Binance web3 wallet task new Megadrop plan first token - Bouncebit

I. What is the difference?

The main difference between Launchpool and Megadrop is that one can get the quota by staking BNB, while the other needs to stake and complete WEB3 airdrop tasks

In addition to the expectation that Binance Megadrop users can increase their rewards by performing more Web3 tasks, their invested BNB can also participate in Launchpool to achieve better asset utilization efficiency.

Although Megadrop may be slightly limited in project selection compared to traditional Launchpool, limited to new projects, Megadrop provides users with early experience opportunities on the Binance platform before the project is listed.

II. What is it?

The BounceBit project itself is positioned to establish a public chain ecosystem with Bitcoin (BTC) re-staking as the core, aiming to maximize the value of BTC through an innovative double-bet system. Its feature is that users can not only stake BTC to earn interest, but also participate in the ecosystem through a pegged version called bounceBTC (BBTC). According to its official website, BounceBit's total locked value (TVL) has exceeded $1 billion.

III. Bouncebit financing institution?

In terms of funding, BounceBit successfully completed a $6 million seed round of financing, which was jointly led by Blockchain Capital and Breyer Capital, and participated by dao 5, CMS Holdings, Bankless Ventures and other institutions. The team of individual investors is also quite strong, including Calvin Liu, Chief Strategy Officer of EigenLayer. In addition, it has also received strategic investment from Binance Labs, although the specific amount has not been disclosed.

IV. Highlights of BounceBit

BTC re-staking: Provides a BTC staking model that allows users to earn interest through arbitrage strategies of asset management entities.

Dual-currency PoS: This hybrid consensus mechanism expands the base of ecosystem stakeholders and adds a layer of security to network security.

BounceClub: An on-chain space that allows users to create a DeFi experience without programming, which is easy to integrate from the App Store.

Liquid custody: This model allows users' collateral assets to remain liquid while providing more income opportunities.

V. Total supply of Bouncebit tokens

Regarding BB tokens, the total supply is fixed at 2.1 billion, and the circulating supply is expected to be 4.09.5 billion,

Forecast: The token price should be around 1U-1.5U