Binance Megadrop Introduction:
Binance introduced Binance Megadrop, which is a new token launch platform with airdrops and Web3 quests.
The platform integrates Binance Simple Earn and the Binance Web3 Wallet, offering users early access to rewards from selected Web3 projects before they are listed on Binance.
Completing Tasks Through Binance Web3 Wallet Steps
To complete tasks through the Binance Web3 Wallet for participating in the Binance Megadrop, you should follow these generalized steps:
Set Up Your Binance Web3 Wallet:
If you don’t already have a Binance Web3 Wallet, create one through the Binance platform. Make sure to securely store your backup phrase.
Complete Identity Verification:
Complete the necessary identity verification process on Binance to ensure eligibility for participating in Megadrop events.
Deposit Cryptocurrency in Your Binance Web3.0 Wallet:
Transfer the required cryptocurrency (such as BTCB, if specified) to your Binance Web3 Wallet to be ready for task engagement.
Connect Your Wallet:
Use the "connect wallet" feature within the Binance platform to link your Binance Web3 Wallet with the Megadrop tasks.
Approve Connection:
Confirm the connection when prompted to allow the Binance platform to interact with your Binance Web3 Wallet.
Engage in Web3 Quests:
Look for the Quests section within your Binance Web3 Wallet or the Binance platform.
Start completing the Web3 quests or tasks that are specified to earn points towards your overall Megadrop score.
Remember to follow all the instructions carefully and ensure that you are eligible to participate based on your jurisdiction and the terms of the event.
To lock BNB subscription in the BounceBit Megadrop:
To lock BNB subscription in the BounceBit Megadrop, you should follow these steps:
Log into Your Binance Account:
Access your Binance account. If you do not have one, you will need to create an account on Binance.
Subscribe to BNB Locked Products:
Once logged in, navigate to the Binance Megadrop section via the Binance App.
Look for the option to subscribe to BNB Locked Products, which allows you to lock your BNB holdings for a specific period.
Lock Your BNB:
Choose the amount of BNB you wish to lock and select the duration for which you want to lock it. Binance offers different durations such as 30, 60, 90, and 120 days.
Confirm the subscription to lock your BNB. The longer the duration for which you lock your BNB, the higher the Locked BNB Score you will receive.
Complete Web3 Quests (Optional):
Additionally, you can complete Web3 Quests using your Binance Web3 Wallet to earn extra points.
Monitor Snapshot Period:
Be aware that hourly snapshots of users’ BNB Locked Products subscription amounts will be taken, so ensure your BNB is locked before the snapshot period begins to maximize your Locked BNB Score.
Understand Score Calculation:
The Locked BNB Score is calculated based on the average amount of BNB locked over the duration you've selected, multiplied by a corresponding multiplier for the period.
Check Eligibility:
Make sure you've completed the necessary KYC verification and reside in an eligible jurisdiction to participate in the Megadrop.
Wait for Distribution:
After locking your BNB and completing any additional tasks, your rewards will be distributed at a specified time, which you can view in your Binance Spot Wallet.
BounceBit (BB) Listing:
BounceBit (BB) is the first project to be launched on Binance Megadrop.
Binance will be the first platform to list the BounceBit (BB) token.
Trading pairs for BounceBit (BB) will include BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY .
Megadrop Participation:
The Megadrop event for BounceBit will start from April 26, 2024, at 00:00 (UTC) and end on May 12, 2024, at 23:59:59 (UTC) .
Users can participate in the Megadrop by locking their BNB in BNB Locked Products and completing Web3 Quests .
The BounceBit Megadrop page will be accessible through the Binance App approximately five hours from the announcement .
Megadrop Rewards and Details:
A total of 168,000,000 BB will be distributed during the Megadrop, which is 8% of the maximum token supply .
The initial circulating supply of BounceBit will be 409,500,000 BB, which is 19.5% of the maximum token supply .
Users will be able to view their Megadrop rewards in their Binance Spot Wallet .
Launchpool Rewards:
Participants in the Megadrop can receive Launchpool rewards at the same time.
There is no requirement to redeem BNB Locked Products positions to participate in Launchpools.
Token Listing Timeline:
BounceBit (BB) will be listed on Binance on May 13, 2024, at 10:00 (UTC).
Important Notes:
Users are reminded to do their own research to ensure the safety of their funds as Binance is not liable for any losses incurred.
The Binance platform may not offer all products and services in every region, and Megadrop features may be restricted in certain countries.
Terms and Conditions:
Participation is subject to the completion of identity verification and regional eligibility.
Terms such as Locked BNB Score and Megadrop scores are calculated based on specific criteria, including BNB Locked Products subscription amounts.
#Megadrop #BOUNCEBITLAUNCHPOOL
Website: https://bouncebit.io/
Whitepaper: https://docs.bouncebit.io/
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