Token

BounceBit

Bitcoin

<div class="dailyhodl">
 <p>Binance is unveiling a new “megadrop” token launch platform with Bitcoin (BTC) “restaking” chain BounceBit (BB) as its first project.</p>
 <p>In a new announcement, the world’s largest crypto exchange platform by volume says that the Binance Megadrop is a new platform that integrates both Binance Simple Earn and Binance’s Web3 Wallet and will grant investors access to assets not yet listed on the crypto exchange.</p>
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 <p>Furthermore, Binance says the Megadrop will feature the native asset of BounceBit and Web3 quests that allow users to earn rewards.</p>
 <p><em>“Binance is launching Binance Megadrop, a new token launch platform with airdrops and Web3 quests, where users can subscribe BNB to locked products and/or complete tasks in their Web3 Wallet for early access to rewards from selected Web3 projects before their tokens are listed on the Binance Exchange.” </em></p>
 <p>BounceBit is a project that has a framework built around both centralized and decentralized finance, allowing BTC holders to earn yield across many sources.</p>
 <p><em>“BounceBit’s approach is based on the idea that boosting Bitcoin should mainly involve using assets without altering the Bitcoin blockchain.</em></p>
 <p><em> By [bringing] access to funding rate arbitrage and creating on-chain certificates for re-staking and mining, BounceBit effectively combines the strengths of centralized finance (CeFi) and decentralized finance (DeFi).” </em></p>
 <p>The project’s native asset can be staked, used as a governance token and to pay for the protocol’s gas fees, given out as a validation reward, or be a medium of exchange or store of value.</p>
 <p>The token will have a max supply of 2.1 billion while only 8% of that (168 million) will be allocated for the Megadrop, according to Binance.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-unveils-new-megadrop-token-launch-platform-picks-bitcoin-restaking-chain-to-serve-as-first-project-tbt85895.html">https://thebittimes.com/binance-unveils-new-megadrop-token-launch-platform-picks-bitcoin-restaking-chain-to-serve-as-first-project-tbt85895.html</a></p>

Binance Unveils New ‘Megadrop’ Token Launch Platform, Picks Bitcoin Restaking Chain To Serve As First Project

TheBitTimes

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