The largest cryptocurrency exchange globally, Binance, recently announced the introduction of a new token launch platform, which was titled as “Megadrop”. According to its official announcement released on April 18, the new feature aims to provide rewards to qualified users of the platform, as well as to increase their involvement in the crypto ecosystem.
“Binance is launching Binance Megadrop, a new token launch platform with airdrops and Web3 missions, where users can subscribe to BNB in locked products and/or complete tasks in their Web3 wallet for early access to rewards from selected Web3 projects before for your tokens to be listed on the Binance Exchange.”
According to the platform's announcement, the first project to be presented on Binance Megadrop will be BounceBit (BB), a BTC reset chain. The BounceBit (BB) token will have a maximum supply of 2.100.000.000 BB. Token Megadrop rewards will be 168.000.000 BB (8% of maximum token supply). According to Binance, the Initial Circulating Supply will be 409.500.000 BB (19,5% of the maximum token supply).
Introducing Megadrop, #Binance's first-of-its-kind token launch platform blending the best of Launchpool, Web3, and Airdrop elements.
Unlock exclusive early access to upcoming tokens and seize one-of-a-kind airdrop opportunities!
Learn more 👇
- Binance (@binance) April 18, 2024
What is Binance Megadrop?
Binance Megadrop is a new token launch platform that integrates Binance Simple Earn and Binance Web3 Wallet, reinventing users' airdrop experience. Megadrop grants users early access to selected Web3 projects before they are listed on Binance.
Compliant highlighted exchange, the combination of engagement, education and rewards positions Megadrop as an unparalleled interactive experience both on Binance and the broader crypto ecosystem.
Binance exchange also explained that the Megadrop reward per qualified user will be based on the user's total score in proportion to the total score of all qualified users.
