35% of BounceBit’s total supply of BB tokens is planned to be allocated to staking rewards, and the project has raised $7.98 million in financing

PANews reported on April 18 that according to a research report on the Bitcoin re-pledge public chain BounceBit released by Binance Research, the project has raised US$7.98 million from previous financing. The total supply of BB is 2,100,000,000 pieces, and the circulating supply after listing is 409,500,000 pieces (accounting for 19.50% of the total token supply). The distribution of BB tokens is: Binance Megadrop 8%; liquidity providers 3%; testnet incentives 4%; consultants 5%; team 10%; BounceClub and ecological reserves 14%; investors 21%; staking rewards 35%.

About BounceBit’s future roadmap: Second quarter of 2024: Premium Yield products continue, BounceBit chain mainnet online (ecological construction, BounceClub distribution); Third quarter of 2024: More CeDeFi products (options and structured products, lending) ; Fourth quarter of 2024: BounceBit re-staking platform; First quarter of 2025: Shared Security Client (SSC) ecosystem construction.

Earlier today, it was reported that Binance launched Megadrop, a token issuance platform with airdrops and Web3 tasks. The first introduced project is BounceBit (BB).