Recently, Bitcoin surpassed $80,000! Be sure to pay attention to Bitcoin ecosystem coins like BounceBit (BB), as there is a great potential for significant gains!$BB
I. Company Overview
BounceBit (BB), an emerging enterprise officially launched on HIBT on May 13, 2024, focuses on building BTC Re-Staking infrastructure. The company is committed to providing a solid foundational support for various re-staking products, and its blockchain platform is meticulously crafted as the core showcase for re-staking products within the BounceBit ecosystem. Through deep collaboration with regulated custody services such as Mainnet Digital and Ceffu, BounceBit adopts an innovative CeFi (Centralized Finance) + DeFi (Decentralized Finance) framework, enabling BTC holders to earn substantial returns across multiple blockchain networks.
II. Development History
2022: BounceBit was officially established and began working on the blueprint for BTC Re-Staking infrastructure.
2023: The company further improved its blockchain infrastructure and established partnerships with multiple regulated custody service providers to ensure user funds' safety and compliance.
2024: BounceBit made significant progress, with the total on-chain locked value (TVL) reaching $500 million, and the number of users exceeding 100,000, marking its leading position in the BTC Re-Staking field.
III. Project Highlights
Staking Mechanism: BounceBit's staking mechanism allows users to participate in a dual-coin PoS (Proof of Stake) system and earn additional returns by staking BB tokens. This mechanism not only enriches users' income channels but also enhances the stability and security of the network.
Dual-Coin PoS: The dual-coin PoS mechanism is a major innovation of BounceBit, allowing each validator to simultaneously accept BBTC (a BTC-based re-staking token) and BB tokens as collateral. This mechanism expands the stakeholder base and improves the resilience and security of the network consensus.
Liquid Staking: BounceBit introduces the concept of liquid staking, allowing staked assets to maintain liquidity while providing more opportunities to earn returns. Users deposit assets into BounceBit and receive a Liquid Custody Token (LCT), which represents the value of users' assets under regulated custody.
IV. Token Economics
Total Supply: 2.1 billion tokens$BB
Initial Circulation: 409.5 million tokens (19.5% of total supply)
Token Distribution:
Binance Megadrop: 8% (used for marketing and user incentives)
Liquidity Providers: 3% (used to incentivize liquidity providers)
Testnet Incentives: 4% (used to reward testnet users)
Advisors: 5% (used to hire industry experts for consultation)
Team: 10% (used to incentivize and reward core team members)
BounceClub and ecosystem reserve: 14% (used to support BounceClub community and ecosystem development)
Investors: 21% (used to attract and reward early investors)
Staking rewards: 35% (used to reward staking users)
V. Future Outlook
BounceBit will continue to improve its infrastructure and attract more users to participate in its ecosystem. As the number of users and TVL continues to grow, the company will constantly expand its service offerings to provide holders with more diversified income opportunities. At the same time, BounceBit will closely monitor industry dynamics and technological development trends, continuously optimizing and innovating its products and services to maintain its leading position in the BTC Re-Staking field.
As a leader in BTC Re-Staking infrastructure, BounceBit provides BTC holders with more diversified income channels by integrating CeFi and DeFi frameworks. With innovative technology and compliant regulated custody services, the company is dedicated to creating a safe, efficient, and flexible re-staking ecosystem for users. In the future, BounceBit is expected to become a leader in the BTC Re-Staking field, guiding the industry to higher levels of development.
