Binance Announces Web3 Quest Megadrop Airdrops

Binance has announced the launch of airdrops and a new Web3 quest platform called Megadrop.

Binance, the largest cryptocurrency exchange in the world, made the announcement on Thursday that it will be launching airdrops and Megadrop, a Web3 quest platform.

This will be the next major step in the cryptocurrency sector. As an additional point of interest, the first project on Binance Megadrop to profit from the inaugural activation of the airdrop platform is BounceBit (BB), which is a Bitcoin restaking chain.

Binance Launches Megadrop

The exchange made the statement that it had established a new token launch platform on April 18, according to an official announcement. The platform is called Binance Megadrop.

To provide its users with improved airdrop experiences, the platform incorporates both the Binance Simple Earn and the Binance Web3 Wallet. Megadrop gives customers early access to a selection of Web3 projects, even before the exchange lists them using BNB.

The cryptocurrency exchange believes that the platform contains elements of engagement, education, and reward, and that it serves to support the exchange as well as the wider cryptocurrency ecosystem.

Binance Megadrop has officially launched BounceBit (BB), the first project it supports. Users who participate in Megadrop will receive 8% of the total token supply, which is equivalent to 168,000,000 BB tokens.

We can issue a maximum of 2,100,000,000 BounceBit (BB) tokens. It is estimated that there were 409,500,000 BB in circulation at the beginning, which is 19.5% of the maximum token supply.

Following an extensive study conducted by the exchange, the tokens for the projects will be distributed by airdrop. By combining the characteristics of the CeFi and DeFi frameworks, BounceBit makes it possible for Bitcoin holders to generate income from a variety of locations.

An infrastructure for the re-hypothecation of Bitcoin has been constructed as part of this project. This infrastructure serves as a base layer for a variety of re-hypothecation products.

The exchange has continued to make great developments, despite the fact that concerns around the SEC lawsuit and the price of Bitcoin falling before the halving continue to be in the news.

The CEO of Binance, Richard Teng, has announced that the cryptocurrency exchange is actively exploring the establishment of a headquarters and is actively participating in successful negotiations across various countries.

The acquisition of a complete Virtual Asset Service Provider (VASP) license in Dubai represents a significant achievement for Binance Holdings, which has reached a key milestone.

Changpeng “CZ” Zhao, one of the co-founders of the company, made the strategic decision to give up his voting control in the local corporation, which later led to this move.