On April 18, Binance officially announced the launch of the token issuance platform Megadrop. Users can purchase BNB regular products and/or choose to complete the project's tasks in the Binance Web3 wallet, and interact directly with the project to obtain airdrop rewards. The first project to be launched on Megadrop is the BTC re-staking public chain BounceBit (BB).

The emergence of Megadrop not only makes Binance's new listings more diverse, but also brings more traffic, which is a win-win situation for Binance, BNB Holders and new projects. The advantage of Megadrop is that it seamlessly connects the Binance coin earning platform and the Web3 wallet, which can present users with a better airdrop experience. Not only can you kill two birds with one stone, but also for retail investors and even inexperienced chain rookies, there are very high-quality participation opportunities and experiences.

How to participate in the Megadrop platform

Currently, Megadrop has not been officially launched. According to the official website, Megadrop has two ways to participate, one is to lock BNB, and the other is to complete Web3 tasks, and these two ways also cover multiple types of users from large to small.

Megadrop+Launchpool, BNB large users kill two birds with one stone

Users can choose to purchase BNB regular products on the EarnCoin platform to accumulate points. Points will be accumulated based on the number of BNB subscriptions and the length of the subscription period for any BNB regular product. The longer the subscription period, the higher the score, which is another kind of feedback for BNB's staunch supporters. It should be noted that this score may fluctuate due to the average value based on daily snapshots.

In response to future Megadrop activities, as shown in the figure below, Binance has currently updated the BNB regular product interest rate and increased the maximum subscription limit for each user's BNB regular product.

Users holding BNB fixed-term products will automatically receive new coin mining rewards when participating in Megadrop, without having to manually redeem and put them into Launchpool, which means you can kill two birds with one stone without any action.

Retail investor friendly, hard work and wealth are not a dream

The second way to participate is that users can use the Binance Web3 wallet to complete all designated Web3 tasks on the Megadrop project page to accumulate points and obtain point multipliers. On the task interface, you can also see the project's participation period, reward distribution, and coin listing time.

It is worth mentioning that users who have participated in the regular BNB subscription will get points bonus and more rewards for completing tasks. But even for retail investors who don't have much BNB, just completing tasks can get points and get new coins.

If you complete all tasks, the basic task score will increase by a certain percentage, and you will also get additional bonus points. This method also brings a wider range of usage scenarios to the Binance Web3 wallet. It should be noted that the wallet address that participates in the import of the Binance Web3 wallet cannot participate. Only the backed-up wallet created in the Binance Web3 wallet can participate in the Megadrop.

When a new project's new issuance cycle ends, the system will multiply the user's locked BNB points by the Web3 task multiplier, plus the user's Web3 task points to calculate the user's final points. That is, the user's final points = (locked BNB points * Web3 task multiplier) + Web3 task points. Finally, the Megadrop reward will be obtained based on the final points. The Megadrop reward for a single qualified user depends on the proportion of the user's final points to the final total points of all qualified users.

What is the difference between Megadrop and Launchpool

After introducing how to participate in Megadrop, let's take a look at how it differs from Binance's Launchpool mechanism.

The previous article introduced that Megadrop requires locking BNB or completing tasks, but traditional new issuance can only choose to stake BNB or other designated tokens. In terms of reward calculation, Megadrop is calculated by the locked amount and duration of BNB plus the completion of Web3 tasks; Launchpool rewards are calculated only by the staked amount and the staked market.

Therefore, for users who participate in Megadrop, they can increase their rewards by completing more Web3 tasks, and those who participate in Megadrop's BNB regular products can still participate in Launchpool, which is much more cost-effective.

However, the traditional Launchpool has more project options, while Megadrop only has new projects to participate in, but before Megadrop's selected Web3 projects are listed on Binance, Megadrop users can get early experience opportunities.

The emergence of Megadrop also allows the concept of "new listings" to cover a wider range of people, which means that Binance Web3 wallets and BNB itself have been injected with new vitality and have longer-term scenario empowerment. Previously, for retail investors who could not buy more BNB, participating in Launchpool was a very high threshold, but now through the Web3 task mechanism, it has truly achieved retail investor friendliness, which is bound to make Binance's Web3 wallet usher in higher usage.

In addition, new projects launched on Megadrop have Binance listing guarantee. Through the Web3 task mechanism, more people can be encouraged to participate in the interaction of new projects. Megadrop has also made great contributions to the on-chain education of users.

欢迎加入律动 BlockBeats 官方社群：

Telegram 订阅群：https://t.me/theblockbeats

Telegram 交流群：https://t.me/BlockBeats_App

Twitter 官方账号：https://twitter.com/BlockBeatsAsia