1. Native Bitcoin Restaking Network with BTC Security and a Compatible EVM Interface
— BounceBit is the first L1 network to enable direct restaking of Bitcoin, using a Dual-Token Proof of Stake (DTP) mechanism, where users lock both $BB and BBTC to secure the network. This mechanism enhances the security derived from Bitcoin, with full EVM support to facilitate the creation of dApps in the same Ethereum environment.
2. Dual Staking Mechanism Increases Network Security and Stakeholder Diversity
— The network requires validators to stake both the native token BB and BBTC (Bitcoin wrapped on the network), providing an additional layer of security and attracting a diverse group of stakeholders to the platform's security.
3. Combining CeFi and DeFi for a transparent and profitable financial experience
— BounceBit offers a framework that combines the regulatory strength of CeFi with the flexibility of DeFi, such as custodial and avenues for clear and transparent returns, backed by institutions like Mainnet Digital and Ceffu.
4. Rapid growth and strong investor confidence from major investors
— The platform raised $6 million in a seed funding round led by Blockchain Capital and Breyer Capital, and then received strategic support from OKX Ventures, reflecting strong confidence in its ability to expand the use of Bitcoin in DeFi.
5. Token balancing with long-term incentive mechanisms and strategic distribution
— The total supply of $BB tokens is limited to 2.1 billion tokens.
35% of these are allocated to staking rewards and delegation programs over a 10-year period.
Distribution is allocated to investors, the team, advisors, and programs like Binance Megadrop. These distributions promote sustainable growth, balance saturation and network expansion.
BTC + EVM Security: Native restaking of BTC with Ethereum compatibility
Double staking: Enhanced security with a multi-token ecosystem
CeFi and DeFi integration: Transparent returns and integrated financial products
Strong institutional support: Investments from major networks such as Blockchain Capital
Balanced distribution and long-term incentives: Token distribution that ensures sustainability and growth