Binance recently planned to launch Megadrop, once again demonstrating its innovative capabilities. After the last modification of the Launchpool model, the price of the coin has steadily increased and is relatively strong in 2024. This newly launched Megadrop plan is expected to bring a new round of dividends to the platform and BNB.
Megadrop is an important innovation that encourages users to lock BNB, which can be regarded as a major innovation in the Binance ecosystem. For people like me who hold BTC and BNB for a long time, every plunge is an opportunity to increase holdings. I also lock most of my BNB into regular financial products, which helps to stay rational and avoid selling due to mental breakdown. In the future, if the price of BNB breaks through 700, 900 or even 1,000 US dollars, short-term traders and some long-term holders will inevitably cash out and leave.
Megadrop is a new benefit for those who are firmly optimistic about BNB. It also brings new incremental users to the upcoming projects, which is a huge benefit for the projects. Considering Binance's huge user base, new projects will definitely attract attention quickly. Although most users may only participate in activities and complete tasks, traditional Internet also often acquires customers in this way. Megadrop provides projects with a traffic entrance similar to the WeChat ecosystem. Projects launched on Megadrop will also benefit from Binance's traffic dividend.
The Megadrop plan also reduces the number of short-term speculators who trade BNB through lending or arbitrage, and there is still a certain amount of short-term arbitrage space in Launchpool. In addition, Megadrop has greatly increased the activity of Binance Web3 wallets, adding momentum to ecological construction. If this kind of traffic is used for game projects, it is simply too exciting, who can compare.
Locking BNB will reduce the circulation in the market, reduce selling pressure, and theoretically increase the APR of BNB on the lending platform. All of this will bring new impetus to the prosperity of the Binance ecosystem.
