Zulu Network (N/A)

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.

🤑 Although there was no official announcement about the upcoming Zulu Network airdrop and release of its token from the team, there have been rumors in the community that there may be a reward for participating in the Zulu Network’s test net. 

The CoinLaunch team analyzed the project and identified some pros and cons to consider before participating in Zulu Network IDO on PAID Network or taking part in the testnet of the project:

✅ Zulu Network’s pros: 

• First Bitcoin L2 to achieve Bitcoin-level security
• Has high number of registered users (over 765k as mention on site); 
• Powerful PR performance;
• Strong growth marketing; 
• Above-the-average SMM and Influencer Marketing Performance;
• Large number of AMA’s and interviews with 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 Tier 3 company; 
• No open Bug Bounty program;  
• Weak marketing infrastructure and SEO; 
• Non confirmed airdrop.