BounceBit is a BTC restaking chain with an innovative CeDefi framework. Through a CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple sources.

The $BB token has several uses on the BounceBit platform:

Staking: Stake $BB to actively participate in the PoS dual-token staking mechanism.

Protocol Incentive: The token is paid out as staking reward to validators who secure the network.

Gas: $BB is the denomination of the gas fees that are required to conduct transactions and execute smart contracts.

Governance: Use $BB to participate in on-chain governance, e.g. voting on protocol upgrades.

Currency: $BB can be used as currency on the BounceBit platform. It can be used in various applications and infrastructure, as medium of exchange or store of value.

BounceBit’s Layer 1 consists of the following components:

Dual-token PoS: A hybrid consensus mechanism where each validator can accept both $BBTC and $BB tokens;

Native LSD module: A module allowing the delegation of staking to validators and receiving a LST voucher in return.

BounceBit has a foundational CeFi layer which consists of below components:

Regulated Custody: All user funds are stored in secure custody solutions utilizing MPC wallets.

Off-Exchange Settlement (OES): OES enables safe access to CEX liquidity, while transactions are settled off-exchange.

The project has raised 7.98M USD from its past 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 the total token supply).#binanace #dubai