Main Features and Functions of BounceBit:
Native Blockchain:
BounceBit has its own independent public chain, rather than relying on the underlying technology of Bitcoin.
Dual Token PoS Mechanism:
BounceBit uses two tokens: BTC and BB, to jointly maintain the security of the network.
Restaking Mechanism:
BounceBit allows users to stake BTC to obtain certificates (such as BBTC), which can be used to stake BB tokens or participate in other ecosystem applications, such as oracles and cross-chain bridges.
Multi-Strategy Asset Management:
BounceBit provides multiple sources of yield for users' BTC assets by collaborating with CeFi institutions.
Binance Megadrop Support:
The BB token of BounceBit will be listed on Binance's Web3 wallet token issuance platform Megadrop, further increasing its visibility.