Megadrop - What is Binance's new Token launch mechanism that helps $BNB increase in reverse?

What is Megadrop?

Binance Megadrop is a product that combines Simple Earn and Binance Web3 Wallet to create a token launch platform, and BounceBit is the first project launched on the platform.

Users will lock their BNB tokens into Binance Simple Earn or complete Web3 Tasks in Binance Web3 Wallet to receive points. Each eligible user's Megadrop reward will be calculated based on their points divided by the total points of all other users. $BNB Not only does it provide additional income benefits to owners, it also educates and encourages users to improve their understanding of Web3 technology.

Megadrop Participation Instructions

1/ Log in to your Binance account and search for Megadrop in the Search Bar.

2/ Explore available projects, select one to see details and participate in different tasks to earn points (BounceBit (BB) was the first project launched on the platform.)

3/ Start accumulating points and rewards by doing the following:

- Lock BNB: Staking your $BNB for different registration periods will affect points (Long-term lock can still be withdrawn normally, only interest will not be calculated, staking will take 2 days.)

- Complete Web3 challenges: Participate in specific challenges using your Binance Web3 Wallet to earn extra points.

👉Your megadrop reward is calculated based on your total score compared to all participants. Rewards will be distributed to your Spot Wallet after the participation period ends.