After Launchpool & Launchpad Binance Again Comes up with another user reward platform - Binance MegaDrop, a quest based Airdrop incentive for Binance app & Web3 Wallet Users. 
Binance Megadrop, is a new token launch platform with airdrops and Web3 quests, where users can subscribe BNB to Locked Products and/or complete tasks in their Web3 Wallet for early access to rewards from selected Crypto projects before their tokens are listed on the Binance Exchange.

TLDR; 

 Earn free crypto on Binance MegaDrop by locking BNB in Savings or completing Web3 tasks (quests) to get early access to new crypto projects.Activate your Binance Web3 Wallet to participate in Web3 quests. Download the Binance app and activate your Web3 Wallet.The more points you earn by locking BNB and completing quests, the bigger your reward will be.Your reward is based on your total score compared to all participants. Locking more BNB for longer gets you more points.MegaDrop focuses on early access to new tokens, while Launchpool can be for new or existing tokens. MegaDrop rewards are based on points, Launchpool rewards are based on amount locked.

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🔆 How To interact With MegaDrop 
1. Make sure you're logged in to your Binance account and have activated the Binance Web3 Wallet. There are two ways to collect points for Megadrop rewards:
2. Lock up your BNB: Subscribe to BNB Locked Savings products on Binance to earn points.
3.Do Web3 tasks: Complete special tasks related to the sepecific projects (Web3 Quests) to earn points. 
4. More points, better rewards : The Binance app have a Megadrop section. There, you can find Web3 Quests to complete and earn a bonus on your points.
5. The higher your score, the bigger your reward: The total points you earn will determine how much you get rewarded through Megadrop.

☄️ How to create a Binance Web3 Wallet?
1. Download the Binance app, if you haven't already.
2. Log in to your Binance app.
3. Tap on "Wallets".

4. Navigate to the "Web3" tab at the top.

5. Tap "Create Wallet" and make sure you have backup verified.

⚡ How To Do Web3 Quest? 
1. Go to MegaDrop Section In your Binance app. You can Find it "More" Section or you can just search it on search Bar. 

2. You'll see Ongoing MegaDrop event. Click on that. We using Bouncebit For the example. 

3. Scroll Down you'll see "Web3 Quest & BNB Locked Options" . Click on that and you'll get a specific task to complete. 

4. Don't worry, there's always tutorial for Quest. 

💊 How Binance Will Calculate Your Reward ?
1. Megadrop reward per qualified user will be based on the user’s Total Score in proportion to the Total Scores by all qualified users. 
2. Locked BNB Score: Users will receive a score based on the quantity of BNB subscribed and the length of the subscription period. Longer subscriptions yield higher scores. This score may fluctuate as it is based on averages from daily snapshots. 

3. Web3 Quest Bonus and Web3 Quest Multiplier: Users will receive a Web3 Quest Bonus and a Web3 Quest Multiplier when they complete all the designated Web3 Quests with the minimum requirements specified. 
4. The system will calculate users’ Total Score by applying the Web3 Quest Multiplier to their total Locked BNB Score and then adding the Web3 Quest Bonus.
5. Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus. 
🔸Locked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount x 130) + (Average 90-day BNB Locked Amount x 120) + (Average 60-day BNB Locked Amount x 110) + (Average 30-day BNB Locked Amount x 100) 
🔹Web3 Quest Multiplier: 1.5x
🔸Web3 Quest Bonus: 1,000

🔆 How MegaDrop Different From Launchpool ?

Megadrop: Focuses on early access to new tokens from Web3 projects before they are listed on Binance.
Launchpool: Can offer early access to both new and existing tokens.
🔬 Participation :
Megadrop: Users participate by subscribing their BNB to Binance Earn Locked Products and completing Web3 tasks.
Launchpool: Users participate by subscribing their BNB to Binance Earn Locked Products, BNB Vault, or locking other tokens directly into the Launchpool platform
🔬 Rewards :
Megadrop: Points are earned through a combination of BNB locked points, Web3 Quest coefficient, and rewards from Web3 Quests. Higher points lead to better rewards.
Launchpool: Rewards are typically distributed based on the amount of tokens a user locks for a set period.
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The Joining Process is the Actual offical post from Binance, the article is represented here just for information purposes. Names are taken only for information not for any investment purposes 
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⚡ 𝗠𝗼𝗿𝗲 𝗔𝗹𝗽𝗵𝗮, 𝗝𝗼𝗶𝗻 𝗨𝘀, 𝗙𝗼𝗹𝗹𝗼𝘄 𝗨𝘀, 𝗦𝗵𝗮𝗿𝗲 𝗨𝘀 ⚡ @Techandtips123
#Binance #megadrop #Web3Wallet

The market's down, but that doesn't mean opportunity is gone! Let's dive into strategies for selecting the right coins to add to your portfolio after a dump.

