What BB Does
Some of the key utility functions of BB:
Staking / network security: Users can stake BB (in combination with BTC restaked) to participate in the PoS dual-token mechanism securing the network.
Rewards: BB is paid out as staking rewards to validators who help secure the network.
Transaction / gas fees: On the BounceBit chain, BB is used to pay gas fees, execute smart contracts, transact, etc.
Governance: Holders of BB can participate in governance (vote on protocol upgrades, treasury use, etc).
Total / max supply: 2,100,000,000 BB (2.1 billion) – capped.
Circulating supply (as of latest data): According to CoinMarketCap, circulating ≈ 846.87 M BB; total supply 2.1 B.
Allocation & release schedule (per documentation):
4% Testnet & TVL Incentive (unlocked at TGE)
21% Investors (12-month lock, then monthly 5% unlock)
10% Team (12-month lock, then monthly 2.5% unlock)
5% Advisors (12-month lock, then monthly 2.5% unlock)
8% Binance Megadrop (8% unlocked at TGE)
3% Market Making (3% unlocked at TGE)
14% BounceClub & Ecosystem Reserve (4.5% unlock at TGE, then locks/unlocks)
35% Staking Reward & Delegation Program (unlock across ~10 years)
Raise / funding: One source says the project raised ~$6 million in Feb-Apr 2024
