$BB price prediction, launched at 18:00 on May 13th #Binance

Let's talk about the project first. What BounceBit wants to do is to combine the advantages of CeFi and DeFi to provide BTC with better income opportunities and wider applications.

Simply put, it is a product that generates interest for BTC. So for users, the most concerned issue is:

How is the income generated? How to ensure the safety of BTC assets?

The income is easy to understand:

BTC is entrusted to CeFi (Ceffu, Mainnet Digital and Fireblocks, etc.), and they use it for arbitrage to earn basic income. The entrusted BTC unlocks liquidity through the liquidity custody token $BBTC, and $BBTC is issued on the Bouncebit chain.

$BBTC is equivalent to the bottom-level BTC asset on Bouncebit, and the subsequent LSD and LRD can be played:

$BBTC is pledged to the node operator to obtain a share of POS staking income, and the liquidity is unlocked through the LST token $stBTC. $stBTC can be pledged to the shared security client to obtain re-staking income, or enter Defi applications.

In addition, POS nodes support BB and BBTC dual token pledge.

In terms of security, Ceffu, Mainnet Digital, Fireblocks, Antalpha, etc. are all compliant and technically capable institutions.

It can be seen that BounceBit has given BTC the current common income model on ETH: Cefi, POS pledge, re-staking, Defi.

Valuation and income calculation:

$BB total amount 2.1b, initial circulation 409.5m (accounting for 19.50%). Binance Megadrop total amount 168m (8.00% of the total amount).

According to Binance research report, the current financing is 798w, and the valuation is about 38 million based on the proportion of 21% investors.

At present, the total number of people participating in the metadrop activity is about 70w, of which about 41w participate in web3 tasks, and the off-site point price is about 0.009u.

Excluding the BNB lock-up part, if you only complete the web3 task, you will get 1,000 points reward, corresponding to 9u

Only lock bnb (price 580) for 30 days at the lowest level, the yield is about 0.155%; lock bnb at the lowest level and complete the web3 task at the same time, the yield is about 1.78%

Combining the data of metadrop participants and the price of over-the-counter points, the valuation of related tracks, financing conditions, chip distribution and other information, the estimated opening price is about 0.57, and the reasonable price range is 0.4-1

The project has good fundamentals and has a promising future, but the initial circulation is high, and the proportion of airdrops is high, there is selling pressure, if the price can reach 0.Below 4, and optimally below 0.36 is a good entry price