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Binance Introduces Revolutionary ‘Megadrop’ Token Launch Platform, Selects Bitcoin Restaking Chain as Inaugural Project

Binance is introducing a new platform for token launches called “Megadrop” with Bitcoin (BTC) “restaking” chain BounceBit (BB) as its initial project. The platform will integrate Binance Simple Earn and Binance’s Web3 Wallet, providing investors with access to assets not yet listed on the exchange. Additionally, the Megadrop will include BounceBit’s native asset and Web3 quests for earning rewards.

BounceBit is a project that combines both centralized and decentralized finance, enabling BTC holders to earn yield from various sources without altering the Bitcoin blockchain. The project’s native asset can be staked, used for governance, pay for gas fees, as a validation reward, or as a medium of exchange or store of value. Only 8% of the token’s max supply of 2.1 billion (168 million) will be allocated for the Megadrop.

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Source: https://dailyhodl.com/2024/04/20/binance-unveils-new-megadrop-token-launch-platform-picks-bitcoin-restaking-chain-to-serve-as-first-project.



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