Why BounceBit could be a crypto with possibilities in the future? Well..
BounceBit is a Layer 1 blockchain that seeks to integrate Bitcoin into the DeFi ecosystem through a restaking system, allowing BTC holders to participate in staking without losing custody of their funds. It uses two tokens: BB, its native token, and BBTC, a token backed by Bitcoin, both used to secure the network under a Proof of Stake model. It is compatible with the EVM, which facilitates deploying smart contracts like in Ethereum, and operates within a hybrid CeDeFi model, combining regulated custody with access to decentralized services. It also introduces LCTs (custodied liquidity tokens), which allow the reuse of assets in multiple functions such as farming and staking. The network launched its mainnet on May 13, 2024, and included an initial airdrop to incentivize early adoption. Certainly worth analyzing to see if it is a good option when investing
