Recently, Bitcoin has broken through $80,000! Be sure to pay attention to Bitcoin ecological tokens like BounceBit (BB), which have a high potential for following the trend!$BB
I. Company Overview
BounceBit (BB), an emerging enterprise officially launched on HIBT on May 13, 2024, focuses on building BTC Re-Staking infrastructure. The company is committed to providing a solid foundational support for various re-staking products, with its blockchain platform carefully crafted as the core showcase for re-staking products within the BounceBit ecosystem. Through deep cooperation with regulated custody services such as Mainnet Digital and Ceffu, BounceBit adopts an innovative CeFi (Centralized Finance) + DeFi (Decentralized Finance) framework that allows BTC holders to earn substantial returns across multiple blockchain networks.
II. Development History
2022: BounceBit was officially established and began drafting the blueprint for BTC Re-Staking infrastructure.
2023: The company further improved its blockchain infrastructure and established partnerships with several regulated custody service providers to ensure the security and compliance of user funds.
2024: BounceBit made significant progress, with total on-chain locked value (TVL) reaching $500 million and user numbers surpassing 100,000, marking its leading position in the BTC Re-Staking field.
III. Project Highlights
Staking Mechanism: BounceBit's staking mechanism allows users to participate in a dual-token PoS (Proof of Stake) system, earning additional returns by staking BB tokens. This mechanism not only enriches users' earning channels but also enhances the stability and security of the network.
Dual-Token PoS: The dual-token PoS mechanism is a major innovation of BounceBit, allowing each validator to accept both BBTC (a BTC-based re-staking token) and BB tokens as collateral simultaneously. This mechanism expands the stakeholder base and improves the network consensus resilience and security.
Liquid Custody: BounceBit introduces the concept of liquid custody, allowing pledged assets to maintain liquidity while providing more opportunities for earning returns. Users will receive a liquid custody token (LCT) representing the value of their assets under regulated custody after depositing into BounceBit.
IV. Token Economy
Total Supply: 2.1 billion tokens$BB
Initial Circulation: 409.5 million tokens (19.5% of total supply)
Token Distribution:
Binance Megadrop: 8% (for marketing and user incentives)
Liquidity Providers: 3% (for incentivizing liquidity providers)
Testnet Incentive: 4% (for rewarding testnet users)
Advisor: 5% (for hiring industry experts for consultation)
Team: 10% (for incentivizing and rewarding core team members)
BounceClub and Eco Reserve: 14% (for supporting BounceClub community and ecological development)
Investors: 21% (for attracting and rewarding early investors)
Staking Rewards: 35% (for rewarding staking users)
V. Future Outlook
BounceBit will continue to improve its infrastructure and attract more users to participate in its ecosystem. As the number of users and TVL continues to grow, the company will expand its service offerings to provide holders with more diversified earning opportunities. At the same time, BounceBit will closely monitor industry dynamics and technological trends to continuously optimize and innovate its products and services, maintaining its leading position in the BTC Re-Staking field.
As a leader in BTC Re-Staking infrastructure, BounceBit offers BTC holders more diversified earning channels by integrating CeFi and DeFi frameworks. With innovative technology and compliant regulated custody services, the company is committed to creating a secure, efficient, and flexible re-staking ecosystem for users. In the future, BounceBit is expected to become a leader in the BTC Re-Staking field, driving the industry to higher levels of development.
