The #Binance megadrop is now finally live but most of the people are not aware of the importance of Binance Megadrop.
Let's see what Megadrop is and how it works?
What is Binance Megadrop?
Binance Megadrop is a platform that merges airdrops and quests to create a loyalty program tailored for Web3 users. It provides an opportunity to engage in token launches and reap rewards.
Megadrop enables users to join crypto ventures before their tokens are officially listed on Binance exchange. This presents a chance to potentially profit from price surges token launch.
BounceBit as first Megadrop Project
BounceBit, available, on Binance focuses on reinvesting Bitcoin (BTC) by blending elements of Decentralized Finance (DeFi) and Centralized Finance (CeFi) in its CeDeFi architecture.
This setup enables BTC holders to generate income from avenues.
Take a look at BounceBits features, on Binance;
1. Bitcoin Restaking; BounceBit provides a platform for users to reinvest their Bitcoin offering the potential to earn rewards beyond holding BTC.
2. CeDeFi Approach; By integrating aspects of DeFi and CeFi BounceBit aims to bring users the advantages of both realms. DeFi offers transparency and higher returns while CeFi ensures an user friendly interface.
Participate in Binance Megadrop
To participate in Binance Megadrop the easy way is to search it on search bar and click on Megadrop to open it.
As you click on the Megadrop tab a new portal gets opened and there will be two options.
1. Lock BNB
2. Complete Web3 quests
By both of these options everyone can earn reward. Let's see in details how to get this done.
By subscribing and locking $BNB is more fruitful if you lock it for 120 days. You will get 1.49% and it is way better.
Other benefits of Locking BNB
By locking your BNB, you can participate in both Launchpool and Megadrop simultaneously, potentially earning rewards from both programs.
2nd Option of get Rewarded
The other option is Web3 quests. You have to create Binance Web3 wallet first and deposit 0.000111 BTCB in dApp of bounceBit. You should have BNB to pay gas fee.
After deposit of $BTCB go back to Megadrop and verify your quest.
Here your quest gets complicated and you are ready to get some reward but remember more to come.
Calculation of Reward
Your locked BNB points multiplied by a factor based on your Web3 task completion. This factor replaces Web3 task multiplier.
Period of Binance Megadrop $BB
It's start from 26th April and Ends on 12th May 2024 at 23:59 UTC
Reward will be distributed on 13 May 2024
$BB will be tradable on 13 May at 10:00 UTC
đ 168 million BB tokens, representing 8% of the total supply (2.1 billion), are allocated for Megadrop rewards.
Some Important Links to BounceBit
Website:
https://bouncebit.io/
Whitepaper:
https://docs.bouncebit.io/
X:
https://x.com/bounce_bit
