Last year, the @BounceBit and $BB that participated in the Binance megadrop are back at it again.
BounceBit is a re-staking project built on the Bitcoin ecosystem, aiming to create a brand new ecosystem—BounceBit Chain—to allow BTC to generate organic staking rewards.
BounceBit Chain is designed to showcase re-staking products within the BounceBit ecosystem. It is a PoS Layer 1, where validators stake BTC and BounceBit's native token for security—this is a dual-token system that utilizes the native security of Bitcoin and is fully compatible with EVM. It enables BTC holders to earn yields across multiple networks.
BounceBit's seed round raised $6 million, led by Blockchain Capital, with another strategic funding round in January this year.
The total supply of BB tokens is 2.1 billion, with an initial circulation of 409 million, representing an initial circulation rate of 19.50%. The current token price is 0.1048#BB #BounceBitPrime .
