BitStable Price (BSSB)

BSSB Staking Rewards Explained

• Staking Process: Users stake DAII (a BRC20 token) to earn BSSB rewards.
• Reward Structure:A fixed daily reward of 0.1% is distributed for 365 days, based on the weight of each stake. Using BSSB can increase the weight of your staked DAII.
• Total Supply: 21,000,000 $BSSB
• Total raise on public sale: 500, 000 USDC

$BSSB Token Launch on Bounce will be conducted in 2 rounds: 

• 60% for a Staking Auction (Stake AUCTION tokens to earn proportional $BSSB allocations)
• 40% for a Fixed Price Auction (1 $BSSB = 0.0000233 ETH)

Bridging and Token Conversion with MultiBit

• DAII on Different Blockchains: DAII minted on the Bitcoin blockchain can be converted to an ERC20 token on Ethereum.
• Token Swapping:DAII can be exchanged at a 1:1 ratio with stablecoins like USDC or USDT on the Ethereum network.
• Partnership with MultiBit Bridge:This enables cross-chain transfers between Bitcoin, Ethereum Virtual Machine (EVM) compatible networks, and other Layer 1 blockchains.
• Redemption Process:To retrieve collateral or USDT on Ethereum, users must redeem DAII on the BitStable platform, balancing out the original transaction.

Overcollateralization and Liquidation Mechanics

• Safe Overcollateralization Rate: The BSSB protocol establishes a high overcollateralization rate to reduce liquidation risks, assuming a 50% ratio. This implies you receive DAII equal to 50% of your collateral's value.
• Liquidation Plan:Despite the high overcollateralization rate, a liquidation strategy is in place for safety, with the 'Health factor' serving as a reference metric.

BitStable(BSSB) token pre-sale platform

• Bounce: app.bounce.finance
• Bounce: app.bounce.finance