Binance Unveils Megadrop: A Token Launch Platform featuring Airdrops and Web3 Quests

Binance, the biggest crypto exchange, has introduced Binance Megadrop, a novel token launch platform combining airdrops and Web3 quests. This platform enables users to subscribe BNB to Locked Products and complete tasks in their Web3 Wallet for early access to rewards from chosen Web3 projects before listing on Binance Exchange.
The first project on Binance Megadrop is BounceBit (BB), a BTC restaking chain. The token details for BounceBit include Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To start with Binance Megadrop, users must log into their Binance account and ensure an active Binance Web3 Wallet. They can subscribe to BNB Locked Products and/or complete Web3 Quests to earn scores. These scores will determine the rewards from the Megadrop program.
The scoring system for Megadrop is centered on the Locked BNB Score, calculated by the subscribed BNB quantity and subscription period. Users also get a Web3 Quest Bonus and Multiplier for completing designated Web3 Quests. The total score combines the Web3 Quest Bonus with the product of the Web3 Quest Multiplier and Locked BNB Score.
Imported external wallets to Binance Web3 Wallet won’t count; only backed-up wallets created within Binance Web3 Wallet can participate in Megadrop. Rewards will be airdropped to users’ Binance Spot Wallets.
Users must complete identity verification and possess an active Binance Web3 Wallet to qualify for Megadrop rewards. Certain jurisdiction-based eligibility criteria exclude participants 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 from BB Megadrop participation.
Binance Megadrop looks to offer an engaging and rewarding experience in the crypto ecosystem. Detailed information on Megadrop amount, Web3 Quests, and listing plans will be announced separately.
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