In recent times, Binance has continuously made efforts to select and help users participate early in famous projects through Launchpool. In order to promote its potential, on April 18, Binance launched Binance Megadrop.

Binance Megadrop is a new token issuance platform that seamlessly integrates Binance Simple Earn and Binance Web3 Wallet, experiencing a new form of airdrop. Megadrop gives users early access to select Web3 projects before they are listed on Binance.

What is the difference between Megadrop and Launchpool?


💻 Instructions for participating in Binance Megadrop


1. Log in to your Binance account and go to [More] - [Megadrop]

2. You will see a list of selected Web3 projects. Tap on an ongoing project to go to that project's details page.

3. In the [Tasks] tab, you can complete various tasks to earn points and receive rewards.

You will also see participation time, reward distribution, and coin listing time for the project.

How to earn points on Binance Megadrop?

There are different ways for you to earn points, such as registering your BNB with Simple Earn's BNB Locked Products or connecting your Web3 Wallet to a project. You can refer to the project page for available tasks.

Note: Registration for the BNB Key Product is not required. You can participate in Megadrop without registering any BNB Locking Products.

1. Lock BNB

1.1. Scroll down to the [BNB Keys] section. You will see available registration times. Your score is determined by the amount of BNB registered and the time of registration. Longer registrations yield higher scores.

Note: Your score may change due to daily registration fluctuations. Scoring is based on averages from daily snapshots.

The scores and multipliers below are for reference only. Please refer to the Megadrop project page for actual scores and multipliers.

1.2. Click [Register] and you will be redirected to the BNB Simple Earn Key Product page. Follow the instructions to enroll your BNB into Locked Products.

1.3. You will see [Locked] after completing this mission.

2. Complete the Web3 quest

To participate in Web3 missions, you need to own a Binance Web3 Wallet. If you don't have one yet, learn how to create a Web3 Wallet here.

2.1. You can earn points by completing tasks in [Complete Web3 Tasks]. Below are some examples of tasks. Please refer to the project page for available tasks.

To participate in a mission, tap [Earn Points].

2.2. Read the mission description and instructions. Click [Get Started Now]

2.3. Follow the instructions to complete the task. Then, tap [Verify] on the [Task Details] page and the system will verify that you have completed the task.

2.4. Once verified, you will see a [Task Completed] pop-up and a [Completed] tag on the [Task Details] page.

Click [View Task] to return to the project page.

You can see your task status on the project page. Your points will also be automatically calculated

Your score will be updated on the project page in real time. Please note that this score is not final and will fluctuate based on your daily BNB locked and Web3 task completion status.

After the participation period ends, the system will calculate your final score and distribute the rewards to your Spot Wallet within the distribution period listed on the project page.

You can check the Megadrop rewards in your Spot Wallet by going to [Wallets] - [Spot].


Megadrop mechanism based on scores:

The Megadrop reward for each qualified user will be based on the user's Total Points relative to the Total Points of all qualified users.


Scoring system:

  • Locked BNB Points: Users will receive points based on the amount of BNB registered and the time of registration. Longer registrations yield higher scores. This score can fluctuate because it is based on averages from daily snapshots.

  • Web3 Quest Rewards* and Web3 Quest Multiplier: Users will receive Web3 Quest Rewards and Web3 Quest Multiplier when they complete all specified Web3 Quests with the specified minimum requirements determined.

  • The system will calculate the user's Total Points by applying the Web3 Task Multiplier to their total locked BNB Points and then adding the Web3 Task Rewards.

Total Points = (Locked BNB Points * Web3 Quest Multiplier) + Web3 Quest Bonus

When will I receive the reward?

Your score will be updated on the project page in real time. This score is not final and will fluctuate based on your daily BNB locked and Web3 task completion status.

After the participation period ends, the system will calculate your final score and distribute the rewards to your Spot Wallet within the distribution period listed on the project page.

You can check the Megadrop rewards in your Spot Wallet by going to [Wallets] - [Spot].