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Dear Binanciens, Dear Binanciens,
Binance launches Binance Megadrop, a new token launch platform offering airdrops and quests on Web3, where users can subscribe for BNB in ââlocked products and/or complete missions from their Web3 Wallet to benefit from Early access to rewards from selected Web3 projects before the listing of their tokens on the Binance exchange platform.
BounceBit (BB), a BTC restaking blockchain, is the first project to land on Binance Megadrop.
BounceBit details on Megadrop:
Nom du token: BounceBit (BB)
Supply maximale de tokens : 2 100 000 000 BBÂ
Token rewards on Megadrop: 168,000,000 BB (8% of maximum token supply)
Supply initiale en circulation : 409 500 000 BB (19,5 % de la supply maximale de tokens)
Research Report: BounceBit (BB) (available within 1 hour of posting this announcement)
We will provide more information about the Megadrop amount, Web3 quests, and detailed listing plan in a separate announcement soon.
What is Binance Megadrop?
Binance Megadrop is a new token launch platform that seamlessly integrates Binance Simple Earn and Binance Web3 Wallet to reinvent the airdrop experience. Megadrop gives users early access to certain Web3 projects before their listing on Binance.
This unique combination of engagement, education and rewards makes Megadrop an unparalleled interactive experience within Binance and the entire crypto ecosystem.
How to get started on Binance Megadrop?
Subscribe to BNB-locked products and/or complete quests on Web3 to accumulate scores. To complete quests on Web3, make sure you have at least one active Binance Web3 Wallet. Create your Binance account and create your first Web3 Wallet now if you haven't already.
Subscribe to BNB-locked products on Simple Earn to accumulate scores.
Access Megadrop from the Binance app (coming soon) and complete all designated quests on Web3 to accumulate scores and earn a score multiplier.
Receive rewards on Megadrop based on your total score.
Megadrop score-based mechanic:
The Megadrop reward paid to each eligible user will be based on the user's total score in proportion to the total scores of all qualified users.
Scoring system:
Locked BNB Score: Users will receive a score based on the amount of BNB subscribed and the length of the subscription period. Longer subscription periods result in higher scores. This score may fluctuate, as it is based on daily snapshot averages.
Web3 Quest Bonus* and Web3 Quest Multiplier: Users will receive a Web3 Quest Bonus as well as a Web3 Quest Multiplier upon completion of all designated Web3 Quests in meeting the minimum requirements.
The system will calculate users' Total Score by applying the Web3 Quest Multiplier to their total Locked BNB score, then adding the Web3 Quest Bonus to the sum thus obtained.
Total score = (Locked BNB score * Web3 quest multiplier) + Web3 quest bonus
*If all designated Web3 quests are not completed, the multiplier will be 1.
Refer to FAQ for more information.
Update on BNB Locked Products
In anticipation of upcoming Megadrop events, Binance has updated the APRs and increased the maximum subscription limits per user for BNB-locked products, as per the table below.
A cap will be applied to the total subscription amount for BNB locked products used in BNB locked score calculations for all Megadrop events. Additional information will be the subject of a separate announcement.
For each Megadrop, users will receive different scores for each active subscription to the BNB-locked products they own, depending on the length of the corresponding subscription period. The longer the duration, the higher your Locked BNB score.
Subscribing to products locked in BNB will allow users to earn more points for Megadrop. Please note that BNB Vault assets do not count towards points calculation for Megadrop events.
Users who participate in Megadrop by locking their BNB in ââlocked products will also receive Launchpool rewards at the same time. They are not required to manually retrieve their BNB from BNB-locked products to participate in Launchpools.
Users can consult Frequently Asked Questions (FAQ) about Megadrop and BNB Locked Products to learn more.
Remarks :
External wallets imported into Binance Web3 Wallet will not be counted.
Only users with saved wallets created in Binance Web3 Wallet can participate in Megadrop.
Users can go to the Megadrop project page (link available in the second announcement) to check if a specific quest has been completed.
The rewards offered by Megadrop will be credited to users' Binance Spot wallets in the form of airdrops
Read the project BounceBit (BB):
Further information :
Terms and conditions :
Only users who have verified their identity and hold at least one active Binance Web3 Wallet can obtain rewards from Megadrop.
Snapshots of users' BNB-locked product subscriptions will be taken several times per hour at random times to obtain the hourly average of their subscriptions and calculate their rewards. The rewards distributed to users will be updated daily.
Users must be from an eligible jurisdiction to participate in the BB Megadrop. Currently, users residing in the following countries or regions will not be able to participate by subscribing to BNB-locked products or completing Web3 quests:
Refer to the Binance Simple Earn Terms of Use before investing in BNB-locked products on the Binance Simple Earn platform, and the Simple Earn Locked Products to learn more.
Thank you for your support !
The Binance team
18/04/2024
Note: This announcement was updated on 04/18/2024 to include an update on BNB-locked products.
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Disclaimer: Digital asset prices can be volatile. The value of your investment may go down as well as up and you may not get back the amount you invested. You are solely responsible for your investment decisions and Binance is not responsible for any losses you may incur. Binance reserves the right to choose markets and jurisdictions in which to make Megadrop available, and may limit or deny participation in Megadrop in certain regions in its sole discretion. Binance does not guarantee obtaining a specific reward or any return over time. Each user's ability to receive tokens or participate in Megadrop is subject to our sole discretion. This does not constitute financial advice. See our Terms of Use and our Risk Warning for more information. You may be subject to the terms of use of Simple Earn and Binance Web3 Wallet.
