Drop yourself

Binance’s new launch platform MEGADROP.

𝟭. What is 𝗠𝗘𝗚𝗔𝗗𝗥𝗢𝗣?
To put it simply, MEGADROP is a channel that connects Binance’s simple currency-earning regular financial management with Binance’s Web3 wallet, allowing users to obtain new coins. The main operating model is broken down as follows:
(1) Simply earn coins on Binance to subscribe for fixed-term commodities and lock BNB
(2) Complete the task in Binance Web3 wallet

These two actions will affect the weight of points respectively, and the points finally obtained by the user will be used as the benchmark for the new currency airdrop.
User’s final points = (locked BNB points * Web3 task multiplier) + Web3 task points.

The amount of BNB points locked is determined by the amount of BNB locked and the number of days of subscription (locking). As you can imagine, the more BNB you lock and the longer the period of time, the higher your points will be.
However, locking BNB is not necessary. Users can also obtain task points simply by completing Web3 tasks. However, not locking BNB will make the Web3 task multiplier meaningless (because BNB points are 0).

𝟮. Comparison of 𝗠𝗘𝗚𝗔𝗗𝗥𝗢𝗣 and 𝗟𝗮𝘂𝗻𝗰𝗵𝗽𝗼𝗼𝗹
As you can see in Figure 2, Binance has made a very comprehensive comparison chart. The most obvious difference is that MEGADROP points can only be obtained through BNB regular products, and the number of rewards can be increased through the user's labor (X) effort (O) .

𝟯. 𝗠𝗘𝗚𝗔𝗗𝗥𝗢𝗣Ask about the possible impact on the market
(1) MEGADROP’s huge advantage: one BNB to eat four
By subscribing for BNB fixed-term products and participating in MEGADROP, you can obtain the following four types of profits.
-BNB regular financial management interest
-Binance Launchpool new coin mining
-Web3 wallet task rewards
-MEGADROP new currency rewards

(2) BNB supply and liquidity tightening
Since last year, Binance has held multiple Launchpools, causing BNB to soar by more than 200% from the bottom. Through the continuous launch of new currency mining expectations, it has increased the demand for holders and BNB;
Now MEGADROP is launched, using the aforementioned method of eating more than one fish, pushing the BNB that was originally pledged in current deposits or only put into Launchpool pledge into fixed-term products, so that the locked position can be held for a longer period of time.
In line with the original fuel demand and automatic destruction mechanism on the BNB chain, the supply of BNB is reduced, and the price of BNB may also be further pushed up due to tight supply and liquidity.
(The 27th burn was just completed on April 24, 2024, and BNB worth approximately US$1.17B was destroyed. On the same day, BTC fell 5%, while BNB closed up and maintained a high level, with the highest price touching 618.5 USD)

$BNB
#Megadrop