What is Airdrop for cryptocurrencies and how to stay up to date with the latest developments?
In the world of cryptocurrencies, an airdrop is a free distribution of coins to wallet addresses. It is considered a marketing strategy used by blockchain startups to increase interest and adoption of their new project.
There are two main types of airdrops:
Hold to Profit: Here, you simply need to hold a certain amount of cryptocurrency in your wallet at the time of the “screenshot” or “snapshot” (when they decide who qualifies).
Rewarded Airdrops: These offers require you to complete tasks to get free coins, such as following the project on social media or joining their online communities and performing some tasks on the protocol or project that will be distributing the airdrop.
Stay up to date on cryptocurrency airdrop offers
Here are some platforms to track legitimate airdrops:
CoinMarketCap: The popular cryptocurrency site CoinMarketCap often has listings of airdrop offers.
DappRadar: This platform tracks decentralized finance (DeFi) projects and often contains information about top airdrops.
Airdrops.io: This website is dedicated to listing current and upcoming airdrops.
Binance's new Megadrop platform 🚀
What is Binance Megadrop?
Binance Megadrop is a new token launching platform that seamlessly integrates Binance Simple Earn products and the Binance Web3 wallet, reinventing the free distribution experience. Megadrop gives users early access to select Web3 projects before they are listed on Binance.
This unique combination of interactivity, education and rewards makes Megadrop an unparalleled interactive experience within both Binance and the broader cryptocurrency ecosystem.
Who can participate in Megadrop?
Please note that you must be from an eligible jurisdiction to participate in the Megadrop. Please refer to the Megadrop announcement for a list of restricted countries and regions.
For example, if you cannot use Binance Earn but have access to the Binance Web3 wallet, you can still participate by completing Web3 tasks. Likewise, if you cannot use the Binance Web3 wallet but can use Binance Earn, you can stake BNB tokens In reserved products to collect points.
Please note that the list of excluded countries mentioned is not exhaustive and may be subject to changes due to evolving local rules or regulations or other considerations. The list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
How to access Binance Megadrop?
1. Log in to your Binance account and go to [More] - [Megadrop].
1. Log in to your Binance account and go to [More] - [Megadrop].
2. You will see a list of the selected Web 3 projects. Click on an ongoing project to access its details page.3. Under the [Task] tab, you can complete different tasks to earn points and get rewards. You will also see the participation period, reward distribution, and coin listing time for the project.
How to earn points in Binance Megadrop?
There are different ways to earn points, such as subscribing BNB tokens in BNB Reserved Products from Simple Earn, or linking a Web3 wallet to a project. You can refer to the project page to see what tasks are available.
Please note that subscription to reserved BNB products is not mandatory. You can participate in the Megadrop without subscribing to any reserved BNB products.
1. Reserve a BNB
1.1. Scroll down to the [BNB Reserve] section. You will see the available subscription periods. Your score is determined by the amount of BNB coins subscribed and the length of the subscription period. Longer subscription periods receive a higher score.
Please note that your score may vary due to daily subscription fluctuations. Score is calculated based on averages from daily credits.
1.2. Click on [Subscribe] and you will be redirected to the Simple Earn reserved BNB products page. Follow the instructions to subscribe BNB tokens in reserved products.
1.3. You will see [Reserved] after you successfully complete this task.
2. Complete web tasks 3
To participate in Web3 tasks, you must have a Binance Web3 wallet. Learn how to create a Web3 wallet here, if you don't have one yet.
2.1. You can earn points by completing tasks under [Complete Web Tasks 3]. Here are some examples of tasks: Please refer to the project page to see what tasks are available.
To participate in a task, click on [Earn Points].
2.2. Read the mission description and tutorial. Click on [Start Now].
2.3. Follow the instructions to complete the task. After that, press [Verify] on the [Task Details] page and the system will verify that the task is completed.
2.4. Once verified, you will see the [Task Complete] pop-up window, and a [Completed] mark on the [Task Details] page.
Click [View Task] to return to the project page.
You can view the status of your task on the project page. Your score will also be automatically calculated under [Bonus Information].
Your score will be updated on the project page in real time. Please note that this score is not final and will change based on daily reserved BNB balances and Web Task 3 completion status.
After the end of the participation period, the system will calculate your final points total and distribute the rewards to your instant wallet during the distribution period shown on the project page.
You can check the Megadrop reward in your Instant Wallet by visiting [Wallets] - [Instant].
For more information please visit the following page