Published: Dec 27, 2024

corn (CORN)

Website

Status

IDO

Corn has introduced BTCN, a hybrid tokenized Bitcoin designed to enhance Bitcoin’s integration into DeFi. BTCN combines multiple custodians, smart contracts, and bridging protocols to create a more secure and scalable solution for Bitcoin holders.

Funding Round: N/A

Seed Round: $6.7M

Whitepaper

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Interest lvl

Medium

Updated: Jan 09, 2025

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User Rating

Medium

3/5 • 1 votes

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Ticker

CORN

FoundedUnited States

Ecosystems

Bitcoin

What is corn

Corn is a novel blockchain network built on the Arbitrum Orbit stack, designed to harness Bitcoin's value with Ethereum's computational power. With its hybrid tokenized Bitcoin (BTCN) as its gas token, Corn offers a unique, secure, and sustainable way to maximize Bitcoin's potential. Secured by both Bitcoin (via Babylon) and Ethereum staking, Corn ensures long-term alignment through its innovative popCORN incentives model.

Seamless interoperability with other networks is enabled through LayerZero, Thorchain, and Coinbase—making it easy to bring your Bitcoin to Corn and have fun with just one click. Corn is more than efficient; it's the Butter Network: butter yield, butter BTC, and better vibes—the butter place to put your Bitcoin to work.

corn Roadmap

Phase 0 — The Kernel

Corn introduces Kernels, off-chain points that users can earn by depositing assets and engaging with the ecosystem. Kernels represent your share of the upcoming $CORN community allocation but are not tokens themselves. This stage sets the foundation for early community engagement.

The Kernel Season 1 is live! Check The Kernel Season 1 page for more information.

Phase 1 — Maizenet: Seeding

The first phase of Corn's mainnet launch brings several key components online:

Network Launch: The Corn Network goes live with its canonical LayerZero bridge
Bitcoin Clearing House: Users can exchange cbBTC or wBTC for BTCN at a fixed 1:1 ratio
Kernel Season 2: Applications can distribute Kernels directly to users on Corn. Learn more about Kernel Season 2 here
Application Deployment: World-class DeFi applications begin launching on the network
Infrastructure Integration: Key partnerships and infrastructure providers come online

Phase 2 — Maizenet: Harvest

Scheduled for Q1 2025, this phase consists of three key parts:

Part 1: CORN Token Generation Event

Launch of the $CORN token
Community allocation based on accumulated Kernels
Integration with the network's governance system

Part 2: CORN Staking (popCORN)

Introduction of $popCORN (staked CORN)
Enabling yield allocation mechanisms
Governance over network fees and token emissions

Part 3: Farmer's Market Launch

Opening of the network's bribe market
Competitive reward mechanisms for $popCORN holders
Direct value exchange between applications and token holders

This staged approach ensures a secure and efficient deployment while maintaining the network's commitment to decentralization and community governance.