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

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.

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow,

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.
• 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
• 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

How to Get Started With Binance Megadrop*:

Log into your Binance account.

Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Create your first Web3 Wallet now if you have not yet done so.

After completing all the designated Web3 Quest(s), click on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.

• Receive Megadrop rewards based on your Total Score.

* Notes:

External wallets imported to Binance Web3 Wallet will not count. Only backed-up wallets that are created in Binance Web3 Wallet may participate in Megadrop events.

About BNB Locked Products

• Users will receive different scores for each active subscription based on the subscription period. The longer the duration, the higher the Locked BNB Score. Refer to the BNB Locked Products page for the latest APRs and maximum subscription limits.
• Users may receive both Megadrop and Launchpool rewards at the same time (where applicable). There is no need to redeem BNB Locked Products positions to participate in Launchpools.
• BNB Vault assets will not count toward the Megadrop score calculation.

Disclaimer: The information provided is for general informational purposes only and should not be considered as financial advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions. We do not guarantee the accuracy, completeness, or reliability of any information provided, and we shall not be held liable for any losses or damages arising from the use of this information.