Red packets keep coming 🧧🧧
The model of BounceBit ($BB) is like adding a layer of 'application leverage' to the 'credit value' of Bitcoin.
Bitcoin, as the 'hard currency' of the cryptocurrency field, has consensus and market value as its core value, but its own functionality is relatively single (mainly a store of value). What BounceBit intends to do is to borrow this 'hard credit' to support a new EVM-compatible chain—allowing the security of Bitcoin to 'endorse' the new chain, while using $BB to carry the actual utility value of the new chain (such as gas fees, governance rights).
This is somewhat like using gold (Bitcoin) as the underlying collateral to issue a new, more flexible set of 'payment tools'.
#BB
