Binance Megadrop: BounceBit (BB) Now Open for Participation! Subscribe to BNB Locked Products or Complete Web3 Quests

ATTENTION: Binance will be the primary platform to introduce the mentioned token. Any assertions of offering this token for sale prior to the specified timeline are considered misleading. We urge you to conduct your own research to ensure the safety of your funds.

This serves as a general announcement. The products and services mentioned herein may not be accessible in your particular region.
 

We’re thrilled to announce the inaugural project on Binance Megadrop: BounceBit (BB), a BTC restaking chain. Participation in the BounceBit Megadrop commences on 2024-04-26 00:00:00 (UTC). The BounceBit Megadrop page is expected to be live on the Binance App within five hours.

Subsequently, Binance will list BounceBit (BB) on 2024-05-13 10:00 (UTC) and initiate trading with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY trading pairs. BB will carry the Seed Tag. Detailed information about BounceBit (BB) can be found in our research report.

BounceBit Megadrop Period

• From 2024-04-26 00:00:00 (UTC) to 2024-05-12 23:59:59 (UTC)
  • BNB Locked Products Snapshot Period:
    • To optimize Locked BNB Scores, users can begin locking their BNB in BNB Locked Products before 2024-04-26 00:00:00 (UTC). Hourly snapshots of users’ subscription amounts will be captured during this period. For more details on BNB Locked Products, please refer to the FAQ.
  • Web3 Quest Period:
    • Users have the opportunity to complete Web3 Quest(s) during the designated period.
      • Web3 Quest 1: “Stake 0.0001 BTCB to BounceBit” (Tutorial)
• Starting from 2024-05-13 06:00:00 (UTC)
  • Distribution of Rewards: Users can check their Megadrop rewards in their Binance Spot Wallet.

BounceBit Megadrop Details

• Token Name: BounceBit (BB)
• Maximum Token Supply: 2,100,000,000 BB
• Megadrop Token Rewards: 168,000,000 BB (8% of maximum token supply)
• Initial Circulating Supply: 409,500,000 BB (19.5% of maximum token supply)
• Smart Contract Details: BounceBit
• User Eligibility: KYC is 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

Getting Started With Binance Megadrop*

• Log in to your Binance account.
• Subscribe to BNB Locked Products and/or complete all specified Web3 Quest(s) via Megadrop on the Binance App to accumulate scores. Ensure you have at least one active Binance Web3 Wallet to complete Web3 Quests. Create your first Web3 Wallet now if you haven’t already.
• After completing all specified Web3 Quest(s), click on the [Verify] button at the Megadrop project page before the Quest Period concludes to successfully claim the Web3 Quest Bonus and Web3 Quest Multiplier.
• Receive Megadrop rewards based on your Total Score.

• External wallets imported to Binance Web3 Wallet will not be counted. Only backed-up wallets created in Binance Web3 Wallet are eligible to participate in Megadrop events.
• About BNB Locked Products
  • For the computation 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 varying scores for each active subscription based on the subscription period. Longer durations yield higher Locked BNB Scores. Refer to the BNB Locked Products page for the latest APRs and maximum subscription limits.
  • Users may receive both Megadrop and Launchpool rewards simultaneously (where applicable). Redemption of BNB Locked Products positions is unnecessary to participate in Launchpools.
  • BNB Vault assets will not contribute to the Megadrop score calculation.

Terms Conditions

• Participation in the BounceBit (BB) Megadrop is limited to users who have completed identity verification in eligible jurisdictions.
• During the BNB Locked Products Snapshot Period, users’ BNB Locked Products subscription amounts will be snapshot multiple times each hour to calculate users’ hourly average subscriptions and Locked BNB Score. Locked BNB Score will be updated daily.
• Sub-accounts will not be considered separate accounts in this Megadrop. The subscription amount of sub-accounts will be combined with the master account’s standard subscription amount.
• Please be aware that some features of Megadrop may not be accessible in all countries due to regional restrictions. This includes but is not limited to, Web3 Wallet access or participation in Simple Earn. Therefore, it’s possible that only certain features of the Megadrop platform are available in your region, providing you with partial access to the Megadrop platform.
• Currently, users residing in the following countries or regions are ineligible to participate in Megadrops by subscribing to BNB Locked Products or completing Web3 Quests:
  • For Simple Earn BNB Locked Products participants: Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, Lithuania, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government-controlled areas of Ukraine.
  • For Web3 Quests participants: Australia, Brazil, Canada, Cuba, Crimea Region, Cyprus, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government-controlled areas of Ukraine.
  • Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
• Discrepancies may exist in the translated versions of this original article in English. Please refer to this original version for the latest or most accurate information in case of any discrepancies.