Bullet & Bullbit — Early Perp Testnet/Points Farming Strategic Guide

Project Alpha: Bullet (Solana Ecosystem) & Bullbit (Base/BullChain Testnet)

Potential Rewards: Weekly point distribution (releasing late August), P&L rewards in stables, Bug Bounty incentives, and future network tokens.

Quick Info Block

  • Bullet Funding: $13.53M from Anatoly Yakovenko, Solana Ventures, Wintermute, Electric Capital, Jump Capital
  • Bullet Status: Private invite access / Points program starting end of August
  • Bullbit Funding: Supported by Alpha Capital, SR AI, M2M Capital, Maven Capital | Current FDV for $BUBI is $180m denied via certain exchanges
  • Bullbit Cost: Free (Testnet faucet available) or any amount if trading on main platformt - please check app status

⚠️ Critical Notes

  • Sybil Protection/Account Warmup: For Bullet, it is critical to warm up accounts early because there are currently only ~1k+ farmers active, providing a low-competition entry window.
  • Tokenomics Alert: Bullbit has allocated 55% of total supply specifically for the ecosystem and Airdrop, making activity highly meaningful.
  • Bug Reporting: When using the Bullbit testnet, submitting bugs found during usage acts as an additional wayto qualify for rewards through their Bug Bounty mechanism.

⚡ Strategy & Lifehacks

Optimization Priority:

  • Max Yield Path ($): Use specialized vaults like BLP Vaults in Bullet rather than just standard trading to maximize point accumulation per dollar traded.
  • Tiering Alpha: Focuson increasing your 'Tier' by hitting volume targets regularly으로 maintain high standing before potential snapshots.
  • Efficiency Hack (Bullbit): Instead of manual signups, use any nickname or identifier allowed via Sign Up on app.bullchaintestnet.ai to skip complex registration processes immediately.

Action Steps

Phase 1: Bullet Points Farming

  1. Access https://app.bullet.xyz/ if available under private invite.
  2. Connect wallet and focus on generating trade volume.
    Pro-tip: Utilize http://app.bullet.xyz/borrow-lend [Borrow + Lend] service once comfortable with basic swaps. Advanced tip: Maximize points exposure using the http://app.bullet.xyz/vaults [BLP Vault].
  • Regularly check for Tier upgrades based on activity levels prior to heavy competition increases.
  • Phase 2: Bullbit Testnet Activity (Free)

    1. Visit https://app.bullchaintestnet.ai/ and perform a quick

    ! DYOR (Do Your Own Research)