NEW! 📣Binance #BounceBit Megadrop! 🤑

What is Binance Megadrop?

Binance Megadrop is a new special format where you can get new tokens before they're available to everyone. It's like a mix of Binance Simple Earn and Binance Web3 Wallet. It's a way to learn about new projects in the crypto world and get rewards for it. 🤓

Megadrop makes it easy, fun and rewarding to be part of the crypto community on Binance.🔥

How to find the Binance Megadrop on Binance?

1) Log in to your Binance account and go to [More] - [Megadrop].

2) Opt-in for BNB Locked Products and/or finish all specified Web3 Quests through Megadrop on the Binance App to earn points. To complete Web3 Quests, ensure you have an active Binance Web3 Wallet. If you don't have one yet, create your first Web3 Wallet now.

3) Once you've completed all the specified Web3 Quests, click the [Verify] button on the Megadrop project page before the Quest Period ends to successfully receive the Web3 Quest Bonus and Web3 Quest Multiplier.

3) Get Megadrop rewards based on your Total Score. Total score = = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus)🎁

Still no Binance account?

Sign up here👇

https://accounts.binance.com/en/register?ref=O22ARWES

What is BounceBit ?

BounceBit is building a $BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu.

The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both $BTC and BounceBit’s native token – A dual-token system leveraging native Bitcoin’s security with full EVM compatibility.

Critical ecosystem infrastructure like bridges and oracles are secured by restaked $BTC. Through an innovative CeFi + DeFi framework, BounceBit empowers $BTC holders to earn yield across multiple networks.

Dual-Token Staking Consensus

BounceBit introduces a Proof-of-Stake (PoS) consensus mechanism that rethinks conventional single-token staking models. This approach is a strategic innovation designed to enhance network security and engagement of network participants

BTC Bridge

The $BTC Bridge in the BounceBit ecosystem serves as the secure conduit for the transfer of BTC Tokens between the Bitcoin Network and EVM Chains, including BounceBit.

This bridge is integral to the functionality and security of the BounceBit network, playing a crucial role in the seamless integration and movement of assets.

Yield Structure

BounceBit’s $BTC Yield Generation System is a multifaceted framework designed to maximize the potential yields for Bitcoin holders within its ecosystem.

The system is divided into three primary yield streams, each offering unique opportunities for users to grow their Bitcoin assets. Below is an in-depth exploration of each yield stream based on the provided diagram.

● Token Name: BounceBit ($BB)

● Max Token Supply: 2,100,000,000 $BB

● Megadrop Token Rewards: 168,000,000 $BB (8% of max token supply)

● Initial Circulating Supply: 409,500,000 $BB (19.5% of max token supply)

● User Eligibility: KYC required in eligible jurisdictions

● Hard Cap per User: 1,344,000 $BB