Project Description:
Binance’s newly launched Megadrop platform is an innovative token issuance and airdrop mechanism that combines BNB regular product subscriptions and Binance Web3 wallet task completion to provide users with a brand new way to participate in new projects.
The goal of Megadrop is to expand the coverage of the concept of "new listings" and bring new vitality to Binance Web3 wallet and BNB, providing longer-term scenario empowerment. The first project of the Megadrop platform is BounceBit (BB), a BTC re-staking public chain, marking Binance's further expansion in the field of cryptocurrency.
Project Rules:
1. Participation conditions:
Users need to have a Binance account and have installed the Binance Web3 wallet.
2. Locked BNB points accumulation:
- Users can apply for BNB regular products on the Binance Coin platform.
- Points are accumulated based on the amount of BNB purchased and the length of the purchase period.
- The longer the subscription period, the higher the accumulated points.
3. Web3 task completed:
- Users accumulate points by completing tasks specified on the Megadrop project page through the Binance Web3 wallet.
- Tasks may include social media following, community interaction, etc.
4. Points bonus:
- Users who participate in the regular BNB purchase will receive additional points when completing Web3 tasks.
5. Participation Restrictions:
- Only wallet addresses created and backed up through the Binance Web3 wallet can participate in the Megadrop.
6. Reward calculation:
- The user's final points are determined by locked BNB points, Web3 task points and points multiplier.
- The formula is: user's final points = (locked BNB points * Web3 task multiplier) + Web3 task points.
7. Reward Distribution:
- Megadrop rewards are distributed based on the proportion of the user's final points to the total final points of all eligible users.
8. Risk Warning:
- Before participating, you should fully understand the project risks and carefully assess your personal risk tolerance.
9. Summary:
- Megadrop provides investors of different sizes with the opportunity to participate in new projects. Both large and small investors can receive rewards through the platform.
Please note that this article is for project literacy purposes only. In actual operations, please refer to Binance's official announcements and guidelines. Before participating in any investment activities, be sure to conduct sufficient research and risk assessment. #Megadrop #Launchpool
