Interpreting Binance Megadrop: How to participate in the first BounceBit event?
Author: Riyue Xiaochu
Binance launches new token issuance platform Megadrop, with BounceBit as the first phase.
Compared with launchpool, the main differences are 1) there is a multiple bonus on the profit from locking bnb 2) there is a bonus on the profit from completing tasks.
I think there are two core purposes:
1) More benefits for long-term BNB holders. Please note that the word âlong-termâ is used here.
2) Empowering Megadrop Project Parties
1 Lock BNB
In Megadrop, you can double your points by locking up BNB, and you can get 10 times the points by locking up up to 120 days. This is more friendly to long-term BNB holders. In the launchpool model, many people buy at the beginning and sell after the end, and hedge in the middle. There are also many people who borrow BNB from lending platforms to participate. Although there are some costs, the income is just a little less, and they are not BNB holders.