#Binance Selects Bitcoin Restaking Chain As Its Initial Project On Its New "Megadrop" Token Launch Platform


One of Binance's latest "megadrop" token launch platforms is BounceBit (BB), a Bitcoin (BTC) "restaking" chain.

The biggest cryptocurrency exchange in the world by trading volume has now announced a new platform called Binance Megadrop. This platform will allow investors to access assets that are not yet listed on the market, and it connects with Binance Simple Earn and Binance's Web3 Wallet.


Additionally, according to Binance, the Megadrop will showcase BounceBit's native asset in addition to Web3 missions that provide prizes.

"Binance Megadrop is here to shake things up! It's a new token launch platform that includes airdrops and Web3 quests. Before your tokens are listed on the Binance Exchange, users can subscribe BNB to locked products and complete tasks in their Web3 Wallet to get early access to rewards from selected Web3 projects."

Bitcoin holders may receive income from a variety of sources using BounceBit's architecture, which is based on both centralized and decentralized finance.

BounceBit's strategy is predicated on the premise that enhancing Bitcoin should primarily include using assets in a way that does not modify the Bitcoin blockchain.

Effectively combining the capabilities of centralized finance (CeFi) and decentralized finance (DeFi), BounceBit provides access to financing rate arbitrage and creates on-chain certificates for re-staking and mining.

The native asset of the project may be staked, used as a gas charge payer and governance token, distributed as a validation incentive, and stored or exchanged for other assets.

According to Binance, the token will have a maximum supply of 2.1 billion, with only 168 million (or 8% of that total) designated for the Megadrop.

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