Binance Launches 'Megadrop' Program: Early Access Rewards for Web3 Users

Binance has introduced its "Megadrop" early access program, combining airdrops and quests to offer rewards for Web3 users. This platform allows users to subscribe BNB to Locked Products and complete tasks in their Web3 Wallets for early access to rewards from selected Web3 projects before their tokens are listed on the Binance Exchange. With incentives for participation, users can stake BNB tokens prior to project launches and engage in quests, which may involve tasks such as watching educational videos or signing up for mailing lists. Unlike periodic or one-off services, Megadrop encourages long-term engagement, with rewards increasing as users participate in more events over time. This initiative arrives as Binance moves forward following a $4.3 billion settlement with the U.S. government over Anti-Money Laundering violations, with former CEO Changpeng Zhao facing sentencing for money laundering charges on April 30.