Great project!
i hope this project always succes š„
Crypto Revolution Masters
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BounceBit on Binance Megadrop. Insights and How to participate and maximize your Earnings!
Megadrop represents Binance's latest innovation, serving as a novel token introduction platform that features airdrops and Web3 assignments. Participants can pledge BNB to Fixed Products and engage in Web3 Wallet activities to secure early rewards from select Web3 initiatives, ahead of their token listings on the Binance Exchange.
It bears resemblance to Launchpool, yet it integrates Binanceās Web3 wallet tasks, enhancing user familiarity and proficiency with its operations. Through the completion of straightforward tasks, participants accumulate points that translate into future rewards.
The formula for calculating total points is given by:
Total Points=(Locked BNB PointsĆWeb3 Task Multiplier)+Web3 Task Rewards
About BounceBit - The 1st Project on Megadrop
BounceBit is a unique platform designed specifically for Bitcoin, offering a restaking chain that is supported by notable investors such as Blockchain Capital and Breyer Capital. Its main goal is to establish a dedicated smart contract execution environment for Bitcoin. The platform introduces innovative concepts like the App Store and BounceBox, which allow users to quickly deploy decentralized applications within the Bitcoin ecosystem.
Furthermore, BounceBit is recognized as the first native staking chain for Bitcoin, employing a dual-token system to enhance the staking process. It combines the security of Bitcoin with full Ethereum Virtual Machine (EVM) compatibility, providing a secure and convenient restaking experience. The platform uses a Proof-of-Stake (PoS) consensus mechanism and offers transparent financial services to address issues in traditional Bitcoin finance. By enabling BTC holders to participate in DeFi and CeFi markets, BounceBit aims to increase liquidity and utility for Bitcoin in a transparent and efficient manner.
In summary, BounceBit is redefining the interaction with Bitcoin by offering a more inclusive and dynamic financial ecosystem through its restaking chain, smart contract features, and unification across multiple chains.
The BounceBit PoS Chain will be the first showcase of BTC Restaking infrastructure. It is secured by validators staking BTC and staking BounceBitās native token ā A dual-token system leveraging native Bitcoinās security, liquidity and low volatility. Unlike existing Layer 2 solutions, BounceBit interacts with Bitcoin only on the asset level instead of the protocol level, taking a Layer 1 Proof of Stake approach.
BTC in regulated CeFi Custody is locked so that the user can mint a wrapped version of BTC on the BounceBit chain, we call it bounceBTC. This BTC can be delegated to node operators, that return a voucher to the staker, stBTC. This liquid staking derivative can then be restaked to other SSCs, like sidechains, bridges and oracles, or be used to participate in further yield generation. All of this happens, while the BTC in the regulated custody is earning risk-free yield through funding rate arbitrage.
Of course for me every single Project coming on Binance I am super Bullish on BounceBit as well and I believe long-term will give really good ROI!
How to participate in Megadrop?
Step 1: Go to Earn section
Step 2: Search for BNB. Select 15-120 days
You can choose a fixed lock from 15 to 120 days, the longer the lock, the higher the score coefficient. Of course saying that 120 days will be the best option to maximize your Earnings!
Step 3: Select quantity and click "Confirm" to complete the step of locking BNB on the exchange
How to access Binance Megadrop?
šBinance App > More > Others > Megadrop > BounceBit > Quest
Web3 Quests on BounceBit
šThe quest for our Megadrop is as follows: āStake 0.0001 BTCB to BounceBitā
Youāll need BNB for gas fees and a little bit more than 0.0001 BTCB, since the withdrawal fee for BTCB is paid in BTCB, we suggest withdrawing at least 0.000111 BTCB.
How to complete the quest?
šEnsure you have enough BNB for the gas fee.
šClick āStart Nowā via Binance Web3 Wallet.
šSelect āBNB Chainā as your network.
šEnter the amount of BTCB to deposit.
šThe first transaction approves your spending cap on BTCB with BounceBit.
