To participate in Megadrop on Binance you need a binance account
SIGN UP FOR A BINANCE ACCOUNT HERE
Binance Announces BounceBit (BB) Listing Period
🟠Trading pairs: BB/BTC, BB/USDT, BB/BNB, BB/FDUSD & BB/TRY
⏰Time: 17:00 May 13, 2024 (Vietnam Time)
BounceBit (https://nghiencrypto.com/bouncebit-la-gi) is the first project to launch Binance's Megadrop platform. This is where users can lock up BNB and/or complete tasks in the Web3 Wallet to receive early rewards from selected projects, before the project tokens are listed
🔴There are 2 ways to participate in Megadrop:
✅BNB Lock: You can lock a certain amount of BNB at Simple Earn for a period of time to receive Megadrop reward points. The more BNB you lock up for longer, the higher the reward points.
✅Complete Web3 tasks: Use Binance Web3 Wallet to complete tasks related to upcoming crypto projects on Binance. Each completed mission will help you earn bonus points.
BounceBit betting task: "Stake 0.0001 BTCB on BounceBit"
✅2 timelines to note:
⏰Snapshot time: 0726/04/2024 - 06:59 05/13/2024 (Vietnam Time)
⏰Token distribution time: 1:00 p.m. May 13, 2024 (Vietnam Time)
⚠️ Note
- The Megadrop mission page will be available on the Binance App at 8:30 p.m. tonight
- BNB locking is not required. You can participate in the Megadrop without locking any BNB, however your score will be very low and you will be given fewer tokens than those who lock BNB
- Rewards distributed at 13:00 May 13, 2024 (4 hours before listing)
💰 If you are a holder of $BNB, don't forget to participate to share the $BB Airdrop!
🟠Lock BNB at Simple Earn for 30/60/90/120 days respectively
✅The more BNB you lock for longer, the higher your reward points
✅ Can withdraw at any time, but must accept losing rewards and wait 48 - 72 hours for BNB to return to Spot wallet
✅BNB locked still counts towards Launchpool
✅If you have previously locked BNB in Simple Earn, keep it intact, Binance will automatically take a snapshot
✅ AEs without BNB can still participate in Megadrop but the score will be lower and fewer tokens will be divided
🟠You can do additional tasks of Staking 0.0001 BTCB ~ 6.5$ on BounceBit in Web3 wallet to receive more points.
✅The mission portal will open at 7:00 a.m. on April 26, 2024
✅Instructions for doing the task: HERE (https://megadrop.bouncebit.io/faq?tab=bouncebit) (Prepare about $3 BNB as fee and $7 BTC sent from the exchange to Bep20 network Web3 wallet to stake BounceBit )
🟠Instructions on how to calculate points:
Total Points = (Locked BNB Points * Web3 Task Multiplier) + Web3 Task Bonus Points
➡️For the BounceBit project, mission coefficient = 1.5 and mission bonus = 1000
What is Binance Megadrop?
Binance Megadrop is a new token issuance platform that seamlessly integrates Binance Simple Earn and Binance Web3 Wallet, improving the user airdrop experience. Megadrop gives users early access to select Web3 projects before they are listed on Binance.
This unique combination of engagement, education, and rewards has made Megadrop a great interactive experience within both Binance and the broader crypto ecosystem.
Through this platform, users can:
Sign up for BNB Locked Products, allowing them to lock their BNB holdings and gain access to exclusive rewards from selected Web3 projects.Completing Web3 Tasks in the Binance Web3 Wallet, allowing them Earn rewards from promising Web3 projects before their tokens are listed on the Binance Exchange.
This innovative approach aims to provide an engaging and educational experience for both cryptocurrency newbies and experienced traders, allowing users to:
Sign up for BNB Locked Products, allowing them to lock their BNB holdings and gain access to exclusive rewards from selected Web3 projects.Completing Web3 Tasks in the Binance Web3 Wallet, allowing them Earn rewards from promising Web3 projects before their tokens are listed on the Binance Exchange.
Advantages of the Binance Megadrop platform
This innovative approach to the platform aims to provide an engaging and educational experience for both cryptocurrency newbies and experienced traders, allowing them to:
Participate in dApp tasks to learn about Web3 technology. Get early access to rewards from selected Web3 projects. Support the growth and visibility of Web3 projects by connecting directly with Binance's global community of verified users.
The Binance Megadrop represents a strategic expansion of Binance's operations amid the current bull market, in contrast to some of its peers that focus solely on exchange services. It serves as a strategic launch platform for Web3 projects, helping them grow and increase visibility by directly connecting them to Binance's global community of verified users.
