There are exciting developments about Megadrop, Binance's new initiative, and BounceBit (BB), the first project on this platform. In this article, we will examine in detail what BounceBit and Megadrop are, how they work, and how Binance users can benefit from these opportunities.
What is BounceBit?
BounceBit is a Proof of Stake (PoS) Layer 1 blockchain system that can re-stake Bitcoin (BTC). This system forms the basis of various restaking products in the BounceBit ecosystem. The structure is secured by regulated custody provided by Mainnet Digital and Ceffu. BounceBit combines the security of native Bitcoin with Ethereum Virtual Machine (EVM) compatibility, allowing users to generate returns across multiple networks in an innovative CeFi and DeFi framework.
Binance Megadrop
Binance Megadrop is a platform that allows users to earn special token rewards by investing in certain token projects and completing certain tasks. The introduction of BounceBit on this platform allows users to be introduced to a new and potentially valuable token: BB.
Megadrop Details
- Token Name: BounceBit (BB)
- Maximum Token Supply: 2,100,000,000 BB
- Megadrop Token Rewards: 168,000,000 BB (8% maximum token supply)
- Initial Circulating Supply: 409,500,000 BB (19.5% maximum token supply)
- Event Dates: 2024-04-26 00:00:00 UTC - 2024-05-12 23:59:59 UTC
Getting Started Guide
1. Log in to your Binance account.
2. Subscribe to BNB Locked Products and/or complete designated Web3 Challenges.
3. Get the quest bonus and multiplier by clicking the "Verify" button on the Megadrop project page before the Quest Period ends.
4. Get Megadrop rewards based on your total score.
Reward Calculation
Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
- Locked BNB Score: Calculated based on the average locked BNB amount and number of days.
- Web3 Task Multiplier: 1.5
- Web3 Task Bonus: 1,000
BNB Locked Products
It is an investment tool where you can earn fixed returns by locking BNB for a certain period of time. BNB locking can increase your score for Megadrop participation.
BounceBit Listing and Trading Pairs
Binance will list the BB token as of 2024-05-13 10:00 UTC and open trading with trading pairs BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, BB/TRY.
Useful Links
- Binance Ăyelik: https://accounts.binance.com/register?ref=K6WQ7GLJ
- Binance Megadrop Detayları: https://www.binance.com/en/support/announcement/bouncebit-bb-megadrop-is-now-open-subscribe-to-bnb-locked-products-or-complete-web3-quests-to-participate-a0a11e79467e4ee6a937348005f7c84f