Binance's severely undervalued sector Megadrop, this sector only has two tokens, today introducing BB, tomorrow introducing Lista, BB token price estimate, minimum 0.2316u, calculated at 50 times, maximum up to 11.58u, currently 0.4051u, with 29 times profit, market value reaching 5.5 billion u
In line with the principle of not missing the last wave of tail-end market, it is recommended to clear positions around 10u, no later than the end of November 2025, welcome to come back and dig the grave then
Token introduction: BounceBit is building a BTC re-staking infrastructure, providing a foundational layer for different re-staking products, secured by regulated custody from Mainnet Digital and Ceffu. BounceBit Chain is designed as a showcase for re-staking products in the BounceBit ecosystem, a PoS Layer 1, where validators stake BTC and BounceBit's native token for protection—this is a dual-token system utilizing the security of native Bitcoin and fully compatible with EVM. Key ecosystem infrastructure such as cross-chain bridges and oracles is protected by re-staked BTC. Through an innovative CeFi + DeFi framework, BounceBit enables BTC holders to earn yields across multiple networks
Belonging to the sector: Megadrop First and second layer network Launch time: 2024.5.13 Total amount: 2.1 billion Circulation: 476.5 million Circulating market value: 192.4 million u Circulating market value ranking: 319 Online exchanges: 18
Official community situation: Twitter: 309,000 followers, tweeting daily Discord: 208,000 members, with an average of 4,000 online daily
Token distribution and unlocking situation: Staking rewards: 35% Investors: 21% BounceClub and ecosystem storage: 14% Team: 10% Binance Megadrop: 8% Advisors: 5% Testnet rewards: 4% Liquidity providers: 3%
Unlocking situation: Unlocking starts from 2025.5.13, with 44.7 million tokens unlocked each month
Project CEO introduction: Jack Lu is a co-founder of several blockchain projects including BounceBit, Bitune, Bounce, Chainswap, etc. He specializes in blockchain mechanisms for generating decentralized consensus and the real-world impact provided by blockchain. Jack excels at analyzing the economic and social models behind projects while also exploring themes of game theory, including incentive terms of blockchain and smart contracts, industrial organization, and market microstructure
Project financing situation: 2024-02-28 Seed round 6 million USD Investment institutions: Blockchain Capital*, Breyer Capital*, NGC Ventures, DeFiance Capital, OKX Ventures, HTX Ventures, Mirana Ventures, Bixin Ventures, Primitive Ventures, Nomad Capital, dao5, CMS Holdings, Bankless Ventures, Matrixport Ventures, MEXC Ventures, GeekCartel, IDG Capital, GMR, Arcane Group, Nathan McCauley, Calvin Liu, Jessy, RookieXBT, MacnBTC, Pentoshi, James Parillo, Pranay Mohan, George Lambeth, Liang Xinjun, Kevin Hu, Ashwin Ayappan, BodhiVentureLabs
2024-04-11 Strategic financing Investment amount not disclosed Investment institutions: Binance Labs
Project important event information: 2023-12-25 Bounce is developing the Bitcoin staking chain BounceBit, while cooperating with MultiBit 2024-02-29 The Bitcoin staking chain BounceBit completes a 6 million USD seed round financing, led by Blockchain Capital, etc. 2024-02-29 OKX Ventures announces strategic investment in the original Bitcoin re-staking platform BounceBit 2024-03-08 BounceBit testnet officially launches, supporting dual-token staking, etc. 2024-04-11 Binance Labs announces investment in BounceBit 2024-04-18 Binance launches the token issuance platform Megadrop, the first project online is BounceBit 2024-05-12 BounceBit: The mainnet will go live on May 13 2024-05-15 BounceBit Chain introduces a dual-token PoS mechanism, allowing users to stake BB and BBTC simultaneously 2024-10-23 BounceBit DeFi platform launches trading for Bitcoin, A-shares, Shenzhen index, etc.