TechFlow News, BounceBit, a Bitcoin staking chain launched by Bounce Brand, announced the completion of a $6 million seed funding round led by Blockchain Capital and Breyer Capital, with participation from CMS Holdings, Bankless Ventures, NGC Ventures, Matrixport Ventures, DeFiance Capital, OKX Ventures, and HTX Ventures.
Jack Lu, founder and CEO of BounceBit, said the funding structure is a Simple Agreement for Future Equity (SAFE) with token warrants, but declined to comment on valuation. The testnet is expected to launch at the beginning of next month, with the mainnet going live in April, coinciding with the Bitcoin halving.
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