Explaining Binance Megadrop: How to participate in the first BounceBit

Author: Riyue Xiaochu Source: mirror

Binance launches a new token issuance platform Megadrop, the first phase is BounceBit.

Compared with launchpool, the main differences are 1) locking bnb has a multiple bonus of income 2) completing tasks has a bonus of income.

I think there are two core purposes:

1) More benefits for long-term BNB holders, please note that it is "long-term" here

2) Empowering Megadrop project

1 Lock BNB

In Megadrop, locking BNB can double the points, and the maximum lock-up of 120 days can get 10 times the points. This is more friendly to long-term BNB holders. In the launchpool model, many people buy at the beginning and sell at the end, and hedge in the middle. There are also many people who borrow BNB from lending platforms to participate. Although there are some costs, the income is just a little less, and they are not BNB holders.

Therefore, the locked BNB of Megadrop is very clear. To exclude speculators, the real long-term holders of BNB can get more benefits.

For the locked BNB, Binance also provides an annualized income as a pig's foot meal. And if there is a lauchpool project, it will automatically help users participate.

2 Empowering the Project Party of Megadrop

The second part of the points bonus of Megadrop requires the completion of the assigned web3 tasks. This web3 task is mainly related to the project party. The specific task depends on the first bouncebit. However, I think this task should be more related to the characteristics of each project party, and each project should be different.

Many people may not realize the empowerment of the project party. In the previous launchpool, users only invested in BNB or fdusd and it was over. For the project, they only knew a general idea.

According to the data of the recent lauchpool, the number of people in the two pools is more than 200,000. Excluding overlap, the number of independent users is about 300,000. Megadrop requires everyone to participate in the web3 task, which means that at least 300,000 new users will be sent to the project party in each period. You know, this is a very scary number in the blockchain.

Don't look at many project parties bragging about their millions of addresses. If you remove the hair and the water of the project party, there are not many real users. However, Megadrop's 300,000 are real, because they need to stake BNB, need to have Binance KY, and multiple accounts will not increase the income. Therefore, if the project party is more powerful and can get 10% retention, then this number of users is quite good.

Therefore, the previous launchpool projects only increased exposure, while Megadrop brought real users to the projects.

3 Prepare for the first Bouncebit

The first project of Megadrop is BounceBit, and the specific web3 tasks have not been released. But considering that there will be hundreds of thousands of people operating together at that time, prepare what can be prepared first.

1) How to find Megadrop

• On the homepage of Binance App, log in to your Binance account and click [More]-[Megadrop]

• You can see the list of Web3 projects and click to enter.

• Under the [Task] tab, you can complete different tasks to earn points and get rewards.

2) Create a Binance Web3 wallet

Web wallet on Binance homepage - click [More] - [Web3 wallet]

a) The account you bind your wallet to has passed KYC

b) Back up your wallet

c) Do not use an imported wallet How to create a Binance Web3 wallet

3) Prepare a little BNB and BTCB

BNB is used as gas fee, so only a little is needed. BTCB is used for activities. If you are not sure about the amount, you can wait for the project to announce it before buying.

How to transfer from Binance to web3 wallet, see the picture below

Official information of BounceBit, which may be used when needed

Official website: https://bouncebit.io/

Chinese Twitter: https://twitter.com/bouncebit_zh

Discord: https://discord.com/invite/bouncebit