BounceClub is an on-chain Web3 domain that enables users to design, launch, and enjoy decentralized applications (dApps) in the BTC ecosystem. BounceClub acts as a central hub that allows users to tailor Web3 projects to their specific needs by choosing from a variety of tools and components from the BounceBit App Store.
BounceClub’s components include the BounceBit App Store, a comprehensive repository of Web3 components such as decentralized exchanges (DeX), initial DEX products (IDOs), and marketplaces, all of which are vetted for security and efficiency. In addition, it includes auxiliary tools for bot prevention and artificial intelligence for customer service, as well as essential security plugins. BounceClub, combined with the BounceBit App Store, democratizes the dApp development process, making it accessible and manageable to everyone, regardless of their technical expertise.
How BounceClub Works
If you qualify to claim and own a BounceClub, setting it up is simple: choosing the protocol you want from the BounceBit App Store is as easy as downloading an app on the iPhone's App Store, and no coding is required. In other words, customizing BounceClub is very friendly to both developers and individuals without coding skills.
For those who don't own BounceClub, you can browse BounceClubs created by others and participate in the various Web3 activities on offer.
Developers are invited to submit their smart contracts to be listed as plugins in the BounceBit app store, a process similar to publishing apps on the iOS App Store. Developers can choose from four different deployment modes for their smart contracts: 1) free for everyone; 2) limited to one or selected BounceClubs; 3) implement deployment fees; 4) provide rewards, such as airdrops, to BounceClub owners who deploy contracts.
Business model and concept
BounceClub’s business model draws inspiration from Apple’s integrated approach to technology and user experience and applies it to Web 3. This model positions BounceBox as a central, multi-functional hub within the BounceBit ecosystem, much like the symbiotic relationship between iOS and iPhone hardware in Apple’s strategy.
Learn from Apple’s comprehensive approach
User-centric integration: At its core, BounceClub is all about creating a seamless, intuitive user experience. It echoes Apple’s philosophy of putting users first, ensuring that every interaction within BounceClub is easy and satisfying. This approach is friendly to both newbies and Web3 experts.
Versatility through innovation: Just as Apple revolutionized personal technology by integrating diverse applications and services through iOS, BounceClub brings this spirit to the blockchain world. It provides a dynamic platform where users can easily customize their on-chain space and Web3 functions, reflecting the innovative spirit and versatility that Apple is famous for.
Unified Foundation: As the unifying foundation within the BounceBit ecosystem, BounceClub reflects Apple's strategy to create a connected environment. This foundation enhances the user experience by providing an easy-to-navigate hub for all BounceBit-related activities.
Economic personality and token economics for each club
Customizable Economic Ecosystem: Each BounceClub allows creators to build a unique economic ecosystem, similar to a personalized Web3 space with its own set of token rules. Customization enables creators to adjust the economic characteristics according to their projects, giving each space its unique identity and operating model.
Freedom of Economic Framework Design: The flexibility to design the economic framework is a cornerstone of the BounceClub model. Creators are empowered to build a structure that aligns with their vision, contributing to a diverse and innovative landscape within the platform.
Advanced Economic Data Utilization
ZK-provable economic data: BounceClub uses ZK-provable economic data to provide transparent and reliable information to creators and users. This feature plays an important role in shaping the economic mechanisms of each DeFi space, including elements such as time-weighted average price (Twap).
Trusted and Transparent Operations: Implementing ZK-provable economic data ensures that financial operations within BounceClub are transparent and reliable. The result is increased user trust and active engagement.
BounceBit App Store
Accelerate dApp development and enhance the composability of the ecosystem
The BounceBit App Store offers a diverse selection of Web3 protocols — from DeFi and SocialFi to games and AI — enabling BounceClub owners to integrate Web3 functionality into their clubs to increase user engagement.
The protocols currently listed on the BounceBit App Store include:
Bitstaking:
Bitstaking is an application for everything related to staking. It facilitates yield generation by supporting staking of multiple tokens (in addition to BTC and stablecoins). Bitstaking can serve as the foundation of your BounceClub as it is an easy way to securely stake and lock your tokens.
BounceClub owners can easily add Bitstaking to their clubs, providing club members with a convenient way to earn yield while increasing the credibility, stability, and security of BounceClub.
