BounceBit Mainnet launch scheduled for May 13
BounceBit, a notable player in the cryptocurrency sector, has officially announced the launch schedule for its highly anticipated Mainnet. This move will revolutionize the way users interact with their platform by improving security, asset safety and user profitability. The Mainnet is expected to go public on May 13, 2024, after a carefully planned phased rollout.
The generation of premium returns has been interrupted
Starting May 6, the Premium Yield Generation feature will be paused until Mainnet launch. During this period, users cannot stake new assets; however, the existing investments will continue to generate returns under the previously chosen strategy. This is a strategic pause, intended to ensure a smooth transition and integration into the new Mainnet environment.
Node operators and LCT distribution
From May 6 to 12, BounceBit will onboard its first set of professional node operators to the BounceBit Chain. After launch, users will have the option to delegate their BBTC/BB tokens to these validators and receive LSTs in return. Additionally, LCT distribution for Early Access users will be completed on May 13 on BounceBit Chain, BNB Smart Chain, and Ethereum platforms.
$BB Airdrop and Binance Megadrop
On the day of the Mainnet launch, an airdrop of $BB points will be automatically distributed to each eligible wallet, eliminating the need for users to claim or interact with a web page. At the same time, the $BB Megadrop event on Binance will conclude, with rewards distributed before trading begins. Users are advised to be vigilant and refrain from scams related to the airdrop.
Options for withdrawing and reinvesting assets
After the launch of Mainnet, Premium Yield Generation will reopen to new stakers. Users can also initiate withdrawals from their staked assets. All MUBI, AUCTION and DAII tokens deposited during the Water Margin event will be returned to users’ wallets on Ethereum, with BounceBit covering the associated gas fees. On May 20, users who have not participated in Premium Yield will have the opportunity to withdraw their assets, with LCTs redeemable for their respective assets on the relevant chains.
This structured rollout plan not only emphasizes the security and efficiency of the BounceBit Mainnet, but also ensures that the transition is as profitable and seamless as possible for users.
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