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Bounce’s new project BDID is here, we’ll teach you step by step how to participate

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The first phase of the Bitcoin ecological project BSSB once increased by more than 45 times.

Original Title: "Bounce's New Project BDID is Here, Step-by-Step Guide on How to Participate?"

Original Author: Nan Zhi, Odaily Star Daily

On December 11th, Bounce Finance announced the launch of a new Launchpad project, which is the BDID service platform on the BTC L2. Due to the amazing 45x increase of the first Bitcoin ecological Launchpad project, BitStable Finance (BSSB), the market has high expectations for BDID. Odaily will provide a detailed introduction to the project background and related data to help investors make decisions.

One, Project Introduction

BTC Native DID Service Platform

GoDID is a decentralized identity (DID) marketplace aggregator, currently providing services for ENS, Space ID, and Bitcoin Ordinals DID. The ENS module supports its entire lifecycle, including search, registration, transaction, and management.

GoDID enhances the user experience of ENS through various tools and rankings, such as bidding by category, advanced sniping, and cross-market listing, and has a comprehensive classification system with 144 different categories for easy user search and trading activities.

而 Bdid 是 GoDID 所孵化的一站式平台，面向比特币生态去中心化身份 DID 提供服务。

And Bdid is a one-stop platform incubated by GoDID, providing services for decentralized identity DID in the Bitcoin ecosystem.

Bdid 是什么？

Bdid is what?

Bdid will initially support a range of mainstream DIDs in the Ordinals ecosystem, such as .sats, .bitmap, .btc, .x, .brite, and .unisat, providing registration, transaction, and management services.

Subsequently, the Bdid project plans to develop innovative derivative products for the Ordinals DID ecosystem, with the aim of increasing the circulation and value of Ordinals DID. In addition, Bdid.io will also strive to reduce the differences between various DID protocols on the BTC Layer 2 and enhance the connection and collaboration between different DIDs in the ecosystem.

BDID is the project token of Bdid, and its specific utility has not been disclosed yet. Most of it is used for Bounce Launch, and a small portion is used for mining or distributed to the GoDID team.

BDID Token Distribution

Total: 500,000,000 coins

Launch allocation: 400,000,000 tokens (80% of total supply, with 20% for lottery, 40% for AUCTION staking, and 20% for DAII staking).

Liquidity: 50, 000, 000 coins (10% of total supply)

Mining airdrop: 25,000,000 tokens (5% of total supply) for MUBI, BSSB, AUCTION, and WBTC, lasting for 50 days.

Team allocation: 25,000,000 tokens (5% of the total supply, locked for 6 months, released linearly over 12 months).

二、参与方式

translates to

2. Participation Method

This Launch supports three ways to participate: using AUCTION to purchase lottery tickets for the draw, using AUCTION to pledge and receive distribution quotas in proportion, and using DAII (the stablecoin issued by the previous Launch project) to pledge and receive distribution quotas in proportion. The details of the participation process are as follows:

1. Lottery Mode

Start Time: December 15th 21: 00 to December 17th 21: 00 (UTC+ 8)

Ticket price: 62.5 AUCTION per ticket.

Prize ticket sales volume: 300 张

Prize winning number: 150 张，each allocated 666, 666 BDID.

Participation process: Users need to use AUCTION to purchase lottery tickets for this participation, with a total of 300 tickets. Bounce will draw 150 winning tickets from them, and distribute 666,666 BDID tokens for each winning ticket. Due to the scarcity of tickets, it is expected that this part will be monopolized by scientists.

2.AUCTION Pledge Mode

Start Time: December 15th 21: 00 to December 17th 21: 00 (UTC+ 8)

Token distribution: 200, 000, 000 tokens (accounting for 40% of the total supply).

Allocation price: 1 BDID = 0.00009375 AUCTION (approximately 0.0017 USDT, corresponding to a total project market value of 85 million US dollars).

Allocation method: Over-subscription mode (same as the previous BSSB, the token allocation quantity is determined based on the proportion of investment amount to total investment amount).