@BounceBit #BounceBitPrime $BB

The BounceBit (BB) token is the native utility and governance asset of the BounceBit network, a pioneering Bitcoin restaking Layer 1 blockchain. BounceBit uniquely merges CeFi and DeFi elements, aiming to transform Bitcoin from a passive store of value into a yield-generating asset.

​The BB token is central to the network's security and operations. Validators must stake both BB and a wrapped Bitcoin token (BBTC) in the unique dual-token Proof-of-Stake (PoS) consensus mechanism. This hybrid model secures the EVM-compatible chain while leveraging Bitcoin's robust security.

​Furthermore, BB is used for governance, allowing holders to vote on protocol upgrades, and as the gas token to pay for transaction fees. By facilitating Bitcoin restaking and yield-generation strategies, the BB token is key to the platform's vision of expanding Bitcoin's utility in the decentralized finance space.