BounceClub Economy: The Road Towards Mainnet

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25 Mar 2024
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We are excited to share the plans for ensuring a secure & successful launch of BounceClub and the BounceBit App Store on Mainnet. Our approach will focus on rewarding the most active Testnet BounceClubs and bootstrapping the best BounceClubs on to BounceBit Mainnet.

Rewarding Testnet Participation

BounceBits Testnet was mainly characterized by BounceClub and the four initial available applications: Bitswap, Bitleverage, Bitstable, Bitstake.
The Top 6000 BounceClubs will receive a BounceClub on Mainnet. The ranking is based on the amount of BIT accrued during the event period (The event is still ongoing). BIT is generated by club members using the offered Apps within a club. The higher the activity, the higher the amount of generated BIT.

BounceClub Economy

On Mainnet launch BounceClubs will be pre-minted and the total supply of BounceClubs will be 7000 at genesis. BounceBit will reserve the first 1000 BounceClubs for the foundation, to give out as incentives and directly to ecosystem partners. The remaining 6000 will be distributed to the community as mentioned above.
Daily BounceClub Lottery
If you didn’t get a BounceClub from the Testnet Event, you can still get a BounceClub through partaking in a lottery. Every single day a BounceClub is generated and auctioned off on our own page in a lottery style. Everyone who wants a chance at a BounceClub can commit a certain amount of BB coins and enter the lucky draw pool. If you don’t win you will get your funds back, however if you are the lucky winner, you will get you will then be a proud owner of a BounceClub.
sneak peek
BounceClubs will be tradable and transferable on Mainnet.

BounceBit App Store

The BounceBit App Store is open to submissions on GitHub. If you are a developer or a project that is interested in listing your smart contract on the BounceBit App Store, go to https://github.com/BounceBit-Labs/BounceBit-App-Store and submit the required information by creating a merge request.
We will evaluate your application within a week and then get back to you about the result. Listing on BounceBit App Store exposes your application to the hundred thousands of users on BounceClub. We will host hackathon events online, as well as in-person with grants to be won!

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