šThe second transaction deposits your BTCB into BounceBit.
š„The best in the Megadrop Program is that you can keep your $BTC and $BNB on Spot! Don't forget that!
#BOUNCEBITLAUNCHPOOL #Megadrop
It bears resemblance to Launchpool, yet it integrates Binanceās Web3 wallet tasks, enhancing user familiarity and proficiency with its operations. Through the completion of straightforward tasks, participants accumulate points that translate into future rewards.
The formula for calculating total points is given by:
Total Points=(Locked BNB PointsĆWeb3 Task Multiplier)+Web3 Task Rewards
About BounceBit - The 1st Project on Megadrop
BounceBit is a unique platform designed specifically for Bitcoin, offering a restaking chain that is supported by notable investors such as Blockchain Capital and Breyer Capital. Its main goal is to establish a dedicated smart contract execution environment for Bitcoin. The platform introduces innovative concepts like the App Store and BounceBox, which allow users to quickly deploy decentralized applications within the Bitcoin ecosystem.
Furthermore, BounceBit is recognized as the first native staking chain for Bitcoin, employing a dual-token system to enhance the staking process. It combines the security of Bitcoin with full Ethereum Virtual Machine (EVM) compatibility, providing a secure and convenient restaking experience. The platform uses a Proof-of-Stake (PoS) consensus mechanism and offers transparent financial services to address issues in traditional Bitcoin finance. By enabling BTC holders to participate in DeFi and CeFi markets, BounceBit aims to increase liquidity and utility for Bitcoin in a transparent and efficient manner.
In summary, BounceBit is redefining the interaction with Bitcoin by offering a more inclusive and dynamic financial ecosystem through its restaking chain, smart contract features, and unification across multiple chains.
The BounceBit PoS Chain will be the first showcase of BTC Restaking infrastructure. It is secured by validators staking BTC and staking BounceBitās native token ā A dual-token system leveraging native Bitcoinās security, liquidity and low volatility. Unlike existing Layer 2 solutions, BounceBit interacts with Bitcoin only on the asset level instead of the protocol level, taking a Layer 1 Proof of Stake approach.
BTC in regulated CeFi Custody is locked so that the user can mint a wrapped version of BTC on the BounceBit chain, we call it bounceBTC. This BTC can be delegated to node operators, that return a voucher to the staker, stBTC. This liquid staking derivative can then be restaked to other SSCs, like sidechains, bridges and oracles, or be used to participate in further yield generation. All of this happens, while the BTC in the regulated custody is earning risk-free yield through funding rate arbitrage.
Of course for me every single Project coming on Binance I am super Bullish on BounceBit as well and I believe long-term will give really good ROI!
How to participate in Megadrop?
Step 1: Go to Earn section
Step 2: Search for BNB. Select 15-120 days
You can choose a fixed lock from 15 to 120 days, the longer the lock, the higher the score coefficient. Of course saying that 120 days will be the best option to maximize your Earnings!
Step 3: Select quantity and click "Confirm" to complete the step of locking BNB on the exchange
How to access Binance Megadrop?
šBinance App > More > Others > Megadrop > BounceBit > Quest
Web3 Quests on BounceBit
šThe quest for our Megadrop is as follows: āStake 0.0001 BTCB to BounceBitā
Youāll need BNB for gas fees and a little bit more than 0.0001 BTCB, since the withdrawal fee for BTCB is paid in BTCB, we suggest withdrawing at least 0.000111 BTCB.
How to complete the quest?
šEnsure you have enough BNB for the gas fee.
šClick āStart Nowā via Binance Web3 Wallet.
šSelect āBNB Chainā as your network.
šEnter the amount of BTCB to deposit.
šThe first transaction approves your spending cap on BTCB with BounceBit.
šThe second transaction deposits your BTCB into BounceBit.
š„The best in the Megadrop Program is that you can keep your $BTC and $BNB on Spot! Don't forget that!
#BOUNCEBITLAUNCHPOOL #Megadrop
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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