What is Binance’s new token issuance platform Megadrop? How to participate in Binance Megadrop?

Binance, a well-known cryptocurrency exchange, launched a new token issuance platform "Megadrop" on April 18. Binance users can purchase BNB fixed-term products through this platform and complete it in the Binance Web3 wallet. The task of the project team is to directly interact with the selected project team to obtain airdrop rewards.

So, how should users participate in Binance Megadrop? What projects are currently available on the platform?

What is Binance Megadrop?

According to Binance’s announcement on April 18, Megadrop is a new token issuance platform launched by the exchange.

The platform combines airdrops and Web3 tasks. Users can subscribe for BNB regular products and complete tasks in the Web3 wallet, thereby receiving early airdrop rewards from selected Web3 projects.

Binance Megadrop aims to provide users with an interactive and rewarding experience in the crypto ecosystem. More details on Megadrop numbers, Web3 missions, and detailed go-to-market plans will be announced later.

How to participate in Binance Megadrop?

To start using the Binance Megadrop, users need to log into their Binance account and ensure they have at least an active Binance Web3 wallet.

They can then subscribe for BNB locked products and/or complete Web3 tasks to accumulate points. These points will determine the rewards earned through the Megadrop program.

Megadrop’s points mechanism is based on the locked BNB score, which is calculated based on the amount of BNB subscribed and the length of the subscription period. When users complete specified Web3 tasks, they will also receive Web3 task point rewards and Web3 task multipliers.

The user’s final points are: (Locked BNB points * Web3 task multiplier) Web3 task points

If the user does not complete all specified Web3 tasks, his Web3 task multiplier is 1.

It should be noted that external wallets imported into Binance Web3 wallet are not counted. Only backup wallets created within Binance Web3 wallet can participate in Megadrop. Megadrop rewards will be airdropped into users’ Binance spot wallets.

Additionally, participants have certain eligibility criteria depending on their jurisdiction.

What are the Binance Megadrop projects?

The first cryptocurrency project to be listed on Binance Megadrop is BounceBit (BB). BounceBit is a layer 1 infrastructure for re-mortgaging BTC and other assets and is overseen by Mainnet Digital and Ceffu.

According to data released by Binance Megadrop, BounceBit’s token details are:

• Maximum supply of tokens: 2,100,000,000 BB
• Initial circulation: 409,500,000 BB (Accounting for 19.5% of the maximum supply of the token)
• Megadrop Total Amount: 168,000,000 BB (Accounting for 8% of the maximum supply of the token)

Binance will announce the completion of the Megadrop Launched on BB, the specific listing plan will be announced separately.

For a detailed introduction to BounceBit (BB) currency, please see:

https://www.jb51.net/blockchain/934671.html

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