#BounceBit
The BounceBit event on Binance revolves around the launch of BounceBit (BB), a platform focused on BTC re-staking and combining centralized finance (CeFi) and decentralized finance (DeFi) solutions. This initiative aims to enhance Bitcoin's utility by introducing yield-generating opportunities and a dual-token Proof-of-Stake (PoS) system. BounceBit enables users to stake BTC alongside BB tokens for network security and rewards.
The event is part of Binance's Megadrop program, where participants can earn BounceBit (BB) tokens through activities like locking Binance Coin (BNB) for specified durations or completing Web3 Quests via the Binance Web3 Wallet. Rewards are calculated based on a scoring system that includes locked BNB scores and quest completion bonuses. Approximately 168 million BB tokens (8% of the total supply) have been allocated for this campaign.
If you're interested, ensure you meet the eligibility criteria, such as completing KYC and having an active Binance Web3 Wallet. For more details, visit the Binance support pages or the BounceBit project site.