Binance has unveiled its new “MegaDrop” token launch platform, with Bitcoin (BTC)’s “re-staking” chain BounceBit (BB) as its first project.
In a new announcement, Binance Megadrop, the world’s largest cryptocurrency exchange platform, is a new platform that integrates both Binance Simple Earn and Binance’s Web3 wallet, allowing investors to access assets that are not yet listed on cryptocurrency exchanges. They said they would provide access.
Additionally, Binance says Megadrop will feature native assets from BounceBit and Web3 Quests, through which users can earn rewards.
“Binance launches Binance Megadrop, a new token launch platform featuring airdrops and Web3 Quest. Here, users can subscribe to BNB to sign up for locked products or complete tasks in their Web3 wallet to gain early access to rewards from selected Web3 projects before their tokens are listed. Binance Exchange.”
BounceBit is a project with a framework built around centralized and decentralized finance, allowing BTC holders to earn returns from a variety of sources.
“BounceBit’s approach is based on the idea that strengthening Bitcoin requires using assets primarily without altering the Bitcoin blockchain.
BounceBit effectively combines the best of centralized finance (CeFi) and decentralized finance (DeFi) by providing access to funds rate arbitrage and generating on-chain certificates for re-staking and mining.”
A project’s native assets can be staked and used as governance tokens, paying the protocol’s gas fees, serving as verification rewards, or serving as a medium of exchange or store of value.
According to Binance, the maximum supply of the token is 2.1 billion, of which only 8% (168 million) will be allocated for the megadrop.
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