| Information | Details |
|---|
| Project Name | BounceBit |
| Project Website | https://bouncebit.io |
| Project Description | BounceBit is building a BTC restaking infrastructure that provides a foundational layer for various restaking products, secured by regulated custody. The BounceBit chain operates as a standalone Layer 1 network with a dual-token PoS mechanism, leveraging native Bitcoin’s security with full EVM compatibility. |
| Project Ticker | BB |
Airdrop Details
| Information | Details |
|---|
| Airdrop Type | retroactive,testnet |
| Total Airdrop Amount | Not Known |
| Number of Eligible Users | Not Known |
| Number of Claimants | Airdrop distributed automatically to eligible wallets—no claim needed. |
Timeline
| Event | Date |
|---|
| Blockchain Snapshot | Not Known |
| Claiming Started | May 13, 2024 |
| Claiming Ends | Not Known |
Token Distribution
| Distribution | Amount |
|---|
| Maximum | Not Known |
| Median/Average | Not Known |
| Minimum | Not Known |
Eligibility Criteria
As of March 21, 2025, BounceBit has not provided a single, definitive document detailing exact airdrop eligibility criteria. However, based on available information from official sources, here are the known potential eligibility factors:
1. Early Access Program (Water Margin Event)
- Users could earn BounceBit points by participating in the Water Margin Event.
- Participation required an invite code (available via Discord or X).
- Users had to deposit supported tokens like:
- Wrapped Bitcoin (WBTC)
- Tether (USDT)
- Bitcoin BEP2 (BTCB)
- First Digital USD (FDUSD)
- Multibit (MUBI)
- Points were claimable every 24 hours, influenced by the amount of tokens deposited.
- Some Boost and Swift cards provided additional rewards.
- No explicit guarantee that points would convert into BB tokens, but this was implied.
2. Testnet Participation
- Users interacted with BounceBit Testnet via testnet tokens.
- Testnet tokens were obtained through Discord commands (e.g.,
!bb [wallet address]). - Eligible activities included:
- Staking testnet BB tokens
- Creating a BounceClub
- BIT points (a testnet points system) may have contributed to airdrop eligibility.
3. Staking BTC and Other Assets
- BounceBit emphasized BTC restaking as a core feature.
- Users staking BTC and other assets during Early Access earned BounceBit points.
- Staked assets were locked until May 2024, when withdrawals became available.
4. Mainnet Launch and Airdrop Distribution
- Mainnet launched on May 13, 2024.
- The BB airdrop occurred between 08:30 - 10:00 UTC that day.
- BB tokens were automatically distributed to “all eligible users” before trading on KuCoin and Gate.io.
- Eligibility likely included Water Margin Event participants and testnet users, though allocation details were never fully disclosed.
- BounceBit ran Galxe campaigns, rewarding users for:
- Following BounceBit’s X account
- Joining Discord
- Completing social tasks
- Users had to connect their X and Discord accounts during Early Access.
- Community engagement may have influenced airdrop eligibility.
Important Links
- Node Staking & Delegation: Validators stake both BBTC and BB, and users can delegate assets through Liquid Staking Derivatives (LSD).
- Premium Yield Generation: Generates yield via Funding Rate Arbitrage; locking stBBTC allows for both staking and Premium Yield rewards.
- Liquid Custody: Users receive Liquid Custody Tokens (LCTs) when depositing BTCB, FDUSD, WBTC, and USDT, reflecting their custodial holdings.
- Bridging: LCTs can be bridged via MultiBit Bridge or Polyhedra’s zkBridge.
- BounceClub: A Web3 ecosystem with customizable Clubs, offering DeFi, GameFi, and SocialFi applications.
- Withdrawals:
- Unstaking from Premium Yield requires a 7-day waiting period before funds can be accessed.
- BBTC and BBUSD were redeemable starting May 20, 2024.
- Profits from Premium Yield can be claimed every 14 days moving forward.
For more details, check the BounceBit Documentation.
