What is Binance Megadrop?
Simply put, this is an airdrop program (giving away) new coins that have not yet been opened for sale, but there is a very high possibility that they will be listed on Binance exchange only for Binance members. If you don't have a Binance account, register now [Click here] Receive 600 USDT Voucher Package at BINANCE for newbies.
You just need to do Web3 tasks and Lock BNB to earn reward points, thereby distributing free tokens.
Megadrop is Binance's new token issuance platform that was just launched on April 18, 2024. This platform is a combination of Binance Simple Earn and Binance Web3 Wallet to help people get early access to projects and receive airdrops before they are listed on Binance.
BNB holders will receive bonus points for staking BNB in the “BNB Locked Product” of Binance Simple Earn. Rewards include bonus tokens from the project in the Megadrop.
Additionally, users can also participate in Web3 Quest tasks in the Binance Web3 wallet to earn points.
SPECIAL: Megadrop runs in parallel with Launchpool. Users who lock BNB can still count Megadrop points and receive Launchpool rewards.
Although it was released a long time ago and after experiencing it quite fully, I am only now posting this article.
Instructions on how to participate in MegaDrop
1. Web3 wallet required on Binance app.
To check if you have a Web3 wallet, log in to your account on the Binance application, then select "Wallets". Next, select "Web 3" at the top of the screen. If you don't have a Web3 Wallet, register and create one on Binance's Web 3.
Next On the main screen of the application, select the ADD button, and find Megadrop. Click on the BOUNCEBIT project.
2. Lock BNB to receive Airdrop
You select the REGISTER BNB button and lock at least a fixed amount of BNB for 30 days or more. The more days, the more BounceBits you get.
3. Do Web3 tasks
After locking BNB, continue the web3 mission. We select the button to start the task. We will connect the wallet > deposit the prepared 0.000111 BTCB (Still BSC - Bep20). After depositing, go back and select VERIFY in the MEGADROP section to complete all the tasks when participating in MEGADROP BOUNCEBIT.
How to calculate points
BNB LOCK Points = BNB Number*120 (if locked for 90 days). If you do more WEB3 Quests, the score coefficient will be multiplied by 1.5 times and an additional 1000 points will be added. This will be temporarily calculated as (Number of BNB120)x1.5 + 1000 Binance renewed with Megadrop
Binance innovates with Megadrop
Binance has taken the airdrop concept one step further with the introduction of the Binance Megadrop. This innovative platform not only distributes tokens but is also a comprehensive ecosystem that integrates Binance Simple Earn and Binance Web3 Wallet, enhancing user interaction with Web3 technology.
Key features of Binance Megadrop
Integration with Binance Services: The platform combines features of existing Binance services such as Binance Simple Earn and Binance Launchpool, providing a seamless experience for users.
Engagement and education: Binance Megadrop encourages active engagement and learning, giving users a deeper understanding of the projects they are investing in.
Early access to tokens: Users get early access to tokens of promising Web3 projects before they are listed on the Binance exchange, potentially reaping significant rewards.
Compare the old method (Airdrop) and the new Megadrop
While traditional airdrops focus primarily on token distribution, Binance Megadrop enhances this approach by integrating educational elements and interactive tasks that enrich the user experience. This not only helps with token distribution but also helps build an informed community about new projects.
Binance's approach reflects a significant evolution over traditional airdrop methods, providing a more structured and beneficial experience for users. This change not only supports token distribution but also promotes comprehensive understanding and engagement with the underlying projects, setting a new standard in the crypto rewards landscape.