BounceBit (BB) Investment Research Report: A dedicated company building BTC Re-Staking infrastructure

1. Company Profile
   BounceBit (BB) has been listed on HIBT on May 13. BounceBit (BB) is a company focused on building BTC Re-Staking infrastructure, aiming to provide a base layer for different re-staking products. Its chain is designed as a showcase for re-hypothecation products within the BounceBit ecosystem and is secured by regulatory custody from Mainnet Digital and Ceffu. Through an innovative CeFi + DeFi framework, BounceBit enables BTC holders to earn across multiple networks. Currently BB is open for trading on HIBT.

2. Development process
   2022: BounceBit is established and begins to build BTC Re-Staking infrastructure.
   2023: Improve the chain’s infrastructure and cooperate with regulatory custody services to ensure fund security.
   2024: BounceBit’s on-chain TVL reaches $500 million, and the number of users reaches 100,000.

3. Project Highlights
   Pledge mechanism
   BounceBit's staking mechanism allows users to participate in dual-currency PoS and pledge BB to obtain income.
   Dual currency PoS
   Dual-currency PoS allows each validator to accept both BBTC and BB tokens, expanding the stakeholder base and increasing the resiliency and security of the network consensus.
   Liquid hosting
   The concept of liquid custody is introduced to keep mortgage assets liquid and provide more opportunities to earn income. After users deposit their assets into BounceBit, they will receive a Liquid Custody Token (LCT), which represents the custody of their assets.

4. Token Economy
   Total supply: 2.1 billion
   Initial circulation: 409.5 million (accounting for 19.5% of the maximum supply)
   Token Economic Distribution:
   Binance Megadrop: 8%
   Liquidity Provider: 3%
   Testnet incentives: 4%
   Consultant: 5%
   Team: 10%
   BounceClub and ecological reserve: 14%
   Investors: 21%
   Staking reward: 35%

5. Future prospects
   BounceBit is committed to attracting more users to participate in its ecosystem while continuously improving its infrastructure. As the number of users and TVL grows, BounceBit will continue to expand its service scope and provide holders with more income opportunities.

Summarize:
As a leader in building BTC Re-Staking infrastructure, BounceBit provides BTC holders with more income opportunities under the framework of integrating CeFi and DeFi. Through innovative technology and compliant regulatory custody services, BounceBit is committed to creating a safe and efficient re-hypothecation ecosystem for users.