Binance Unveils Megadrop Platform for Token Launches

Cryptocurrency exchange Binance has introduced Megadrop, a platform for launching tokens with airdrops and Web3 quests.

Introducing Megadrop, #Binance‘s first-of-its-kind token launch platform blending the best of Launchpool, Web3, and Airdrop elements.

Unlock exclusive early access to upcoming tokens and seize one-of-a-kind airdrop opportunities!

Learn more ?

— Binance (@binance) April 18, 2024

Through this platform, BNB holders subscribed to Simple Earn products can earn rewards from selected projects for completing tasks in a Web3 wallet before their actual listing on the exchange.

Megadrop rewards will be calculated based on the user’s total score, considering the duration of BNB lock-up, the amount of BNB, and the number of completed quests. Rewards will be credited to Binance spot wallets.

The platform is unavailable in certain jurisdictions, including Russia and temporarily occupied territories of Ukraine.

The first project on Binance Megadrop will be BounceBit — a Bitcoin restaking protocol.

Details can be found in the Binance blog.

Earlier, the BNB Chain ecosystem announced the launch of a hackathon with a prize pool of $470,000.