Token

Multiplier

Cryptocurrency

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-launches-new-token-platform-with-megadrop/" data-wpel-link="internal">Binance Launches New Token Platform with Megadrop</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/izlanda-bitcoin-madencilerinin-fisini-cekiyor-iste-detaylar" data-wpel-link="internal">Cryptocurrency</a> exchange <a href="https://en.coin-turk.com/binance-us-partners-with-moonpay-to-enable-transactions-with-us-dollars/" data-wpel-link="internal">Binance</a> today announced a new platform, airdrop, and listing announcement. Accordingly, <strong>Binance</strong> is launching Binance Megadrop, a new token launch platform that features airdrops and Web3 tasks that users can participate in before the tokens are listed on Binance. The first project to be introduced on Binance Megadrop will be <strong>BounceBit (BB)</strong>, a BTC restaking chain.</p> 
<h2 style="text-align: justify" id="details-on-the-bouncebit-megadrop">Details on the BounceBit Megadrop</h2> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/historic-turnaround-for-crypto-with-giant-financial-players-entering-the-field/" data-wpel-link="internal">Cryptocurrency</a> exchange Binance provided the following details about the <strong>BounceBit</strong> Megadrop:</p> 
<ul> 
 <li style="text-align: justify">Token Name: BounceBit (BB).</li> 
 <li style="text-align: justify">Maximum Token Supply: 2,100,000,000 BB.</li> 
 <li style="text-align: justify">Megadrop Token Rewards: 168,000,000 BB (8% of maximum token supply).</li> 
 <li style="text-align: justify">Initial Circulating Supply: 409,500,000 BB (19.5% of maximum token supply).</li> 
</ul> 
<h2 style="text-align: justify" id="what-is-binance-megadrop">What is Binance Megadrop?</h2> 
<p style="text-align: justify">Binance <strong>Megadrop</strong> is a new token launch platform that reinvents the airdrop experience by seamlessly integrating Binance Simple Earn and Binance Web3 Wallet. Megadrop offers users early access to certain Web3 projects before they are listed on Binance.</p> 
<p><img loading="lazy" decoding="async" loading="lazy" class="wp-image-333805 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Altcoin-Binance.jpeg" alt="" width="1280" height="720"></p> 
<p style="text-align: justify">This unique combination of interaction, education, and rewards positions <strong>Megadrop</strong> as a unique interactive experience within both Binance and the broader crypto ecosystem.</p> 
<h2 style="text-align: justify" id="how-to-get-started-with-binance-megadrop">How to Get Started with Binance Megadrop?</h2> 
<p style="text-align: justify">You need to log into your Binance account and make sure you have at least one active Binance Web3 Wallet. You must register for a Binance account and create your first Web3 Wallet now if you haven’t done so already.</p> 
<p style="text-align: justify">To earn points, you need to subscribe to <strong><a href="https://en.coin-turk.com/despite-the-markets-red-days-binance-coin-holds-its-ground-whats-next-for-bnb/" data-wpel-link="internal">BNB</a></strong> Locked Products and/or complete Web3 Tasks. It is also important to complete subscriptions to BNB Locked Products in Simple Earn to earn points. Afterwards, you will receive Megadrop rewards based on your total points.</p> 
<h2 style="text-align: justify" id="point-based-megadrop-mechanism">Point-Based Megadrop Mechanism</h2> 
<p style="text-align: justify">The Megadrop reward per qualified user will be based on the user’s Total Points proportional to all qualified users’ Total Points. The Scoring System will be as follows:</p> 
<ul> 
 <li style="text-align: justify">Locked BNB Score: Users will receive a score based on the amount of BNB they hold and the duration of this holding. Longer subscriptions will yield higher scores. This score will vary as it is based on averages from daily snapshots.</li> 
 <li style="text-align: justify">Web3 Task Bonus and Web3 Task Multiplier: Users will receive a Web3 Task Bonus and a Web3 Task Multiplier upon completing all designated Web3 Tasks with the specified minimum requirements.</li> 
</ul> 
<p style="text-align: justify">The system will calculate users’ Total Points by applying the Web3 Task Multiplier to the total Locked BNB Score and then adding the Web3 Task Bonus. The relevant formula will be:</p> 
<ul> 
 <li style="text-align: justify">Total Points = (Locked BNB Score * Web3 Task Multiplier) + Web3 Task Bonus</li> 
</ul> 
<p style="text-align: justify">If users do not complete all designated Web3 Tasks, the multiplier will be 1. Megadrop rewards will be sent to users’ Binance Spot Wallets.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binance-launches-new-token-platform-with-megadrop/" data-wpel-link="internal">Binance Launches New Token Platform with Megadrop</a></h5>

Binance Launches New Token Platform with Megadrop

Table of Contents

COINTURK NEWS

Other articles published on Apr 18, 2024

Basic Attention Token Price Prediction 2024, 2025: Is BAT Token A Good Investment?

Franklin Templeton says Runes is essential for Bitcoin’s survival

Polkadot Faces Uphill Battle: Can DOT Hit $8?

Mind Network and io.net Partners up for Advanced AI Security and Efficiency (18 Apr)

National Robotarium Introduces Ameca, the Most Advanced AI Humanoid Robot

Aptos Labs collaborates with Microsoft, Brevan Howard and SK Telecom to bring global institutiona...

Join our free newsletter for daily crypto updates!