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Plan B Network<\/a> and the Plan B VC Fund<\/a> have unveiled CypherTank<\/a>, a Bitcoin-focused pitch competition set to take place in Lugano during the Plan B Forum<\/a>. The initiative, offering over $850,000 in total prizes, aims to spotlight innovative Bitcoin projects and establish Lugano as a premier Bitcoin hub.<\/p>\n The competition will feature eleven carefully selected projects \u2013 eight for-profit and three nonprofit \u2013 competing across various categories, including on-chain Bitcoin technology, Lightning Network<\/a> applications, peer-to-peer innovations, and solutions for emerging markets. For-profit winners will share a $450,000 pre-authorized investment via a capped SAFE from the Plan B VC Fund, along with $200,000 in incubation and acceleration services at the Lugano Plan B Hub.<\/p>\n \u201cCypherTank is designed to give Bitcoin founders not only capital, but a global stage,\u201d said Giacomo Zucco<\/a>, Director of the Plan B Network. \u201cBy recording real negotiations, scoring pitches, and sharing episodes online, we\u2019re amplifying innovation and drawing attention to Lugano as a Bitcoin hub.\u201d<\/p>\n The competition has attracted an impressive panel of judges, including industry leaders such as Paolo Ardoino (Tether<\/a>), Adam Back (Blockstream<\/a>), Matt Odell (Ten31<\/a>), Mike Jarmuz (Lightning Ventures<\/a>), and Preston Pysh (Ego Death<\/a>). These experts will evaluate projects across multiple rounds, with semifinals scheduled for October 22 and finals on October 27, 2025.<\/p>\n Nonprofit projects will compete in categories spanning human rights protection, scientific breakthroughs, and Lugano<\/a> 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.<\/p>\n CypherTank is the first Bitcoin-only pitch series that will film real founder\u2013investor 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.<\/p>\n Applications are now open for both for-profit startups and nonprofit projects. The initiative represents a significant step in Bitcoin\u2019s evolution, offering not just funding but also a platform for showcasing innovation in the Bitcoin space. The competition\u2019s structure, combining investment opportunities with global visibility, positions it as a potential catalyst for the next wave of Bitcoin development and adoption.<\/p>\n For more information and applications, interested founders can visit the official application portal<\/a>.<\/p>\n<\/p><\/div>\n