IMPORTANT: Binance will be the first platform to list this token. Any claims of selling this token before the stated timeline are false advertising. Please do your own research to ensure your funds are safe!
This is a general announcement and the products and services mentioned here may not be available in your area.
Dear User:
Binance launches its first Megadrop project - BounceBit (BB), a BTC re-staking public chain. Users can participate in the BounceBit Megadrop from 08:00:00 (ET) on April 26, 2024. The BounceBit (BB) Megadrop App page is expected to be launched within about five hours after this announcement.
Binance will list BounceBit (BB) at 18:00 (ET) on May 13, 2024, and open BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY trading markets, with seed tag trading rules applicable. For more information about BounceBit (BB), please refer to the research report.
BounceBit Megadrop Period:
08:00:00, April 26, 2024 (GMT+8) to 07:59:59, May 13, 2024 (GMT+8)
BNB regular product snapshot period:
During this period, Binance will randomly take snapshots of users' BNB periodic product holdings every hour. In order to maximize the BNB periodic score, users can start purchasing BNB periodic products before 08:00:00 (GMT+8) on April 26, 2024. For more information about BNB periodic products, please refer to the FAQ.
During the Web3 mission:
Users need to complete Web3 tasks during this period.
Web3 Task 1: âStake 0.0001 BTCB to BounceBitâ (Staking Tutorial)
May 13, 2024 14:00:00 (GMT+8)
Rewards distribution time: Users can check their Megadrop rewards in the Binance spot wallet.
BounceBit Megadrop Details
Token name: BounceBit (BB)
Maximum token supply: 2,100,000,000 BB
Megadrop token reward: 168,000,000 BB (8% of the maximum token supply)
Initial circulation: 409,500,000 BB (19.5% of the maximum token supply)
Smart Contract: BounceBit
User participation qualifications: Complete identity verification (KYC) and be in an eligible jurisdiction
Hard cap for rewards per user: 1,344,000 BB
Reward calculation: User final points = (locked BNB points * Web3 task multiplier) + Web3 task points
Locked BNB Points (based on hourly snapshots during BNB periodic product snapshots) = (120-day average locked BNB amount x 130) + (90-day average locked BNB amount x 120) + (60-day average locked BNB amount x 110) + (30-day average locked BNB amount x 100)
Web3 task multiplier: 1.5
Web3 Mission Points: 1,000
How to participate in Binance Megadrop:
Log in to your Binance account;
Subscribe to BNB regular products and/or complete all designated Web3 tasks through Megadrop on the Binance App to accumulate points. Please make sure you have at least one active Binance Web3 wallet to complete Web3 tasks. New users can click to register a Binance account and create your first Web3 wallet;
After completing all designated Web3 tasks, click the [Verify] button on the Megadrop page before the task cycle ends to successfully obtain Web3 task points and Web3 task multipliers;
Get Megadrop rewards based on final points.
*Notice:
External wallet addresses imported into Binance Web3 wallet will not be eligible to participate. Only backed-up wallets created in Binance Web3 wallet can participate in the Megadrop event;
About BNB Fixed-Term Products
When calculating locked BNB points, the â30-dayâ multiplier will be applied to all BNB fixed-term products with a subscription period of less than 30 days (e.g. 15 days);
Depending on the subscription period, users can get different points from locked BNB products. The longer the subscription period, the higher the locked BNB points. Please refer to the BNB regular product page for the latest annualized interest rate and maximum subscription limit;
Users who hold BNB fixed-term products will automatically receive new coin mining (Launchpool) rewards when participating in Megadrop, without having to manually redeem and put them into the new coin mining pool;
BNB profit pool assets will not be counted towards Megadrop points.
