Plan B Network Launches $850K Bitcoin Pitch Contest CypherTank, Taps Tether And Blockstream Chiefs As Judges
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Plan B Network Launches $850K Bitcoin Pitch Contest CypherTank, Taps Tether And Blockstream Chiefs As Judges
"Plan B Network and the Plan B VC Fund have unveiled CypherTank, a Bitcoin-focused pitch competition set to take place in Lugano during the Plan B Forum. The initiative, offering over $850,000 in total prizes, aims to spotlight innovative Bitcoin projects and establish Lugano as a premier Bitcoin hub. The competition will feature eleven carefully selected projects - eight for-profit and three nonprofit - competing across various categories, including on-chain Bitcoin technology, Lightning Network applications, peer-to-peer innovations, and solutions for emerging markets."
""CypherTank is designed to give Bitcoin founders not only capital, but a global stage," said Giacomo Zucco, Director of the Plan B Network. "By recording real negotiations, scoring pitches, and sharing episodes online, we're amplifying innovation and drawing attention to Lugano as a Bitcoin hub." The competition has attracted an impressive panel of judges, including industry leaders such as Paolo Ardoino ( Tether), Adam Back ( Blockstream), Matt Odell ( Ten31), Mike Jarmuz ( Lightning Ventures), and Preston Pysh ( Ego Death)."
"Nonprofit projects will compete in categories spanning human rights protection, scientific breakthroughs, and Lugano Bitcoin-Citadel initiatives. The winning nonprofits will share a $200,000 non-dilutive grant from the Plan B Foundation, with potential additional grants from judges. CypherTank is the first Bitcoin-only pitch series that will film real founder-investor negotiations, combine them with judge panel scoring, and distribute the episodes globally. Episodes will be released across YouTube, Rumble, and X by the end of 2025."
Plan B Network and the Plan B VC Fund launched CypherTank, a Bitcoin-focused pitch competition held in Lugano during the Plan B Forum. The initiative offers over $850,000 in total prizes to spotlight innovative Bitcoin projects and to establish Lugano as a Bitcoin hub. Eleven projects—eight for-profit and three nonprofit—will compete across categories like on-chain technology, Lightning Network applications, peer-to-peer innovations, and emerging market solutions. For-profit winners will share a $450,000 capped SAFE pre-authorized investment plus $200,000 in incubation and acceleration services. Nonprofits will share $200,000 in non-dilutive grants. Filmed negotiations and episodes will be released globally by the end of 2025.
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