Dear Binance users,
Binance is excited to announce the first project on Binance Megadrop - BounceBit (BB), a BTC reconstitution chain. Users can start participating in the BounceBit Megadrop from 2024-04-26 00:00:00 (UTC). The BounceBit Megadrop page should be available on the Binance app within five hours.
Binance will then list BounceBit (BB) on 2024-05-13 at 10:00 (UTC) and open trading with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY trading pairs. The Seed tag will be applied to BB.
BounceBit Megadrop Period:
2024-04-26 00:00:00 (UTC) to 2024-05-12 23:59:59 (UTC)
Locked BNB Product Snapshot Period:
To maximize locked BNB scores, users can start locking their BNB in Locked BNB Products before 2024-04-26 00:00:00 (UTC), as hourly snapshots of user subscription amounts will be taken during this period. For more information on Locked BNB Products.
Web3 Quest Period:
Users can complete Web3 quests during the quest period.
Web3 Quest 1: "Bet 0.0001 BTCB on BounceBit"
2024-05-13 06:00:00 (UTC)
Reward Distribution: Users can view their Megadrop rewards in the Binance Spot Wallet.
BounceBit Megadrop Details
Token Name: BounceBit (BB)
Maximum Token Supply: 2,100,000,000 BB
Megadrop Token Rewards: 168,000,000 BB (8% of Maximum Token Supply)
Initial Circulating Supply: 409,500,000 BB (19.5% of Maximum Token Supply)
Smart Contract Details: BounceBit
User Eligibility: KYC required in eligible jurisdictions
Hard Cap per User: 1,344,000 BB
Reward Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
Locked BNB Score (based on hourly snapshots during the Locked BNB Product Snapshot Period) = (Average Locked BNB Amount over 120 days x 130) + (Average Locked BNB Amount over 90 days x 120) + (Average Locked BNB Amount over 60 days x 110) + (Average Locked BNB Amount over 30 days x 100)
Web3 Quest Multiplier: 1.5
Web3 Quest Bonus: 1,000