🔆 Daily Active Users (DAU): High DAU indicates a project with a vibrant user base actively engaging with the platform. This suggests the project is solving a problem or offering a valuable service that people use regularly. Increased user activity can lead to more demand for the project's token, potentially driving the price up.
💥 Transaction Volume: Transaction volume refers to the total amount of cryptocurrency being transferred within the project's ecosystem. High transaction volume signifies a project with a healthy level of activity and utility. More transactions often translate to increased demand for the token to facilitate those transactions, potentially causing a price rise.
✴️ Trading Volume: This refers to the total amount of a cryptocurrency being bought and sold on exchanges. High trading volume indicates strong market interest in the token. Active trading can bring more attention to the project, potentially attracting new investors and driving the price up.
🤖 Fees (if collected): Some crypto projects collect fees for transactions or services on their platform. Consistent fee collection demonstrates a sustainable revenue model, which can be a positive sign for investors. Fees can also create a demand for the token if they're required for using the platform.
🌀 Staking Stats (if available): Staking allows investors to earn rewards for holding a cryptocurrency. High staking participation indicates investor confidence in the project's long-term potential. Staking can also reduce the circulating supply of tokens, potentially leading to price appreciation due to increased scarcity.
⚡ Active Holders: This refers to the number of wallets holding a particular cryptocurrency that have recently interacted with it. A high number of active holders suggests strong community engagement and distributed ownership, which can be viewed favorably by investors. It indicates the project isn't controlled by a small group and has a broader user base.

🐠 Important to Note:
These factors should be considered together, not in isolation. A strong project will typically exhibit a combination of these positive metrics. And Collect the Data For last 30-60 Days. If Any coin doing somehow positive on those metrics but continuously outperformed by market. You Must best on that. Price Action definitely Follow the On-chain Growth. 

🚀 Example 
Sei network did a huge 6x in Nov 2023 - January 2024 period. People claiming Sei was a dead chain, nothing was building on sei. But the truth was opposite actually sei had handsome numbers of daily Active users more than some big L1s back than. And the weekly transaction also in peak. And we saw the results , $SEI Did 1$ from 0.16$. 

©𝑻𝒉𝒊𝒔 𝒂𝒓𝒕𝒊𝒄𝒍𝒆 𝒊𝒔 𝒇𝒐𝒓 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒐𝒏𝒍𝒚 𝒂𝒏𝒅 𝒏𝒐𝒕 𝒂𝒏 𝒆𝒏𝒅𝒐𝒓𝒔𝒆𝒎𝒆𝒏𝒕 𝒐𝒇 𝒂𝒏𝒚 𝒑𝒓𝒐𝒋𝒆𝒄𝒕 𝒐𝒓 𝒆𝒏𝒕𝒊𝒕𝒚. 𝑻𝒉𝒆 𝒏𝒂𝒎𝒆𝒔 𝒎𝒆𝒏𝒕𝒊𝒐𝒏𝒆𝒅 𝒂𝒓𝒆 𝒏𝒐𝒕 𝒓𝒆𝒍𝒂𝒕𝒆𝒅 𝒕𝒐 𝒖𝒔. 𝑾𝒆 𝒂𝒓𝒆 𝒏𝒐𝒕 𝒍𝒊𝒂𝒃𝒍𝒆 𝒇𝒐𝒓 𝒂𝒏𝒚 𝒍𝒐𝒔𝒔𝒆𝒔 𝒇𝒓𝒐𝒎 𝒊𝒏𝒗𝒆𝒔𝒕𝒊𝒏𝒈 𝒃𝒂𝒔𝒆𝒅 𝒐𝒏 𝒕𝒉𝒊𝒔 𝒂𝒓𝒕𝒊𝒄𝒍𝒆. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒏𝒐𝒕 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒂𝒅𝒗𝒊𝒄𝒆. 𝑻𝒉𝒊𝒔 𝒅𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓 𝒑𝒓𝒐𝒕𝒆𝒄𝒕𝒔 𝒃𝒐𝒕𝒉 𝒚𝒐𝒖 𝒂𝒏𝒅 𝒖𝒔.

⚡ 𝗠𝗼𝗿𝗲 𝗔𝗹𝗽𝗵𝗮, 𝗝𝗼𝗶𝗻 𝗨𝘀, 𝗙𝗼𝗹𝗹𝗼𝘄  𝗨𝘀, 𝗦𝗵𝗮𝗿𝗲 𝗨𝘀 ⚡ @Techandtips123

Intent-based protocols are systems that use a decentralized approach to fulfill user requests. They often start with an "intent-discovery" system where users can publicly express their desired intent. Then, a network of solvers compete to fill the request at the best price. This system is meant to ensure that no central third party is responsible for satisfying all user needs. 
TLDR; 
▪️Intent-based protocols are a new way to interact with blockchains. Instead of telling the blockchain exactly what to do, you simply tell it what you want to achieve. 
▪️The protocol then figures out the best way to do that. This is much simpler for users, and it can also be more efficient. 
▪️For example, an intent-based protocol could be used to swap tokens between different blockchains or to buy NFTs in a game.
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📀 What Are intent Based Protocol?
Regular Transactions: You tell the blockchain exactly what to do, step-by-step (like sending 1 ETH to address X).
Intent-Based Transactions: You tell the blockchain what you want to achieve (like "I want 1 ETH sent to address X at the best price").

