Plan B Community and the Plan B VC Fund have unveiled CypherTank, a Bitcoin-focused pitch competitors set to happen in Lugano through the Plan B Discussion board. The initiative, providing over $850,000 in complete prizes, goals to highlight revolutionary Bitcoin initiatives and set up Lugano as a premier Bitcoin hub.
The competitors will function eleven fastidiously chosen initiatives – eight for-profit and three nonprofit – competing throughout numerous classes, together with on-chain Bitcoin expertise, Lightning Community functions, 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 present 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 formidable panel of judges, together with trade leaders comparable to Paolo Ardoino (Tether), Adam Again (Blockstream), Matt Odell (Ten31), Mike Jarmuz (Lightning Ventures), and Preston Pysh (Ego Demise). 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.
Functions are actually open for each for-profit startups and nonprofit initiatives. The initiative represents a big step in Bitcoin’s evolution, providing not simply funding but in addition a platform for showcasing innovation within the Bitcoin area. The competitors’s construction, combining funding alternatives with world visibility, positions it as a possible catalyst for the following wave of Bitcoin growth and adoption.
For extra data and functions, founders can go to the official software portal.
