Binance has launched its first MegaDrop, featuring BounceBit ($BB) as the initial project. This exciting new platform combines airdrops and quests to form a loyalty program tailored for Web3 enthusiasts, offering early access to token launches and the potential for rewards.
What is BounceBit?
BounceBit utilizes a blend of Decentralized Finance (DeFi) and Centralized Finance (CeFi) in a CeDeFi architecture, enabling Bitcoin (BTC) holders to invest their holdings for potential returns. Key features include:
1. Bitcoin Restaking: Users can reinvest Bitcoin to earn additional rewards.
2. CeDeFi Approach: Combining DeFi’s transparency and returns with CeFi’s user-friendly interface offers the best of both worlds.
Participating in Binance MegaDrop
To participate in Binance MegaDrop:
• Go to the Binance homepage, search for “MegaDrop,” and click on the result to open the MegaDrop portal.
• You will see two main options: Lock BNB and Complete Web3 quests.
Benefits of Locking BNB:
By locking your BNB, you can join Binance’s Launchpool and MegaDrop programs simultaneously, increasing your chances of earning rewards. Locking BNB for 120 days yields a 1.49% reward.
Web3 Quests:
• Start by creating a Binance Web3 wallet.
• Deposit 0.000111 BTCB in the BounceBit dApp, making sure to have BNB available for the gas fee.
• Return to MegaDrop to verify your completed quest and potentially earn rewards.
MegaDrop Details
• Event Period: April 26 to May 12, 2024, ending at 23:59 UTC.
• Reward Distribution: Rewards will be distributed on May 13, 2024.
• Trading of $BB: Starts at 10:00 UTC on May 13, 2024.
• Token Allocation: 168 million BB tokens, or 8% of the total 2.1 billion supply, are dedicated to MegaDrop rewards.
Useful Links
