Can this bull market reach $1? $5? Even $10? Be bold, everything is possible!
🔥What is BounceBit? Where is the potential for explosion?
Simply put, BounceBit is a BTC re-staking public chain that is mainly dedicated to solving a series of problems such as Bitcoin asset interest generation, inefficient utilization of idle BTC, lack of innovation, and high gas fees.
The ultimate pursuit of BTC is to open up a new path for human economic development and create a new monetary system that can cope with financial crises. According to incomplete statistics, the value of BTC that is not circulated and has not yet released its potential in the market has exceeded 850 billion US dollars.
BTC big holders have a strong desire to earn interest and manage their money. They urgently need a safe way to make their BTC “lay eggs”.
BounceBit can meet this need, and users can reap triple benefits:
1. CeFi income obtained through the native assets of the centralized exchange sub-accounts.
2. DeFi revenue gained through interactions on the BounceBit chain.
3. Profits from staking BBTC + BB and re-staking the LST generated after staking.
This is the core competitiveness of BounceBit. Its advantages and explosive potential are reflected in:
4. The mechanism is unique, adopting a dual Pos staking system to ensure security by staking BTC tokens and BounceBit network native tokens.
5. Its architecture is fully compatible with the Ethereum Virtual Machine (EVM) and Solidity language, which enables a large number of ETH projects to migrate to the BTC ecosystem without any obstacles.
6. The Cefi + Defi mechanism has good TVL growth potential.
For long-term holders of BTC, they can obtain triple benefits while also ensuring security.
For ecological projects, the growth potential of TVL is its room for explosion, so building projects on this chain is a good choice.
This is also the reason why BounceBit was able to attract Blockchain Capital, OKX Ventures, HTX Ventures and Binance Lab to participate in the investment. The project raised a total of US$7.98 million, which is a luxurious investment lineup.
🔥BB’s token model
BB token is the native token of BounceBit chain and has the following uses:
Network Gas: BB can be used to pay for the Gas fees required to conduct transactions and execute smart contracts.
Network governance: Use BB to participate in on-chain governance, such as voting on protocol upgrades.
Staking: Stake BB to participate in BounceBit PoS's dual-currency staking mechanism.
Protocol Incentives: Tokens are issued as staking rewards to validators who ensure network security.
Currency: Used as currency on the BounceBit platform, applied to various dapps and infrastructures, serving as a medium of exchange or value storage.
Token name: BB ($BB)
Initial circulation: 409,500,000 $BB (19.5% of the maximum token supply)
Total Token Supply: 2,100,000,000 $BB
