Airdrops

BounceBit Mainnet Launch Set for May 13th, Airdrop of $BB Tokens to Come

BounceBit Mainnet Launch Scheduled for May 13, $BB Airdrop to Follow




BounceBit Mainnet Launch Set for May 13
BounceBit, a prominent player in the crypto industry, has officially disclosed the launch date for its highly anticipated Mainnet. This development aims to transform user interactions with their platform by improving security, asset protection, and user profitability. The Mainnet is on track to be unveiled on May 13, 2024, as part of a carefully orchestrated phased rollout plan.
Suspension of Premium Yield Generation
Starting from May 6, the Premium Yield Generation functionality will be put on hold until the Mainnet launch. During this period, users won’t be able to stake new assets; however, existing staked assets will continue to generate yields based on the previously selected strategy. This temporary pause is intended to facilitate a seamless transition and integration into the new Mainnet ecosystem.
Node Operators and LCT Distribution
Between May 6 and May 12, BounceBit will be adding a group of professional node operators to the BounceBit Chain. Following the launch, users will have the option to delegate their BBTC/BB tokens to these validators and receive LSTs in return. Additionally, the distribution of LCT for Early Access users will be completed by May 13 across BounceBit Chain, BNB Smart Chain, and Ethereum platforms.
$BB Airdrop and Binance Megadrop
On the Mainnet launch day, automatic $BB token airdrops will be sent to eligible wallets, eliminating the need for users to take any action or visit any webpage. Concurrently, the $BB Megadrop event on Binance will come to an end, with rewards distributed before trading begins. Users are cautioned to remain vigilant and avoid any scams related to the airdrop.
Asset Withdrawal and Reinvestment Opportunities
After the Mainnet launch, Premium Yield Generation will resume for new stakers, and users can withdraw their staked assets. Any MUBI, AUCTION, and DAII tokens deposited during the Water Margin event will be returned to users’ Ethereum wallets, with BounceBit covering the gas fees. On May 20, users who didn’t participate in Premium Yield will have the chance to withdraw their assets, with LCTs redeemable for their respective assets on the relevant chains.
This structured rollout strategy underscores the security and efficiency of the BounceBit Mainnet while ensuring a profitable and seamless transition for its users.
Image source: Shutterstock
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