BounceBit uses a creative strategy to maximize your idle Bitcoin. Maximize your cryptocurrency potential and unleash the future by starting now, staking, and earning long-term yield.
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Read More: What are Crypto Airdrops?
BounceBit: Grand Opening Ceremony of The Water Margin
Introducing BounceBit, the first-ever Bitcoin staking chain created just for Bitcoin, with an amazing launching ceremony. In the revolutionary year of 2024, BounceBit, powered by Bounce Brand and supported by Breyer Capital, CEFFU, and Mainnet Digital, begins.
The rise in interest and engagement from the Bitcoin Community in 2023 gave the market some confidence and demonstrated the increasing need for solutions within Bitcoin Layer 1.
With its creative methods to provide a dynamic smart contract execution environment for Bitcoin, BounceBit stands out as a special native staking chain for Bitcoin.
What is BounceBit?
Staking both the BounceBit token and the native Bitcoin secures the BounceBit staking chain. With complete EVM compatibility and native BTC security, BounceBit’s Proof of Stake (PoS) mechanism offers a unique dual-token staking method. Stakeholders who stake either Bitcoin or the BounceBit token are chosen as validators.
Within the ecosystem, the BounceBit token provides special advantages including governance and revenue distribution.
With BounceBox and the Bounce App Store, BounceBit presents a unique idea. BounceBit gives customers the ability to quickly launch decentralized applications within the Bitcoin ecosystem by utilizing these ideas.
A further issue is that many holders find idle Bitcoin to be a source of pain due to the liquidity limits of the first layer of the cryptocurrency. BitCoin investors lose out on chances while their cryptocurrency is idle, and BitCoin holders who invest in low-yield protocols miss out on possible profits from other intelligent choices.
By staking both Bitcoin and BounceBit tokens, BounceBit creates the first native BTC staking chain. The PoS system uses a dual-token staking structure with support from Binance Custody to securely store Bitcoin, combining native BTC security with complete EVM compatibility. Participate in the DeFi ecosystem, use a mirroring method in CeFi, and earn yields with BounceBit through native validator staking. BounceBit is introduced for this reason.
Early Access and How To Start
You can earn the extra income at the lowest opportunity cost by depositing your idle Bitcoin with BounceBit. Participants will receive BounceBit points upon entry, and this event is limited to those invited. Use any of the following approaches to gain admission to the grand opening event:
- Use click the website to search for the hashtag #BounceBit on Twitter.
- Exclusive channels in the official Discord channel at click the website.
- Get friends to send you an invite code.
You will be granted access to take part in the early access phase after you receive the invite code. Connecting your social media accounts, such as Twitter and Discord, and your EVM wallet are the next stages. After that, you can (may) start looking into whether you qualify for the initial Airdrop status.
Deposit on BounceBit
Currently, Ethereum and BNB Chains are the two networks that accept deposits. WBTC, Auction, Mubi, and DAII are among the tokens that are supported on the Ethereum network. The BTCB token is the only one supported by BNB Chain. As the May 2024 launch date of the BounceBit mainnet approaches, deposited funds will become withdrawable. Your journey toward Point Paradise will be influenced by the amount you deposit.
BounceBit Reward: Points Paradise
Gaining points on BounceBit can be done in a number of ways, such as inviting friends to sign up, collecting points during hourglass rounds, and getting the first airdrop from people who previously transacted on the blockchain with Bitstable, Mubi, or Bounce. There is a 24-hour cycle in the hourglass. Your BounceBit deposits and your boost tier are the two ways in which the points you earn during the hourglass rounds are combined. A Boost Card may be awarded to you through a lucky draw. With each 0.1 BTC milestone reached in your team’s total deposits, you and the person who invited you both qualify for a lucky draw opportunity. You could improve your experience with us by winning a Boost Card or a Swift Card through the card draw.
Boost Cards:
Earn extra points for every claim. To continue receiving benefits, keep or upgrade your Boost card. The Boost card automatically redeems for points if your draw places you in a lower or same tier. N, R, SR, SSR, and UR are the different rarity tiers.
Swift Cards:
Quicken the hourglass’s progress. You can advance quickly to the next round and claim points sooner because each Swift Card is only good for one game. Each round, a maximum of two Swift Cards may be used.
Invite Your Friends
Initially, there are 6 invite codes sent to each registered user. For every crew quest milestone reached, your team will also receive two additional invite codes. You can gain a lot of advantages from inviting people.
Invited Rewards:
Receive 10% of the hourglass or initial airdrop reward points that your invited guest claims.
Crew Quest:
The deposits made by your invited guests advance the benefit of your team as a whole.
Lucky Draw Chances:
Your team will receive an extra ticket into the lucky draw for each new milestone your team accomplishes.
Early Access
Extra chances to earn points are guaranteed when you participate in Point Paradise early access. You get better opportunities to earn points and maximize the benefits of using BounceBit as an early user. It’s your adventure to maximize rewards with BounceBit—bring others on board, earn milestones, and climb the leaderboard!
Leaderboard
Only the top 100 accounts, ordered by point total, are shown on the scoreboard, which is only accessible to players who have made deposits. It provides information about your referrer as well as your current point total and position in relation to all other users. The activity bar displays recent joins. You can choose to keep your username and avatar hidden for even more privacy. You can accomplish this by choosing “Edit Profile” in the upper right corner.
REMEMBER: AVOID BEING SCAMMED!
Before verifying approval and making a deposit, make sure you visit the official website. As we travel with BounceBit together, stay tuned for exciting updates! The journey has only just begun!
About BounceBit
Backed by Breyer Capital, CEFFU, and Mainnet Capital, BounceBit is a Bitcoin-only staking chain. Establishing a dedicated smart contract execution environment for Bitcoin is the main goal of BounceBit. With BounceBit, users may quickly launch their own decentralized applications inside the Bitcoin ecosystem by introducing the concept of the App Store and BounceBoounceBit.