Binance Releases New Token Launch Platform Megadrop with Airdrops & Web3 Quests

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Binance has just rolled out a new feature called Binance Megadrop, which serves as a platform for launching new tokens alongside offering airdrops and Web3 quests. The first project on this platform is BounceBit (BB), a BTC restaking chain, which will also be listed on Binance. 

This development opens a new chapter in how tokens are introduced to the market.

Details of Binance Megadrop

Binance’s announcement states that Megadrop is a way for users to get early access to select Web3 projects. They can do this by subscribing BNB to Locked Products or completing specific tasks in their Web3 Wallets. This early access comes before the tokens are publicly listed on the Binance Exchange.

Here are the key details of BounceBit within the Megadrop:

• -Token Name: BounceBit (BB)
• – Max Token Supply: 2,100,000,000 BB
• – Megadrop Token Rewards: 168,000,000 BB, which is 8% of the maximum token supply.
• – Initial Circulating Supply: 409,500,000 BB, accounting for 19.5% of the maximum token supply.

A research report on BounceBit will be available within an hour of the announcement.

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Launch Mechanics and User Participation

Binance Megadrop seamlessly integrates features from Binance Simple Earn and the Binance Web3 Wallet, aiming to revolutionize the airdrop experience. This platform not only enables user engagement and education but also rewards them, setting a new standard in interactive experiences in the crypto ecosystem. 

Recall that Binance’s founder and former CEO Changpeng “CZ” Zhao recently announced the opening of Giggle Academy, which provides free basic education for kids.

Moving on, Binance has described Megadrop as a new era in token launches, merging engagement with early financial incentives. Users interested in participating need to log into their Binance account, ensure they have an active Binance Web3 Wallet, and subscribe to BNB Locked Products.

Read More : Binance to Resume India Operations After $2M Fine 

Additionally, they can complete various Web3 Quests to accumulate scores, which will determine the proportion of Megadrop rewards each participant receives.