What is Megadrop?
This is a new product from Binance, a new token launch platform with airdrops and Web3 tasks, where users can subscribe BNB to Fixed Products and complete tasks in Web3 Wallet to receive rewards early from selected Web3 projects, before the tokens of these projects are listed on the Binance Exchange.
This is a platform similar to Launchpool, but combines tasks on Binance's Web 3 wallet for users to use and know how to operate better. By doing simple tasks, users will earn points to receive rewards later.
Total Points = (Locked BNB Points * Web3 Task Multiplier) + Web3 Task Rewards
BouceBit will be the first shot for Binance to introduce this product to users. Let's find out a little, what is BounceBit?
What is BounceBit?
BounceBit is a project working on BTC staking where funds are secured through the regulated custody services of Ceffu, Mainnet Digital, and Fireblocks. With TVL at the time of writing, it is about more than 1 billion USD. This project allows users to farm with BTC or FDUSD to earn points that will later be airdropped to users.
Assets that generate interest through arbitrage strategies are managed by experienced asset managers, users will be issued a token called bounceBTC (BBTC), which is then delegated for node operators to return vouchers to stakers. This staking derivative can then be restaking to other security clients such as sidechains, bridges or oracles.
The story of restaking, as mentioned in previous articles, will be a big story throughout this uptrend season. Obviously, this is a very interesting project that brings staking on the Bitcoin network into play.
How to participate in Megadrop on Binance
Lock BNB
Step 1: Go to Earn section
Step 2: Search for BNB. Select 15-120 days
(You can choose a fixed lock from 15 to 120 days, the longer the lock, the higher the score coefficient)
Step 3: Select quantity and click “Next” to complete the step of locking BNB on the exchange
Information about APR when locked on the floor
Create a Web 3 wallet on Binance
If you don't know how to create one, you can refer to it here
Complete Web 3 quest
Update….
(Currently I don't see any tasks, please just lock BNB first on the exchange and wait for new updates from the team)
summary
It's clear that Binance knows how to create attractive "new games" to attract users, as well as encourage and guide users to use Web 3 wallets. Let's wait and see, the first project launched on Megadrop will be How exciting it will be to be listed next time!
