The $BB token plays a crucial role within the BounceBit ecosystem. Here's a breakdown of its key functionalities:
Staking: Users stake $BB tokens to become validators and participate in the network's dual-token PoS (Proof-of-Stake) system.
Protocol Incentive: Validators who contribute to securing the network are rewarded with BB tokens.
Gas Fees: Transactions and smart contract executions on the BounceBit network require BB as gas fees.
Governance: BB token holders have the right to participate in on-chain governance decisions, such as voting on protocol upgrades.
Platform Currency: BB functions as a currency within the BounceBit ecosystem. It can be used in various applications and infrastructure, acting as a medium of exchange or a store of value.
In essence, BB serves as the backbone of the BounceBit platform, incentivizing participation, securing the network, and facilitating transactions.
BounceBit Prime is more than just a protocol — it's a blueprint for the next generation of finance. A platform where real-world yield meets programmable money, backed by institutional-grade assets and supercharged by DeFi flexibility. This is CeDeFi done right.
