Binance is excited to announce the first project on Binance Megadrop - BounceBit (BB), a BTC restaking chain. Users can start participating in the BounceBit Megadrop from 2024-04-26 00:00:00 (UTC). The BounceBit Megadrop page is estimated to be available on the Binance App in five hours.

Binance will then list BounceBit (BB) at 2024-05-13 10:00 (UTC) and open trading with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY trading pairs. The Seed Tag will be applied to BB. Read about BounceBit (BB) in our research report.

BounceBit Megadrop Period:

2024-04-26 00:00:00 (UTC) to 2024-05-12 23:59:59 (UTC)

BNB Locked Products Snapshot Period:

To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2024-04-26 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ.

Web3 Quest Period:

Users may complete Web3 Quest(s) during the Quest Period.

Web3 Quest 1: “Stake 0.0001 BTCB to BounceBit” (Tutorial)

2024-05-13 06:00:00 (UTC)

Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Wallet.

BounceBit Megadrop Details

Token Name: BounceBit (BB)

Max Token Supply: 2,100,000,000 BB

Megadrop Token Rewards: 168,000,000 BB (8% of max token supply)

Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply)

Smart Contract Details: BounceBit

User Eligibility: KYC required in eligible jurisdictions

Hard Cap per User: 1,344,000 BB

Rewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus

Locked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount x 130) + (Average 90-day BNB Locked Amount x 120) + (Average 60-day BNB Locked Amount x 110) + (Average 30-day BNB Locked Amount x 100)

Web3 Quest Multiplier: 1.5

Web3 Quest Bonus: 1,000

How to Get Started With Binance Megadrop*:

Log into your Binance account.

Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Create your first Web3 Wallet now if you have not yet done so.

After completing all the designated Web3 Quest(s), click on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.

Receive Megadrop rewards based on your Total Score.

* Notes:

External wallets imported to Binance Web3 Wallet will not count. Only backed-up wallets that are created in Binance Web3 Wallet may participate in Megadrop events.

About BNB Locked Products

For the calculations of Locked BNB Score, the "30 Days" multiplier will apply to all BNB Locked Products subscriptions with a duration of less than 30 days (e.g., 15 days).

Users will receive different scores for each active subscription based on the subscription period. The longer the duration, the higher the Locked BNB Score. Refer to the BNB Locked Products page for the latest APRs and maximum subscription limits.

Users may receive both Megadrop and Launchpool rewards at the same time (where applicable). There is no need to redeem BNB Locked Products positions to participate in Launchpools.

BNB Vault assets will not count toward the Megadrop score calculation.