Since there is an expectation of a large number of coin listings in Megadrop (it is expected that there should be 2-3 times per month if the liquidity is not bad), BNB is currently a relatively safe token that can kill three birds with one stone.
BNB has (regular income + Launchpool + Megadrop), and it is estimated that more and more BNB will flow back to the exchange, and the total amount of deposits in the Launchpool BNB pool is expected to increase in the future.
We have previously had a tutorial that detailed how to participate in Launchpad. If you haven’t read it, you can take a look at “The Easiest Way to Make Money in the Cryptocurrency Circle (Tutorial for Newbies)”. This issue mainly answers three questions.
First question: What is MegaDrop and how to participate?
Second question: What is the difference between MegaDrop and Launchpad?
Third question: What is the relationship between MegaDrop and Issue 53 (EZ)?
MegaDrop allows users to participate more deeply in Binance's new projects through selected projects + on-chain interaction. Unlike Launchpad, MegaDrop provides players with the opportunity to interact on the chain to obtain rewards for listed Binance projects. Old airdrop players have interacted with many airdrop task platforms, and this time it is Binance.
1. What is MegaDrop and how to participate?
Megadrop is a new token issuance platform launched by Binance, which combines coin-earning products with Web3 wallets to optimize the user's airdrop experience. Users can participate in selected Web3 projects that have not yet been officially launched on Binance in Megadrop.
Megadrop means huge in Chinese, a huge airdrop. Simply put, you only need to complete specific tasks on this platform to get airdrop rewards.
How to participate in MegaDrop and points?
MegaDrop introduces the concept of points, which allows users to earn points through on-chain interaction + regular product purchases, and the points determine the eligibility to participate.
Participation entrance:
Log in to your Binance account - More - Megadrop. How to earn points: first complete the Binance Web3 wallet project interaction, and then apply for BNB to earn coins regularly.
How are points calculated?
Through BNB staking, points are linked to the amount of staking + time. Through Web3 tasks: linked to the completion calculation and the proportion of personal total points in the total points of all eligible users. Final points = (locked $BNB points * Web3 task multiplier) + Web3 task points.
Let’s take a look at how to participate in the first phase of BounceBit (not started yet)
1. The benefits of locking BNB are multiplied
Search "earn coins" on the homepage and select BNB. You can see the lock-up time and select your time and quantity to lock up (this lock-up does not conflict with the above project. If you lock up, you can get tokens or points for both projects at the same time)
2. There is a bonus for completing tasks
BounceBit's task points
You need to create a Binance wallet first. On the funds page, click web3 to create a new wallet (do not import your existing wallet, it must be a new wallet). The account needs to have KYC information
After creating the wallet, we need to transfer some BNB and BTCB to the new wallet to prepare.
The event has not started yet. After the event starts, there will be a "Megadrop" in the "More" section of the Binance homepage, which will contain web3 tasks. You can choose different tasks to get rewards or points.
2. What is the difference between Megadrop and Launchpad?
Similarities: Both use $BNB as a shovel to earn income.
Difference: Megadrop adds on-chain airdrop interaction to obtain rewards.
Judging from past actions, Binance attaches great importance to the crypto education sector. The early investment in EDU Chain and the development of various Learn To Earn products can prove this. Combined with the airdrop track MegaDrop, we can also see the shadow of "participation + learning + rewards".
BounceBit is a BTC re-staking public chain project and the first project to be listed on Binance Megadrop. 168,000,000 $BB (8.00% of the total token supply) will be allocated to the Megadrop quota.
The above is a simple summary for your convenience in participating in Megadrop interactions in the future (Megadrop has not yet been launched). I hope it will be helpful to friends who want to understand and participate in the future.
3. What is the relationship between MegaDrop and Issue 53 (EZ)?
The 53rd Launchpool (EZ) started mining today. This has nothing to do with Megadrop. EZ is still only in the Launchpool on the site. The airdrop interaction operations are still carried out outside the site like other projects.
Megadrop is just to put the interactions and airdrops that some new projects need to do before listing on the exchange on the Binance site. The project owners can directly obtain a large number of real users from Binance.
At the same time, it promotes the widespread use of Binance Web3 wallets and regularly locks up a large amount of BNB. Compared to us, it is more convenient and safer to complete tasks and receive some project airdrops. This is Megadrop.
According to the official announcement, we can see that, taking the 53rd issue of EZ as an example, the total amount of airdrops is far greater than the current Launchpad on the site.
Although it is impossible for a new project to give all the airdrops to Megadrop, it will be higher than Launchpad anyway. This is the temptation of new coin airdrops and the significance of Megadrop. The above is my understanding. If there are any imperfections or additions, I hope you can comment and share them for everyone to exchange. Thank you! .
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