Binance has launched a new token on its platform with airdrops and Web Quests.
Binance Megadrop is a new token launch platform with airdrops and Web Quests that seamlessly integrates Binance Simple Earn and the Binance Web3 Wallet. Users can subscribe to BNB locked products to complete tasks in their Web3 Wallet.
Megadrop grants users early access to select Web3 projects before they are listed on the platform. Binance will be the first crypto exchange to list the token.
The platform integrates Binance Launchpool’s methodology alongside emerging Web3 opportunities, which enable users to explore and participate in newly minted tokens from the optimistic Web3 projects. The Binance system promises to be secure and reliable.
Reward For Binance Megadrop Engagement
Megadrop promotes community involvement by providing dApp quests that allow users to learn about emerging Web3 technologies. The reward from Megadrop for each eligible user will be determined by their total score relative to the combined total scores of all qualifying users.
According to the announcement, Megadrop serves as more than just a benefit to users; it stands as a valuable launch platform for Web3 projects, offering opportunities for growth and exposure.
Interestingly, the first project launching on Binance Megadrop will be BounceBit (BB), a BTC restaking chain with a total tupply of 2,100,000,000 tokens, of which 168,000,000 tokens will be allocated token rewards.
How To Get Started With Binance Megadrop
Users can log in to their Binance accounts, subscribe to BNB-locked products, or complete Web3 Quests. The exchange noted that users should have at least one active Binance Web3 Wallet.
The amount of BNB subscribers determines users’ scores and the subscription duration. Longer subscriptions result in higher scores. The scores may vary as they are calculated based on daily snapshot averages.
Upon completing all designated Web3 Quests that meet the specified minimum requirements, users will be rewarded with a Web3 Quest Bonus and a Quest multiplier.
Lastly, the system will compute users’ total score by applying the Web3 Quest Multiplier to their total Locked BNB Score and adding the Web3 Quest Bonus. Should users fail to complete all designated Web3 Quests, the multiplier will default to 1.