BounceBit: Grand Opening Ceremony of The Water Margin
BounceBit: Optimize your Idle BTC with an innovative approach. Start Now, Stake, and Gain Long-term Yield — unlock the future and maximize your crypto potential.
BounceBit: Grand Opening Ceremony of The Water Margin
We’re thrilled to announce the grand opening ceremony of BounceBit, the first-ever BTC staking chain exclusively designed for Bitcoin. BounceBit, powered by Bounce Brand and backed by Breyer Capital, CEFFU and Mainnet Digital, makes its debut in the transformative year 2024. In 2023 the Bitcoin Community’s surge of interest and participation instilled confidence in the bear market, highlighting the growing demand for solutions within Bitcoin Layer 1. BounceBit stands out as a unique BTC native staking chain with innovative solutions to establish a thriving smart contract execution environment for Bitcoin.
What is BounceBit?
BounceBit is a BTC native staking chain secured by staking both the native Bitcoin and the BounceBit token. BounceBit’s Proof of Stake (PoS) mechanism introduces a unique dual-token staking system by leveraging native BTC security with full EVM compatibility. Validators are selected from stakeholders who stake either BTC or the BounceBit token. The BounceBit token offers unique benefits within the ecosystem, such as revenue distribution and governance.
BounceBit introduces an innovative concept with BounceBox and the Bounce App Store. Utilizing these concepts BounceBit empowers users to swiftly deploy their decentralized applications within the BTC ecosystem.
Additionally, liquidity constraints of Bitcoin layer 1 pose a challenge and for many holders, idle BTC represents a pain point. Idle Bitcoin means missed opportunities for holders, while idle BTC in a low-yield protocol results in missed potential returns that could be gained through other strategic investments
BounceBit pioneers the first native BTC staking chain, secured by staking both Bitcoin and BounceBit tokens. With the support of Binance Custody for safe storing Bitcoin, the PoS system utilizes a dual-token staking setup, combining native BTC security with full EVM compatibility. Earn yields with BounceBit through native validator staking, get involved in the DeFi ecosystem, and use a mirroring mechanism in CeFi. That’s why BounceBit is introduced.
Early Access and How To Start
With BounceBit, depositing your idle Bitcoin allows you to earn the extra yield at the lowest opportunity cost. This event is by invitation only, and participants that join will receive BounceBit points upon entry. For entry into the grand opening event, follow any of these methods:
- Search hashtag #BounceBit on Twitter
- Exclusive channels on official Discord
- Invite code from your friends
Upon receiving the invite code, you will gain entry to participate in the early access stage. Next steps include connecting your EVM wallet and linking your social media accounts including Twitter and Discord. Then, you can (may) begin to check your eligibility for the initial Airdrop status.
Deposit on BounceBit
Deposits are currently accepted via two networks: Ethereum and BNB Chains. On the Ethereum network, supported tokens include WBTC, Auction, Mubi, and DAII. For BNB Chain, the BTCB token is exclusively supported. Deposited funds will become available for withdrawal as we near the BounceBit mainnet launch set for May 2024. The deposited amount will influence the progress you make towards Point Paradise.
BounceBit Reward: Points Paradise
Earning points on BounceBit is achieved through various activities including, inviting friends to join, collecting points through the hourglass rounds, and by receiving the initial airdrop from those who had on-chain transaction with Bounce, Mubi, Bitstable at some certain circumstance. The hourglass is running at a 24-hours cycle.. The points you accumulate through the hourglass rounds are combined in two parts: Your deposits made on BounceBit, and through your boost tier. You can receive a Boost Card through lucky draw. You and the person who invited you become eligible for a lucky draw chance with every 0.1 BTC milestone achieved in your team’s total deposits. Through the card draw, you can win either a Swift Card or a Boost Card, enhancing your experience with us.
- Boost Cards: Receive additional points with each claim. Upgrade or retain Boost cards for continued benefits. If your draw results in a lower or the same tier, the Boost card auto-redeems for points. Rarity tiers range from N, R, SR, SSR to UR.
- Swift Cards: Expedite your progress in the hourglass. Each Swift Card is valid for a single round, allowing you to swiftly move to the next round and claim points sooner. A maximum of two Swift Cards can be applied in each round.
Invite Your Friends
Every registered user is initially given 6 invite codes. Additionally, your team will be rewarded with two extra invite codes for each achieved milestone in the crew quests. There are many benefits that you can receive from inviting others
- Invited Rewards: Earn 10% of the points your invitee claims from the hourglass or initial airdrop rewards.
- Crew Quest: Your invitee’s deposits contribute to your team’s overall progress.
- Lucky Draw Chances: Each time your team reaches a new milestone, you gain an additional entry in the lucky draw.
Early Access
Being part of Point Paradise early access ensures extra opportunities to claim points. As an early user, you enjoy increased chances for claiming points and unlocking the full potential of your BounceBit experience. Bring friends on board, unlock milestones, and ascend the leaderboard — it’s your journey to maximizing rewards with BounceBit!
Leaderboard
The leaderboard is exclusively for users who have deposited, displaying only the top 100 accounts ranked by their point totals. It also offers details about your referrer, your current points, and your position relative to all users. Recent joins can be seen in the activity bar. For added privacy, you have the option to hide your avatar and username. This can be done by navigating to the upper right corner and selecting ‘Edit Profile.’
REMINDER: DON’T GET SCAMMED!
Always verify the official website before confirming approval and deposit. Stay connected for more exciting updates as we journey together with BounceBit! The adventure is just beginning!
About BounceBit
BounceBit is a BTC staking chain exclusively designed for Bitcoin, backed by Breyer Capital, CEFFU and Mainnet Capital. The primary objective of BounceBit is to create a designated smart contract execution environment for Bitcoin. BounceBit introduces the idea of the App Store and BounceBox, enabling users to swiftly deploy their own decentralized applications within the BTC ecosystem.
