BounceBit (BB), with its unique identity as a BTC re-staking public chain, will be launched in the first phase of Binance Megadrop platform's new listing event. Let's take a look and see how BB attracts investors' attention with its innovative mechanism and concept.

BounceBit (BB) Overview

A new chapter for BTC re-staking

The core of the BB project lies in its innovative treatment of BTC re-pledge. By working with regulated custody services such as Ceffu, Mainnet Digital and Fireblocks, BB ensures the security of funds. When users' assets generate interest through arbitrage strategies, they will receive bounceBTC (BBTC), a version pegged to BTC that can be delegated to node operators, further increasing liquidity and profit potential.

Dual-Currency PoS Mechanism

BB adopts a dual-currency PoS mechanism, allowing validators to accept both BBTC and BB tokens, which not only expands the stakeholder base but also adds additional resilience and security to the network’s consensus structure.

A new definition of liquidity

BounceBit has proposed the concept of "liquid custody", through which users' collateral assets remain liquid while providing them with more opportunities for earnings. After users deposit their assets, they will receive liquid custody tokens (LCT) representing their assets, which can be further used on the BounceBit platform.

A grand blueprint for 2024

BB’s roadmap shows that its total value locked (TVL) will reach US$500 million in the first quarter of 2024, and it plans to attract 100,000 early users in the second quarter.

Investment Highlights

  • Staking mechanism: By staking BB tokens, users can participate in Bounce Bit’s dual-currency staking mechanism.

  • Compliance: All user funds are stored in a secure custody solution via the MPC wallet, ensuring regulatory compliance.

  • OTC Settlement: BB’s OTC Settlement (OES) mechanism allows users to securely tap into the liquidity of centralized exchanges (CEXs) while performing settlements over the counter.

Price Prediction and Market Potential

The total supply of BB is 2.1 billion, and the circulating supply after listing is 409.5 million, accounting for 19.5% of the total supply. The market predicts that its opening price may be between $0.75 and $1. As a rising star in the BTC re-staking track, BB is undoubtedly worthy of investors' attention.

Binance Megadrop and BB integration

Binance Megadrop is an innovative token issuance platform that combines Binance Earn products with Binance Web3 wallet to bring users a new airdrop experience. Through Megadrop, users can participate in selected Web3 projects in advance, which undoubtedly provides new opportunities for retail investors.

How to participate

Users only need to log in to their Binance account and go to [More]-[Megadrop] to participate. The emergence of Megadrop allows retail investors with smaller funds to get a share of the digital currency market.

Special Events

  • Activity 1: New users register and trade 100U, the first 2,000 will receive 20 BB rewards, and subsequent participants will share 30,000 BB.

  • Activity 2: Invite existing Binance users to open a contract account and participate in trading, and share 42,000 BB.

Conclusion

BounceBit (BB) has brought new vitality to the digital currency market with its innovative BTC re-staking mechanism and dual-currency PoS consensus. With its official launch on Binance Megadrop, BB is expected to become a new favorite among investors. For investors seeking new opportunities in the digital currency field, BB is undoubtedly an option worth considering.