1. Native Bitcoin redeposit network with Bitcoin security and EVM-compatible interface
— BounceBit is the first L1 network enabling native Bitcoin redeposit directly, using a dual proof of stake mechanism (DTP), where users lock both $BB and BBTC to secure the network. This mechanism enhances security derived from Bitcoin, with full EVM support to facilitate the creation of decentralized applications (dApps) in the Ethereum environment.
2. The dual deposit mechanism enhances the network's security and stakeholder diversity
— The network requires validators to deposit both the native BB token and BBTC (wrapped Bitcoin on the network), providing an additional layer of security and attracting a diverse range of stakeholders to the platform's security.
3. Combining Centralized Finance (CeFi) and Decentralized Finance (DeFi) for a transparent and profitable financial experience
— BounceBit offers a framework that combines the regulatory strength of CeFi and the flexibility of decentralized finance, such as custody services and avenues for clear and transparent returns, supported by institutions like Mainnet Digital and Ceffu.
4. Rapid growth and strong confidence from key investors
— The platform raised $6 million in a seed funding round led by Blockchain Capital and Breyer Capital, and then received strategic support from OKX Ventures, reflecting strong confidence in its ability to expand the use of Bitcoin in decentralized finance.
5. Balancing tokens with long-term incentive mechanisms and strategic distribution
— The total supply of BB tokens is limited to 2.1 billion tokens.
35% of it is allocated for storage rewards and delegation programs over a span of 10 years.
The distribution is allocated to investors, the team, advisors, and programs like Binance Megadrop. These distributions promote sustainable growth, balance saturation, and expand the network.
1. Native Bitcoin redeposit network with Bitcoin security and EVM-compatible interface
— BounceBit is the first L1 network aiming to redeposit native Bitcoin, using the ninth staking establishment mechanism (DTP), where users are fully locked out of BB and BBTC to secure the network. This initiative enhances security derived from Bitcoin, with full EVM support to facilitate the creation of decentralized applications (dApps) in the Ethereum environment.
2. The previous writing mechanism enhances the network's security and diversity
- The network requires validators to deposit both the native BB token and BBTC (wrapped Bitcoin on the network), providing additional security and attracting a diverse range of stakeholders to the security platform.
3. Centralized Finance (CeFi) and Decentralized Finance (DeFi) conference for a premium and profitable financial experience
— Access to the BounceBit framework combines the overall strength of CeFi and the flexibility of decentralized finance, such as custody services and avenues for transparent and clear returns, backed by work like Mainnet Digital and Ceffu.
4. Quick documentation for key investors
— The platform achieved six million in a seed funding round led by Blockchain Capital and Breyer Capital, and then received new support from OKX Ventures, demonstrating strong confidence in achieving goals in the scope of Bitcoin usage in decentralized finance.
5. Accounting for calculators with long-term and diverse incentives
— The total supply of tokens is set at 2.1 billion tokens.
35% of it is allocated for research and advertising for over 10 years.
A dedicated area for investors and the advisory team like Binance Megadrop. These distributions promote sustainable growth and balance saturation in the network.