BounceBit (BB) Megadrop Is Now Open: Subscribe to BNB Locked Products or Complete Web3 Quests to Participate!

2024-04-25 08:30

IMPORTANT: Binance will be the first platform to list the token mentioned herein. Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds.

Fellow Binancians,

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