Binance has unveiled BounceBit (BB) as the inaugural project on its Binance Megadrop platform, introducing a BTC restaking chain. The Megadrop event will commence on April 26, 2024, allowing users to engage in various activities to earn BB tokens until May 12, 2024. BB tokens will be listed on Binance on May 13, 2024, with trading pairs including BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY. The maximum token supply for BB is 2.1 billion, with 8% allocated for the Megadrop rewards. Users can participate by subscribing to BNB Locked Products and completing designated Web3 Quests. The calculation of rewards involves a formula based on Locked BNB Score, Web3 Quest Multiplier, and Web3 Quest Bonus. KYC verification is required for user eligibility, with a hard cap per user set at 1,344,000 BB. Note: Certain regions may have restrictions on participation, and the announcement emphasizes the importance of conducting thorough research for safety.
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