The real-time (live) price of BounceBit to INR is 21 (BB/INR) today. This is a price change of 1.31% in the last 24 hours. BounceBit market cap at the current level is 9.98G INR, with a 24 hours trading volume of 26,379BB. It has a circulating supply of 460.71M INR.
What is BounceBit (BB)?
BounceBit (BB) is a first-of-its-kind Bitcoin staking protocol that merges DeFi and CeFi yield mechanics to offer institutional-grade products and restocking use cases. It does so through its innovative CeDeFi framework and dual token PoS layer, allowing validators to stake their BTC and the native BounceBit (BB) token to earn yield from CeFi while also restaking their assets for DeFi farming.
Along with powering the platform's dual-token staking, BounceBit's native token, BB, is also used for governance, reward distribution, gas fees, and other platform transactions. Its capped supply of 2.1 billion is chosen in relation to the total supply of Bitcoin, which is 21 million.
BounceBit views its native BB token as a complement to Bitcoin. Through platform governance, it plans to introduce various burning mechanisms to check the BB supply.
How Does BounceBit (BB) Work?
BounceBit is a layer-1 blockchain that uses a PoS consensus algorithm with a dual-token approach. It lets validators accept both the native BB token and wrapped liquid Bitcoin staking tokens (BBTC). This architecture widens the stakeholder base and brings additional security to the Bitcoin network.
Various regulated custodial services, such as Ceffu, Mainnet Digital, and Fire Blocks, secure the staked assets on BounceBit. While these assets generate interest through general arbitrage and delta-neutral opportunities from CeFi markets, users receive a pegged version of BTC called bounceBTC (BBTC) to retake and earn even more rewards.
They can choose to delegate these BBTCs to the node operators for an equal number of Liquid Staking Tokens, aka LST, which can be either stBTC or stBB as vouchers. Validators can further restake to other clients like sidechains, bridges and oracles for yield generation.
The platform selects validators based on the timeline divided into 24-hour Epochs. Once an Epoch ends, the platform distributes rewards and selects new validators based on their holdings.
In addition, BounceBit features a BounceClub, where users can create on-chain DeFi experiences through pre-built widgets with easy integrations, eliminating the need for coding.
As the native currency of the entire BounceBit ecosystem, the BB token serves multiple use cases. It is used to pay gas fees imposed by the network for services and to empower holders with governance rights.
How to Buy BounceBit (BB) in India?
There are many platforms where you can invest and Buy BounceBit (BB) in India.
One such platform is Flitpay. To buy BB in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.
After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy BB and execute the purchase.
You can instantly convert your INR to BB to INR and withdraw your INR through bank transfers whenever you want.
Flitpay also keeps introducing timely rewards for its users.
What to Do After Buying BounceBit (BB)?
BB can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the BB till it reaches a high price, and then you can sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.
FAQs
What is BounceBit (BB)?
BB is BounceBit's platform currency. BB owners can stake their tokens using the CeDeFi protocol to earn staking and liquid staking rewards. They can also use BB tokens to pay for services and participate in network governance within the BounceBit ecosystem. BB has a capped total supply of 2.1 Billion.
What is the BounceBit (BB) price in India?
Check out the current INR price of BB crypto in India on Flitpay.
Which is the best cryptocurrency exchange in India to buy BounceBit (BB)?
Flitpay is the best cryptocurrency exchange in India to buy BB, buy Ethereum or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.
How to buy BounceBit (BB) in India?
You can easily buy BounceBit (BB) in India on the safest crypto exchanges like Flitpay, with the lowest fees.
To buy BounceBit (BB) coin in India:
1. Register on Flitpay and create an account.
2. Verify your identity through Know-your-customer (KYC)
3. Add INR or Fiat currency, corresponding to the amount of BB you want to buy.
4. Instantly buy BounceBit (BB) with the deposited funds.
Why Choose Flitpay to Buy BounceBit (BB)?
Flitpay crypto exchange stands out as the most reliable and secure platform to buy BB and other cryptocurrencies in India. Here's why:
- Swift and Secure: Flitpay's quick buy/sell feature allows investors to buy BounceBit crypto swiftly within seconds. Flitpay has also implemented robust security measures, including 2FA at various stages, and integrated multi-party computation (MPC) technologies to protect customers' invaluable investments.
- 99.9%2525 Uptime: The robust build and interface of Flitpay ensure 99.9%2525 uptime, allowing you to access your BB investments anytime without any hitches or glitches.
- Price Alerts: Flitpay's timely price notifications and alerts keep investors updated with price changes, allowing users to easily seize the right opportunity to buy or sell BB even when offline.
- Instant Deposits and Withdrawals: Access your funds hassle-free through instant deposit and withdrawal services. With Flitpay, you can easily convert your BB to INR or INR to BB and withdraw your funds instantly.
What are the benefits of BounceBit (BB)?
BounceBit (BB) combines the strengths of DeFi and CeFi. Users can stake Bitcoin and BB tokens to earn yields through secure, institutional-grade platforms. With its dual-token PoS layer, users can restake assets for DeFi farming, maximizing rewards. BB token powers governance, rewards, and gas fees within the platform, with a capped supply of 2.1 billion.
Is it safe to invest in BounceBit (BB) token in India?
Yes, investing and trading BB is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying BB crypto. It offers real-time prices and advanced investing features.
Where can I deposit and withdraw BounceBit (BB) crypto in India?
Your search for secure crypto deposits and withdrawals ends here. Flitpay is only crypto exchange to facilitate hassle-free and Instant crypto deposits and withdrawals in India with minimal or no fees.
Join us
Sign-up at the Flitpay and complete the KYC process. Our team will verify your documents as soon as possible.
Add funds
Add INR funds to your Flitpay wallet using our instant UPI and bank deposit service. The minimum deposit limit is ₹100.
Place your order
Choose the crypto coin or token you want to buy and initiate the order. Your order will execute instantly.
