#bouncebitprime @BounceBit BounceBit is a novel CeDeFi (Centralized + Decentralized Finance) infrastructure and Layer-1 ecosystem designed to bring institutional-grade yield and restaking capabilities to Bitcoin holders, all while integrating decentralized finance features.

Key components of the platform include:

Dual-Token PoS Consensus: Validators stake a combination of BTC (or wrapped BTC forms like WBTC, BTCB) and the native $BB token, blending Bitcoin’s security with EVM-compatible staking.

Liquidity Custody Tokens (LCTs): Users deposit BTC, USDT, or other assets under regulated custody (via partners like CEFFU), receiving LCTs in return that represent their holdings and remain liquid for use in on-chain DeFi operations.

BounceClub & App Store-Style Ecosystem: A user-friendly, no-code environment for creating DeFi experiences, releasing memecoins, and tapping into GameFi tools through an App Store-like interface.Bitcoin-native utility Lets BTC holders earn yield without giving up security or decentralization.

Seamless CeFi–DeFi bridge Liquidity Custody Tokens retain the benefits of both worlds.

User-first design Build DeFi services via BounceClub’s no-code ecosystem.

Institutional-grade tools Access delta-neutral strategies and tokenized yield efficiently.

Strong backing & traction Rapid TVL growth and major seed investments highlight its momentum.From CoinLaunch insights:

Total Raise: $6 million (Feb–Apr 2024)

Token Distribution:

Investors: ~21%

Team: ~10%

Advisors: ~5%

BounceClub & Ecosystem Reserve: ~14%

Staking Rewards & Delegation: ~35%

Liquidity Provision, testnet incentives, and others make up the rest.