RootstockLabs and mimLABS Launch Global Campaign to Promote DeFi Education on Bitcoin and Deepen Decentralization

In a bid to promote decentralized finance (DeFi) education and deepen decentralization on Bitcoin, RootstockLabs and mimLABS have teamed up to launch a global campaign. The initiative, known as the “Rootstock World Tour,” is set to raise awareness about the most established and valuable Layer 2 solution on Bitcoin.

The Rootstock World Tour: A Global Mission with Big Rewards

The Rootstock World Tour is a unique global campaign that features ten missions, each in a different destination within the Rootstock ecosystem. Participants are encouraged to explore the world of DeFi protocols such as Oku, Symbiosis, Sushi, Woodswap, CoNFT, Money On Chain, Rubic Exchange, Tropykus, and Sovryn.

As part of the campaign, participants can collect stamps in their digital passports (NFTs) and accumulate air miles (points) as they navigate through these ten protocols. Each destination offers the chance to win $3,000 in rBTC, with a total prize pool of $33,000 up for grabs. An additional $3,000 in rBTC will be awarded in a final draw on September 30.

To be eligible for the prize draw, participants need to complete at least one mission (destination). Ten lucky winners will be selected randomly per destination, making the journey both educational and potentially lucrative.

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Industry Leaders Endorse the Campaign

Manuel Ferrari, co-founder of the Money On Chain protocol, praised the initiative for its potential to showcase the power of the Rootstock network. He emphasized the campaign’s importance in raising awareness and encouraging users to experience the benefits of DeFi on Bitcoin.

“This campaign is spectacular. At mimLABS, we’ve been building on Rootstock for six years and developed Money On Chain, the first stablecoin protocol collateralized with Bitcoin in 2019. In recent months, we’ve seen the addition of many new protocols like Oku (Uniswap V3), SushiSwap, and others significant in the DeFi world. I strongly believe that DeFi on Bitcoin could be the next big innovation in the Bitcoin ecosystem, as it combines the advantages of DeFi innovations with the security, decentralization, and censorship resistance that only Bitcoin can offer. What Rootstock needs most is for people to know it exists, try it out, and discover how great it is. This awareness campaign comes at the right time,” said Ferrari.

About mimLABS

mimLABS is a Latin American organization committed to developing the next generation of fintech innovations. Founded in 2018, mimLABS offers trust-minimized solutions to build a new global economy, ensuring users don’t have to rely on third parties to safeguard their funds.

The organization is dedicated to empowering the use of Bitcoin and contributes to creating a world where people enjoy financial sovereignty and strong, secure protection against censorship.

About Money On Chain

Money On Chain is a trust-minimized protocol designed to enable Bitcoiners to explore new ways to use Bitcoin while maintaining full control of their private keys. The protocol includes several features, such as a stablecoin, a liquidity token, a governance protocol, and more.

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Money On Chain is built on the principles of decentralization, security, and financial freedom, making it an essential part of the growing DeFi ecosystem on Bitcoin.

For more information on how to participate in the Rootstock World Tour and dive into the exciting world of DeFi on Bitcoin,

visit the official Rootstock World Tour page.

FAQs

1. What is the Rootstock World Tour?

The Rootstock World Tour is a global campaign aimed at promoting DeFi education and deepening decentralization on Bitcoin. It features ten missions across different protocols in the Rootstock ecosystem, with $33,000 in rBTC prizes available.

2. How can I participate in the Rootstock World Tour?

To participate, you need to complete at least one mission in the Rootstock World Tour. Each mission involves interacting with a different DeFi protocol within the Rootstock ecosystem.

3. What is mimLABS?

mimLABS is a Latin American organization focused on developing the next generation of fintech innovations, particularly in the Bitcoin and DeFi space.

4. What is Money On Chain?

Money On Chain is a protocol that allows Bitcoiners to explore new ways to use Bitcoin while retaining full control of their private keys. It includes features like a stablecoin, liquidity token, and governance protocol.

5. What is the significance of DeFi on Bitcoin?

DeFi on Bitcoin combines the innovations of decentralized finance with Bitcoin’s security, decentralization, and censorship resistance, offering a new frontier for financial innovation.

This article is designed to raise awareness about the Rootstock World Tour and the opportunities it presents for participants to explore DeFi on Bitcoin. The campaign not only educates but also incentivizes users to engage with the Rootstock ecosystem, furthering the goal of deepening decentralization in the Bitcoin network.