Original author: Riyue Xiaochu
Binance launches a new token issuance platform Megadrop, with BounceBit as the first phase.
Compared with launchpool, the main differences are 1) there is a multiple bonus on the income from locking bnb and 2) there is a bonus on the income from completing tasks.
I think there are two core purposes:
1) More benefits for long-term BNB holders. Please note that the word “long-term” is used here.
2) Empowering Megadrop Project Parties
1 Lock BNB
In Megadrop, you can double your points by locking up BNB, and you can get 10 times the points by locking up up to 120 days. This is more friendly to long-term BNB holders. In the launchpool model, many people buy at the beginning and sell after 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, and speculators must be excluded, so that the real long-term holders of BNB can get more benefits.
For locked BNB, Binance also provides an annualized return as a bonus. And if there is a lauchpool project, it will automatically help users participate.
2 Project parties that empower Megadrop
The second part of the Megadrop points bonus requires completing the assigned web3 tasks. This web3 task is mainly related to the project party, and 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. In the previous launchpool, users only invested in BNB or fdusd and that was it. They only knew the general idea of the project.
According to the data of the latest lauchpool, the number of people in both pools is more than 200,000. Excluding the 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 be fooled by the fact that many project owners boast about their millions of addresses. If you remove the extra money and the water of the project owners themselves, there are not many real users. However, the 300,000 of Megadrop is real, because they need to stake BNB and need to have Binance KY, and multiple accounts will not increase the income. Therefore, if the project owners can do a better job and achieve 10% retention, then this number of users is quite good.
Therefore, the previous launchpool projects only increased exposure, while Megadrop brings real user numbers to the projects.
3 Preparing for the first Bouncebit
The first project of Megadrop is BounceBit, and the specific web3 tasks have not been released. However, considering that there will be hundreds of thousands of people operating together, we should prepare what can be prepared first.
1) How to find Megadrop
On the Binance App homepage, log in to your Binance account and click [More] - [Megadrop]
You can see a list of Web3 projects and click to enter.
Under the [Tasks] tab, you can complete different tasks to earn points and receive 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 imported wallets How to create a Binance Web3 wallet
3) Prepare some BNB and BTCB
BNB is used as gas fee, so only a little bit 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
BounceBit's official information, which may be useful when needed
Official website: https://bouncebit.io/
Chinese Twitter: https://twitter.com/bouncebit_zh
Discord: https://discord.com/invite/bouncebit
