We’re excited to share important updates as BounceBit approaches the launch of our Mainnet, marking a significant milestone in our journey to build a thriving ecosystem for all BTC holders. Our journey has already seen remarkable achievements with our Total Value Locked (TVL) soaring to over $1 billion.
TLDR: Megadrop Live; Early Access & Testnet closed; Focus on Megadrop; MUBI,AUCTION,DAII withdrawal on Mainnet; BTCB,WBTC,FDUSD,USDT, Premium Yield Generation withdrawal May; Liquid Custody live; $BB Airdrop before trading. (We still recommend reading the entire article to avoid confusion)
Binance Megadrop Event is Now Live!
We’re thrilled to become the first project to launch tokens through Binance’s Megadrop — a token launch platform featuring airdrops and Web3 quests. This campaign offers users the chance to accumulate $BB tokens before they’re officially listed on the Binance Exchange.
What You Need to Know
We’ve wrapped up BounceBit’s Water Margin (Points Paradise) and East-to-West (BIT Incentive Program) events.
We will airdrop $BB to all eligible participants of either event before trading starts. Distribution will happen automatically, without the need to claim.
⚠️Please be aware of scams and avoid clicking any unofficial links.
Withdrawal & Unstaking
If you deposited MUBI, AUCTION or DAII, you will receive your bridged tokens on BounceBit Chain in your wallet. These can be withdrawn from BounceBit chain by bridging. Bridging will be available as soon as Mainnet is live.
WBTC, BTCB, FDUSD and USDT will be available for withdrawal end of May, 2024.
Premium Yield Program
All new and previously deposited tokens in our Premium Yield Program will continue to accrue yield. These tokens will be available for withdrawal end of May, 2024.
The exact details of the CeFi redemption rules & process will follow soon.
Liquid Custody
We’re launching a brand new website to provide a more interactive, seamless, and user-friendly experience for all users.
Liquid Custody Tokens Distribution
Participants in Early Access with BTCB, WBTC, FDUSD, and USDT deposits will automatically receive their Liquid Custody Tokens (LCT) in BBTC and BBUSD on the BounceBit chain.
For every new deposit of BTCB, WBTC, FDUSD & USDT we will issue the corresponding Liquid Custody Token (LCT; BBTC/BBUSD) on the chain you deposited with (BNB/ETH). Withdrawal for LCTs will begin end of May, 2024.
Updated Documentation:
Upon Mainnet launch we will update our documentation on docs.bouncebit.io with user guides, tutorials, integration guides, chain information, and more.
TLDR infographic:
About BounceBit
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.
