Binance, the leading cryptocurrency exchange, has recently unveiled the introduction of Binance Megadrop, a novel token launch platform that combines airdrops and Web3 quests. This innovative platform enables users to commit BNB to Locked Products and fulfill tasks in their Web3 Wallet to earn early rewards from selected Web3 projects prior to their tokens being listed on the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. The token specifications for BounceBit are as follows: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of the maximum token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of the maximum token supply).
To commence their journey with Binance Megadrop, users must log in to their Binance account and confirm the presence of at least one active Binance Web3 Wallet. Subsequently, they can engage in subscribing to BNB Locked Products and/or accomplishing Web3 Quests to accumulate scores. These scores play a pivotal role in determining the rewards obtained through the Megadrop initiative.
The scoring mechanism for Megadrop revolves around the Locked BNB Score, which is computed based on the amount of BNB subscribed and the duration of the subscription period. Upon successful completion of the designated Web3 Quests, users will receive a Web3 Quest Bonus and a Web3 Quest Multiplier. The total score is derived by applying the Web3 Quest Multiplier to the Locked BNB Score and incorporating the Web3 Quest Bonus.
It is imperative to highlight that external wallets imported to the Binance Web3 Wallet will not be considered, and solely wallets created within the Binance Web3 Wallet ecosystem can partake in Megadrop. The rewards from Megadrop will be distributed via airdrops to users’ Binance Spot Wallets.
Users are reminded to fulfill identity verification requirements and maintain at least one active Binance Web3 Wallet to be eligible for Megadrop rewards. Furthermore, certain eligibility constraints based on jurisdiction are in place for participants. Presently, individuals from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are ineligible to engage in BB Megadrop.
The primary objective of Binance Megadrop is to offer users an engaging and gratifying experience within the cryptocurrency landscape. Further specifics regarding the Megadrop allocation, Web3 Quests, and the comprehensive listing strategy will be disclosed in due course.
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