BB Token: Governance and Incentives
The BB token plays a key role within the BounceBit ecosystem by supporting several essential functions. It is primarily used in the dual-token Proof-of-Stake (PoS) system—alongside Bitcoin (BTC)—to help secure the network. Validators stake either $BB or BBTC (Bitcoin-backed tokens) to participate, earning rewards while maintaining network stability. Beyond staking, $BB also serves as the native gas token, powering transactions, and the execution of smart contracts on BounceBit’s fully EVM-compatible blockchain.
