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Yes, BounceBit has a dual-token system consisting of BB and BBTC tokens[1][4]:
BB Token: This is BounceBit's native governance token. It can be used for network governance, staking rewards, and maintaining network security[1].
BBTC Token: This is a representation of Bitcoin on the BounceBit platform. Users can convert their Bitcoin to BBTC and stake it to earn rewards[1][4].
The total supply of BounceBit (BB) tokens is 21 billion, which will be gradually unlocked over four years[1]. The BBTC token is designed to represent Bitcoin within the BounceBit ecosystem, allowing Bitcoin holders to participate in staking and other DeFi activities[1][4].
- 1. https://www.gate.io/learn/articles/how-does-bouncebit-build-a-new-bitcoin-defi-ecosystem/2938
- 2. https://www.gate.io/learn/articles/bouncebit-cross-chain-flow-free-staking-and-building-a-new-bitcoin-ecosystem/2765
- 3. https://rm.coe.int/1680459f97
- 4. https://www.bouncebit.io
- 5. https://portal.bouncebit.io
- 6. https://www.ftc.gov/business-guidance/small-businesses/cybersecurity/quiz/basics
- 7. https://etherscan.io/token/0xb00cd047a42ff190b8c74df3d11cf1fd6cea9dd6
- 8. https://www.itgovernance.eu/blog/en/the-gdpr-what-exactly-is-personal-data
- 9. https://docs.bouncebit.io/cedefi/bouncebit-cefi-+-defi/infrastructure
- 10. https://community.openai.com/t/solved-whats-wrong-with-the-api-request-syntax/36611
Last Update: 2/15/2025 02:01 UTC -
Yes, BounceBit has conducted an airdrop for its BB token[1][4]. The airdrop distribution began on May 13, 2024, between 08:30 to 10:00 UTC, coinciding with the project's mainnet launch[10].
To be eligible for the airdrop, users needed to complete several tasks, including:
- Visiting the BounceBit airdrop page and connecting their wallet
- Entering an invitation code
- Connecting Twitter and Discord accounts
- Bridging at least $10 worth of supported tokens (e.g., WBTC, USDT, BTCB)
- Earning points based on deposits
- Participating in the testnet campaign[4]
It's important to note that the airdrop has already taken place, and users who completed these tasks before the distribution date were likely eligible to receive BB tokens. Additionally, be cautious of potential phishing scams related to the BounceBit airdrop, as warned by security experts[10].
- 1. https://safepalsupport.zendesk.com/hc/en-us/articles/25646715872539--How-to-claim-BounceBit-Airdrop
- 2. https://docs.bouncebit.io/token/bouncebit-tokenomics/bb-coin
- 3. https://opentextbc.ca/writingforsuccess/chapter/chapter-9-citations-and-referencing/
- 4. https://airdrops.io/bouncebit/
- 5. https://docs.bouncebit.io/archived/mainnet-asset-withdrawal-and-distributions-for-early-access-users
- 6. https://www.scribbr.com/working-with-sources/credible-sources/
- 7. https://cryptorank.io/drophunting/bouncebit-activity68
- 8. https://cryptorank.io/price/bouncebit/vesting
- 9. https://accme.org/data-reporting/data-reporting-quick-answers/
- 10. https://beincrypto.com/phishing-bouncebit-bb-airdrop-listings/
Last Update: 2/15/2025 02:01 UTC
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Description
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BounceBit is a Bitcoin restaking chain designed specifically for Bitcoin. It aims to create a specialized environment for smart contract execution on Bitcoin, introducing features like the App Store and BounceBox to enable rapid deployment of decentralized applications within the BTC ecosystem.
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