CEFI

Binance Launches Token Issuance Platform "Megadrop" with Debut Project BounceBit BB

share
Binance Launches Token Issuance Platform "Megadrop" with Debut Project BounceBit BB

Table of Contents

Binance Launches Token Issuance Platform "Megadrop"

According to an announcement on Binance, Binance has launched a new token issuance platform called Megadrop. Users can subscribe to BNB fixed-term products and complete project-related tasks on the Megadrop platform to interact directly with selected projects and receive airdrop rewards.

How to Participate in Binance Megadrop

Users need a Binance account and a Binance Web3 wallet to subscribe to BNB fixed-term products and complete Web3 tasks to accumulate points:

  1. Subscribing to BNB fixed-term products on the Earn platform will accumulate points.

  2. Complete all specified Web3 tasks on the Megadrop page in the Binance app to accumulate points and earn a point multiplier.

Megadrop Points Mechanism

  • BNB Lockup Points: Accumulate points based on the "BNB subscription quantity" and "subscription period length" of any BNB fixed-term product subscribed to on the Earn platform.

  • Web3 Task Points and Web3 Task Multiplier: Users who complete all Web3 tasks and meet the "minimum task requirements" will accumulate Web3 task points and receive a Web3 task multiplier.

The Megadrop reward depends on the user's final points as a percentage of "total final points of all eligible users":

User's final points = BNB Lockup Points * Web3 Task Multiplier + Web3 Task Points.

Note:

  • Wallet addresses imported into the Binance Web3 wallet are not eligible to participate.

  • Only wallets created in the Binance Web3 wallet that have been backed up can participate.

  • Users can check the status of their Web3 task completion on the Megadrop project page.

  • Megadrop rewards will be airdropped to users' Binance spot wallets.

  • If users do not complete all specified Web3 tasks, the Web3 task multiplier will be 1.

Initial Project: BounceBit

  • What is the BounceBit liquidity hosting protocol? Why is it the foundation of its ecosystem operation?

  • Quick overview of BounceBit's design architecture and why Bitcoin can have staking rewards?