🔼  How These Protocol Works? 

1.  Imagine a user participating in a DeFi protocol. They express their intent by stating their desired outcome, such as "swap tokens" or "provide liquidity."
   - Unlike traditional step-by-step instructions, the user simply declares their goal without specifying implementation details.
2. The DeFi protocol abstracts this intent into a high-level representation. It understands the user's goal without requiring explicit instructions.
  - For instance, if the user intends to swap tokens, the protocol identifies the relevant smart contracts and liquidity pools involved.

3. Based on the intent, the DeFi protocol automatically executes the necessary steps. It interacts with smart contracts, validators, and other components.
   - When the user initiates a token swap, the protocol handles the transaction, ensuring proper execution.
4.  Intent-based systems continuously validate correctness. If any discrepancies occur (e.g., insufficient funds or failed execution), they self-correct or notify the user.

Feedback loops play a crucial role in blockchain systems. They involve an input, an output, and feedback that influences the next input. These loops can be positive (reinforcing the initial input) or negative (counteracting it).

💡 Benefits of Intent Based Protocol 
Simpler for Users: No need to know complex blockchain stuff, just state your goal.
More Flexible: The system can find the best way to achieve your intent within set parameters.
Potential for Efficiency: Allows for features like finding the best exchange rate for a trade.

⚡ Example Of Intent Based Action 
Cross-chain Swaps: Want to swap tokens between different blockchains? An intent-based protocol can find the best route without needing complex bridges.
In-game purchases:  Simply express your desire to buy an NFT in a game, and the system handles the behind-the-scenes steps.

For example, consider a user interacting with a gaming DApp on the Polygon network. Intent-based architectures simplify this process by allowing users to declare their gaming objectives directly on the platform. The blockchain autonomously manages the intricate steps needed for execution, whether it’s purchasing in-game assets or staking rare NFTs. 

🏵️ Projects Recommendation 
▪️Across
▪️▪️DLN
▪️▪️▪️Nitro By Route Protocol 
▪️▪️▪️▪️Synapse 

💡 intent.markets  is an analytics and research website for intent based protocols. 
🔼 Data Credit - intent.market, Blockworks, Gemini, Shoal Research, Coindesk 

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©𝑻𝒉𝒊𝒔 𝒂𝒓𝒕𝒊𝒄𝒍𝒆 𝒊𝒔 𝒇𝒐𝒓 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒐𝒏𝒍𝒚 𝒂𝒏𝒅 𝒏𝒐𝒕 𝒂𝒏 𝒆𝒏𝒅𝒐𝒓𝒔𝒆𝒎𝒆𝒏𝒕 𝒐𝒇 𝒂𝒏𝒚 𝒑𝒓𝒐𝒋𝒆𝒄𝒕 𝒐𝒓 𝒆𝒏𝒕𝒊𝒕𝒚. 𝑻𝒉𝒆 𝒏𝒂𝒎𝒆𝒔 𝒎𝒆𝒏𝒕𝒊𝒐𝒏𝒆𝒅 𝒂𝒓𝒆 𝒏𝒐𝒕 𝒓𝒆𝒍𝒂𝒕𝒆𝒅 𝒕𝒐 𝒖𝒔. 𝑾𝒆 𝒂𝒓𝒆 𝒏𝒐𝒕 𝒍𝒊𝒂𝒃𝒍𝒆 𝒇𝒐𝒓 𝒂𝒏𝒚 𝒍𝒐𝒔𝒔𝒆𝒔 𝒇𝒓𝒐𝒎 𝒊𝒏𝒗𝒆𝒔𝒕𝒊𝒏𝒈 𝒃𝒂𝒔𝒆𝒅 𝒐𝒏 𝒕𝒉𝒊𝒔 𝒂𝒓𝒕𝒊𝒄𝒍𝒆. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒏𝒐𝒕 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒂𝒅𝒗𝒊𝒄𝒆. 𝑻𝒉𝒊𝒔 𝒅𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓 𝒑𝒓𝒐𝒕𝒆𝒄𝒕𝒔 𝒃𝒐𝒕𝒉 𝒚𝒐𝒖 𝒂𝒏𝒅 𝒖𝒔.
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#research #intent #blockchain