The first phase of Binance Megadrop#BounceBit (BB) will be officially launched on the 13th. Let’s learn more about Bouncebit (BB)
BounceBit (BB), a BTC re-staking public chain! This year's re-staking track is extremely hot!
1. Project Highlights
BTC Re-staking: Funds are secured through regulated custody services from Ceffu, Mainnet Digital, and Fireblocks. As assets generate interest through arbitrage strategies, users are rewarded with a BTC-pegged version called bounceBTC (BBTC), which can be delegated to node operators, who return the staked certificate (stBTC) to the staker. This liquid staked derivative can then be re-staked to other shared security clients (SSCs) such as sidechains, bridges, and oracles.
2. Dual-currency PoS: Dual-currency PoS is a hybrid consensus mechanism where each validator can accept BBTC and/or BB tokens at the same time. This system expands the stakeholder base and weaves an additional layer of resilience and security into the network consensus structure.
3. Liquid Custody: BounceBit introduces the concept of "Liquid Custody" to keep collateral assets liquid and provide more opportunities to earn returns. When users deposit assets into BounceBit, they will receive a Liquid Custody Token (LCT), which represents their assets being custodied at a 1:1 ratio. These tokens can be bridged to BounceBit and used further.
2024: Q1, TVL reaches 500 million per month.
2024: Q2, reach 100,000 early users in 2 months!
Summary of highlights:
Staking: Stake BB to participate in the dual-currency staking mechanism of Bounce Bit PoS.
Dual-Currency PoS: A hybrid consensus mechanism where each validator can accept both BBTC and/or BB tokens;
Native LSD module: This module allows delegating stake to validators and receiving LST certificates in return.
Compliant Custody: All user funds are stored in a secure custody solution through the MPC wallet.
OTC Settlement: OES can securely tap into CEX liquidity, while trades are settled OTC.
Price prediction: The total supply of BB is 2,100,000,000, and the circulating supply after listing is 409,500,000 (accounting for 19.50% of the total token supply). Blind guess is that the opening price will be between $0.75 and $1! As one of the few projects in the BTC re-staking track, I think it is worth a small look. 🤔
Official website: https://bouncebit.io
Official Twitter: @bounce_bit
Binance also has an event for new coins and new users this time.
$BB welfare giveaway!
Activity 1: Binance exclusive new user benefits are here! New users can share 70,000 BBs! New users who register and trade 100U will receive 20 BBs per person for the first 2,000 users, and users after 2,000 will share 30,000 BBs!
Activity 2: Invite existing Binance users to open a contract account and participate in contract trading, and share 42,000 BB! (Please read the details and rules carefully)
Exclusive registration link:Exclusive linkExclusive code: JR65ECDY
Event time: 8:00 on May 8, 2024 to 07:59 on May 15, 2024 (GMT+8)
Finally, what is Binance MegaDrop?
Binance Megadrop is a new token issuance platform that seamlessly integrates Binance Earn products with Binance Web3 Wallet, redefining the airdrop experience. Through Megadrop, users can be the first to participate in selected Web3 projects that have not yet been officially launched on Binance.
How to participate in the Binance Megadrop project?
Log in to your Binance account and go to [More] - [Megadrop].
Megadrop is not intended to be the spring for retail investors.#Launchpool There are not many users who can be mined. Remember to pay more attention to the new tasks on Megadrop in the future. This doesn’t cost money, right? You can earn it by spending some time, right? 😅
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