@BounceBit
BounceBit's BB token is the native cryptocurrency of its Bitcoin restaking and CeDeFi network. It's a foundational element, serving as the gas token for transactions and a key component of the network's dual-token Proof-of-Stake (PoS) consensus mechanism. Validators on BounceBit must stake both a Bitcoin derivative (BBTC) and BB tokens, which enhances network security by tying its native asset to Bitcoin's value. Beyond its technical role, BB also functions as a governance token, giving holders voting rights on protocol upgrades. This multifaceted utility makes BB central to the platform's ability to create yield opportunities for Bitcoin holders.