Bybit, globally known 2nd largest crypto exchange by trading volume, has officially launched Megadrop, a token launch platform which aims to ease the process of earning token airdrops. This is a major upgrade to Bybit’s token distribution framework that provides a more user friendly approach to participate in the early stage of new crypto projects.
By subscribing to Fixed-Term Bybit Savings products, participants can earn token airdrops through Bybit Megadrop. Currently, $MNT, $USDT, $USDC, and $BBSOL are the eligible tokens for subscription. However, this new method for airdrops is different from traditional airdrop models which typically mandate traders to transact high volumes of trades or meet certain conditions. It allows participants to make consistent yearly percentage returns and form future tokens.
Bybit Megadrop Offers Dual Rewards and Educational Incentives
Megadrop has a key feature in the form of a dual reward system. Subscribers continue to get APR yields on their savings deposits and are entitled to proportional airdrop receipts as well, proportionate to their subscription amounts. It also allows users to complete optional educational tasks on the featured token projects that will increase their potential rewards. These tasks aim to offer some knowledge about the technologies and use cases of the tokens to encourage participants to participate with more knowledge.
The approach offers users an early way to acquire tokens before they are listed on Bybit’s spot market. It aims to remove some common issues that people usually face with token presales, which may include a requirement of higher entry cost or knowledge of advanced trading skills. This integration into Bybit’s existing Earn products ensures that participation is possible without any additional risk or buying of new assets.
Ongoing Access to Emerging Projects
Meanwhile, Megadrop will be conducting regular token distribution events where projects will be going through due diligence. The first campaign on the platform is OBOL, which is now live on Bybit. The future events continue to focus on project with good fundamentals and growth potential.
The introduction of Megadrop builds on Bybit services as they devise ways to support evolving user needs in the digital asset space. The initiative is an extension of the wider goal of the exchange to make crypto more accessible and simpler.
