BB is the native utility token of the BounceBit protocol. It plays a key and multifunctional role in the ecosystem, providing security, governance, incentives, and the functioning of the platform.
Utility of the BB Token:
Staking and Network Protection:
Dual PoS System: A key feature of BB is participation in the dual staking Proof-of-Stake (PoS) mechanism of the BounceBit network. Validators must stake both BTC (or LCT) and BB tokens to ensure security and verify transactions.
Validator Rewards: Validators who actively participate in securing the network receive rewards in BB tokens.
Gas for Transactions (Gas Fees):
BB tokens are used to pay transaction fees on the BounceBit network. This creates a constant demand for the token as network activity increases.
Governance:
BB token holders have voting rights in the governance of the BounceBit protocol. This allows them to participate in making key decisions regarding future network updates, protocol parameter changes, and treasury fund allocations.
This governance mechanism aims to create a decentralized and community-driven protocol.
Protocol Stimulation:
BB is used to incentivize various participants in the ecosystem, including those providing liquidity, engaging in DeFi activities, or assisting in the growth of the protocol.
Medium of Exchange:
The BB token serves as the primary medium of exchange in the BounceBit ecosystem, facilitating interaction between various dApps and services built on the chain.
BB Tokenomics:
Max Supply: The total maximum supply of the BB token is 2.1 billion (2,100,000,000) tokens. This number is symbolically chosen to reflect Bitcoin's maximum supply of 21 million, emphasizing BounceBit's connection to the BTC ecosystem.
Circulating Supply: As of the end of July 2025, the circulating supply is approximately 684.25 million BB.
Token Distribution (total distribution, exact % may vary):
Binance Megadrop: A significant portion of tokens was distributed through the Binance Megadrop program (around 16%), allowing a wide range of users to obtain tokens and contributing to the decentralization of ownership.
Staking/Rewards: A portion of tokens is allocated for staking and other rewards within the ecosystem.
Team and Investors: Shares for the team and early investors, often with vesting schedules (e.g., 12-month cliff and 20-month linear vesting) to ensure long-term commitment and prevent sharp price drops.
Treasury/Ecosystem: Reserves for further development of the protocol, partnerships, and stimulating growth.
Liquidity: To ensure liquidity on exchanges.
The BB token is the cornerstone of the BounceBit economy, ensuring its security, functionality, and decentralized development, as well as providing BTC holders with new income opportunities.