$BB @BounceBit #bouncebitprime BB is the native token of the native BTC re-mortgaged chain BounceBit, with a total supply of 2.1 billion tokens. Its token design philosophy echoes Bitcoin's supply logic of 21 million tokens while adapting to the developmental needs of its own ecosystem.

Core Functions

• Staking and Consensus: Users can stake BB to participate in the PoS dual-token staking mechanism, ensuring network security while earning rewards.

• Gas Fees: The unit of measurement for gas fees required for transactions and smart contract executions on the BounceBit chain.

• Governance Rights: BB holders can participate in on-chain governance, such as voting on protocol upgrades and determining the project's development direction.

• Ecological Circulation: As a universal currency within the platform, it can be used for various applications and infrastructure, serving as a medium of exchange or a value storage tool, and it also supports cross-chain compatibility and other functions.

Token Economic Model

• Distribution Mechanism:

◦ Testnet and TVL incentives account for 4%, unlocked at TGE (Token Generation Event).

◦ Investors account for 21%, with a 12-month lockup period followed by a monthly unlock of 5%.

◦ The team accounts for 10%, with a 12-month lockup period followed by a monthly unlock of 2.5%.

◦ Advisors account for 5%, with a 12-month lockup period followed by a monthly unlock of 2.5%.

◦ Binance Mega Drop accounts for 8%, unlocked at TGE.

◦ Market-making accounts for 3%, unlocked at TGE.

◦ Bounce Club and ecological reserves account for 14%, with 4.5% unlocked at TGE, and the remaining portion locked for 12 months before phased unlocking.

◦ Staking rewards and delegation plans account for 35%, unlocked over 10 years.

• Burning Mechanism: In the future, multiple burning mechanisms may be introduced, with specific implementations requiring platform governance decisions to adjust token supply and enhance the sustainability of the token economic model.

-Bounce Prime can provide institutional-grade on-chain yield strategies. BounceBit Prime is a product created in collaboration with custodians and fund management institutions such as BlackRock and Franklin Templeton, allowing users to directly obtain tokenized real-world asset yields in a compliant manner.