What is Binance Megadrop?
In 2024, Binance, the world's largest cryptocurrency exchange, launched a new and innovative token issuance platform - Binance Megadrop.
Binance Megadrop links Binance's BNB fixed-term financial products with the Binance Web3 wallet, allowing users to obtain new coin rewards. The main operational model is broken down as follows:
Lock BNB in Binance to earn through subscribing to fixed-term products
Complete tasks in the Binance Web3 wallet
These two actions will respectively affect the weight of the points and use the final points obtained by the user as the distribution basis for the new token airdrop.
What is the difference between Binance Megadrop and Launchpool?
In the past, BNB holders could participate in Binance Launchpool mining for new coins simply by staking BNB or subscribing to BNB flexible or fixed-term financial products; now, by participating in simple Web3 wallet tasks, they can further participate in Binance Megadrop and receive a new token airdrop for free!
The main difference between Binance Launchpool and Binance Megadrop is that participation in Launchpool is more flexible; whether it's staking during the event or previously subscribing to flexible or fixed-term financial products, all count towards Launchpool shares. In contrast, Binance Megadrop can only be participated in through two methods: subscribing to fixed-term financial products or completing designated tasks in the Binance Web3 wallet.
How to participate in the Megadrop Launchpool and subscribe to BNB fixed-term financial products/completing WEB3 tasks. During the event, stake BNB and other designated tokens in Launchpool. Subscribe to BNB flexible/fixed-term financial products. Reward calculations include BNB subscription amounts, lock-up periods, and completion of Web3 tasks. Launchpool staking amounts. How to enhance rewards by completing Web3 tasks. Cannot enhance. Reward distribution to Binance spot wallet. Project types are limited to new tokens. New tokens and existing tokens.
How to participate in Binance Megadrop?
STEP1. Have a Binance account
To participate in the Binance Megadrop event, you first need to have a Binance account. If you don't have a Binance account, you can use the exchange portal below.
Binance Exchange portal spot, contract transaction fees 10% off
STEP2. Complete Binance KYC
After completing the Binance account, you also need to complete identity verification (KYC) to be eligible to participate in the Megadrop event.
STEP3. Activate Binance Web3 wallet
To participate in the Binance Megadrop Web3 task, you need to hold a Binance Web3 wallet. If you haven't activated the wallet feature yet, you can go to the Web3 wallet page in the Binance App to activate the feature, create a web3 wallet, and complete the backup.
Further reading: Binance Web3 wallet tutorial, obtain more airdrops through Binance Web3 wallet!
STEP4. Complete Web3 task
Completing the Web3 task for the current period on the event page will yield basic points as well as Web3 task bonuses.
STEP5. Subscribe to Binance BNB fixed-term financial products (can be skipped)
The number of fixed-term financial products subscribed will be counted towards points, the more you subscribe, the higher the points!
※ Explanation of participation eligibility for Binance Megadrop event
Register a Binance account
Complete KYC verification
Activate Binance Web3 wallet
Users belonging to jurisdictions supported by Binance
If all the qualifications are met, you can participate in the Binance Megadrop event and receive new coin $KERNEL rewards!
Binance Megadrop task tutorial, how to earn the most points?
In the Binance Megadrop event page, you will see
Event time, task overview.
Reward information (points earned, rewards)
Task completion status (locked BNB/Web3 tasks)
The mining rewards for Binance Megadrop are primarily based on a points mechanism, distributing new tokens ($KERNEL) based on users' points. There are two ways to earn points in Megadrop: completing web3 tasks and subscribing to Binance BNB fixed-term financial products.
Complete Web3 task
Each Binance Megadrop will focus on a Web3 task that participates in the ecosystem of that project, usually involving small amounts of staking, on-chain interactions, etc. For example, this time it is to stake BNB into KernelDAO.
Staking locked BNB
If you are a BNB holder, you may consider investing your BNB in subscribing to BNB fixed-term financial products, or you can purchase BNB to subscribe. If considering BNB's volatility risk, or if you are not willing to buy BNB, you can skip this item; simply completing the Web3 task will also earn you a certain amount of rewards.
