BounceBit (BB) first day performance and new features highlights
Yesterday, BounceBit (BB) welcomed its launch day. At 8am, the Megadrop event ended; at 10:30am, users could check the number of BB airdrops and claim Premium Yield; at 4:30pm, BB airdrops began to be distributed; at 6pm, BB was officially launched on the Binance exchange, and the BounceBit mainnet was launched. As an independent Layer1 network, BB acts as a gas fee token in the BounceBit chain.
In addition, the BounceBit mainnet has launched a series of new features, allowing users to stake and delegate nodes, generate Premium Yield, and manage liquidity custody through its portal.
However, BounceBit (BB) performed well after its launch. As of 20:00 on the 13th, the price of BB fell back to around $0.49, which was a rather flat performance. The airdrops issued by the staking project also received varying degrees of feedback: 1,000 points received 70 BBs, while users who pledged 20 oil only received 3 BBs. As it is a new project, many users encountered various problems. The following summarizes some common problems for your reference.
BounceBit is a re-staking project built on the Bitcoin ecosystem. Its goal is to enable BTC to generate organic staking rewards by creating a brand new ecosystem - BounceBit Chain.
BounceBit's core innovation lies in its BTC re-staking mechanism, which is the key to driving the development of the project. BounceBit will build a series of infrastructures to explore the application of re-staking on various Bitcoin types. These infrastructures include side chains, oracles, bridges, virtual machines, and data availability layers. The goal is to support the entire framework through re-staking and aggregating shared security.
BounceBit redefines Bitcoin's role in the blockchain ecosystem by integrating it into a first-layer network based on Proof of Stake (PoS). BounceBit not only expands the utility of the world's first cryptocurrency, but also pioneers a token economic model that promises scalability, security, and inclusion.
BounceBit: An innovative solution for the BTC ecosystem
How to effectively utilize BTC has always been the focus of its ecology, and different project parties have their own solutions. BounceBit proposed a simple and direct solution to create value by focusing on BTC revenue. In less than half a year, BounceBit has become the first project of Binance Megadrop, demonstrating its team's strong ability in resource operation and integration.
However, the key to measuring BounceBit’s true success lies in whether its SSC (Secure Shared Chain) can be well developed in the long run. Although the current performance is impressive, future development still needs to be continuously observed.
FAQs
How to redeem BTC in BB?
To redeem the BTC pledged in BB, you only need to pay the BNB handling fee. The specific steps are as follows:
Open BB’s Dapp and connect your Web3.0 wallet.
After entering the Dapp, find the “Withdraw” option on the interface.
After submitting the redemption request, wait about 18 days for the BTC to arrive.
How long does it take to get the pledged BTC back?
It usually takes 18 days.
Do I need to redeem the BNB I deposited regularly?
If you hold BNB for a long time, there is no need to redeem it. Megadrop may launch a second phase, and BNB can also participate in mining regularly.
Why can't I see the BB I received?
When checking your account, do not check "Hide assets less than $1" so that you can see the BB you received.