BounceBit Mainnet Launch Set for Might 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 best way customers work together with their platform by enhancing safety, asset security, and person profitability. The Mainnet is scheduled to go public on Might 13, 2024, following a fastidiously deliberate phased rollout.

Premium Yield Era Paused

Beginning Might 6, the Premium Yield Era characteristic shall be paused till the Mainnet launch. Throughout this era, customers will be unable to stake new property; nevertheless, present staked property will proceed to generate yields underneath the beforehand chosen technique. It is a strategic pause, designed to make sure a clean transition and integration into the brand new Mainnet atmosphere.

Node Operators and LCT Distribution

From Might 6 to Might 12, BounceBit will onboard an preliminary set {of professional} node operators to the BounceBit Chain. Publish-launch, customers may have the chance to delegate their BBTC/BB tokens to those validators and obtain LSTs in return. Moreover, LCT distribution for Early Entry customers is about to finish by Might 13 throughout BounceBit Chain, BNB Sensible 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 say 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 Era will reopen for brand spanking new stakers. Customers also can 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 overlaying the related fuel charges. On Might 20, customers who didn’t take part in Premium Yield may have the chance to withdraw their property, with LCTs redeemable for his or her respective property 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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