BounceBit is the pioneer native BTC restaking chain. The network is secured by Bitcoin and native BounceBit token staking. The project’s Proof-of-Stake mechanism provides a new dual-token staking system, using BTC security with full EVM compatibility.
BounceBit is powered by its native token called $BB, which allows users to actively participate in the PoS Dual-token staking mechanism.
The project has already raised $6M allocating 359,28M tokens from Top Tier investors including Blockchain Capital, Binance Labs, OKX Ventures, CMS Holdings, DeFiance Capital, Mirana Ventures, MEXC and many others.
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BounceBit is a new solution for BTC staking. The field of Bitcoin Layer 2 platforms is undergoing an era of transformation, which is characterized by the emergence of various methodologies and innovative frameworks. Bounce Bit represents a paradigm shift, moving away from Layer 2 and closer to the Layer 1 concept. The project invites you to dive deeper into the philosophy and strategic decisions that shape the development of BounceBit, a chain that is redefining the role of Bitcoin.
BTC tokens from Bitcoin's native chain and various EVM-compatible chains can be bridged into the BounceBit ecosystem. In particular, BTCB on the Binance Smart Chain (BEP20) and WBTC on Ethereum are supported. BounceBit is committed to support all trusted BTC asset types.
Once transferred, these tokens are displayed and represented equally as BBTC on BounceBit, ensuring consistency and ease of use across the platform. The transfer of BTC between chains is carried out using the BTCbridge, an infrastructure validated by the BTC restake.
BBTC is BTC on the BounceBit chain. It can be thought of as a wrapped version of Bitcoin with advanced features that allow Bitcoin to be used beyond just a store of value.
BounceBit provides a new asset-driven approach. Instead of tying itself to the limiting paradigms of existing Layer 2 solutions tied directly to the Bitcoin blockchain, BounceBit sets itself apart as a separate Layer 1 Proof of Stake (PoS) ecosystem. In this separate network, validators must invest both their own BounceBit tokens and Bitcoin, creating a two-token security system that not only strengthens the network but also enhances the intrinsic value of BTC by ensuring its active role in network validation.
The native BounceBit’s asset $BB is used for a number of reasons:
$BB’s total supply is 2,100,000,000 coins. This number was deliberately chosen as a hint at the total supply of 21 million bitcoins.
On the date, BounceBit gained the attention of more than 211K active users worldwide.
BounceBit plans to launch its Mainnet in May, 2024.
The project has successfully raised $6M from its seed round. The investors include Blockchain Capital, Breyer Capital, OKX Ventures, Mirana Ventures, DeFiance Capital, CMS Holdings and many others.
BounceBit pros:
BounceBit cons:
The Water Margin
Testnet Launch
Mainnet Launch
BounceBit is the pioneer native BTC restaking chain. Its network is secured by staking Bitcoin and native BounceBit tokens. The project’s Proof-of-Stake mechanism provides a new dual-token staking system, using BTC security with full EVM compatibility.
Binance announced the first Binance Megadrop of BounceBit ($BB) project, a BTC re-staking network. Users can participate in the BounceBit Megadrop from 26.04.2024 00:00:00 (UTC).
Binance will then list BounceBit ($BB) on 13.05.2024 at 10:00 (UTC) and open trading in BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY. The "Seed" tag will be applied to $BB.
Binance claimed that Megadrop Allocation will be in the amount of 168,000,000 $BB tokens (8.00% of total supply).
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