BounceBit BTC Price

BounceBit BTC operates as a Layer 1 Proof-of-Stake (PoS) ecosystem that leverages the security features inherent in Bitcoin. The project employs a dual-token staking system, integrating two native tokens: Bitcoin (BTC) and BounceBit's own token, $BB. This framework not only strengthens the operational dynamics of the project but also introduces an innovative bridge mechanism facilitating users' interactions with restaking products on the network.

A fundamental aim of BounceBit is to mitigate the underutilization of BTC assets, providing a solution to the long-standing issue of the absence of a smart contract platform within the Bitcoin ecosystem. By addressing this gap, BounceBit encourages the growth and development of decentralized applications (dApps), thus fostering wider adoption and engagement across the cryptocurrency landscape.