According to an official announcement: Binance heralds a new era in token launches with the unveiling of 'Binance Megadrop', an interactive token launch platform that merges Binance’s 'Simple Earn' and 'Web3 Wallet' features, aiming to revolutionize the airdrop experience. With Megadrop, Binance users can subscribe to BNB Locked Products or complete tasks in Web3 Wallet for an earlier opportunity to earn rewards from chosen Web3 projects before they get listed on Binance Exchange.

The inaugural project on Binance Megadrop will be BounceBit (BB), a BTC restaking chain. With the details as follows:

- Token Name: BounceBit (BB)
- Maximum Token Supply: 2,100,000,000 BB
- Megadrop Token Rewards: 168,000,000 BB (8% of the maximum token supply)
- Initial Circulating Supply: 409,500,000 BB (19.5% of the maximum token supply)

Users can start participating in Binance Megadrop by logging into their Binance account, ensuring they have an active Binance Web3 Wallet, subscribing to BNB Locked Products, and/or completing the Web3 Quests to gather scores. User's Megadrop rewards will be calculated based on the proportion of their Total Score to the Total Scores of all qualifying users.