Introduction
Binance's first Megadrop project features BounceBit (BB), a BTC restaking public chain. This initiative combines Binance's products with Web3 wallet functionality, allowing users to stake BNB, complete tasks, and earn rewards.
👉 Start earning with Binance Megadrop today
Key Details
- Event Period: April 26, 2024 (08:00 UTC+8) to May 13, 2024 (07:59 UTC+8)
- Core Rewards: 168 million BB tokens distributed to participants
Prerequisites for Participation
Verified Accounts:
- A KYC-completed account on Binance (international exchange)
- Optional: ACE Exchange (Taiwan-based) for fiat onboarding
- BNB Holdings: Required for staking and Web3 tasks
- Web3 Wallet: Binance's integrated solution
Step-by-Step Participation Guide
1. Acquiring BNB via ACE Exchange (Optional)
Process:
- Deposit TWD into ACE Exchange
- Purchase BNB via BNB/TWD trading pair
- Withdraw BNB to Binance using BEP20 network
Pro Tip:
Always test small transfers first to confirm wallet addresses.
👉 Secure your BNB holdings now
2. Setting Up Binance Web3 Wallet
- Navigate to "Web3" section in Binance app
- Transfer BNB from Spot Wallet to Web3 Wallet (BEP20 network)
- Confirm transaction (0.0006 BNB fee)
Completing Megadrop Tasks
Task 1: Lock BNB
- Choose staking duration (longer periods = higher yields)
- Minimum 1 BNB required
- Staked BNB automatically participates in future Launchpools
Task 2: BTCB Staking on BounceBit
- Swap BNB for BTCB in Binance app
- Connect Web3 Wallet to BounceBit platform
- Stake minimum 0.0001 BTCB (BNB fees apply)
Scoring: Completing both tasks guarantees 1,000 points
Risk Disclosure
- Market Volatility: BNB/BTCB prices may fluctuate during staking period
- Exchange Risk: Potential platform insolvency (though unlikely with Binance)
- Gas Fees: All Web3 interactions require BNB for transaction fees
FAQ Section
Q: What's the minimum participation requirement?
A: You need at least 1 BNB for staking and 0.0001 BTCB for Web3 tasks.
Q: How are rewards distributed?
A: BB tokens are allocated proportionally based on accumulated points.
Q: Can I unstake early?
A: Locked BNB cannot be withdrawn before the chosen staking period ends.
Q: Is this available worldwide?
A: Yes, except in prohibited jurisdictions (check Binance restrictions).
Conclusion
Through this Megadrop, early participants earned ~81 BB tokens (worth ~$38 at launch). The program exemplifies Binance's innovative reward systems combining CeFi and DeFi elements.
Next Steps:
- Monitor your points dashboard daily
- Claim rewards after event conclusion
- Stay tuned for future Megadrop announcements