$KERNEL Web3 task step breakdown
The Web3 task for this Binance Megadrop is 'Deposit BNB or asBNB into KERNEL staking', the steps are as follows:
STEP1. Recharge BNB or asBNB to the Binance Web3 wallet
Log into your Binance app and click 'Wallet' to jump to the Web3 wallet page.
Click 'Receive' and transfer funds from the exchange to your wallet.
Select the amount of BNB or asBNB to transfer to your wallet, choose BNB Smart Chain (BEP-20), and click withdraw.
※ At least 0.013 BNB or asBNB is required to complete the task (including an estimated 0.003 BNB gas fee).
STEP2. Deposit BNB or asBNB into the KERNEL protocol
On the Megadrop page, select Kernel and click to start the task, choosing to stake BNB or asBNB.
Taking BNB as an example, enter the amount of 0.01 on the staking page, click Deposit to stake, and then return to the verification page and click Verify to complete the Web3 task.
How to withdraw BNB or asBNB deposited in KERNEL?
Withdrawing BNB is very simple, select Withdraw on the Kernel staking page, input the amount to withdraw. Once you confirm completion of the Web3 task, you can withdraw without affecting Megadrop task verification.
Binance Megadrop points calculation method
User's final points = (Locked BNB points * Web3 task multiplier 150%) + Web3 task points (1100 points).
Locked BNB points are determined by the amount of locked BNB and the number of days subscribed (locked). It is understandable that the more BNB locked and the longer the duration, the higher the points obtained.
However, locking BNB is not mandatory; users can also simply obtain task points (1100 points) by completing Web3 tasks, but not locking BNB will make the Web3 task multiplier meaningless (since BNB points are 0).
In simple terms, the Binance Megadrop Web3 task is a must-do, with very low costs to secure a guaranteed score of 1100 points. If you are a BNB holder, you can consider subscribing to BNB fixed-term financial products, in addition to the points from the fixed-term financial product itself, you will also receive an additional 50% score for completing the Web3 task.
Binance Megadrop expected returns
Here we first analyze the profits from the previous Binance Megadrop ($SOLV):
Web3 task rewards: 126.86 pieces of $SOLV (500 points)
Locking 1 BNB for 120 days points: 49.475 pieces of $SOLV (about 195 points)
The maximum reward for a single user is 320,000 KERNEL
The locked BNB points will vary depending on the staking duration and the number of financial products subscribed to. Here, taking 1 BNB and subscribing to a 120-day fixed-term financial product as an example results in a total of 130*1.5=195 points.
Based on the opening high price of $SOLV on the sale day of 0.13, the yield from the Web3 task is 16.5u, while the yield from staking 1 BNB is 6.43u. If calculated at the highest price of $SOLV before the deadline of 0.197, the yield from the Web3 task could be as high as 25u. Binance Megadrop can be said to be a must-do event.
Analysis of historical returns of Binance Megadrop
Issue Date Token Name Web3 Task Profit Staking BNB Profit (each +50%) 2025/1/18 SOLV 16.50U 6.43U 2024/6/20 LISTA 29.57U 5.76U 2024/5/13 BB 35.6U 6.14U
The cost of completing the Binance Megadrop Web3 task this time is about 0.5u gas fee, and the staking cost is about 6u, and the staking can be refunded.
Thus, the points obtained from simply completing the Web3 task are roughly equal to staking 11 BNB in a flexible manner (1100/100). Even without subscribing to fixed-term products, substantial profits can still be earned, and the total airdrop amount will also increase by 1.5 times due to the Web3 task multiplier. The more you subscribe and the longer the term of BNB fixed-term financial products, the more shares you can get. The task multiplier relationship increases by 1.5 times, and the more you subscribe and the longer the term, the more shares you can obtain.
KERNEL Protocol project introduction | What is KERNEL coin?
