Binance is pleased to announce the latest: Integration between Binance Simple Earn and Binance Web3 Wallet -> Binance Megadrop, a platform that gives users early access to Web3 projects before tokens are listed on exchanges.
The first project to launch on Megadrop is BounceBit (BB), a layer 1 blockchain focused on BTC staking that has been invested in by Binance Labs.
Here is some basic information about BounceBit
Token name: BounceBit (BB).
Maximum total supply: 2,100,000,000 BB.
Megadrop token reward: 168,000,000 BB (accounting for 8% of total supply).
Initial circulating supply: 409,500,000 BB (accounting for 19.5% of total supply).
Analysis of the BounceBit project aboveBinance Research
Brief analysis of Megadrop
Megadrop is a platform for launching new tokens through airdrops and performing web3 tasks, integrating the two features Binance Simple Earn and Binance Web3 Wallet.
By participating in the Megadrop, users can receive early access to rewards from selected web3 projects, before the tokens are listed on the Binance exchange.
Megadrop and Binance Launchpool have some differences such as:
How to participate: Megadrop allows users to participate by registering BNB and/or completing Web3 tasks. Binance Launchpool only allows users to participate by registering BNB or a specified number of tokens.
Token registration: Megadrop only uses BNB Locked Products for token registration. Binance Launchpool is more diverse as it allows users to register tokens using BNB Locked Products, BNB Vault or lock directly into Launchpool.
How rewards are calculated: Megadrop rewards are based on the amount of BNB the user has locked and the lock-up period, plus completion of the Web3 Quest. Binance Launchpool rewards are based on Launchpool registration volume.
Boost rewards: Megadrop allows users to boost their rewards by completing tasks in Binance Web3 Wallet. Binance Launchpool does not allow users to do this.
Reward Distribution: Both Megadrop and Binance Launchpool distribute rewards to users' Binance Spot wallets.
Project type: Binance Megadrop only supports new tokens. Binance Launchpool supports both new and existing tokens.
Below are 5 basic steps to participate in Megadrop
1/ Register and verify your Binance account
My invitation code: 738827697
After that, Buy P2P $USDT -> then Trade (buy) the BNB/USDT pair (to avoid price slippage).
(Note: This Megadrop can only use BNB, not FDUSD like Launchpool)
2/ Product registration is locked$BNB or complete Web3 Missions to accumulate points.
→ Instructions for registering for Web3 Binance Wallethere
(Note: External wallets such as Metamask, Trustwallet,... imported into Binance Web3 Wallet will not be counted.)
3/ Complete the registrationThe product is locked to BNB on the Simple Earn feature to accumulate points
- Earn section, select Simple Earn, select $BNB
4/ Visit Megadrop on Binance App and additionally complete all designated Web3 Tasks to accumulate points and receive a score multiplier.
How to Calculate Points when doing Tasks on Web3 Binance
For example: The score multiplier is 2 and your base mission score is 1,000. When you complete all tasks, you receive an additional 100 bonus points. Thus, your total score will be: (1,000 x 2) + 100 = 2,100
5/ Get Megadrop rewards based on your Total Points.
→ Megadrop rewards will be airdropped to the user's Binance Spot Wallet.
Through this article, we can see that Megadrop will be a fertile land for hodlers$BNB I believe BNB price will skyrocket this year. How are you guys, do you agree with me?
#BinanceMegadrop #BB
