Crypto news: Binance presents Megadrop, anticipating the launch of the Bouncebit token $BB and bringing solutions for future airdrops.
Megadrop represents a new platform dedicated to the launch of tokens, offering users early access to a selection of projects listed on Binance. Let’s see all the details below.
Binance Megadrop: all the crypto news for future airdrops
As anticipated, Binance, one of the main cryptocurrency platforms in the world, has announced the introduction of Binance Megadrop, an innovative platform dedicated to token launches.
This new initiative offers users the opportunity to participate in airdrops and Web3 missions, allowing them to access rewards from selected Web3 projects before their tokens are listed on Binance Exchange.
The first project to be presented on Binance Megadrop will be BounceBit (BB), a BTC retaking chain. BounceBit (BB) has a maximum supply of 2,100,000,000 BB.
The rewards of the Megadrop token are 168,000,000 BB (8% of the maximum token supply) and the initial circulating supply is 409,500,000 BB (19.5% of the maximum token supply).
Binance Megadrop represents a turning point in the way airdrops are managed, integrating Binance Simple Earn and Binance Web3 Wallet.
This platform offers users an engaging, educational, and rewarding experience, allowing them to access selected Web3 projects before they are listed on Binance.
This unique combination of engagement, training, and rewards positions Megadrop as an unparalleled interactive experience both within Binance and in the broader crypto ecosystem.
Binance Megadrop: how it works, scores and more
To start with Binance Megadrop, users need to follow some simple steps. First of all, log in to your Binance account and subscribe to products locked by BNB and/or complete the Web3 missions to accumulate scores.
To complete the Web3 missions, you need to have at least an active Binance Web3 wallet. Then you need to complete the subscriptions to locked BNB products on Simple Earn to accumulate scores.
Still, access Megadrop on the Binance app (which will soon be available) and complete all designated Web3 missions to accumulate scores and earn a score multiplier.
Finally, receive rewards Megadrop based on your total score.
The Megadrop rewards for qualified users will be determined based on the user’s total score compared to the total scores of all qualified users. The scoring system includes various components.
Locked BNB score: users will receive a score based on the amount of BNB subscribed and the duration of the subscription period.
Web3 Quest Bonus and Web3 Quest Multiplier: users will receive a bonus and a multiplier when they complete all designated Web3 Quests with the specified minimum requirements.
The total score of users will be calculated by applying the Web3 missions multiplier to their total locked BNB score and then adding the Web3 mission bonus.
Rules and important details to know
In the context of the highly anticipated launch of Binance Megadrop, it is essential to understand the rules and key details that will influence participation and rewards. Below is an overview of the fundamental provisions to keep in mind.
It is important to note that there will be a limit on the total amount of the subscription to locked BNB products that will be considered in the calculations of the locked BNB score for all Megadrop events.
During each Megadrop event, users will be assigned different scores for each active subscription to the locked BNB products they own, based on the duration of the corresponding subscription period.
It is important to note that the longer the subscription period, the higher your Locked BNB score will be.
Subscribing to BNB locked products will not only allow users to earn more points for Megadrop, but will also offer the opportunity to simultaneously participate in Launchpool rewards.
It is essential to note that BNB Vault assets will not be included in the calculation of points for Megadrop events. Therefore, the commitment will be focused exclusively on locked BNB products to maximize engagement and rewards.
One fundamental aspect to underline is that users participating in Megadrop by staking their BNB with locked products will automatically receive Launchpool rewards.
This eliminates the need for a manual redemption of BNB assets from locked BNB products to participate in Launchpool. Further simplifying the process and offering a hassle-free experience.
