Here’s a **120‑word overview** of **#BounceBit ** and its native token **\$BB **:

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**BounceBit (#BB)** is a breakthrough Bitcoin-restaking Layer‑1 blockchain that merges **dual-token staking**—combining BTC and its native \$BB token—with a hybrid **CeFi + DeFi yield framework**, offering innovative earning opportunities on idle Bitcoin. Validators stake BTC and \$BB to secure the network, while users earn staking rewards and pay gas fees in \$BB.([Binance][1])

Launched via a **Token Generation Event** on **May 13, 2024**, BounceBit debuted at approximately \$0.35–\$0.40 per token, with around **19.5% (≈409.5 million tokens)** initially unlocked out of a **2.1 billion max supply**.([Tokenomist][2]) Token allocation includes 35% to staking rewards, 21% investors, 10% team, and 8% megadrop incentives.([audit.tokenomics.com][3])

Governance rights, gas payment, staking utility, and protocol incentives all depend on holding \$BB. Positioned as a bridge between Bitcoin security and EVM-compatible DeFi infrastructure, BubbleBit targets both institutional and retail users.([docs.bouncebit.io][4])

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Let me know if you’d like tokenomics breakdown, upcoming unlocks, or yield mechanics!

[1]: https://www.binance.com/en/research/projects/bouncebit?utm_source=chatgpt.com "BounceBit (BB)"

[2]: https://tokenomist.ai/bouncebit?utm_source=chatgpt.com "BounceBit (BB) | Tokenomics, Supply & Release Schedule"

[3]: https://audit.tokenomics.com/audits/bouncebit?utm_source=chatgpt.com "BB - BounceBit Full Tokenomics Audit Analysis"

[4]: https://docs.bouncebit.io/?utm_source=chatgpt.com "Welcome to BounceBit | BounceBit Documentation"