IMPORTANT: Binance will be the first platform to list the token mentioned herein. Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds.
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce the first project on Binance Megadrop - BounceBit (BB), a BTC restaking chain. Users can start participating in the BounceBit Megadrop from 2024-04-26 00:00:00 (UTC). The BounceBit Megadrop page is estimated to be available on the Binance App in five hours.
Binance will then list BounceBit (BB) at 2024-05-13 10:00 (UTC) and open trading with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY trading pairs. The Seed Tag will be applied to BB. Read about BounceBit (BB) in our research report.
BounceBit Megadrop Period:
2024-04-26 00:00:00 (UTC) to 2024-05-12 23:59:59 (UTC)
BNB Locked Products Snapshot Period:
To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2024-04-26 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ.
Web3 Quest Period:
Users may complete Web3 Quest(s) during the Quest Period.
Web3 Quest 1: “Stake 0.0001 BTCB to BounceBit” (Tutorial)
2024-05-13 06:00:00 (UTC)
Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Wallet.
BounceBit Megadrop Details
Token Name: BounceBit (BB)
Max Token Supply: 2,100,000,000 BB
Megadrop Token Rewards: 168,000,000 BB (8% of max token supply)
Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply)
User Eligibility: KYC required in eligible jurisdictions
Hard Cap per User: 1,344,000 BB
Rewards Calculation: 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: 1.5
Web3 Quest Bonus: 1,000
How to Get Started With Binance Megadrop*:
Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Create your first Web3 Wallet now if you have not yet done so.
After completing all the designated Web3 Quest(s), click on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.
Receive Megadrop rewards based on your Total Score.
* Notes:
External wallets imported to Binance Web3 Wallet will not count. Only backed-up wallets that are created in Binance Web3 Wallet may participate in Megadrop events.
About BNB Locked Products
For the calculations of Locked BNB Score, the "30 Days" multiplier will apply to all BNB Locked Products subscriptions with a duration of less than 30 days (e.g., 15 days).
Users will receive different scores for each active subscription based on the subscription period. The longer the duration, the higher the Locked BNB Score. Refer to the BNB Locked Products page for the latest APRs and maximum subscription limits.
Users may receive both Megadrop and Launchpool rewards at the same time (where applicable). There is no need to redeem BNB Locked Products positions to participate in Launchpools.
BNB Vault assets will not count toward the Megadrop score calculation.
BounceBit (BB) Project Links:
Further Information:
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Frequently Asked Questions on Megadrop and BNB Locked Products
Terms & Conditions:
Only users who complete identity verification in eligible jurisdictions may participate in the BounceBit (BB) Megadrop.
During the BNB Locked Products Snapshot Period, snapshots of users’ BNB Locked Products subscription amounts will be taken multiple times at any point of time each hour to get users’ hourly average subscriptions and calculate users’ Locked BNB Score. Locked BNB Score will be updated on a daily basis.
Each sub-account will not be viewed as an independent account when participating in this Megadrop. Sub-accounts’ subscription amount will be combined with the master account’s standard subscription amount.
Please note that some features of Megadrop may not be available in every country due to regional restrictions. This includes, but is not limited to, Web3 Wallet access or participation in Simple Earn. Therefore it is possible that only some features of the Megadrop platform may be available in users’ regions, and users may have partial access to the Megadrop platform.
Currently, users residing in the following countries or regions will not be able to participate in Megadrops by subscribing to BNB Locked Products or completing Web3 Quests:
For Simple Earn BNB Locked Products participants: Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, Lithuania, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
For Web3 Quests participants: Australia, Brazil, Canada, Cuba, Crimea Region, Cyprus, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-04-25
Note: This announcement was updated on 2024-04-26, and on 2024-04-25 to add further clarifications on the calculations of Locked BNB Score.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Binance reserves the right to choose markets and jurisdictions to conduct Megadrop and may restrict or refuse the participation of Megadrop in certain regions at our sole discretion. Binance does not guarantee that you will receive any specific reward, or any return over time. Your eligibility to receive tokens or participate in the Megadrop is subject to our sole discretion. Not financial advice. For more information, see our Terms of Use and Risk Warning. You may be subject to the terms of Simple Earn and Binance Web3 Wallet.