BounceBit mainnet launch date is May 13th.
bounce beat, a notable player in the cryptocurrency space, has officially announced its highly anticipated mainnet launch schedule. This move will revolutionize the way users interact with the platform by improving security, asset safety, and user profitability. The mainnet is scheduled to be released on May 13, 2024, following a carefully planned phased rollout.
Premium yield generation has been paused.
Premium yield generation functionality will be paused from May 6 until mainnet launch. During this period, users will not be able to stake new assets. However, existing staked assets will continue to generate returns according to the previously selected strategy. This is a strategic pause designed to ensure a smooth transition and integration into the new mainnet environment.
Node Operator and LCT Deployment
From May 6th to May 12th, BounceBit will onboard an initial set of professional node operators to the BounceBit Chain. After launch, users will have the opportunity to delegate BBTC/BB tokens to these validators and receive LST in return. Additionally, LCT distribution for Early Access users is scheduled to be completed by May 13 across BounceBit Chain, BNB Smart Chain, and Ethereum platforms.
$BB Airdrop and Binance Megadrop
On the day of mainnet launch, an automatic airdrop of $BB points will be distributed to all eligible wallets, with no need for users to request or interact with a web page. At the same time, Binance’s $BB Megadrop event will end and rewards will be distributed before trading begins. Users are advised to be cautious and avoid scams related to airdrops.
Asset Recovery and Reinvestment Opportunities
After mainnet launch, Premium Yield Generation will reopen for new stakers. Users can also initiate withdrawal of staked assets. All MUBI, AUCTION and DAII tokens deposited during the water margin event will be returned to user wallets on Ethereum and BounceBit will cover the associated gas costs. Users who have not participated in Premium Yield on May 20 will have the opportunity to withdraw their assets and redeem LCT for each asset in the relevant chain.
This structured launch plan not only emphasizes the security and efficiency of the BounceBit mainnet, but also ensures the most profitable and smooth transition for users.
Image source: Shutterstock
. . .
tag