🔥Don't be lazy and READ Well🔥 Guys don't miss this opportunity, Probably an easy x100 project as BounceBit (BB) Megadrop Is Now Open: Subscribe to BNB Locked Products or Complete Web3 Quests to Participate! This is going to be big & all the information about this launch is found in this article.
💸What Is BounceBit (BB)💸
$BB or BounceBit is the first ever native BTC Restaking chain. It's a relatively new project with its own blockchain designed specifically for restaking Bitcoin. Restaking is the process of taking staked cryptocurrency and staking it again in a DeFi protocol to earn additional yield. Bitcoin itself cannot be staked traditionally, so BounceBit created a system where users can deposit their Bitcoin (BTCB on Binance Smart Chain) and earn rewards through a combination of Proof-of-Stake (PoS) and CeFi (Centralized Finance) mechanisms.
🟢 Native BTC Restaking Chain: BounceBit is the first blockchain specifically designed for restaking Bitcoin.
🟢 Dual-Token PoS System: The network is secured by staking both Bitcoin and BounceBit's native token (BB). This system leverages the security of Bitcoin with the flexibility of a PoS blockchain.
🟢 Mixed DeFi and CeFi Yields: BounceBit offers users the ability to earn yields on their BTC through a combination of DeFi and CeFi mechanisms. This allows users to potentially earn higher yields than they could with traditional staking methods.
🟢 BB Coin Utilities: The BB coin has several utilities on the BounceBit platform, including staking, gas fees, governance, and use as a currency within the BounceBit ecosystem.
Overall, BounceBit is a new project with a unique approach to restaking Bitcoin.
🔴IMPORTANT🔴
Binance will be the first platform to list the token mentioned herein. Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds.
This is a general announcement. Products and services referred to here may not be available in your region.
This is the biggest news since $BTC halving as Binance announced the first project on Binance Megadrop - BounceBit (BB), a BTC restaking chain. Users can start participating in the BounceBit Megadrop from 2024-04-26 00:00:00 (UTC). The BounceBit Megadrop page is estimated to be available on the Binance App in five hours.
⏳ Listing Date ⏳
Binance will then list BounceBit (BB) at 2024-05-13 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. Read about BounceBit (BB) in our research report.
💡BounceBit Megadrop Period 💡
2024-04-26 00:00:00 (UTC) to 2024-05-12 23:59:59 (UTC)
BNB Locked Products Snapshot Period:
To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2024-04-26 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ.
Web3 Quest Period:
Users may complete Web3 Quest(s) during the Quest Period.
Web3 Quest 1: “Stake 0.0001 BTCB to BounceBit” (Tutorial)
2024-05-13 06:00:00 (UTC)
Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Wallet.
🪙BounceBit Megadrop Details🪙
Token Name: BounceBit (BB)
Max Token Supply: 2,100,000,000 BB
Megadrop Token Rewards: 168,000,000 BB (8% of max token supply)
Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply)
Smart Contract Details: BounceBit
User Eligibility: KYC required in eligible jurisdictions
Hard Cap per User: 1,344,000 BB
Rewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
Locked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount x 130) + (Average 90-day BNB Locked Amount x 120) + (Average 60-day BNB Locked Amount x 110) + (Average 30-day BNB Locked Amount x 100)
Web3 Quest Multiplier: 1.5
Web3 Quest Bonus: 1,000
💰How to Get Started With Binance Megadrop💰
Log into your Binance account.
Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Create your first Web3 Wallet now if you have not yet done so.
After completing all the designated Web3 Quest(s), click on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.
Receive Megadrop rewards based on your Total Score.
✨Notes✨
External wallets imported to Binance Web3 Wallet will not count. Only backed-up wallets that are created in Binance Web3 Wallet may participate in Megadrop events.
About BNB Locked Products
For the calculations of Locked $BNB Score, the "30 Days" multiplier will apply to all BNB Locked Products subscriptions with a duration of less than 30 days (e.g., 15 days).
Users will receive different scores for each active subscription based on the subscription period. The longer the duration, the higher the Locked BNB Score. Refer to the BNB Locked Products page for the latest APRs and maximum subscription limits.
Users may receive both Megadrop and Launchpool rewards at the same time (where applicable). There is no need to redeem $BNB Locked Products positions to participate in Launchpools.
🌿 Conclusion 🌿
Whether you participate in the Web3 tasks or buy on launch, my advice is not to miss this coin as you will be getting in this big project from scratch. This is a top 50 potential so be smart & start planning your budget from now...
I will definitely update you on this project as we get closer to the event🔥
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🖋️ By @CryptoVenom
