BounceBit, established in December 2023, is a pioneering platform focusing on restaking Bitcoin through the Proof of Stake (PoS) mechanism. Its primary objective is to construct a resilient smart contract execution environment tailored for Bitcoin.
Notably, BounceBit is designed to seamlessly integrate with the Ethereum Virtual Machine (EVM), allowing for the recognition and inclusion of assets such as BTCB on Binance Smart Chain (BSC) and WBTC on Ethereum. This integration enhances the versatility of Bitcoin applications.
Operating within the same ecosystem as the Bounce Finance launchpad platform, BounceBit has quickly gained traction. In late February, the project secured a significant investment capital of six million USD, spearheaded by prominent investors including Blockchain Capital and Breyer Capital. As a testament to its success, BounceBit boasts a Total Value Locked (TVL) exceeding 545 million USD.
step by step guide fot bouncebit testnet airdrop
- Join the project’s Discord server at https://discord.com/invite/bouncebit.
- Navigate to the #testnet-faucet channel within the Discord server.
- In the #testnet-faucet channel, enter the command:
!bbto receive testnet tokens. - Access https://testnet-club.bouncebit.io/club/3055 in your web browser.
- Connect your wallet to the BounceBit testnet platform.
- Click on “Accept and sign” and confirm the action on your connected wallet to add the testnet network.
- Explore the Bitswap section to swap BB tokens with other available tokens.
- Navigate to the Bitstaking section to stake your tokens.
- If you’ve staked WBTC on BounceBit, you can create your own clubs. Invite other users to follow your club to increase interaction and engagement.
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