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

BounceBit Mainnet Launch Set for May 13

BounceBit, a notable participant within the cryptocurrency sector, has formally introduced the launch schedule for its extremely anticipated Mainnet. This transfer is ready to revolutionize the way in which customers work together with their platform by enhancing safety, asset security, and consumer profitability. The Mainnet is scheduled to go public on May 13, 2024, following a rigorously deliberate phased rollout.

Premium Yield Generation Paused

Starting May 6, the Premium Yield Generation characteristic shall be paused till the Mainnet launch. During this era, customers will be unable to stake new property; nonetheless, current staked property will proceed to generate yields below the beforehand chosen technique. This is a strategic pause, designed to guarantee a easy transition and integration into the brand new Mainnet surroundings.

Node Operators and LCT Distribution

From May 6 to May 12, BounceBit will onboard an preliminary set {of professional} node operators to the BounceBit Chain. Post-launch, customers can have the chance to delegate their BBTC/BB tokens to these validators and obtain LSTs in return. Additionally, LCT distribution for Early Access customers is ready to full by May 13 throughout BounceBit Chain, BNB Smart Chain, and Ethereum platforms.

$BB Airdrop and Binance Megadrop

On the day of the Mainnet launch, an computerized airdrop of $BB factors shall be distributed to each eligible pockets, eliminating the necessity for customers to declare or work together with any webpage. Concurrently, the $BB Megadrop occasion on Binance will conclude, with rewards distributed earlier than the buying and selling commences. Users are suggested to be vigilant and avoid scams associated to the airdrop.

Asset Withdrawal and Reinvestment Opportunities

Following the Mainnet launch, Premium Yield Generation will reopen for new stakers. Users can even provoke withdrawals of their staked property. Any MUBI, AUCTION, and DAII tokens deposited through the Water Margin occasion shall be returned to customers’ wallets on Ethereum, with BounceBit protecting the related gasoline charges. On May 20, customers who didn’t take part in Premium Yield can have the chance to withdraw their property, with LCTs redeemable for their respective property on the related chains.

This structured rollout plan not solely emphasizes the safety and effectivity of the BounceBit Mainnet but additionally ensures that the transition is as worthwhile and seamless as doable for its customers.

Image supply: Shutterstock

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