How to stake BNB to receive Megadrop new token airdrop?

Binance has launched megadrop, a new token issuance platform.

Binance integrates currency-earning wealth management products with the Web3 wallet to guide users to pledge and lock BNB to obtain airdrops of new tokens.

At the same time, users are guided to experience its web3 products and gameplay, and pay attention in advance to Web3 projects that have not been officially launched on the platform.

Megadrop is a staking benefit for BNB holders, and it is also a way to promote Binance’s web3 business. It is indeed an additional benefit for long-term BNB holders.

What are the benefits of participating in Megadrop?

Participating in Megadrop can obtain new token airdrops. The number of airdrops is determined by BNB staking points and points for completing web3 tasks.

Users earn money on Binance and subscribe for BNB fixed-term products. The fixed-term time is 30 days, 60 days, 90 days, and 120 days. The longer the lock-up time, the higher the pledge points obtained.

You can also complete new token tasks on the web3 task page to obtain points, and the accumulated points determine the airdrop amount.

To sum up, you can get triple benefits by staking BNB;

①BNB regular financial management APY income;

② Automatically participate in the new mining activities of BN launchpool in each issue;

③ Obtain megadrop new token airdrop.

For long-term BNB holders, staking for regular financial management is a way to eat three things with one fish, and get a variety of benefits from staking.

How to participate in the Megadrop event?

Currently, the first project launched by Megadrop is BounceBit (BB), a BTC re-pledge public chain.

Users can stake BNB regularly, or complete BounceBit’s web3 tasks to earn points, which correspond to future BB token airdrops.

Megadrop airdrop points are calculated as follows:

User’s final points = (Locked BNB points * Web3 task multiplier) + Web3 task points

Locked BNB points (based on hourly snapshots during BNB’s regular product snapshot period) = (120-day average BNB locked quantity x 130) + (90-day average BNB locked quantity x 120) + (60-day average BNB locked quantity x 110) + (30-day average BNB locked amount x 100).

On the Binance Financial Management page, subscribe for BNB regularly and automatically receive new income from Megadrop airdrops and launchpool mining.

The lock-up time is 30–120 days, and early redemption is also possible in the middle. After redemption, the assets will be returned to the spot wallet within 48–72 hours, but all accumulated profits will also be withdrawn and deducted from the returned principal.

What are the risks of Megadrop staking?

In 2024, many projects are doing pledge airdrops, staking project tokens, and receiving airdrops from the project itself or other projects.

Most of these projects are on-chain and relatively decentralized, but there are also problems such as project runaways and security vulnerabilities.

Staking BNB on Binance is staking within the Binance platform. Based on trust in the platform, the risk is relatively small. After all, the platform will not run away easily.

But everything has two sides. Advantages and disadvantages are mutually convertible. Centralized platforms are safer but also more dangerous.

The blockchain is decentralized, but the exchange is a centralized platform. Users also need KYC to trade on the platform and accept the risk control of the platform.

The biggest risk of Megadrop staking is whether Binance will run/fail? This probability is very low, after all, it is currently a TOP1 firm, but black swan events also exist, and nothing is absolute.

Some negative information may cause BNB to plummet or be cut in half. Centralization relies too much on brands and platforms, which is also the biggest risk of holding BNB.

Of course, Binance has an excellent global team dedicated to promoting and developing blockchain and making great contributions to the crypto world.

The recent lawsuit between CZ and the U.S. Department of Justice has attracted the attention of the entire cryptocurrency community. The 161 letters sent to Judge Jones also show that many people support CZ and recognize his contribution to the crypto market. They hope that he will end the lawsuit as soon as possible and return to the crypto world. .

For players who do not have the energy and ability to find high-quality projects, participating in Megadrop is also a good choice.

BNB is currently developing well and ranks top 4 in the global token market value. It has the team and strength to see more high-quality web3 projects. Standing on the shoulders of giants, it can avoid detours.

At present, the price of BNB is relatively high, which is also a huge investment cost.

There are many ways to play in the encryption market. If you choose the way that suits you, everyone will have a chance.

The above is just my personal opinion, no investment advice. I’m CryptoLola and I follow the crypto market and web3.

How to stake BNB to receive Megadrop new token airdrop? was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.