BounceBit is a BTC staking chain with an innovative CeDefi framework. Through a CeFi + DeFi framework, BounceBit helps BTC holders profit from a variety of sources. The $BB token has several uses on the BounceBit platform:

1.Staking: Stake $BB to actively participate in the PoS two-token staking mechanism. Incentive protocol: Tokens are paid as staking rewards to validators securing the network.

2.Gas: $BB is the unit of gas fees required to make transactions and execute smart contracts. Governance: Use $BB to participate in on-chain governance, for example voting on protocol upgrades .

3.Currency: $BB can be used as currency on the BounceBit platform, used in various applications and infrastructure.

4.BounceBit Layer 1 includes the following components:

Dual-token PoS: Hybrid consensus mechanism where each validator can accept both $BBTC and $BB.Native LSD module: A module that allows assigning staking to validators and receiving an LST token (stBBTC, stBB) in return .

5.BounceBit also has a basic CeFi layer that includes the following components:

Regulated Custody: All user assets are stored in secure solutions using MPC wallets. Off-Exchange Settlement (OES): OES allows secure access to CEX liquidity, while transactions are settled decide on the floor.

The project has raised 7.98 million USD from the previous fundraising event. The total supply of $BB is 2,100,000,000 and the circulating supply upon listing will be 409,500,000 (19.50% of total token supply). BounceBit aims to bring the combined benefits of transparent CeFi and DeFi to the masses, helping BTC generate better returns and wider adoption. 🚀🌟