👀The first project to launch on Megadrop is BounceBit (BB), a layer 1 blockchain focused on BTC restaking that has been invested by Binance Labs👀 $BTC $BNB $SOL

1️⃣Token name: BounceBit (BB).

2️⃣Maximum total supply: 2,100,000,000 BB.

3️⃣Megadrop token reward: 168,000,000 BB (accounting for 8% of total supply).

4️⃣Initial circulating supply: 409,500,000 BB (accounting for 19.5% of total supply).

🔶BounceBit project analysis on Binance Research https://binance.com/en/research/projects/bouncebit

📉 Megadrop and Binance Launchpool have some differences such as:

🟢How to participate:

_Megadrop allows users to participate by registering BNB and/or completing Web3 tasks.

_Binance Launchpool only allows users to participate by registering BNB or a specified number of tokens.

🟢Token registration:

_Megadrop only uses BNB Locked Products for token registration.

_Binance Launchpool is more diverse as it allows users to register tokens using BNB Locked Products, BNB Vault or lock directly into Launchpool.

🟢How to calculate rewards:

_Megadrop rewards are based on the amount of BNB the user has locked and the lock time, plus the completion of the Web3 Quest.

_Binance Launchpool rewards are based on Launchpool registration volume.

🟢Enhanced rewards:

_Megadrop allows users to boost their rewards by completing tasks in Binance Web3 Wallet.

_Binance Launchpool does not allow users to do this.

🟢Reward distribution:

_Both Megadrop and Binance Launchpool distribute rewards to users' Binance Spot wallets.

🟢Project type:

_Binance Megadrop only supports new tokens.

_Binance Launchpool supports both new and existing tokens.

#binance #tradinginsight #SHIB