✍️ Some more thoughts about #SOL for you! I think that #SOL became the third must-have crypto for everyone's portfolio.
Some years ago you had to buy #BTC to buy altcoins, because there was no other way! No USDT pairs, no direct buying, no DeFi. That's why #BTC pumped hard (and also dumped hard): it was used as a bridge to alts and back.
Now Solana is the most popular chain for new tokens: a million fresh tokens were created since April and 64% of them are in solana ecosystem! People buy Solana to buy those millions of tokens onchain.
That's why I think that solana will get its cycle: big pump and big dump afterwards.
#BITCOIN on Weekly TF, did gave a very shallow closing below the support and quickly moved up with the momentum, making an engulfing candle and breaking the resistance too. Weekly closing above the $66,200 will be considered bullish for next week. #ATH level will be nearby for us, so hope for the best
#BTC is currently trading at the horizontal resistance level. Both the 200-day moving average (MA 200) and the Ichimoku cloud indicate a bullish trend. A candle close or a successful retest above the horizontal resistance would confirm this bullish outlook. We can anticipate a bullish move as long as #BTC trades above the MA 200.
The epic MEGADROP project — BounceBit is about to make its debut on May 13!
Megadrop Snapshot: 26th April - 12th May
MEGADROP — a token launch platform where you can participate in web3 quests or subscribe to BNB Locked Products to get huge rewards!
Get project tokens before they are listed on Binance!
BOUNCEBIT - offers BTC restaking services and a CeDefi framework that combines centralized and decentralized finance for lucrative yields.
LET’S TAKE PART IN BOUNCEBIT MEGADROP
▶︎ Make a web3 wallet on Binance App
▶︎ Backup your wallet
▶︎ Your account must be KYC-approved
In Megadrop, you can get exclusive rewards by:
1- Subscribing BNB to Locked Products
2- Completing Web3 Quests
Login to your Binance Account and head towards More > Megadrop > BounceBit > Quests
SUBSCRIBING BNB TO LOCKED PRODUCTS
▶︎ To subscribe BNB to locked products through Megadrop on Binance, select a duration of 15, 30, 60, 90, or 120 days. It is recommended to opt for the 120-day duration as the longer the duration, the higher your Locked BNB Score will be.
▶︎ The 120-day duration is advised for higher scores and greater rewards
▶︎ You must have a minimum of 0.001 BNB
▶︎ You’ll see Locked after subscribing BNB to locked products.
Note: Subscribe to Locked Products anytime to earn rewards every minute. They will be redeemed on the redemption date mentioned for each subscription.
WEB3 QUESTS
▶︎ You must have a minimum of 0.000111 BTCB in your spot wallet
▶︎ Your spot wallet must have sufficient BNB for the gas fee
▶︎ Go to your web3 wallet
▶︎ Transfer both BNB and BTCB from Binance Spot Wallet to Web3 Wallet via BNB smart chain
▶︎ After that come to Megadrop > BounceBit > Quest > Earn Points > Start Now
▶︎ Deposit 0.0001 BTCB in BounceBit dApp before connecting and depositing to complete the Web3 Quest.
▶︎ Come back to the Megadrop page and click on Verify
To calculate total points, multiply locked BNB points by the Web3 task multiplier and add the Web3 task bonus points. The mission coefficient is fixed at 1.5 and the mission bonus is 1000 points.
Rewards Distribution: 13th May 2024
For more details on Megadrop
What is Megadrop? https://www.binance.com/en/square/post/6942346132833?ref=59050429&utm_campaign=app_square_share_link&utm_source=copylink
A token launch platform that offers you the opportunity to participate in the launch of new tokens through thrilling airdrops and Web3 quests.
By subscribing BNB to Locked Products or completing tasks in your Web3 Wallet, you can gain early access to exciting rewards from a selection of Web3 projects before they're even listed on the Binance Exchange.
THE FIRST PROJECT ON BINANCE MEGADROP - BounceBit
BounceBit
BounceBit is a platform that offers BTC restaking services along with an innovative CeDefi framework. By combining the benefits of Centralised Finance and decentralized finance, BounceBit provides a unique opportunity for BTC holders to earn yield from multiple sources.
With BounceBit, you can maximize your returns while keeping your funds safe and secure.
