Binance Introduces Megadrop Airdrop Platform

Binance has recently unveiled Binance Megadrop – a groundbreaking platform that introduces new tokens combined with airdrop events and Web3 missions. Here, users can stake BNB in Fixed Products and/or complete tasks on the Web3 Wallet to receive early rewards from prominent Web3 projects before they are listed on the Binance Exchange.

The first project launched on Binance Megadrop is BounceBit (BB) – a BTC restaking chain with the following details:

• Token Name: BounceBit (BB)
• Maximum Supply: 2,100,000,000 BB
• Megadrop Token Reward: 168,000,000 BB (8% of total supply)
• Initial Circulating Supply: 409,500,000 BB (19.5% of total supply)

Details regarding token quantities, Web3 tasks, and listing plans will be announced later.

Binance Megadrop is a platform for introducing new tokens, seamlessly integrated with Binance Simple Earn and Web3 Wallet, providing a revolutionary airdrop experience. It offers early access to Web3 projects before they are listed on Binance. The unique combination of interaction, education, and rewards makes Megadrop an excellent experience throughout the cryptocurrency ecosystem.

To get started with Binance Megadrop:

1. Log in or register for a Binance account here.

2. Subscribe to BNB Locked Products and/or complete Web3 Quests to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Register for a Binance account and create your first Web3 Wallet now if you have not yet done so.

3. Complete subscriptions to BNB Locked Products on Simple Earn to accrue scores. 

4. Go to Megadrop on the Binance App (coming soon) and complete all the designated Web3 Quests to accrue scores and obtain a score multiplier.

5. Receive Megadrop rewards based on your Total Score.

Related: What is Binance? Binance Exchange Review 2024

Megadrop Scoring Mechanism

The scoring mechanism for Megadrop is as follows:

• Locked BNB Points: Based on the amount of BNB registered and the locking time.
• Web3 Task Rewards and Multiplier: Received upon completing tasks.

Total Points = (Locked BNB Points * Web3 Multiplier) + Web3 Rewards

Each user’s Megadrop reward will be calculated based on the ratio of their Total Points to the Total Points of all qualifying users.

With its creative integration, Binance Megadrop promises to bring a fresh and effective experience for users participating in token launches in the cryptocurrency market.