BounceBit, the Bitcoin restaking chain, unveils new features and sounds a warning to users.
BounceBit airdrop checking is now available. Users also see the available airdrops on the BounceBit Portal easily and expect automatic distributions in a few hours. Staking was reopened for the Premium Yield.
But still, it is to be taken with caution, as 23pds, the chief information security officer of SlowMist Technology, is cautioning the public that when the name "BounceBit" is searched for in Google, the first entry on the list is already a phishing website. In order to avoid potential online fraud from the BounceBit airdrop, users are recommended to clarify the authenticity of this website.
Innovating Bitcoin's Value: The BounceBit's CeFi and DeFi
BounceBit, in that respect, distinguishes itself as it has been designed under a CeFi + DeFi model for BTC holders to earn yield from diversified sources. It proposes the infrastructure centered around the value of Bitcoin as an asset by employing PoS mechanisms that force validators to stake not only BTC but the BounceBit token.
It is meant to be a symbiotic relationship for the native token, $BB, with BTC to provide network security and intrinsic value of Bitcoin. BounceBit is cross-operational in EVM-compatible networks, with staked assets like BTCB and Wrapped Bitcoin (WBTC).
$ BB is capped at 2.1 billion tokens and is used as a currency, an exchange medium, and a store of value on the platform. BounceBit is on a mission to redefine the value of Bitcoin with a hardened and flexible network upon which users can rely. They're encouraged to be extra careful of phishing attempts, and to make security a central theme regarding the use of this platform.