HomepagePortalBounceClub

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.

PreviousBounceBit TokenomicsNextBB Coin

Last updated