The second largest crypto exchange known worldwide by trading volumes has officially launched Megadrop, a token launch platform aimed at facilitating the process of acquiring token airdrops. This is a major upgrade to Bybit’s token distribution framework, which offers a more user-friendly approach to joining the early stages of new cryptographic projects.
By subscribing to fixed-phase Bibit savings products, participants can earn token airdrops through Bibit Megadrops. Currently, $MNT, $USDT, $USDC, and $BBSOL are eligible tokens for subscriptions. However, this new method of airdrop differs from traditional airdrop models where traders usually trade large quantities or require traders to meet certain conditions. This allows participants to create consistent annual percentage returns and form future tokens.
Bybit Megadrop offers double rewards and educational incentives
Megadrop has an important feature in the form of a double reward system. Subscribers continue to earn APR returns on their savings deposits and are entitled to a proportional airdrop receipt, proportional to their subscription amount. Users can also complete optional educational tasks for featured token projects, which increase potential rewards. These tasks aim to provide knowledge about token technology and use cases to encourage participants to participate with more knowledge.
This approach provides an early way for users to get tokens before being listed in Bybit’s spot market. This is intended to remove some common problems people usually face in advance with tokens. This may include higher admission costs or knowledge requirements for advanced trading skills. This integration into Bybit’s existing acquisition products allows you to participate without the additional risk or purchase of new assets.
Continuous access to emerging projects
Meanwhile, Megadrop will hold regular token delivery events where the project is undergoing due diligence. The first campaign on the platform was Obol, and is currently live on Bybit. Future events continue to focus on projects with excellent foundations and growth potential.
The introduction of Megadrop is based on Bybit services to devise ways to support the evolving needs of users in the digital asset space. This initiative is an extension of the broader exchange goal to make cryptography more accessible and simpler.
