So bullish!!!
Let's dive into BounceBit - the first ever BTC Restaking Platform and the first Binance Megadrop through analysis and price prediction from BSC Daily!
#BOUNCEBITLAUNCHPOOL #MEGADROP
In this post, we cover:
I. Overview of BounceBit
II. $BB Use Cases
III. Price Prediction
IV. Difference between Megadrop & Launchpool
V. How to join Megadrop
I. BOUNCEBIT OVERVIEW
Description
BounceBit is the first ever native BTC restaking chain. The network is secured by Bitcoin and native BounceBit token staking. The project’s Proof-of-Stake mechanism provides a new dual-token staking system, using BTC security with full EVM compatibility.
Achievements (from BounceBit Website):
$1.015B in TVL
215K+ Users
$6M in fund raised and 2 strategic rounds from Binance Labs and OKX Ventures
36.58M total transaction on BB Chain
3.11M total unique addresses on BB Chain
Our thoughts: BounceBit introduced a new asset-oriented strategy, distinguishing itself from conventional Layer 2 solutions, linked exclusively to the Bitcoin blockchain.
Unlike these solutions, BounceBit operates as an independent Layer 1 Proof of Stake (PoS) ecosystem. Validators in this distinct network are required to commit their BounceBit tokens along with Bitcoin, establishing a dual-token security framework. This not only fortifies the network but also boosts the inherent value of by incorporating it in the validation process.
II. $BB USECASES
Staking to actively participate in the PoS Dual-token staking mechanism
Reward to validators who secure the network
Gas fee on BB Chain
BB can be used as liquid and universal currency on the BounceBit platform
On-chain governance voting
III. PRICE PREDICTION
Compared with other projects in restaking narratives, $ETHFI $REZ, the average market cap of these projects is around $340M. We think $BB will be around this market cap of $205M - $280M in the current state of market despite the FOMO of BTC restaking narrative.
Initial Circulating Supply When listed on Binance of $BB is 19.5% ( 409.5M $BB), therefore, the price of $BB could be around 0.5–0.7$.
IV. DIFFERENCE BETWEEN MEGADROP & LAUNCHPOOL
How to join Megadrop
First, you need a Binance Account.
If you don't have a Binance account, register via the below link to get a 20% discount trading fee 👇
How to be eligible for Megadrop:
KYC on #Binance
Users in Campaign Regions
Snapshot period: 26/04 - 13/05
Participate in Megadrop Campaigns.
There are two ways to participate (joining both is recommended):
2.1. Staking BNB
Go to your Binance App on Phone
Find Megadrop, Scroll down to "Lock BNB" Section.
The more $BNB + the longer you lock, the more score you get.
What are you waiting for? Start locking your BNB NOW 👇
2.2. $BTCB Quests - Binance Web3 Wallet
Go to your Binance App, Click on the Wallets section (bottom right corner)
Click on WEB3 tab to open Binance Web3 Wallet
Create a wallet and Deposit around $10 BNB to your wallet.
Swap $8 BNB to BTCB - on BEP20 on Binance Web3 Wallet and deposit to @BounceBit Dapp (Explore Section - Popular Dapps)
Verify @BounceBit Quests
Go back to Binance Megadrop on Binance Dapp, Scroll Down, and click "Verify".
The system will show "Completed"
What are you waiting for? Start creating your Binance Web3 Wallet and complete the quest NOW (cost you only $10 maximum) 👇