On April 18, Binance announced the provision of a new platform called Megadrop - a platform that provides users with early access to Web3 projects before the tokens are listed on the exchange. Or to put it simply, it is an integration between the two features Binance Simple Earn and Binance Web3 Wallet → Called Binance Megadrop
☘ So what is the difference between Megadrop and Binance Launchpool?
Token registration: Megadrop only uses BNB Locked Products for token registration. Binance Launchpool is more diverse as it allows users to register tokens using BNB Locked Products, BNB Vault or lock directly into Launchpool.
How to participate: Megadrop allows users to participate by registering BNB and/or completing Web3 tasks. Binance Launchpool only allows users to participate by registering BNB or a specified number of tokens.
☘ How to calculate Megadrop points on Binance
The user's total score is calculated based on BNB locked points, Web3 Quest coefficient, and rewards from Web3 Quest. Specifically, the formula for calculating the total score is as follows:
→ Total Points = (BNB Key Points x Web3 Quest Coefficient) + Rewards from Web3 Quest
☘ How to participate in Binance Megadrop
Sign up for a Binance account
→ Access the Binance app on your phone, select More → and search for Megadrop (I don't see it yet, the platform will Update soon).Sign up for BNB Locked Products or complete Web3 Tasks to accumulate points → To complete Web3 Tasks, make sure you have at least one active Binance Web3 Wallet.
Complete registration of BNB Locked Products on Simple Earn to accumulate points. Access Simple Earn → Select BNB → Select Duration (Number of Lock Days) → Subscribe
Complete various tasks in the Quest section to earn more points and receive rewards.
Get Megadrop rewards based on your Total Points.
→ Megadrop rewards will be airdropped to the user's Binance Spot Wallet.
Note: External wallets such as Metamask, Trustwallet, etc. imported into Binance Web3 Wallet will not be counted.
