The world’s largest crypto exchange Binance is stepping up its activities towards Web3 and has launched a program called Megadrop. First action there: Secure BounceBit (BB) for free with Binance Coin (BNB) or Web3.
With Binance Launchpool and Launchpad, the world’s leading crypto exchange has already established two very successful customer loyalty programs. Now a new program is being launched with Binance Megadrop, which focuses on Web3. For the launch, Binance Megadrop will distribute BounceBit (BB) for free before the exchange debut. The rules for this are quite straightforward:
– The Binance Web3 wallet was introduced around six months ago and this is set to become the hub of Megadrop. You should therefore set up this wallet with a confirmed Binance account.
– With Binance Megadrop, there are two ways to secure benefits such as the airdrop from BounceBit (BB). A distinction is made between depositing Binance Coin (BNB) and solving tasks on Web3.
– Anyone depositing their BNB with Binance Megadrop via the Web3 wallet must opt for a minimum period of 15 days and a maximum of 120 days. In return, there is an annual interest rate of up to 1.69 percent on the BNB plus points for Megadrop. Basically, the longer the period chosen for depositing BNB, the more Megadrop points.
– The second option for earning Binance Megadrop points is to solve typical Web3 tasks (“quests”). These are displayed directly via the Web3 wallet and sometimes require BNB. A nice side effect: even newcomers are introduced to Web3 without any major hurdles.
– Binance then calculates your individual total score valid for Megadrop campaigns from the two options. This is important because, as with BounceBit (BB), it determines how many tokens you are entitled to for free. To optimize your participation, you must deposit BNB and solve the Web3 tasks. But it is also allowed to choose only one way to earn Megadrop points.
– You can find the exact rules for Binance Megadrop here. Remember: Without the activated Binance Web3 Wallet you are excluded.
Information on Binance Megadrop and BounceBit (BB)
It remains to be seen whether Binance Megadrop will replace Launchpool in the future. While you can withdraw BNB deposited with Binance Launchpool at any time, with Megadrop you have to deposit them for at least 15 days in order to receive points. However, you will also receive interest on your BNB. If you redeem BNB prematurely, the Megadrop points are lost.
Binance has selected BounceBit (BB) to fill Megadrop with an attractive offer right from the start. The project aims to enable the restaking of Bitcoin (BTC) in the future and is targeting a launch this quarter. The native BounceBit token will make its stock market debut on Binance, although no binding launch date has yet been set. Binance Megadrop will have 8 percent of all BounceBit available for distribution, which will be almost half of all BB at the exchange debut.
Conclusion: Try out Binance Megadrop with BounceBit (BB)
With Launchpool and Launchpad, Binance initially had to fine-tune the rules several times and this could also happen with Megadrop. With the first campaign for BitBounce (BB), Binance naturally wants to gain experience as to whether the merging of Web3 tasks with the depositing of BNB is well received by customers. From the information available on Binance Megadrop, however, it is a low-risk concept for participants and, with BounceBit, a coin as an incentive that could have a future. So take a look at the offer yourself – if you own BNB and are interested in Web3, Binance Megadrop with BounceBit could be just the thing for you.
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