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BounceBit Price

(BB)

THB(฿)

Note: This cryptocurrency has not yet been officially listed on KuCoin Thailand.

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BounceBit (BB) Live Price Chart

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    Note: This data is for reference only.
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    BB(BB) Profile

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    ATH
    ฿28.57
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    1.21B
    Max Supply
    2.1B

    About BounceBit

    • What Is BounceBit (BB) Crypto?

      BounceBit (BB) introduces a native BTC restaking chain with a dual-token staking system that leverages the security of Bitcoin and BounceBit tokens. This system supports both on-chain and off-chain yield generation through a combination of DeFi and centralized finance (CeFi) mechanisms.

      The key features of BounceBit include enhanced yield opportunities for Bitcoin holders, a bridge between DeFi and CeFi for arbitrage opportunities, and full Ethereum Virtual Machine (EVM) compatibility, which allows the deployment of decentralized applications within the Bitcoin ecosystem.

      BounceBit is notable for its mixed Proof of Stake (PoS) mechanism, which ensures network security and diversification by leveraging the liquidity and security of Bitcoin in the DeFi sector. This approach aims to boost capital utilization and yield generation for BTC assets, which traditionally have fewer opportunities for yield in existing DeFi systems.

    • How Does BounceBit Work?

      BounceBit operates on a unique model in the crypto world by incorporating a dual-token staking system that secures its network using both Bitcoin and BounceBit tokens (BB). You can stake both Bitcoin and BounceBit tokens. This staking helps secure the network, making it robust against threats and increasing its overall resilience.

      BounceBit aims to centralize liquidity and streamline Bitcoin transactions across various blockchains, enhancing the efficiency and utility of Bitcoin in the broader crypto ecosystem​. It uses a PoS consensus mechanism. By staking your tokens, you become a validator or support one, helping to verify and record transactions on the network. In return, you receive transaction fees and staking rewards.

      BounceBit addresses issues like transparency and financial misuse prevalent in traditional Bitcoin finance by providing on-chain proof of reserve and transparent financial activities. The platform supports smart contracts and is fully compatible with the Ethereum Virtual Machine (EVM), which allows for seamless migration of projects and the development of sophisticated decentralized applications (dApps)​.

      BounceBit introduces liquid staking, where you can delegate your tokens to validators and receive liquid staking derivatives (LSDs) in return. This model includes secure custody solutions, ensuring the safety of your staked assets. The platform combines decentralized finance (DeFi) and centralized finance (CeFi) yield mechanisms, enabling you to earn yields by staking your Bitcoin in various financial products both on and off the chain​.

    • History of BounceBit and BB Coin

      BounceBit, a Bitcoin restaking protocol, was founded by Jack Lu. The platform, designed to integrate Bitcoin more significantly into DeFi, launched its early access phase on January 23, 2024, after closing a $6 million seed funding round. This funding was co-led by Breyer Capital and Blockchain Capital, along with other significant contributors like Bankless Ventures and Matrixport Ventures.

      The core innovation of BounceBit lies in its Bitcoin Restaking mechanism, which allows Bitcoin to be used more actively within various blockchain networks. This is supported by a dual-token staking system where validators secure the network by staking both Bitcoin and BounceBit’s native tokens. This setup is intended to enhance both the liquidity and security of Bitcoin transactions in DeFi and CeFi systems​.

      BounceBit’s roadmap included the launch of its testnet in early March 2024 and planned for a mainnet launch in April 2024, coinciding with the Bitcoin halving event. This ambitious timeline underscores the protocol’s goal to provide foundational restaking products for the Bitcoin ecosystem, expanding its utility and integration into wider financial systems.

    • What Is BB Token Used for?

      The BB token serves multiple roles within the BounceBit ecosystem:

      1. Staking: You can stake BB tokens to participate in the network's dual-token PoS mechanism. This not only secures the network but also earns you staking rewards.
      2. Transaction Fees and Smart Contracts: BB tokens are used to pay for transaction fees on the network. They are also used for executing smart contracts, making them crucial for developers and users engaging with dApps on the platform.
      3. Governance: Holding BB tokens grants you the right to vote on important protocol decisions, including upgrades and changes within the BounceBit ecosystem. This allows you to have a say in the direction and development of the platform.
      4. Medium of Exchange: BB tokens can be used within the BounceBit platform as a medium of exchange. They facilitate various transactions and interactions within the ecosystem, enhancing liquidity and utility.
      5. Reserve of Value: BB tokens act as a reserve of value within the BounceBit ecosystem, helping to maintain economic stability and user confidence.
      6. Trade BB on KuCoin: Trade BounceBit crypto on the KuCoin Spot Market after you do your own research. Buy, sell, or HODL $BB, depending on your risk tolerance and investment goals.
    • What Is BounceBit Tokenomics?

