BounceBit has unveiled PrimeID, a universal Web3 identity system designed to simplify how users interact with DeFi, NFTs, and cross-chain applications.
PrimeID allows users to create a single on-chain identity tied to their BounceBit wallet. Instead of juggling multiple addresses and logins, users can link their activities under one unique PrimeID name making DeFi participation smoother and more social.
The system integrates features such as:
Reputation Scoring: Users build a trust profile based on their history of staking, lending, and governance participation.
Cross-App Portability: PrimeID works across all dApps in the BounceBit ecosystem, from PrimeSwap to NFT marketplaces.
Privacy Options: Users can choose between fully public activity or encrypted identity layers for sensitive actions.
Already, over 60,000 PrimeIDs have been registered in the first week, with top community members competing for rare three-letter IDs. Developers are also tapping into PrimeID’s APIs to build apps with identity-driven rewards, such as loyalty programs and NFT-based membership clubs.
By merging social elements with DeFi utility, PrimeID positions BounceBit as more than a blockchain — it becomes a digital identity hub for the Bitcoin-native Web3 economy.
Experts believe this could significantly enhance user stickiness, as PrimeID makes DeFi less intimidating for new users while offering gamified incentives for veterans.