Binance launches platform for airdrops and Web3 quests

Binance has launched a new platform called Megadrop, aimed at simplifying the process of launching airdrops and Web3 quests.

Binance launches platform for airdrops and Web3 quests

The platform will provide users with coins and other rewards during the early phases of projects. Megadrop combines the functionalities of Binance’s Web3 Wallet and Simple Earn products, granting users access to select projects even before they are listed on the exchange.

Binance’s representatives have highlighted a diverse array of promotions and offers for users. Apart from participating in airdrops, users can complete quests within the Binance crypto wallet and earn rewards.

To start working with the platform, users are required to lock BNB and begin to complete quests using the Binance Web3 wallet. Rewards are calculated based on the user’s total score, which factors in the quantity of locked BNB, the duration of the lock, and the number of quests completed. If you haven’t signed up for a Binance account yet, you can use our link to receive extra benefits from VipDeposits, along with support assistance.

BounceBit (BB) will be the flagship token on the Megadrop platform. It is the world’s first BTC restaking chain exclusively designed for Bitcoin. It introduces a unique dual-token staking system. With a total token supply of 2.1 trillion coins, 168 million tokens will be accessible to users on the Megadrop platform.

Rohit Wad, Chief Technology Officer at Binance, said that the exchange’s team is always looking for new ideas that can bring even more benefit to Binance clients. Moreover, Megadrop is an important launch platform for Web3 projects, offering significant growth and exposure potential.

Earlier, Binance secured a virtual asset service provider (VASP) licence in Dubai, allowing the exchange to offer its services to retail traders.

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