What kind of project is KERNEL Protocol ($KERNEL)?
Kernel Protocol is an innovative restaking protocol, based on BNB Chain and expanding to Ethereum and more than 10 other blockchains.
Kernel allows users to restake already staked assets (such as BNB, BTC) to enhance the security of the blockchain network and earn additional rewards by participating in a distributed validator network. Currently, Kernel's total locked value has exceeded 167 million USD, showcasing its wide adoption and influence in the DeFi space.
Kernel's goal is to redeploy users' assets through the restaking mechanism to support multiple applications and services while maintaining asset liquidity and yield potential.
Kernel Protocol collaborates with multiple ecosystem partners, including HTX Ventures, DODOChain, Skate, and Xterio, to further expand its ecosystem's influence.
The core function of KERNEL Protocol (KERNEL) — Liquid Restaking Tokens (LRTs)
The core functions of Kernel Protocol revolve around restaking and liquid restaking design, providing users with higher yields and flexibility. Here are its main features:
1. Restaking mechanism:
Users can restake already staked assets to participate in the security of multiple blockchain networks. This mechanism allows assets to share security resources between different protocols, thus reducing the security costs of starting new protocols.
2. Liquid Restaking Tokens (LRTs):
Kernel Protocol provides liquid restaking tokens (LRTs), which represent users' restaked assets and can be used in DeFi activities. For example, LRTs can be reused in lending markets, yield markets, leverage markets, and perpetual contract platforms, thus maintaining the liquidity of the assets.
3. Automated rewards Farm:
Kernel provides an automated rewards mechanism with no minimum investment or lock-up period, allowing users to flexibly obtain returns and lowering the participation threshold to attract more users.
4. Enhanced security:
Kernel Protocol integrates over 15 distributed validator networks and provides slashing insurance for projects like rsETH, ensuring the security of assets during the restaking process. This measure reduces users' losses due to network security risks.
5. Kernel Points rewards:
Users can earn Kernel Points when restaking, which can be stacked with Karak XP to further amplify returns. Users can also magnify returns by providing liquidity to krETH, ksETH, and kUSD liquidity pools, increasing rewards up to 1.5 times.
$KERNEL token is what?
$KERNEL is the governance and utility token of KERNEL Protocol, serving multiple roles supporting the operation of the protocol and community participation.
$KERNEL's specific functions
Governance: Users holding $KERNEL can participate in governance votes of KERNEL DAO, influencing the direction and decisions of the protocol.
Utility: Tokens can be used to pay for service fees within the protocol, such as fees for participating in restaking or liquidity pools, and can be distributed as part of rewards to active users.
Economic model: KERNEL Protocol implements a buyback and burn program, regularly repurchasing $KERNEL from the market and burning it to manage token supply and potentially increase token value, contributing to the long-term stability of token prices.
Basic information on KERNEL token issuance
Token Name: KERNEL Protocol (KERNEL)
Maximum token supply: 1,000,000,000 KERNEL
Total supply of the genesis token: 1,000,000,000 KERNEL (100% of the maximum token supply)
Megadrop token rewards: 40,000,000 KERNEL (accounting for 4.00% of the total token supply)
Initial circulating supply when listing tokens on Binance: 162,317,496 KERNEL (accounting for 16.23% of the total token supply)
The total supply limit of $KERNEL is 1 billion tokens. The token distribution is strategically designed to ensure fair value sharing, with a large portion reserved for community participation and ecosystem development. The main distribution channels include:
Community rewards and airdrops (55%): A combination of seasonal airdrops and future rewards aimed at promoting ecosystem participation.
Ecosystem partnerships (5%): Support for market making and on-chain liquidity programs.
Private Sale (20%): Tokens reserved for strategic sales.
Team and advisors (20%): A 6-month lock-up period and a 24-month vesting period are required after TGE.
