solomon erasure coding and Namespaced Merkle Trees (NMTs). This significantly reduces transaction costs for end-users and a considerable boost in overall network efficiency.

ZK-OP Layer

The cornerstone of Tuna Chain’s execution layer is the innovative hybrid ZK-OP (Zero-Knowledge Optimistic Rollup) solution. This layer ensures EVM compatibility, leading Tuna Chain towards a sophisticated ZK-OP hybrid architecture. The ZK-OP layer delivers lightning-fast, secure transaction processing and robust execution of smart contracts, revolutionizing blockchain technology.

Tuna Native Stablecoins - $Toro

Tuna Chain is powered by $Toro, a special stablecoin designed to meet users’ needs. To get $Toro, users can deposit their Bitcoin (BTC) as collateral. This means they can exchange their BTC for a stable digital currency. $Toro isn’t just a stablecoin; it’s also the currency used for transactions on the Tuna Chain network.

This connection between $Toro and BTC offers users the benefit of earning interest on their BTC holdings without selling their Bitcoin. This means they can get a higher return on their investment without giving up their BTC.

Operational Dynamics of Tuna Chain

Tuna Chain functions as an extension to the Bitcoin network, maintaining Bitcoin’s foundational security while broadening its functionality through an innovative Layer 2 solution. This allows Tuna Chain to offer a secure, scalable, and efficient platform for executing smart contracts and processing transactions.

Transaction Mechanics

Transaction processing on Tuna Chain involves meticulous ordering and processing of transactions, followed by secure posting to the Data Availability Layer (Celestia) and final state confirmation on the Bitcoin blockchain. Verifiers ensure data consistency and promptly submit fraud proofs when discrepancies arise, maintaining network integrity and security. Tuna Chain leverages Optimistic Rollups (OP) and Zero-Knowledge Rollups (ZK) to boost scalability. The recent Taproot upgrade on the Bitcoin network has unlocked new possibilities for enhancing native asset security, which Tuna Chain employs to protect native assets and enhance network security.

How Does Tuna Chain Work?

Rollup Solutions and Operational Mechanism of Bitcoin Layer 2

Tuna Chain employs a hybrid ZK-OP (Zero-Knowledge Optimistic Rollup) approach to enhance Bitcoin’s capabilities. This Layer 2 solution integrates Ethereum’s EVM (Ethereum Virtual Machine) functionalities with Bitcoin’s robust security. Using rollups, Tuna Chain can bundle multiple transactions into a single batch, reducing the load on the Bitcoin mainnet and significantly lowering transaction costs. This method ensures faster and more efficient processing while maintaining high-security standards.

Securing Native Assets on Bitcoin: Leveraging Taproot’s Upgrade

Taproot, a significant upgrade to Bitcoin, enhances privacy and efficiency in the Tuna Chain. It allows complex transactions to appear as simple ones, thus improving security and reducing transaction fees. Tuna Chain leverages Taproot to secure native assets by enabling more sophisticated smart contracts and multi-signature transactions. This upgrade ensures that assets on Tuna Chain are protected with advanced cryptographic techniques, making it a reliable platform for decentralized applications.

Transaction Lifecycle on Tuna Chain

The transaction lifecycle on the Tuna Chain begins with initiating a transaction on the Layer 2 network. This transaction is then bundled with others into a rollup batch. The batch is processed off-chain, where Zero-Knowledge Proofs (ZKPs) verify the validity of each transaction without revealing sensitive information. Once verified, the batch is submitted to the Bitcoin mainnet for final settlement. This process ensures that transactions are fast, secure, and cost-effective, leveraging Bitcoin’s and Ethereum’s strengths.

Getting Started With Tuna Chain’s Ocean Trio

The TunaChain Ocean Trio is an exciting journey that unfolds in three captivating stages. Each offers unique activities for participants to explore and earn rewards through a point system. By actively participating in these stages, users can earn points and receive rewards, contributing to TunaChain’s growth and development.

Calm Waters

The initial stage, Calm Waters, is currently live. It introduces participants to the basics of TunaChain, providing foundational activities that help users familiarize themselves with the platform and its functionalities.

Whimsical Tides

The second stage, Whimsical Tides, now live, brings more advanced features and activities. As part of the TunaChain testnet, Whimsical Tides allows users to explore and test new functionalities, providing valuable feedback to help refine the platform.

Majestic Depths

The final stage, Majestic Depths, promises to offer the most sophisticated and rewarding activities. This stage will fully unlock TunaChain’s potential, providing users with a comprehensive and immersive experience.

Whether you’re looking to explore the Tuna Chain ecosystem, earn points, or simply engage in friendly competition, this step-by-step guide will help you get started.

  1. Visit the Official Points Website

The first step to joining the Ocean Trio is to head to the official points website. This is where you can access everything you need to know about the Ocean Trio and how to earn points within the Tuna Chain network.

  • Information Hub: On this page, you’ll find detailed instructions about the Ocean Trio, how it works, and what tasks you need to complete to start earning points.
  • Task List: The site offers a clear outline of tasks you can participate in, ranging from simple beginner tasks to more advanced activities.

    1. Complete Tasks to Earn Points

Once you’ve explored the points website, you’ll notice a range of tasks designed to help you earn points. These tasks vary in complexity and nature, allowing you to learn more about Tuna Chain and its partners while being rewarded for your efforts.

  • Variety of Tasks: Tasks can include anything from engaging with Tuna Chain’s community on social media to completing certain transactions or exploring new features within the platform. Each task helps you build your point total.
  • Earn and Learn: By completing these tasks, not only do you earn points, but you also gain hands-on experience with the Tuna Chain ecosystem. Whether learning about decentralized finance (DeFi) or testing Tuna Chain’s latest features, each task enhances your knowledge.

