BounceBit
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Information about BounceBit (BB)
BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu.
The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both BTC and BounceBit’s native token – A dual-token system leveraging native Bitcoin’s security with full EVM compatibility. Critical ecosystem infrastructure like bridges and oracles are secured by restaked BTC. Through an innovative CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks.
BB is a native coin of the BounceBit ecosystem, operating on BounceBit according to BounceBit Chain Native Token standard, and can be used to:
- Stake BB to actively participate in the PoS Dual-token staking mechanism.
- The coin is paid out as staking reward to validators who secure the network.
- BB is the denomination of the gas fees that are required to conduct transactions and execute smart contracts.
- BB can be used as liquid and versatile currency on the BounceBit platform. It can be used in various applications and infrastructure, as medium of exchange or store of value. Furthermore it has functionalities that enable composability, interoperability and cross-chain compatibility.
- Use BB to participate in on-chain governance, e.g. voting on protocol upgrades.
Specifications
- Name: BounceBit
- Symbol: BB
- Platform: BounceBit
- Standard: BounceBit Chain Native Token
- Type: Utility, Governance
- Total supply: 2,100,000,000 BB
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