Detailed instructions for participating in Binance Megadrop
To participate in Binance Megadrop you need to have a Binance exchange account
If you don't have an account, register for a Binance account here (10% discount on Spot, Margin and Futures trading fees): BINANCE HOMEPAGE
Step 1: Go to the Binance app on your phone, select More → Megadrop.
- Step 2: You will see a list of launched Web3 projects. Select an ongoing project to go to that project's details page.
- Step 3: Register for BNB Locked Products and/or complete Web3 Tasks to accumulate points. The higher the score, the bigger the reward.
- Step 4: Complete various tasks in the Quest section to earn points and receive rewards. You will also see the participation time, reward distribution and Megadrop project listing time.
Points and rewards system
The scoring system for Binance Megadrop is designed to reward users based on their participation and interaction with the platform. Users can accumulate points by registering for BNB Locking Products on Binance Simple Earn and/or completing designated Web3 Tasks
Scoring system:
Locked BNB Points: Users will receive points based on the amount of BNB registered and the time of registration. Longer registrations yield higher scores. This score can fluctuate because it is based on averages from daily snapshots.
Web3 Quest Rewards* and Web3 Quest Multiplier: Users will receive Web3 Quest Rewards and Web3 Quest Multiplier when they complete all specified Web3 Quests with the specified minimum requirements determined.
The system will calculate the user's Total Points by applying the Web3 Task Multiplier to their total locked BNB Points and then adding the Web3 Task Rewards.
Total Points = (Locked BNB Points * Web3 Quest Multiplier) + Web3 Quest Bonus
* If the user does not complete all the specified Web3 Tasks, the multiplier will be 1.
Users can refer to the FAQ for more details.
How to earn points on Binance Megadrop?
There are different ways for you to earn points, such as registering your BNB with Simple Earn's BNB Locked Products or connecting your Web3 Wallet to a project. You can refer to the project page for available tasks.
Please note that registration of the BNB Key Product is not required. You can participate in Megadrop without registering any BNB Locking Products.
1. Lock BNB
1.1. Scroll down to the [BNB Lock] section. You will see available registration times. Your score is determined by the amount of BNB registered and the time of registration. Longer registrations yield higher scores.
Please note that your score may change due to daily registration fluctuations. Scoring is based on averages from daily snapshots.
How is the total score calculated?
Your total score is calculated based on the number and time of completing your locked BNB and Web3 tasks. The rewards you can receive will be based on your total points relative to the total points of all eligible users.
1. Lock BNB
Your score is determined by the amount of BNB registered and the time of registration. Longer registrations yield higher scores. Please note that your score may change due to daily registration fluctuations. Scoring is based on averages from daily snapshots.
Depending on the lockup period you choose in the BNB Simple Monetization Lockup Product, your points will be calculated as 30, 60, 90 or 120 days. Please note:
If you lock BNB for 0 < n < 59 days, your points will be increased by a “30 days” multiplier.
If you lock BNB for 60 ≤ n < 90 days, your points will be increased by the “60 days” multiplier.
If you lock BNB for 90 ≤ n < 120 days, your points will be increased by the “90 days” multiplier.
If you lock BNB for ≥ 120 days, your points will be increased by a “120 days” multiplier.
For example: User A locked their BNB for 45 days, the system will calculate the lock period as “30 days” and User A's score will be increased by the “30 days” multiplier.
Notes when participating in Binance Megadrop
External wallets imported into Binance Web3 Wallet will not be counted.
Only backup wallets created in the Binance Web3 Wallet can participate in the Megadrop.
Users can visit the Megadrop project page (this page will be available in the second announcement) to check if the task was completed successfully.
Megadrop rewards will be airdropped to the user's Binance Spot Wallet.
What is the difference between Megadrop and Launchpool?
The first project is BounceBit (BB)
The first project on Binance Megadrop is BounceBit (BB), a BTC reset chain, with a maximum token supply of 2,100,000,000 BB and 168,000,000 BB (8% of maximum supply) allocated to token rewards Megadrop.
Token supply and distribution
The maximum token supply of BounceBit (BB) will be 2.1 billion, with the Megadrop Token reward being approximately 8% of the maximum supply, or approximately 168 million BB. Initial circulating supply of BounceBit (BB) will be 409.5 million, representing 19.5% of the maximum token supply
Allocation and supply of tokens
The maximum token supply for BounceBit (BB) is 2,100,000,000 BB. Of this total supply, 168,000,000 BB (8% of the maximum supply) has been allocated to Megadrop token rewards. Source BB's initial circulating supply will be 409,500,000 tokens, representing 19.5% of the maximum supply.
To participate in Binance Megadrop you need to have a Biannce exchange account
