What BB & BounceBit are about
BounceBit is a Bitcoin restaking/“CeDeFi” infrastructure layer: it aims to combine the security/backing of Bitcoin with DeFi-style features (EVM compatibility, restaking, yield strategies).
The BB token is the native utility/governance token for the protocol. Some highlights:
Total supply is 2,100,000,000 BB tokens.
Circulating supply at launch: ~409.5 M, ~19.5% of total supply.
Token allocation:
35% of supply is allocated to staking rewards.
Other allocations: investors (~21%), team (~10%), ecosystem/reserves (~14%), etc.
The token’s uses: staking incentives, participation in the ecosystem (e.g., restaking Bitcoin, vaults), capturing value from platform fees & buybacks.
Example: BounceBit launched “BB Prime” (structured yield product for real‐world assets) and mentions a multi-year buyback program for BB.
