Trading Pairs: BB/BTC, BB/USDT, BB/BNB, BB/FDUSD & BB/TRY
BounceBit is building a BTC reset infrastructure that provides a foundation layer for various reset products, secured by the regulatory custody of Mainnet Digital and Ceffu. The BounceBit Chain, designed to introduce staking products in the BounceBit ecosystem, is a Layer 1 PoS secured by validators staking both BTC and BounceBit's $BB native token — A Token System Dual quote leverages the security of native Bitcoin with full EVM compatibility. Critical ecosystem infrastructure such as bridges and oracles secured by BTC are reset. Through its innovative CeFi + DeFi framework, BounceBit empowers BTC holders to profit across multiple networks.
What is BounceBit? I have already discussed the analysis of the project in the previous post. In this post, I will focus on instructions on how to participate in MEGADROP.
Currently the mission portal is open, here are 2 ways to participate in Megadrop to receive BounceBit Tokens completely easily
Method 1. Lock BNB
- The more BNB you lock for a longer time, the higher your reward points
- You can withdraw at any time, but you must accept the loss of rewards and wait 48 - 72 hours for BNB to return to Spot wallet
- Locked BNB still counts towards Launchpool
- If you have previously locked BNB in Simple Earn, keep it intact, Binance will automatically take a snapshot
- AEs without BNB can still participate in the Megadrop but the score will be lower and fewer tokens will be divided
Snapshot time: 07:00 April 26, 2024 - 06:59 May 13, 2024
Go to Simple Earn https://www.binance.com/en/earn/simple-earn?asset=BNB and LOCK BNB ASAP
→ Access Earn Section → Simple Earn → Select BNB → Select Duration (Number of Lock Days) → Subscribe
Method 2. Complete the Web3 task: Use Binance Web3 Wallet to complete the first BounceBit task: "Stake 0.0001 BTCB on BounceBit"
Sequence of how to create a Web 3 wallet and how to transfer BNB and BTC from Binance to Web3 Binance Wallet
- How to create Binance Web3 wallet
1/Download the Binance app (if you don't have it yet)
2/ Log in to Binance app.
3/ Navigate to the "Web3" tab at the top
4/ Create a wallet (basic like Metamask)
- How to transfer BNB, BTC from the exchange to Binance Web3 Wallet → To withdraw BNB, BTC from Binance to Binance Web3 Wallet, we do the following
5/ Go to the Home page of your Binance Web3 Wallet.
6/ Click "Transfer".
7/ Select "BNB" "BTC" as the currency.
8/ Select "BNB Smart Chain (BEP20)"
9/ Proceed to "Transfer"
10/ Enter withdrawal amount → Confirm withdrawal.
-> Then return to the home page on Binance App -> Click MEGADROP on the search bar -> Earn points -> Start now -> Ok -> Connect Web3 wallet -> Deposit 0.00011BTC -> Approve -> Confirm receive -> Return to "EARN POINTS" section in MEGADROP -> Verify -> DONE
How to calculate points:
Total Points = (Locked BNB Points * Web3 Quest Multiplier) + Web3 Quest Bonus
(Note: Web3 Quest Multiplier: 1.5 and Web3 Quest Reward: 1,000)
-> Rewards distributed at 13:00 May 13, 2024 (4 hours before listing)
Important notes:
- External wallets such as Metamask, Trustwallet, etc. imported into Binance Web3 Wallet will not be counted.
If you have any questions about how to do this, you can ask me. I wish you great success in this BounceBit Megadrop project.
Register an account to get 20% discount on education fees https://accounts.binance.com/register?ref=456271924
#Binance #Megadrop
