*kindly note that this article is written in Arabic language، therefore the unrecognized or unfamiliar usage of English language، this is due to the Auto translation feature from the platform.
The first megadrop coin is BonusBit
Today is the first day, April 26, 2024, for the first coin to appear on the MegaDrop platform. As we explained before, MegaDrop is a new platform from#Binancefor digital currency distributions. You can read my previous article about it.
Today, the first coin has been issued, which will be released for trading on Binance on May 13, 2024.
✨ All that is required of you is to make a (deposit) with your currencies from $BNB on the Binance platform and/or carry out the task of linking the equivalent of 0.0001 BTCB on the BounceBit platform✨
Ok, what is this Bonus Bet platform and what is its purpose??🤔🤔
Bonus Bet is a platform for re-linking Bitcoin deposits....Do you see me sitting at the end and asking? Uncle, what nonsense are you saying??? 😅😅
I will explain to you, sir, and explain the matter to you.... May the Prophet’s blessings be upon us.. (Say, peace and blessings be upon him, O, don’t be lazy)😒
Look, sir, as we said, crypto terms have no alternatives in Arabic and are well understood, so we will try to link the new concepts to words we are accustomed to.
If we say that the word staking means to place a deposit...then #Restaking means to re-link a deposit...😏😏
The deposit...in parentheses...is that you allocate a certain amount of digital currency and link it to the platform 💰💰💵💸, so that it comes under (protection) the platform for a specific period agreed upon between you. This is done in exchange for a promise from the platform that it will be distributed. You will be charged interest after the expiry of this period.
These currencies are included under (platform protection) as a guarantee of liquidity, a guarantee of users’ stability on the network, and many other things that the platform will benefit from.👍🏽👍🏽💲
The problem is that when you do this, you cannot benefit from your possession of this currency by taking out loans on it from other platforms😓, because if you redeem the deposit, the benefits will be gone😳.... That is why a new trend has been created in digital currencies and its name is Restaking, which means reconnecting. The deposit...👛
How is this deposit reconnected?
A second platform comes, takes from you the currency you want to deposit 💲💲, and gives you in exchange for a new currency issued by it (let us consider it a certificate of ownership of the deposit)... This instrument can now be used on other platforms as a banknote or a guarantee that you have an asset tied to this platform. Accordingly, you can buy on account, or you can take a loan on it, and so on...🤑🤑
(We want the uncle Dahab emoji 🤔)
This concept of Restaking is useful for many things.....
How are you, Abu Al-Arif???😒🤔
I will tell you, star 😉
This method makes some assets difficult to move and slow to move, such as#BTCand#ETH💸💸, more accepted, and more uses. This means that instead of transferring Ethereum from one wallet to another every time, and paying the same fees every time, you can use the check as an alternative, and the check can be on a network that is faster and cheaper in fees....😉👍🏽
Bitcoin has cooled, since it is heavy in trading and transactions take time, you can use the instrument and leave the original on the platform. And so on.....🤗😊
But let me tell you something important,
Despite the importance of the concept of relinking this deposit, it will cause many problems... Will I tell you about it in another post? But you ask...Why don't you ask??🤔😒
To sum it up, catch yourself now and connect some#BNBon the Binance platform to get some BounceBit to tweet with them until the urine market comes.
With my regards, now....... Peace
