A few days ago, I published the article "The Binance Labs Investment Observer - The Bitcoin Restaking Infrastructure BounceBit". Today, Binance has announced that it will airdrop BounceBit Tokens to its users. This time not via a Launchpool or a Launchpad.
Binance introduces a new format for token launches on its exchange, the so-called Megadrop. It combines airdrops for $BNB holders with Web3 quests.
What Is BounceBit?
BounceBit is an innovative crypto project that is focused on developing new practical use cases for cryptocurrency technology. The project is working on the first-ever native Bitcoin Restaking infrastructure.
I already wrote about BounceBit in my latest issue of the Binance Labs Investment Observer. In case you have missed it then you can still read it here: "The Binance Labs Investment Observer - The Bitcoin Restaking Infrastructure BounceBit"
It is highly likely that projects invested in by Binance will eventually be listed on their platform, as evidenced by BounceBit. BounceBit is the first project that will be launched via Megadrop.
How Does The Megadrop Work?
Binance has already announced the steps to participate in the Megadrop in its latest announcement.
First of all, you need to have a Binance account. If you don't have an account on Binance yet, feel free to use my referral link with the invitation code E3PGAJCE to sign up. By using it, you can save on trading fees for every Binance trade, benefiting both parties.
The next thing that you need is some $BNB and/or the Binance Web3 wallet to accrue scores by completing Web3 quests.
By subscribing your $BNB to locked products on Binance Earn, you will be able to accrue scores. The higher the amount of locked $BNB and the longer the locking period, the higher the accrued score will be.
You can then complete the designated Web3 quests via the Binance Web3 wallet which can only accessed via the Binance app. Here you can get a Web3 Quest Multiplier and a Web3 Quest Bonus. Your total score will finally calculated with this formula:
Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
My Final Conclusion
Free Tokens are coming in different forms on Binance. As far as I understood, you can participate in the Megadrop just with your Binance account and the Binance Web3 wallet and there is no need for an investment if you just focus on getting the Web3 Quest Bonus.
If, for some reason, you haven't registered on Binance yet, feel free to use my referral link with the invitation code E3PGAJCE to sign up. By using it, you can save on trading fees for every Binance trade, benefiting both parties.
My opinion is personal and not professional investment advice. Always perform #DYOR before making any investment decisions.
Thank you for reading! If you enjoy this type of content, follow me on Publish0x for more and if you like, you can also follow me on X/Twitter and Medium. I will be publishing regular updates of the Binance Labs Investment Observer to keep you informed so that you have the chance to invest in promising crypto projects before they get listed on Binance!
You may also like: "The Binance Labs Investment Observer - The Bitcoin Restaking Infrastructure BounceBit"