The more tasks you complete, the more points you earn, giving you a competitive edge on the leaderboard while deepening your engagement with the ecosystem.

  1. Ensure Wallet Compatibility

Before completing tasks, you must ensure your wallet is compatible with Tuna Chain. This step guarantees a seamless experience when participating in the Ocean Trio and earning points.

  • BTC Taproot Address: Tuna Chain recommends using a BTC Taproot address for the best experience. This ensures compatibility with the platform and allows you to participate in various tasks designed specifically for Bitcoin-based addresses.
  • EVM Address Binding: For users who operate in the Ethereum space, Tuna Chain allows binding your EVM address (from Metamask or OKX Wallet) to your BTC Taproot address. This enables you to perform tasks across multiple networks and participate in Ethereum and Bitcoin ecosystems without any issues.

By linking your EVM address with your BTC Taproot address, you maximize your ability to complete tasks and earn points, allowing you to engage in cross-network activities.

  1. Track Your Progress on the Leaderboard

The leaderboard, which tracks the points accumulated by each participant, is a fun and competitive aspect of the Ocean Trio. This not only adds excitement to the process but also motivates participants to stay active and complete more tasks.

  • Competitive Ranking: The leaderboard ranks participants based on their point totals, creating a dynamic, engaging environment where you can see how you compare to others in the Tuna Chain community.
  • Monitor Standings: You can check your position anytime by visiting here. Watching your rank rise as you complete tasks adds an extra layer of motivation, encouraging you to continue participating and exploring new challenges.

Tuna DAO

Tuna DAO is designed to empower the TunaChain ecosystem, offering opportunities for builders and contributors to engage and shape the platform’s future. Members can stake $TUNA, access airdrops, earn staking rewards, gain voting power, submit proposals, and govern the Tuna Treasury by participating.

Key Features of Tuna DAO

  • Stake $TUNA: Staking $TUNA is the gateway to gaining voting power within the DAO. This voting power is crucial for participating in the governance of the ecosystem, allowing members to have a say in important decisions.
  • Access Airdrops: Members with voting power are eligible for various upcoming airdrops. This provides an additional incentive for active participation and engagement within the DAO.
  • Earn Staking Rewards: Initial staking rewards are set at 30% APR, with the potential to boost up to 60%. This makes staking $TUNA not only a way to gain influence but also a lucrative opportunity.
  • Gain Voting Power: Voting power is granted based on the amount of $TUNA staked and the duration of the stake. The longer and more $TUNA you stake, the more voting power you accumulate, calculated daily as the amount of staked $TUNA divided by 182.
  • Submit Proposals: With a minimum of 2,000 voting power, members can submit proposals to foster ecosystem development. This ensures that those who are most invested in the platform have a direct impact on its growth and direction.
  • Govern Tuna Treasury: DAO members collectively govern a treasury containing approximately 100 million $TUNA. This treasury funds proposals and initiatives that benefit the ecosystem, making the governance process democratic and impactful.

How to Acquire Voting Power

Acquiring voting power in Tuna DAO is straightforward. Members gain voting power by staking $TUNA, which increases with the amount of $TUNA staked and the duration of the stake. This system ensures that those most committed to the platform have the greatest influence.

Proposal Submission Process

Submitting proposals within Tuna DAO is a structured process. A minimum of 2,000 voting power is required to submit a proposal. The proposal follows a 7-day timeline, including one day for preparation and six days for voting. A snapshot of the voting power balance is taken at the start of voting to ensure fairness and transparency.

Tuna Chain’s Tokenomics

Tuna Chain’s unique tokenomics is a testament to its innovative approach in the crypto space. The ecosystem revolves around three primary tokens: $TUNA, $TORO, and $WOOG, each serving a distinct purpose.

$TUNA

$TUNA is Tuna Chain’s governance token. It empowers holders with voting rights, enabling them to participate in the decision-making process and influence the platform’s future direction.

The total supply of $TUNA is capped at 210,000,000 tokens and it is distributed thus;

  • Seed - 2.00%
  • Partner - 0.50%
  • Private - 2.00%
  • LBP - 8.00%
  • Contributors - 15.00%
  • Liquidity - 8.50%
  • Ecosystem - 51.00%
  • Community Boost - 3.00%
  • Foundation - 10.00%

$TORO

$TORO is Tuna Chain’s native stablecoin. While more details about $TORO are yet to be released, it’s expected to play a crucial role in maintaining economic stability within the Tuna Chain ecosystem.

$WOOG

$WOOG serves as an exclusive gateway to the Tuna Chain ecosystem. It’s designed to provide holders with firsthand experience of the diverse ecosystem. The total supply of $WOOG is limited to 1000 tokens. 200 $WOOG tokens were distributed during the Bybit BRC20 Inscription Launchpad event, while the remaining 800 $WOOG tokens are sealed and will only be unlocked upon activation by external forces in subsequent instances.

Conclusion

Tuna Chain represents a groundbreaking advancement in the blockchain space. It combines Bitcoin’s unmatched security with Ethereum’s versatile EVM functionality.

By leveraging innovative technologies such as Zero-Knowledge Optimistic Rollups (ZK-OP) and Celestia’s modular architecture, Tuna Chain addresses Bitcoin’s scalability and functionality limitations while ensuring robust data availability and reduced transaction costs.

Author: Angelnath
Translator: Piper
Reviewer(s): Matheus、KOWEI
Translation Reviewer(s): Ashely
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.
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