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What is BounceBit?
BounceBit is a CeDeFi (centralized + decentralized finance) platform that aims to enhance the utility of Bitcoin and provide users with yield-earning opportunities. Binance Academy+2The Big Whale+2
It features a dual-token Proof-of-Stake (PoS) model, where both Bitcoin (or BTC derivatives) and the native BB token play roles in securing the network. Bitget+3Binance Academy+3KuCoin+3
The platform integrates CeFi-style tools (custody, yield management) with on-chain DeFi transparency. Binance+3Bitget+3Binance Academy+3
Its chain, BounceBit Chain, is EVM-compatible and aims to leverage Bitcoin’s security while enabling smart contract functionality. CoinLaunch+3BounceBit+3Binance Academy+3
Token & Economics
The native token is BB (BounceBit) with a maximum supply of 2.1 billion tokens. Binance Academy+3Bitget+3CoinLaunch+3
BB is used for multiple purposes:
Staking / validation — validators must stake BB (along with BTC derivatives) to participate in consensus. ICO Analytics+4KuCoin+4CoinLaunch+4
Gas fees / transaction fees on the network. Bitget+2CoinLaunch+2
Governance & protocol decisions — token holders may vote on upgrades. Bitget+2Binance Academy+2
Incentives / rewards for validators or participants. ICO Analytics+2KuCoin+2
The “Bread and Butter” scheme is BounceBit’s cross-chain liquidity solution: it helps bridge BB across major EVM-compatible chains and maintain liquidity between chains.