Cryptocurrency enthusiasts can now participate in the BounceBit (BB) Megadrop, an event hosted by Binance, one of the leading cryptocurrency exchanges. This unique opportunity allows users to participate in the Megadrop by subscribing to BNB locked products or completing Web3 quests.
Participants can participate in the BounceBit Megadrop from 00:00:00 UTC on April 26, 2024 until 23:59:59 UTC on May 12, 2024. By locking BNB in a BNB locked product, users increase their chances of winning attractive rewards. Regular snapshots of subscription amounts are taken, and locked BNB scores are calculated based on these snapshots.
To further spice things up, participants can also earn additional rewards by completing engaging Web3 quests. The first Web3 quest titled “Staking 0.0001 BTCB on BounceBit” (tutorial) will be available on May 13, 2024 at 06:00:00 UTC.
Binance plans to list the BounceBit (BB) token on May 13, 2024 at 10:00:00 UTC. Traders have access to a variety of trading pairs, including BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY. It is important to note that the token has a seed tag.
BounceBit Megadrop boasts a total token reward of 168,000,000 BB, equivalent to 8% of the maximum token supply of 2,100,000,000 BB. The initial circulating supply upon listing is 409,500,000 BB, accounting for 19.5% of the maximum token supply.
Reward calculation is based on the user’s total score, which is determined by multiplying the locked BNB score by the Web3 Quest multiplier and adding the Web3 Quest bonus. Locked BNB score is influenced by the average amount of BNB locked over a period of time varying from 30 to 120 days. The Web3 Quest Multiplier is set to 1.5 and the Web3 Quest bonus is 1,000.
To participate in the BounceBit Megadrop, individuals must log into their Binance account and subscribe to a BNB locked product or complete a designated Web3 quest through the Megadrop feature of the Binance app. To successfully complete the quest, you must have an active Binance Web3 wallet.
Once the quest period ends, participants can check their Megadrop rewards in their Binance spot wallet. It is important to note that external wallets imported into the Binance Web3 wallet are not included in Megadrop. Only wallets created within the Binance Web3 wallet can participate.
For more information about BNB locked products, including APR and subscription limits, interested individuals can visit the Binance website. Additionally, BounceBit (BB) project links such as website and whitepaper provide additional insight into the project.
Participants should be aware that signing up for the BounceBit (BB) Megadrop may require them to complete identity verification in eligible jurisdictions and that some features of the Megadrop may be geo-restricted.
Don’t miss the thrilling opportunity to participate in Binance’s BounceBit (BB) Megadrop. By subscribing to BNB locked products or completing Web3 quests, participants can receive attractive rewards and participate in this innovative cryptocurrency event.
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