Is the BTC ecosystem underestimated? The Bitcoin market is retracing, and the key is to lay out BTC-related sectors to get the next wave of fish!
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An article explains why we should pay attention to BounceBit again (entry plan at the end of the article)
What does BounceBit do?
BounceBit is committed to providing BTC Restaking solutions and providing a base layer for different Restaking products. It adopts a dual-currency hybrid POS mechanism. The block network is jointly maintained by $BBTC and BounceBit's native token $BB, combining the security of Bitcoin and being fully compatible with EVM. #BBCeDeFi
BounceBit's advantages? $BB
1. The income provided by BounceBit to pledgers mainly comes from the arbitrage of funding rates.
2. Safe asset appreciation scheme
1. CeFi+DeFi parallel income mechanism BounceBit combines the higher profits of CeFi (centralized finance) with the on-chain transparency and security of DeFi (decentralized finance). CeDeFi is both BounceBit's innovation and core competitive advantage. BounceBit ensures that its platform is technically compatible with other major blockchain protocols (such as Ethereum, Binance Smart Chain, etc.). . Users can use such LTC or its native token BB for staking to obtain certain POS income and LSD of stBB\stBTC. Users can then re-stake based on these stBB\stBTC to further obtain the income from re-staking, achieving "one fish, three meals"!
2. Efficient and stable multi-currency income source
Key points:
Seriously underestimated BTC ecosystem
As the leader of the Bitcoin re-staking sector, BounceBit has no equivalent similar targets among the currencies already launched on Binance. We can compare BounceBit with Ethereum re-staking targets such as $ETHFI and $REZ.
Currently, BounceBit's market value is $126 million, and the token $BB is maintained at around $0.3.
How to participate:
You can do so by:
(1) Make sure your assets are ready on the BSC or Ethereum chain.
(2) Open the website navigation and select the "CeDeFi" tab to connect your wallet.
Trading plan:
You can open a position between 0.25-0.28 (behavior on the left)
The right side is to break through this range and enter the market when it falls back to 0.3