      The total supply of BB tokens is capped at 2.1 billion. This figure mirrors the 21 million cap of Bitcoin, symbolically linking BB to the broader Bitcoin ecosystem. The $BB token distribution is as follows:

      1. Staking Rewards and Delegation Program: The largest allocation, 35% of the total supply, is dedicated to staking rewards and delegation incentives.
      2. Investors: 21% of the tokens are allocated to investors, with specific vesting schedules to ensure long-term alignment.
      3. Team and Advisors: 10% of BB tokens allocated to the team and advisors have a lock-up period and vest over time to promote long-term commitment.
      4. Binance Megadrop and Other Initiatives: Portions of the token supply are also allocated for initiatives like BounceClub and Ecosystem Reserve (14%), Binance Megadrop (8%), Testnet Incentives (4%), and Liquidity Provision (3%).

    FAQ

    Is BounceBit (BB) a Good Investment?

    The following factors make BounceBit a potentially valuable addition to a diversified cryptocurrency portfolio, particularly for those interested in innovative staking solutions and the integration of Bitcoin into broader financial systems.

    1. Innovative Staking Mechanisms: BounceBit employs a unique dual-token staking model that leverages the security of Bitcoin with the versatility of BounceBit tokens. This model not only secures the network but also enables you to earn rewards through staking​.
    2. Integration of DeFi and CeFi: The platform blends DeFi and CeFi mechanisms. This creates diverse yield opportunities for Bitcoin holders, typically less common in other blockchain systems​.
    3. High Security and Transparency: With the introduction of features like liquid custody and CeDeFi layers, your assets are kept secure in highly regulated environments, ensuring safety and transparency in transactions​.
    4. EVM Compatibility: BounceBit supports EVM compatible smart contracts, making it easier for developers to build and migrate applications, thus enriching the ecosystem and potentially increasing the token's utility and value​.
    5. Early Access and Rewards: Participating early in platforms like Binance Megadrop can offer additional benefits and rewards, adding value to your investment as the network grows​.
    What Is BounceBit Price Prediction?

    While we cannot provide a reliable $BB price prediction, here are some factors that impact the price of BounceBit:

    1. Market Dynamics: General trends in the cryptocurrency market can affect the BounceBit price, including market cycles and changes in investor sentiment​.
    2. Platform Adoption and Usage: The more BounceBit is used and adopted, the higher the demand for BB tokens, potentially raising the BB to USD price. Increased activity on the platform due to successful features or integrations can also play a significant role in influencing $BB price​.
    3. Economic and Token Metrics: Factors like the total supply of BB tokens, the volume being traded, and how many tokens are locked in staking can impact the BB crypto price. The release schedule of tokens can also affect market supply and demand dynamics​.
    4. Technological Developments: Innovations and updates on the BounceBit platform, such as enhancements to its staking mechanisms or new financial products, can attract more users and investors, influencing the BB token price​.
    5. Global Economic Conditions: Broader economic factors, such as interest rates and economic policies, can sway investor interest in riskier assets like cryptocurrencies, indirectly impacting the BB coin price​.
    How to Earn on BounceBit Protocol

    To earn on BounceBit, you can engage in several activities:

    1. Staking: You can stake BounceBit (BB) tokens or other supported cryptocurrencies like Bitcoin (BTC) to participate in the network's PoS system. Staking helps secure the network and earns you rewards.
    2. Participating in Megadrops: Binance's Megadrop offers a unique way to get early access to BounceBit tokens by locking BNB or completing specific tasks within the Binance ecosystem. The more you participate and the longer you lock your funds, the more rewards you can earn​.
    3. Engaging in Testnet Activities: By joining the BounceBit testnet, you can earn BB tokens by depositing, testing features, or completing specific tasks designed to help improve the network before it fully launches​.
    4. Yield Farming and DeFi Activities: If you're into more advanced DeFi activities, BounceBit provides options for yield farming and leveraging their CeDeFi framework, which mixes centralized and decentralized finance tools to maximize earning potential.
    How to Stake BB on BounceBit

    When you stake BB or BTC on BounceBit, you receive a Liquid Staking Derivative (LSD), which represents your staked assets and can be used for further financial activities within the platform​. To stake BB on BounceBit, you can follow these steps:

    1. Navigate to the Staking Page: Start by visiting the BBScan website or directly access the staking page at BBScan Staking.
    2. Connect Your Wallet: Click the "Connect Wallet" button to link your cryptocurrency wallet to the platform. Ensure that your crypto wallet is switched to the BounceBit network.
    3. Enter the Amount to Stake: Type in how much BB you wish to stake. Ensure you keep enough balance in your wallet to cover any transaction fees.
    4. Confirm the Transaction: Confirm the transaction on your wallet after entering the amount. This action will execute the staking process.
    5. Check Your Staked Tokens: Once the transaction is completed, you can view your staked tokens under the 'My Stake' section on the staking page.

    For unstaking, you can use the 'Unstake' option available on the same page, specify the amount you want to unstake, and confirm the transaction.

    What is the all-time high price of BounceBit (BB)?

    The all-time high price of BounceBit (BB) is ฿28.57. The current price of BB is down -- from its all-time high.

    How much BounceBit (BB) is there in circulation?

    As of 8 8, 2026, there is currently 1.21B BB in circulation. BB has a maximum supply of 2.1B.

    How do I store BounceBit (BB)?

    You can store your BounceBit in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your BB include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.