Multiplier

BounceBit

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Binance announced the launch of the Binance Megadrop token launch platform with airdrops and Web3 quests.</li>
 <li>The first project to be introduced will be BounceBit (BB) – a BTC restaking chain.</li>
</ul>
<p><a href="https://www.binance.com/en/support/announcement/binance-launches-megadrop-a-token-launch-platform-with-airdrops-and-web3-quests-748b7181f5d14d6fb2add4048374d646" rel="noopener noreferrer nofollow" target="_blank">Binance</a> has just announced the launch of Binance Megadrop, a new token launch platform with airdrops and Web3 quests.</p>
<p>Users will be able to subscribe BNB to Locked Products and/or complete tasks in their Web3 Wallet in order to get early access to rewards from selected Web3 projects before their tokens get listed on the Binance exchange.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 <p lang="en" dir="ltr">Introducing Megadrop, <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Binance</a>'s first-of-its-kind token launch platform blending the best of Launchpool, Web3, and Airdrop elements.</p>
 <p>Unlock exclusive early access to upcoming tokens and seize one-of-a-kind airdrop opportunities!</p>
 <p>Learn more <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>— Binance (@binance) <a href="https://twitter.com/binance/status/1780880581414576445?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">April 18, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="1st-project-on-binance-megadrop-bouncebit-bb">1st project on Binance Megadrop: BounceBit (BB)</h2>
<p>According to the official announcement, the first project set to be introduced on Binance Megadrop is BounceBit (BB), a Bitcoin restaking chain.</p>
<p>The maximum token supply will be 2.1 billion BB. The Megadrop Token rewards will be about 8% of the maximum token supply, approximately 168 million BB.</p>
<p>The initial circulating supply will be 409.5 million BB, meaning 19.5% of the maximum token supply.</p>
<p>Binance notes that more details about the Megadrop amount, Web3 quests, and detailed spot listing plan will follow via a separate announcement.</p>
<p>BounceBit announced on X that <a href="https://twitter.com/bouncc_bil/status/1780897527341940919" rel="noopener noreferrer nofollow" target="_blank">BB airdrop</a> is now live.</p>
<h2 id="what-is-binance-megadrop">What is Binance Megadrop?</h2>
<p>Binance Megadrop is a new token launch platform that integrates Binance Simple Earn and the Binance Web3 Wallet. It’s basically reinventing users’ airdrop experience, according to Binance’s own notes.</p>
<p>Megadrop grants users early access to select Web3 projects before they are listed on the exchange.</p>
<p>This is a unique combination of engagement, education and rewards that places Megadrop as an “unparalleled interactive experience” within both Binance and the broader crypto ecosystem.</p>
<h3 id="getting-started-with-binance-megadrop">Getting started with Binance Megadrop</h3>
<p>In order to get started with the platform, users have to log in to their Binance account and make sure that they have at least one active Binance Web3 Wallet.</p>
<p>Users have to subscribe to BNB Locked Products and/or complete the Web3 Quests to accrue scores. After that, they have to complete subscriptions to BNB Locked Products or Simple Earn to accrue scores.</p>
<p>Eventually, users have to go to Megadrop on the Binance App and complete all the designated Web3 quests in order to accrue scores and get a score multiplier. After this, they will receive Megadrop rewards based on their Total Score.</p>
<h3 id="scoring-system">Scoring system</h3>
<p>The Scoring System involves the following:</p>
<ul>
 <li>Locked BNB Score – users receive a score based on the quantity of BNB subscribed and the length of the subscription period.</li>
 <li>Web3 Quest Bonus and Web3 Quest Multiplier – users receive a Web3 Quest Bonus and a Web3 Quest Multiplier when they complete all designated Web3 Quests with the minimum requirements specified.</li>
 <li>The system calculated users’ Total Score by applying the Web3 Quest Multiplier to their Total Locked BNB Score and then adding the Quest Bonus.</li>
</ul>
<p><a href="https://crypto.ro/en/news/binance-receives-full-crypto-license-in-dubai/" rel="noopener noreferrer nofollow">Binance</a> has made important announcements lately, and earlier, the crypto exchange revealed that the exchange has just received a <a href="https://www.binance.com/en/blog/markets/binance-fze-receives-a-vasp-licence-from-dubais-virtual-assets-regulatory-authority-6121983057450016990?ref=AZTKZ9XS&amp;utm_source=BinanceTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial" rel="noopener noreferrer nofollow" target="_blank">VASP License in Dubai</a>.</p>
<p>Also, in an official announcement, Binance<a href="https://crypto.ro/en/news/binance-converts-1b-safu-to-usdc-to-enhance-reliability/" rel="noopener noreferrer nofollow"> revealed</a> that it had converted the entire pool of assets that are held in the emergency fund for users into USDC.</p>

Binance Launches Megadrop Platform With BounceBit (BB) As 1st Project

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