#Binance thrilled to announce it Megadrop
Binance Megadrop; A New Approach, to Discovering Tokens
Introducing Binance Megadrop; Binance is thrilled to announce the launch of Megadrop, a platform that changes how users engage in launches. Megadrop offers an experience that combines learning, interaction and rewards.
Get Access to Web3 Projects; No need to wait for tokens to be listed on the exchange anymore. With Megadrop you can access previews of selected Web3 projects before they become widely available.
How to Participate in Megadrop
There are two ways to participate in Binance Megadrop
1- Simple Earn Participation; Deposit your BNB into Locked Products within Binance Simple Earn. This easy method allows you to earn points towards your Megadrop rewards effortlessly.
2- Web3 Wallet Quests; Engage in fun quests designed to enhance your knowledge of Web3 concepts. Completing these quests will earn you points that boost your score, in Megadrop.
The score is then utilized to determine the portion of the allocated pool you get for every Megadrop endeavor.
Be a Part of Token Discoverys Future; Binance Megadrop introduces a phase in exploring tokens. With its approach Megadrop empowers users to actively participate in the future of Web3 while having the opportunity to benefit from projects.
How Megadrop will Work?
Firstly log in to your Binance account. How cool is that! Head over to the "more section" on Binance. Make sure to check out the Megadrop" feature hidden there.
You'll discover a lineup of cutting edge Web3 projects waiting for you. Choose one that catches your interest and dive into its specifics.
In every project there's a "Quest" segment where you can accomplish tasks gain points and access rewards.
Boost Your Megadrop Rewards; Top Two Strategies
1. BNB Locking Strategy
You have options to accumulate points like staking your BNB in Simple Earns BNB Locked Products or linking your Web3 Wallet to a project. Check out the project page, for the quests you can take part in.
1.1. Lock your BNB for different subscription periods.
1.2. Now you will tap on the subscribe button and you will go to locked products page
1.3. When there is the appearance of Locked the lock is completed
2. Web3 Wallet Tasks
Unlock a variety of points, by connecting your Web3 Wallet to projects on Megadrop and embarking on quests. Each completed quest earns you points propelling you higher in the ranks, within Megadrop.
2.1 Now you will click on Earn Points to participate in the task
2.2. Now you have to click on ( Start Now )
2.3. After the completion of Task click on ( Verify )
2.4. When you complete your task there will be a button appears ( Task Completed )
How to calculate your score for Megadrop
1. BNB Locking Calculation
Your score depends entirely on how you lock your subscription for. The longer the duration the higher your score will be. You have the option to lock for 30, 60, 90 or 120 days.
For instance if User A locks their BNB for 45 days the system will consider it as a "30 day" lock duration resulting in a score boost based on the "30 Days"
2. Completion of Web3 Quests
Completing Web3 tasks can improve your score significantly. When you finish all tasks your base task score will receive a percentage boost along, with earning bonus points.
For example if the score multiplier is set at "3". Your base quest score is 1,200 upon completing all quests your total score would be calculated as (1,200 * 3) + 50 = 3,650.
Reward Distribution Details
Your progress will be regularly updated on the project page. Remember, these points are subject, to change. May differ based on your BNB balance and the status of your completion of Web3 quests.
At the end of the participation period the system will compute your score and rewards will be deposited into your Spot Wallet within the distribution timeframe indicated on the project page.