Airdrop Details

Information Details
Airdrop Type retroactive,testnet
Total Airdrop Amount Not Known
Number of Eligible Users Not Known
Number of Claimants Airdrop distributed automatically to eligible wallets—no claim needed.

Timeline

Event Date
Blockchain Snapshot Not Known
Claiming Started May 13, 2024
Claiming Ends Not Known

Token Distribution

Distribution Amount
Maximum Not Known
Median/Average Not Known
Minimum Not Known

Eligibility Criteria

As of March 21, 2025, BounceBit has not provided a single, definitive document detailing exact airdrop eligibility criteria. However, based on available information from official sources, here are the known potential eligibility factors:

1. Early Access Program (Water Margin Event)

  • Users could earn BounceBit points by participating in the Water Margin Event.
  • Participation required an invite code (available via Discord or X).
  • Users had to deposit supported tokens like:
    • Wrapped Bitcoin (WBTC)
    • Tether (USDT)
    • Bitcoin BEP2 (BTCB)
    • First Digital USD (FDUSD)
    • Multibit (MUBI)
  • Points were claimable every 24 hours, influenced by the amount of tokens deposited.
  • Some Boost and Swift cards provided additional rewards.
  • No explicit guarantee that points would convert into BB tokens, but this was implied.

2. Testnet Participation

  • Users interacted with BounceBit Testnet via testnet tokens.
  • Testnet tokens were obtained through Discord commands (e.g., !bb [wallet address]).
  • Eligible activities included:
    • Staking testnet BB tokens
    • Creating a BounceClub
  • BIT points (a testnet points system) may have contributed to airdrop eligibility.

3. Staking BTC and Other Assets

  • BounceBit emphasized BTC restaking as a core feature.
  • Users staking BTC and other assets during Early Access earned BounceBit points.
  • Staked assets were locked until May 2024, when withdrawals became available.

4. Mainnet Launch and Airdrop Distribution

  • Mainnet launched on May 13, 2024.
  • The BB airdrop occurred between 08:30 - 10:00 UTC that day.
  • BB tokens were automatically distributed to “all eligible users” before trading on KuCoin and Gate.io.
  • Eligibility likely included Water Margin Event participants and testnet users, though allocation details were never fully disclosed.

5. Social Media and Community Engagement

  • BounceBit ran Galxe campaigns, rewarding users for:
    • Following BounceBit’s X account
    • Joining Discord
    • Completing social tasks
  • Users had to connect their X and Discord accounts during Early Access.
  • Community engagement may have influenced airdrop eligibility.

Additional Information

  • Node Staking & Delegation: Validators stake both BBTC and BB, and users can delegate assets through Liquid Staking Derivatives (LSD).
  • Premium Yield Generation: Generates yield via Funding Rate Arbitrage; locking stBBTC allows for both staking and Premium Yield rewards.
  • Liquid Custody: Users receive Liquid Custody Tokens (LCTs) when depositing BTCB, FDUSD, WBTC, and USDT, reflecting their custodial holdings.
  • Bridging: LCTs can be bridged via MultiBit Bridge or Polyhedra’s zkBridge.
  • BounceClub: A Web3 ecosystem with customizable Clubs, offering DeFi, GameFi, and SocialFi applications.
  • Withdrawals:
    • Unstaking from Premium Yield requires a 7-day waiting period before funds can be accessed.
    • BBTC and BBUSD were redeemable starting May 20, 2024.
    • Profits from Premium Yield can be claimed every 14 days moving forward.

For more details, check the BounceBit Documentation.