Zulu Network
Zulu Network is a Bitcoin Layer 2 network that allows developers to easily and quickly build native DeFi & liquidity, memes, NFTs, GameFi, and BRC-20 projects on the Bitcoin blockchain. Zulu Network applies the open architecture, which includes UTXO Innovation Layer, Liquidity Aggregation, EVM layer, and a BitVM2 Decentralized bridge to expand Bitcoin’s Ecosystem capabilities.
$ZULU functions as the core utility token within the Zulu ecosystem, facilitating transactions, staking, and governance.
Zulu Network successfully raised $3 million from Waterdrip Capital, Web3.com Ventures, CatcherVC, CGV FoF, SatoshiLab, Ledger Capital, K24 Ventures and others. The project plans to distribute 260000 $ZULU on Gate.io Launchpool from 19th to 24th November.
Zulu Network - WAITLIST Overview
Zulu Network - Review
Zulu Network is the first Bitcoin L2 platform that adopts a dual-layer architecture, considering both stability and innovation. There are apparent defects in relying solely on EVM compatibility: application scenarios and innovation in the ecosystem are constrained. But maintaining only UTXO features raises the risk as well. To avoid this, Zulu has intelligently proposed a two-layer architecture solution to put all such apprehensions at bay and ease the use of fast DeFi strategies over the Bitcoin Network.
ZuluPrime L2 supports EVM for Bitcoin scaling and BitFi, that is, Bitcoin DeFi. On the other side, ZuluNexus L3 offers UTXO programmability, an especially designed way to innovate natively on Bitcoin, always making transactions on it more affordable, fast, extensible, and programmable. Other services by Zulu include the first decentralized bridge for Bitcoin and its unique hybrid PoS/PoW mining architecture.
🤑 $ZULU serves as the primary utility token of the Zulu ecosystem, enabling transactions, staking, and governance participation.
The CoinLaunch team analyzed the project and identified some pros and cons to consider before participating in Zulu Network testnet or buying $ZULU:
✅ Zulu Network’s pros:
- First Bitcoin L2 to achieve Bitcoin-level security
- Has a high number of registered users (over 765k as mentioned on site);
- Powerful PR performance;
- Strong growth marketing;
- Above-the-average SMM and Influencer Marketing Performance;
- Large number of AMA’s and interviews with the team;
- CEO has previously worked for a Tier 1 Crypto Company (OKX)
- A lot of reputable partners.
📛 Zulu Network’s cons:
- No information about tokenomics;
- No Tier 1 Investors and Partners;
- Only one Security Audit from a Tier 3 company;
- No open Bug Bounty program;
- Weak marketing infrastructure and SEO;
- Non-confirmed airdrop.
Zulu Network - Team
