Plan B Community and the Plan B VC Fund have unveiled CypherTank, a Bitcoin-focused pitch competitors set to happen in Lugano in the course of the Plan B Discussion board. The initiative, providing over $850,000 in complete prizes, goals to highlight modern Bitcoin initiatives and set up Lugano as a premier Bitcoin hub.
The competitors will function eleven rigorously chosen initiatives – eight for-profit and three nonprofit – competing throughout numerous classes, together with on-chain Bitcoin know-how, Lightning Community purposes, peer-to-peer improvements, and options for rising markets. For-profit winners will share a $450,000 pre-authorized funding by way of a capped SAFE from the Plan B VC Fund, together with $200,000 in incubation and acceleration providers on the Lugano Plan B Hub.
“CypherTank is designed to offer Bitcoin founders not solely capital, however a worldwide stage,” stated Giacomo Zucco, Director of the Plan B Community. “By recording actual negotiations, scoring pitches, and sharing episodes on-line, we’re amplifying innovation and drawing consideration to Lugano as a Bitcoin hub.”
The competitors has attracted a powerful panel of judges, together with business leaders equivalent to Paolo Ardoino (Tether), Adam Again (Blockstream), Matt Odell (Ten31), Mike Jarmuz (Lightning Ventures), and Preston Pysh (Ego Dying). These consultants will consider initiatives throughout a number of rounds, with semifinals scheduled for October 22 and finals on October 27, 2025.
Nonprofit initiatives will compete in classes spanning human rights safety, scientific breakthroughs, and Lugano Bitcoin-Citadel initiatives. The successful nonprofits will share a $200,000 non-dilutive grant from the Plan B Basis, with potential extra grants from judges.
CypherTank is the primary Bitcoin-only pitch sequence that can movie actual founder–investor negotiations, mix them with choose panel scoring, and distribute the episodes globally. Episodes will probably be launched throughout YouTube, Rumble, and X by the tip of 2025.
Purposes at the moment are open for each for-profit startups and nonprofit initiatives. The initiative represents a major step in Bitcoin’s evolution, providing not simply funding but in addition a platform for showcasing innovation within the Bitcoin house. The competitors’s construction, combining funding alternatives with world visibility, positions it as a possible catalyst for the following wave of Bitcoin improvement and adoption.
For extra data and purposes, founders can go to the official software portal.
