What is Binance Megadrop and How to Participate?

Binance, one of the world's largest cryptocurrency platforms, is accelerating its work in the web3 field. Newly launched products specifically use BNB, the main currency of the Stock Exchange and the Binance Chain ecosystem. While this increases the interest in BNB, staking also reduces the circulating supply. A new feature offered by the Binance exchange for its investors is megadrop, which offers early access to projects that will be launched.

What is Megadrop?

Airdrops provide early access to new or existing projects by completing certain tasks. Binance Megadrop provides free purchases of project tokens with the points collected as a result of completing certain tasks for the projects to be launched. Binance megadrop was created by seamlessly integrating Binance simple earn and web3 wallet. It works with a system similar to Launchpool on the platform, but it has many different aspects. With Megadrop, investors gain early access to web3 projects that comply with predetermined rules. The web3 tasks included in Megadrop also increase the use of the Binance web3 wallet.

How to Participate in Megadrop?
After logging in to the Binance website or application, you can access the application page from the applications area or by typing megadrop in the search bar at the top. After logging in to the application page, you will see a list of projects active on the megadrop page. Here you can start performing tasks by choosing any of the ongoing projects. On the page that opens, you can see the purpose of the project, usage area, total supply, event duration, distribution and listing details after participation, and the points you have obtained from the tasks are also written here.

Earning Megadrop Points

Megadrop also offers early access to new projects on the platform, such as Launchpool and Launchpad. However, unlike other projects, Megadrop offers the opportunity to earn points and receive a share from the distribution based on these points, instead of giving tokens based on the amount locked from the pool. Within the Megadrop program, there is the opportunity to earn points with different tasks.

Earning points with BNB Locked products:
After logging in to the Megadrop page, the first thing you will see is the option to subscribe. Here you will see 30-60-90 and 120-day BNB staking options. You need to choose the appropriate one from these options and stake BNB. The points to be earned vary depending on the stake size and amount. If there is BNB staking participation, launchpool rewards will continue to be received.

Earning Points with Web3 Tasks
Megadrop primarily aims to increase the use of the Binance Web3 wallet and support users. In this area, users can participate in the event by choosing a task suitable for them, within the scope of tasks that will be different for each megadrop project. Depending on the tasks to be completed successfully, participants will be able to earn money based on the points they earned at the end of the event.

What is the Difference Between Laucnhpool and Megadrop?