LIVE👀The first project to launch on Megadrop is BounceBit (BB), a layer 1 blockchain focused on BTC restaking that has been invested by Binance Labs👀 $BTC $BNB $SOL
1️⃣Token name: BounceBit (BB).
2️⃣Maximum total supply: 2,100,000,000 BB.
3️⃣Megadrop token reward: 168,000,000 BB (accounting for 8% of total supply).
4️⃣Initial circulating supply: 409,500,000 BB (accounting for 19.5% of total supply).
🔶BounceBit project analysis on Binance Research https://binance.com/en/research/projects/bouncebit
📉 Megadrop and Binance Launchpool have some differences such as:
🟢How to participate:
_Megadrop allows users to participate by registering BNB and/or completing Web3 tasks.
_Binance Launchpool only allows users to participate by registering BNB or a specified number of tokens.
🟢Token registration:
_Megadrop only uses BNB Locked Products for token registration.
_Binance Launchpool is more diverse as it allows users to register tokens using BNB Locked Products, BNB Vault or lock directly into Launchpool.
🟢How to calculate rewards:
_Megadrop rewards are based on the amount of BNB the user has locked and the lock time, plus the completion of the Web3 Quest.
_Binance Launchpool rewards are based on Launchpool registration volume.
🟢Enhanced rewards:
_Megadrop allows users to boost their rewards by completing tasks in Binance Web3 Wallet.
_Binance Launchpool does not allow users to do this.
🟢Reward distribution:
_Both Megadrop and Binance Launchpool distribute rewards to users' Binance Spot wallets.
🟢Project type:
_Binance Megadrop only supports new tokens.
_Binance Launchpool supports both new and existing tokens.
