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BounceBit is an innovative cryptocurrency platform that makes it easy for Bitcoin holders to earn income. BounceBit is based on a CeDeFi (Centralized Decentralized Finance) architecture that combines the features of centralized and decentralized finance. As a result, BounceBit offers various tools that allow users to utilize their Bitcoins more efficiently, thus helping them to earn more income.
BounceBit enables its users, namely Bitcoin holders, to earn additional income by re-staking their Bitcoins, which means locking them for a certain period of time. The dual token Proof of Stake (PoS) mechanism offered by BounceBit rewards validators, known as validators, to ensure network security.
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BounceBit is based on an architecture that combines the features of centralized and decentralized finance. What is its abbreviation?
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