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Binance Opens BounceBit (BB) Megadrop, Lists BB On May 13
Binance has opened the BounceBit (BB) Megadrop with trading pairs BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY.
The first project on Binance Megadrop, a token launch platform incorporating airdrops and Web3 quests.
Binance launches BounceBit (BB) Megadrop. BB is the first project on Binance Megadrop, a token launch platform with airdrops and Web3 quests.
BounceBit Megadrop page on Binance App expected in five hours.
Maximum BounceBit token supply is 2.1 billion BB. The Megadrop Token Rewards are 168 million BB, 8% of the overall token supply.
Initial circulating supply is 19,5% of maximum token supply, or 409,5 million BB. Users must undergo KYC in approved jurisdictions.
BounceBit (BB)?
Bitcoin restaking chain BounceBit (BB) uses a unique CeDeFi technology. BounceBit lets BTC investors earn dividends from many sources using CeFi and DeFi.
On BounceBit, the BB token has many uses:
Staking: users can stake BB to participate in PoS dual-token staking.
Protocol Incentive: validators who secure the network receive the token for staking.
Gas: BB represents transaction and smart contract gas fees.
Governance: BB users can vote on protocol updates.
BB can be used as currency on BounceBit and in other applications and infrastructure as a means of exchange or store of value.
Layer 1 of BounceBit includes:
A hybrid consensus technique where validators accept BBTC and $BB tokens is dual-token PoS.
Native LSD module, letting validators stake and receive LST vouchers.
BounceBit's CeFi layer features Regulated Custody with funds housed in secure MPC wallets and Off-Exchange Settlement for safe CEX liquidity access.
Previous fundraising events earned little about $8 million for the project.
On April 18, Binance launched Binance Megadrop, an airdrop and Web3 quest token launch platform.
Binance notes that the concept is reinventing airdrops. User access to selected Web3 projects before exchange listing is granted by Megadrop.
