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What is Binance's New Token Launch Megadrop Mechanism? Is it the driving force to keep the price of $BNB ?

What is Megadrop?

Binance Megadrop is a product that combines Simple Earn and Binance Web3 Wallet to create a token launch platform with BounceBit being the first project to launch on the platform.

Users will lock BNB tokens into Binance Simple Earn or complete Web3 Quests on Binance Web3 Wallet to receive points.

Each eligible user's Megadrop reward will be calculated based on the ratio of their points divided by the total points of all other users.

Not only does it bring additional income benefits to $BNB Holders, but it also educates and encourages users to improve their understanding of Web3 technology.

Instructions for participating in Megadrop:

Step 1: Log in to your Binance account and search for Megadrop in the Search Bar.

Step 2: Explore available projects, select one to view details, and participate in various tasks to earn points (BounceBit (BB) was the first project launched on the platform.)

Step 3: Start Accumulating points and rewards through:

- Lock BNB: Stake your $BNB with different registration periods will affect points (Lock with a long term can still withdraw normally, just interest will not be calculated, when unstake it will take 2 days.)

- Complete Web3 tasks: Participate in specific tasks using your Binance Web3 Wallet to earn extra points.

👉 Your Megadrop reward is calculated based on your total score compared to all participants. Rewards will be distributed to your Spot Wallet after the participation period ends.

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