Binance Launches Megadrop, a Game-Changing Gateway to Early Web3 Token Rewards

Binance Megadrop, Binance's new token launch platform, combines airdrops and Web3 quests. Users can subscribe BNB to Locked Products and complete tasks in their Web3 Wallet to gain early access to rewards from selected Web3 projects before their tokens are listed on Binance Exchange. The first project introduced is BounceBit (BB), with a token supply of 2,100,000,000 BB and 168,000,000 BB allocated for Megadrop rewards. Participation requires users to have an active Binance account and Web3 Wallet, with rewards distributed through the Binance Spot Wallet, subject to identity verification and eligibility criteria based on jurisdiction.

Binance Launches Megadrop, a Novel Platform for Early Access to Web3 Token Rewards

Binance, the preeminent cryptocurrency exchange, has unveiled Binance Megadrop, an innovative platform that amalgamates airdrops with Web3 quests. This revolutionary platform empowers users to subscribe BNB to Locked Products and embark on engaging tasks within their Web3 Wallet. By successfully completing these quests, users can secure early access to rewards from selected Web3 projects, even before their tokens are listed on the Binance Exchange.

Inaugural Project: BounceBit (BB) BTC Reststaking Chain

The platform's inaugural project is BounceBit (BB), a groundbreaking BTC restaking chain. The tokenomics of BounceBit are meticulously crafted, with a maximum token supply of 2,100,000,000 BB, Megadrop token rewards totaling 168,000,000 BB (8% of the maximum token supply), and an initial circulating supply of 409,500,000 BB (19.5% of the maximum token supply).

Engaging with Binance Megadrop

To commence participation in Binance Megadrop, users must log into their Binance account and establish an active Binance Web3 Wallet. Subsequently, they can subscribe BNB to Locked Products and/or fulfill Web3 Quests to accumulate scores. These diligently earned scores will ultimately determine the rewards accrued via the Megadrop program.

Scoring System and Eligibility

The Megadrop scoring system revolves around the Locked BNB Score, which is meticulously calculated based on the quantity of BNB subscribed and the duration of the subscription period. Additionally, users will be rewarded with a Web3 Quest Bonus and a Web3 Quest Multiplier for completing designated Web3 Quests. The total score is then calculated by applying the Web3 Quest Multiplier to the Locked BNB Score and incorporating the Web3 Quest Bonus.

It is crucial to note that external wallets imported into the Binance Web3 Wallet are ineligible for participation. Only backed-up wallets created within the Binance Web3 Wallet can partake in Megadrop. The coveted Megadrop rewards will be promptly airdropped to users' Binance Spot Wallets.

To qualify for Megadrop rewards, users must fulfill identity verification requirements and establish at least one active Binance Web3 Wallet. Moreover, certain eligibility criteria apply based on jurisdiction. Individuals residing in Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are currently not eligible to participate in BB Megadrop.

Enriching the Crypto Ecosystem with Binance Megadrop

Binance Megadrop is meticulously designed to provide users with an immersive and lucrative experience within the vibrant crypto ecosystem. This innovative platform will soon unveil further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan for eager participants.

Binance is committed to pioneering new frontiers in the crypto sphere, continuously striving to enhance the user experience. Binance Megadrop stands as a testament to this unwavering dedication, offering an unparalleled opportunity for users to engage with promising Web3 projects and reap the rewards of their digital endeavors.