Crypto exchange Bybit has launched a new platform called Megadrop. The platform lets users earn free crypto tokens just by saving the coins they already have. According to the press release, the portal is live now, and can be accessed directly the Bybit platform for both novice and experienced traders
Megadrop gives users the chance to earn free token airdrops just by subscribing to Fixed-Term Bybit Savings plans. Eligible tokens for this include MNT, USDT, USDC, and BBSOL. Users do not need to buy new tokens. Instead, they can use the assets they already have to subscribe. This makes participation risk-free, according to the exchange.
The feature has a dual reward system, whereby Users get their regular savings interest (APR), plus new token airdrops. The more they subscribe, the more tokens they can receive. Bybit also allows users to boost their rewards by completing simple educational tasks. These tasks are optional but can increase the amount of airdrop received.
The process is made easy and clear, and no advanced trading is needed. Bybit says Megadrop removes the usual barriers of token launches, which often require big investments or lots of trading activity. With Megadrop, users also get early access to tokens before they are listed on the Spot market.
Bybit said in its announcement, “Megadrop delivers on its promise of Airdrops Made Easy with a seamless experience that unlocks supersized rewards accessible to both crypto newcomers and veterans.”
This new launch adds to Bybit’s lineup of Earn products. It also shows Bybit’s goal to mix traditional finance tools like savings with new digital assets. Moreover, the first Megadrop event (OBOL) is live now, and more are coming soon. Bybit says the next rounds will include carefully selected crypto projects with strong potential.
However, this is different from Binance Megadrop which serves a similar purpose. Binance Megadrop lets active users access web3 projects even before the token gets listed on the exchange. With this, users are able to engage and mint tokens from promising projects all within the platform.
Earlier, on April 14, Binance listed its 4th Megadrop project ‘KernelDAO (KERNEL)’, the token is a shared staking protocol built on BNB chain, which allows users restake yield-generating assets like BNB, and BTC in order to earn additional rewards.
Also Read: Crypto Council Sends Letter to SEC Seeking Clear Staking Rules
