Bybit Launches Megadrop, a Token Airdrop Platform Targeting New Crypto Projects

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.

Globally recognized crypto exchange, Bybit, known for the second-largest trading volume, has fully launched Megadrop, a token launch platform aiming to simplify the process of earning token airdrops. This is a significant upgrade to Bybit's token distribution framework, presenting a more user-friendly method to engage in the early stage of promising new crypto projects.

How to Earn Token Airdrops Through Bybit Megadrop

To participate in this program and earn token airdrops through Bybit Megadrop, users need to subscribe to Fixed-Term Bybit Savings products. Currently, the platform offers $MNT, $USDT, $USDC, and $BBSOL tokens for subscription. However, this new approach for distributing tokens is different from traditional airdrop models, which usually require traders to transact high volumes or meet specific conditions. It allows participants to form future tokens while making consistent yearly percentage returns.

Megadrop: A Closer Look

Megadrop features a dual reward system. Subscribers continue to receive the Annual Percentage Rate (APR) yields on their savings deposits and are also entitled to proportional airdrop receipts, determined by their subscription amounts. It also allows users to complete optional educational tasks on the featured token projects, which will increase their potential rewards. These tasks aim to provide some insight into the technologies and use cases of the tokens to encourage participants to engage with more knowledge.

This method offers users an early way to acquire tokens, specifically before they are listed on Bybit's spot market. It aims to eliminate some common issues that people usually face with token presales, such as a higher entry cost or the need for advanced trading skills. The 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 hosting regular token distribution events where projects will be going through a due diligence process. The first campaign on the platform is OBOL, which is now live on Bybit. The future events continue to focus on projects with good fundamentals and growth potential.

The introduction of Megadrop builds on Bybit services as they strive to support evolving user needs in the digital asset space. The initiative is an extension of the broader goal of the exchange to make crypto simpler and more accessible.