What currency is BB? What about BB coins?

The new currency BB coin just launched on Binance has attracted the attention of investors in the currency circle. As the first phase of Binance’s new platform Megadrop, what currency is BB? There are still many people who don't know. According to data analysis, BB coin is the currency of the BounceBit platform, and its main functions are pledge, reward, governance, etc.

What currency is BB?

BB coin is the native token of BounceBit, a new blockchain project developed for Bitcoin.

• Leveraging the security of Bitcoin
• Compatible with Ethereum Virtual Machine (EVM), expanding the use of Bitcoin in the DeFi and CeFi markets

BounceBit actively participates in network verification and revenue generation activities (including CeFi, DeFi and restaking ), transforming Bitcoin from a passive asset to a positive force in the crypto ecosystem, empowering Bitcoin assets,

• let more people be exposed to the high-yield opportunities of Bitcoin assets
• combining the advantages of CeFi and DeFi Brought to the public

BounceBit is based on the concept that promoting the development of Bitcoin should mainly involve the use of assets. Through funding rate arbitrage and on-chain voucher re-staking and mining, it effectively combines the advantages of CeFi and DeFi to bring better benefits to Bitcoin. benefits and wider applications.

How about BB coins?

At present, BB Coin is not bad. Although it was launched later than May 13, the current price is US$0.45, slightly lower than the highest price of US$0.5508, and the market value is US$187,050,179. Overall, the development of BB Coin is relatively optimistic. .

BB coin is the native asset of BounceBit. BounceBit is a re-pledge project built on the Bitcoin ecosystem. Its goal is to enable BTC to generate organic staking rewards by creating BounceBitChain.

• BounceBit’s core innovation comes from the BTC re-staking mechanism
• Building infrastructure to explore the use of re-staking on various Bitcoin types
• Underpinning the entire framework by re-staking and aggregating shared security

By integrating Integrating Bitcoin into a proof-of-storage (PoS) layer 1 network, BounceBit redefines Bitcoin’s role in the blockchain ecosystem, expands its utility, and pioneers a platform that promises scalability, security, and inclusion A gender-neutral token economic model.

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