The impact of Binance Megadrop on the market
The huge advantage of Binance Megadrop: BNB fourfold
By subscribing to BNB fixed-term products to participate in Megadrop, you can receive the following four types of profits:
BNB fixed-term financial product interest
Binance Launchpool new coin mining
Binance Web3 wallet task rewards
Binance Megadrop new coin rewards
BNB supply and liquidity tightening
Since 2023, Binance has continuously held multiple Launchpools, resulting in BNB skyrocketing over 200% from the bottom, increasing the demand for BNB through the expectation of continuously launching new coins for Launchpool mining.
Now with the launch of Binance Megadrop, using the above method to take advantage of multiple opportunities, BNB originally staked in flexible or only invested in Launchpool staking can be pushed to fixed-term products, extending the time BNB is locked.
In conjunction with the original fuel demand on the BNB chain and the automatic burn mechanism, reducing the supply of BNB may further boost BNB prices due to tightening supply and liquidity.
Does Binance Megadrop have risks?
Because Binance Megadrop operates through subscribing to BNB fixed-term financial products, BNB will be locked and cannot be traded during the fixed-term financial period, which may carry the risk of price decline. Early redemption can be conducted for trading, but the early redemption time is about 2 to 3 days, and all interest earned will be forfeited.
If you are simply participating in the Binance Megadrop Web3 task, there is almost no risk, usually involving very low-cost interactions, transfers, or staking tasks.
Binance Megadrop frequently asked questions
Will multiple accounts in Binance Megadrop trigger platform risk control?
Binance prohibits malicious volume boosting through multiple accounts, and sub-accounts are not allowed to participate in Binance Megadrop independently. Subscription amounts will be combined with the main account for calculation. If any malicious volume boosting or violations of user regulations occur, it may trigger the platform's risk control, and in serious cases, it may affect subsequent participation rights or result in account bans.
Does Binance Megadrop require KYC?
Yes, Binance will conduct compliance checks when distributing rewards. Only users who complete identity verification and are in eligible jurisdictions can participate in Binance Megadrop.
Are there regional restrictions on Binance Megadrop?
Yes, user participation in Binance Megadrop will be restricted by their country or region. Compliance with local regulations is required to participate, and users from Taiwan can enjoy the full benefits of the Binance Megadrop event.
When will the Binance Megadrop token rewards be distributed?
Binance will list KERNEL tokens after 2025-04-14 20:00 (UTC+8). Users can check their KERNEL rewards in their Binance spot wallet, and the actual distribution time may vary slightly, subject to the platform's actual distribution time.
What is the cost of participating in Binance Megadrop?
To participate in this Binance Megadrop Web3 task, you need to prepare about 0.013 BNB to stake in KERNEL DAO. The actual cost is only the gas fee, which is about 7.5 USDT. After the event ends, you can apply for redemption on the staking platform.
Participation in subscribing to BNB fixed-term financial products is determined by each user's decision on subscription amounts; if USDT or BNB obtained through lending is used, attention should be paid to the interest deductions.
Conclusion
The new type of token issuance platform Binance Megadrop launched by Binance visibly aims to achieve two goals: 'increase BNB lock-up volume and promote the Binance Web3 wallet', while also bringing on-chain activity to projects supported by Binance.
Megadrop not only provides users with the opportunity to earn new coin airdrop rewards but also simplifies the complex on-chain staking process, allowing users to easily learn to stake on the Megadrop page.
According to the returns from previous Megadrops, they are low-cost opportunities for small rewards. Binance utilizes this channel to attract users to engage in on-chain operations, providing projects with actual user numbers and interaction records.
The Web3 task points for Megadrop are quite high, especially this period is equivalent to staking 11 pieces of $BNB in a flexible manner. The author highly recommends completing the Web3 task to earn the rich airdrop rewards offered by the project. Of course, these are secondary; to obtain more airdrop quotas and achieve the goal of multiple benefits, the main thing is to hold and lock your BNB.
This article is for introducing platform features only and does not constitute any investment or financial advice. Cryptocurrency trading carries high risks, and market fluctuations may lead to financial losses. Please carefully assess your risk tolerance and seek professional advice.