**Bitcoin Pitch Contest CypherTank Launches with $850K Prize Pool**
**Meta Description:** CypherTank, a Bitcoin pitch contest with an $850K prize pool, aims to showcase innovative projects and elevate Lugano as a Bitcoin hub.
**URL Slug:** bitcoin-pitch-contest-cyphertank-launch
**Bitcoin Pitch Contest CypherTank Launches with $850K Prize Pool**
The Plan B Network, in collaboration with the Plan B VC Fund, has announced the launch of CypherTank, a Bitcoin-centric pitch competition set to occur in Lugano during the upcoming Plan B Forum. This initiative, boasting a total prize pool exceeding $850,000, seeks to highlight groundbreaking Bitcoin projects and position Lugano as a leading Bitcoin hub.
CypherTank will feature eleven meticulously chosen projects—eight for-profit and three nonprofit—competing in various categories such as on-chain Bitcoin technology, Lightning Network applications, peer-to-peer innovations, and solutions tailored for emerging markets. For-profit winners will have the opportunity to share a $450,000 pre-authorized investment through a capped SAFE from the Plan B VC Fund, in addition to receiving $200,000 in incubation and acceleration services at the Lugano Plan B Hub.
“CypherTank is designed to provide Bitcoin founders not only with capital but also a global platform,” stated Giacomo Zucco, Director of the Plan B Network. “By documenting real negotiations, scoring pitches, and sharing episodes online, we aim to amplify innovation and draw attention to Lugano as a Bitcoin hub.”
The competition has attracted a distinguished panel of judges, including prominent figures from the industry such as Paolo Ardoino (Tether), Adam Back (Blockstream), Matt Odell (Ten31), Mike Jarmuz (Lightning Ventures), and Preston Pysh (Ego Death). These experts will assess projects through multiple rounds, with semifinals scheduled for October 22 and finals on October 27, 2025.
Nonprofit projects will compete in categories focused on human rights protection, scientific advancements, and Lugano Bitcoin-Citadel initiatives. The winning nonprofits will share a $200,000 non-dilutive grant from the Plan B Foundation, with the possibility of additional grants from the judges.
CypherTank is pioneering as the first Bitcoin-only pitch series that will film authentic founder-investor negotiations, combine them with judge panel evaluations, and distribute the episodes globally. The episodes are set to be released on platforms such as YouTube, Rumble, and X by the end of 2025.
Applications are currently open for both for-profit startups and nonprofit projects. This initiative marks a significant advancement in Bitcoin’s evolution, providing not just funding but also a platform to showcase innovation within the Bitcoin ecosystem. The competition’s structure, which merges investment opportunities with global visibility, positions it as a potential catalyst for the next wave of Bitcoin development and adoption.
**FAQ**
**What is CypherTank?**
CypherTank is a Bitcoin-focused pitch competition offering over $850,000 in prizes, aimed at showcasing innovative projects and establishing Lugano as a Bitcoin hub.
