BounceBit Announces Token Economics, 35% for Staking Rewards

BounceBit has raised $7.98 million in previous financing rounds. BounceBit has announced its token economics, with a total supply of 2.1 billion BB tokens, an initial circulation of 409.5 million BB tokens (19.5% of total supply), 8% allocated to Binance Megadrop, 3% allocated to liquidity providers, 4% used for testnet incentives, 5% allocated to advisors, 10% allocated to the team, 14% used for BounceClub and ecological reserves, 21% allocated to investors, and 35% used for staking rewards.