Bitswap:
Bitswap acts as an automated market maker (AMM) that provides token swap functionality and liquidity provision. The formula is simple: x * y = k. The price is determined by the amount of each token in the pool, and x and y represent the two tokens in the liquidity pool. No intermediaries are required. Bitswap allows your club to have its own decentralized exchange (DEX).
When adding Bitswap to their club, BounceClub owners can choose which types of tokens they wish to support for token swaps. Users interacting with Bitswap within BounceClub can swap any supported token and manage liquidity. Each trade in the liquidity pool is charged a 3% fee based on the amount of tokens swapped.
Bitstable:
Bitstable is a decentralized lending protocol that enables users to obtain interest-free loans by pledging BTC. Loans are paid in stablecoins, which can be pledged in stablecoin pools, participating in the lending and liquidation process to earn returns. Bitstable has created a more capital-efficient and user-friendly way to borrow stablecoins. Stable value assets are an important element of decentralized applications and are suitable for a variety of transactions.
When adding Bitstable to their club, BounceClub owners can choose an existing stablecoin available in the BounceBit app store, or add a new stablecoin by entering its symbol.
Bitleverage:
Bitleverage is a decentralized perpetual quantitative smart contract that allows users to open long or short contracts by staking any supported token. The first highlight feature of Bitleverage is its perpetual nature, which means that the contract has no expiration date and the position can be kept open as long as the margin requirements are met. "Quant" is a financial term used to describe a derivative whose underlying security is denominated in one currency, but the derivative itself is settled in another currency at a fixed exchange rate. These derivatives are particularly useful for hedging and managing currency risk. The "Quant" feature allows users to stake assets on blockchains that are not native to the BounceBit network.
Quantitative derivatives include:
Quantitative futures contracts: Futures contracts that expose investors to price movements of an index or commodity, but without any currency risk.
Quantitative options: Similar to futures contracts, quantitative options allow investors to position assets without exposing themselves to currency risk.
Quantitative swap: This is an interest rate swap in which one party pays a foreign interest rate to the other party, but the notional amount is denominated in domestic currency.
When adding Bitleverage to their club, BounceClub owners can choose which types of tokens they wish to support for staking.
Club Creation Guide Creating a BounceClub within the BounceBit ecosystem is an innovative and creative journey, providing users with the opportunity to conveniently build their own decentralized applications. Here is a comprehensive guide to getting and setting up your BounceClub: Claim your BounceClub on TESTNET Prerequisite: You must have participated in the early access (Water Margin TVL Event). Early access will last until the mainnet launch in April. Once you join and deposit at least $10 worth of any supporting tokens, you will be eligible to claim your BounceClub retroactively within 24 hours. You need to claim Testnet BB tokens before creating a Club. You can claim them on the BounceBit official Discord. After claiming the test BB, create a club as follows
Step 1: Visit https://app.bouncebit.io/claimclub
Step 2: Link your wallet
Step 3: Check the legitimacy of the wallet
Step 4. Click the Create Club button
Step 5. Select Project Club (Currently the test network only supports Project Club)
Step 6: Upload your profile picture, club name and profile
Step 7: Wallet Confirmation
Wait for the network to confirm success. The current test network is not stable and prone to failure. Try a few more times.
Add an application to BounceClub:
BounceClub is cleverly designed as a no-code or low-code platform suitable for both experienced developers and those new to blockchain development. It enables owners to easily publish their decentralized applications by leveraging a range of pre-built components available in the app store. For those seeking a customized experience, BounceClub offers the flexibility to create and integrate custom components. Once these custom elements are built, they can be seamlessly integrated into the BounceBit app store for wider access, or deployed through third-party platforms, ensuring that every club owner has the tools they need to realize their vision.
Getting Started:
Sign up for an account: Start your BounceClub journey with a simple sign-up process and lay the foundation for your future dApp development.
Customize your club: Provide detailed information about your club and customize it according to your needs. This step involves planning the scope and custom features of your dApp.
Choose DeFi Modules: Choose from a variety of DeFi modules in the BounceBit App Store library. These modules can be configured to match the goals of your project.
Optimize your economic model: Create the most suitable financial dynamics for the economic environment of your club’s dApp.
Launch your dApp: Once all elements are in place, click the launch button to make your vision a reality and see your dApp running within the BounceBit ecosystem.
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