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BounceBit Launches Red Pocket Airdrop 2 to Reward BTC Stakers

BounceBit, a native BTC staking chain, has announced the launch of its second Red Pocket Airdrop campaign, which will run until February 24th, 2024. The campaign aims to attract more users to deposit and stake their BTCB tokens on BounceBit, and reward them with BounceBit points that can be used for various benefits on the platform.

To participate in the campaign, users need to deposit at least $100 worth of BTCB, the Binance-pegged version of Bitcoin, on BounceBit. They also need to complete some social tasks, such as following BounceBitโ€™s Twitter account, joining their Telegram group, and retweeting their posts. The platform will then randomly select 100 lucky participants who completed all the tasks and distribute 1000 BounceBit points to each of them.

BounceBit points are the utility tokens of BounceBit, which can be used to access exclusive features, such as governance voting, fee discounts, and staking rewards. BounceBit points are not yet publicly traded, but they will be in the future, according to the platform.

BounceBit is a novel Layer 1 blockchain that enables users to stake their Bitcoin and earn rewards in a native token, which is yet to be released. BounceBit is compatible with Ethereum Virtual Machine (EVM), which means that it can support smart contracts and decentralized applications (DApps) that run on Ethereum. BounceBit claims to offer higher scalability, security, and interoperability than other BTC staking solutions.

BounceBit is backed by some of the leading investors in the blockchain space, such as Blockchain Capital, Breyer Capital, Ceffu, and Mainnet Digital. Blockchain Capital is also a lead investor in EigenLayer, the company behind BounceBit. BounceBit has already achieved impressive growth, reaching over $450 million in total value locked (TVL) in less than two months since its launch.

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