THE USES OF BB TOKEN:
• BB serves multiple purposes on the platform. Firstly, it can be staked to actively participate in the Proof of Stake (PoS) dual-token staking mechanism. As validators secure the network, the token is paid out as a staking reward.
• Secondly, $BB is the only denomination of gas fees that can be used to conduct transactions and execute smart contracts.
• Thirdly, $BB can be used for on-chain governance, such as participating in voting on protocol upgrades.
• Additionally, $BB can be used as currency on the BounceBit platform, serving as a medium of exchange or store of value in various applications and infrastructure.
With a total maximum supply of 2,100,000,000 BB, 8% of the supply is reserved for Megadrop token rewards, which equals 168,000,000 BB.
GET READY FOR A MIND-BLOWING JOURNEY WITH BINANCE MEGADROP
BounceBit Megadrop Period:
26 April 00:00 UTC to 12th May 2024 at 23:59 UTC
Rewards Distribution: 13th May 2024
Trading: Trading will open on 13th May 2024 at 10:00 UTC
HOW TO GET ACCESS TO BINANCE MEGADROP?
1- Login to your Binance Account and head towards More > Megadrop
2- You’ll see the first Megadrop project BounceBit with all the details
3- Complete various quests under the Quest tab to earn points and rewards.
• To complete Web3 Quests, make sure you have an active Binance Web3 Wallet. Create one now if you haven't.
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• Transfer some BNB and 0.0001 BTC as fees and click on Earn Points
• You have to deposit a stake minimum of 0.000111 BTCB - Tap on Start Now to get started
• Complete the quest and tap Verify on the Quest Details page for verification.
CONGRATULATIONS ON COMPLETING YOUR QUEST!
WASN’T THAT EASY? 😉
4- Subscribe to BNB-locked products via Megadrop on Binance for 15, 30, 60, 90, or 120 days duration - It is better to opt for a 120-day duration as the longer the duration, the higher your Locked BNB Score.
This helps you participate in every Megadrop while avoiding risks when trading with BNB.
The Standard APR for each locked duration is as follows:
The 120-day duration is advised for higher scores and greater rewards
You’ll see Locked after subscribing BNB to locked products.
To calculate total points, multiply locked BNB points by the Web3 task multiplier and add the Web3 task bonus points. The mission coefficient is fixed at 1.5 and the mission bonus is 1000 points. HASSLE FREE CALCULATIONS ⚡️
YOU CAN SEE YOUR MEGADROP REWARDS IN THE BINANCE SPOT WALLET
AS SIMPLE AS FLIPPING THE SWITCH!! Go Subscribe to BNB-locked products and/or complete WEB3 quests!
SOME GOOD NEWS! 🔥
When both Launchpool and Megadrop are active, you guys are eligible to receive rewards from both programs. You can receive Launchpool rewards directly without having to redeem BNB Locked Products and staking BNB into Launchpool.
In the event of two simultaneous Launchpools, your BNB asset rewards will be halved between the two. However, your entire BNB Locked Earn deposits will still be eligible for full Megadrop rewards. Isn't that GREAT?
Just two days left for the 53rd Binance Launchpool to make its debut on Binance!
30th April 2024 at 12:00 UTC
Who else is eager to trade for huge gains?
Firstly, let me tell you that the farming will end tomorrow, stake BNB or FDUSD in separate pools. As you all know, the Binance Megadrop’s first project BounceBit (BB) is also ongoing!
Here’s the twist!
You can earn dual rewards by staking BNB - HOW?
Whether you stake BNB or subscribe to BNB-locked products, the ball of dual rewards will remain in your court! You can receive Launchpool rewards directly without having to redeem BNB Locked Products and staking BNB into Launchpool.
Back to RENZO, the ultimate solution for those who want to secure Actively Validated Services (AVSs) and earn a higher yield than ETH staking.
With RENZO, end-users can finally say goodbye to the complexities that come with managing staking protocols. The protocol seamlessly abstracts all the technicalities, making it easy for users to collaborate with EigenLayer node operators.
GET READY FOR THE 5000X PUMP THIS TUESDAY AT 12:00 UTC
Also, check out the detailed article: https://www.binance.com/square/post/7173503583298?ref=59050429&utm_campaign=app_square_share_link&utm_source=copylink