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 about to revolutionize the way in which customers work together with their platform by enhancing safety, asset security, and person profitability. The Mainnet is scheduled to go public on May 13, 2024, following a rigorously deliberate phased rollout.

Premium Yield Technology Paused

Beginning May 6, the Premium Yield Technology function will likely be paused till the Mainnet launch. Throughout this era, customers will be unable to stake new belongings; nevertheless, present staked belongings will proceed to generate yields beneath the beforehand chosen technique. This can be a strategic pause, designed to guarantee a clean 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. Put up-launch, customers could have the chance to delegate their BBTC/BB tokens to these validators and obtain LSTs in return. Moreover, LCT distribution for Early Entry customers is about to full by May 13 throughout BounceBit Chain, BNB Sensible Chain, and Ethereum platforms.

$BB Airdrop and Binance Megadrop

On the day of the Mainnet launch, an automated airdrop of $BB factors will likely 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. Customers are suggested to be vigilant and keep away from scams associated to the airdrop.

Asset Withdrawal and Reinvestment Alternatives

Following the Mainnet launch, Premium Yield Technology will reopen for new stakers. Customers may provoke withdrawals of their staked belongings. Any MUBI, AUCTION, and DAII tokens deposited in the course of the Water Margin occasion will likely be returned to customers’ wallets on Ethereum, with BounceBit protecting the related fuel charges. On May 20, customers who didn’t take part in Premium Yield could have the chance to withdraw their belongings, with LCTs redeemable for their respective belongings on the related chains.

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

Picture supply: Shutterstock

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