Key Terms

To understand the tokenomics of BounceBit it helps knowing these key terms.

  • BB: The BB token is the native BounceBit platform asset

  • Proof-of-Stake: The consensus mechanism that selects, incentivizes and rewards validators who process transactions and create new blocks on BounceBit.

  • Gas fees: Gas fees are the transaction fees users pay on the BounceBit blockchain to submit transactions (e.g. sending or swapping BBTC) and execute smart contracts. They prevent spam and denial-of-service attacks.

  • Dual-Token Staking: Dual-Token is a mixed Proof-of-Stake mechanism. It uses two tokens to secure one network. BounceBit uses BB and combines it with BTC, which has lower volatility, deeper liquidity and more accessibility.

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