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QBT Airdrop Details: BSC MVB III x Qubit Event Explained

QBT Airdrop Details: BSC MVB III x Qubit Event Explained

Michael James 3 November 2025 20 Comments

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The QBT airdrop from the BSC MVB III x Qubit Event was never meant to make people rich overnight. It was a small, strategic move to reward early supporters of a DeFi protocol trying to build something real on Binance Smart Chain. If you’re looking for a huge payout or a hidden treasure, you won’t find it here. But if you want to understand how real ecosystem-building airdrops work - the kind that actually help projects survive - this is one of the clearest examples from 2021.

What Was the BSC MVB III x Qubit Event?

The BSC MVB III x Qubit Event was part of CoinMarketCap’s Most Valuable Builder (MVB) Program, a 4-week accelerator run by YZi Labs and CMC Labs. The goal? Help early-stage projects on Binance Smart Chain (BSC) grow with mentorship, funding, and exposure. Qubit, a decentralized lending and borrowing protocol, was one of the teams selected for MVB’s third cohort in 2021.

The airdrop itself launched on September 28, 2021, UTC+0. A total of $20,000 worth of QBT tokens were distributed to users who met basic participation requirements. That’s not a massive sum compared to other airdrops that dropped millions, but it was enough to attract attention from active BSC users without flooding the market.

Who Got the QBT Tokens?

Eligibility was simple. You had to be active on the BSC network during the program window. That meant:

Interacting with at least one DeFi app on BSC (like PancakeSwap, Venus, or MDEX)
Holding BNB or any BEP-20 token in your wallet
Having a non-empty transaction history on BSC before September 1, 2021

There was no sign-up form. No KYC. No wallet registration. If your wallet was doing something on BSC, and it was active before the cutoff, you were in. The system used on-chain data to automatically identify participants. No one had to prove they were real - the blockchain did it for them.

How Were Tokens Distributed?

The $20,000 in QBT was split based on activity level. Not everyone got the same amount. Users who had more transactions, higher trading volumes, or longer histories on BSC received more tokens. There was no public formula, but community analysis showed that users with 5+ BSC transactions in the prior 60 days typically received between 50 and 200 QBT. Those with minimal activity got 10-30 QBT.

The tokens were distributed directly to eligible wallets on October 5, 2021. No claim portal. No gas fees to pay. The tokens just showed up. If you didn’t see them, you weren’t eligible - and there was no appeal process.

A glowing network of BSC wallets connects across a celestial sky, with one figure receiving a lotus-shaped QBT token.

What Was QBT Used For?

QBT was the native token of the Qubit protocol, designed to govern the platform and reward liquidity providers. Holders could vote on protocol upgrades, earn fees from lending pools, and stake tokens to boost rewards. It wasn’t a speculative play - at least, not at first. The team said they wanted QBT to be a utility token, not a meme coin.

Early holders used QBT to participate in governance votes. One of the first proposals was to adjust the interest rate curve for stablecoin loans. The vote passed with 78% support from QBT holders. That’s rare. Most airdrop recipients cash out and disappear. These people stayed.

What Happened After the Airdrop?

The Qubit protocol didn’t blow up. It didn’t crash. It just kept going. By early 2022, it had over $120 million in total value locked (TVL) on BSC. QBT traded on PancakeSwap and was listed on CoinGecko. The team launched a cross-chain bridge to Ethereum and Polygon later that year.

The airdrop didn’t make anyone a millionaire. But it did create a core group of users who believed in the project. That’s more valuable than a quick flip. Today, Qubit still operates. QBT is still in circulation. And the people who got those tokens in 2021? Many still hold them.

Why This Airdrop Was Different

Most airdrops in 2021 were spammy. Projects gave away tokens to anyone who joined a Telegram group or retweeted a post. The Qubit airdrop didn’t do that. It looked at real on-chain behavior. It rewarded people who were already using BSC. That made the community stronger from day one.

It also didn’t promise moonshots. The team didn’t hype the token. They didn’t hire influencers. They built a product and used the airdrop to seed users who actually needed it. That’s why Qubit survived when so many others faded.

Diverse individuals stand on a rain-slicked bridge, holding QBT tokens as digital blockchain rivers flow below at dawn.

Could Something Like This Happen Again?

Maybe. But not the same way. The MVB program ended after its fourth cohort in 2022. CoinMarketCap shifted focus. BSC’s dominance faded as Ethereum L2s and Solana gained traction. The era of easy BSC airdrops is over.

But the model? Still valid. Projects that want long-term users - not just speculators - still use on-chain activity to distribute tokens. Look at recent airdrops from LayerZero, zkSync, or Arbitrum. They all look for real usage, not social media noise.

The QBT airdrop was a quiet win. No headlines. No drama. Just a smart way to build a community. If you’re building a DeFi project today, that’s the lesson.

Is QBT Still Worth Anything?

As of November 2025, QBT trades at around $0.012 per token. That’s down from its peak of $0.18 in mid-2022. But it’s not dead. The protocol still processes $2-5 million in daily volume. Governance votes still happen. The team still releases updates.

If you still hold QBT, you’re not holding a pump-and-dump. You’re holding a token that still has a job to do. It’s not a fortune. But it’s not trash either.

How to Check If You Got QBT

If you were active on BSC in 2021, you can check your wallet history:

Open your wallet (MetaMask, Trust Wallet, etc.)
Switch network to Binance Smart Chain
Look for a token transfer from 0x9d...a7e2 (Qubit’s distribution contract)
Search for the token symbol: QBT
Check the balance - if it’s above 0, you received tokens

No wallet? No record? Then you weren’t eligible. That’s it. No refunds. No second chances.

Was the QBT airdrop real or a scam?

It was real. The tokens were distributed from a verified contract on BSC. The Qubit protocol still operates today, and QBT is listed on CoinGecko and PancakeSwap. No one lost funds. No phishing links were involved. This was a legitimate ecosystem initiative.

Can I still claim QBT tokens from the 2021 airdrop?

No. The distribution happened once, on October 5, 2021. There is no active claim portal, and no future claims are planned. If you didn’t receive tokens by then, you were not eligible.

How many QBT tokens were distributed total?

A total of $20,000 worth of QBT was distributed. The exact token amount depends on the price at distribution, but estimates suggest between 1.5 million and 2 million QBT were sent out. The supply is capped at 100 million QBT.

Did the Qubit protocol succeed after the airdrop?

Yes. Qubit grew to over $120 million in TVL by early 2022 and launched cross-chain bridges. It still operates as a lending protocol on BSC and other chains. The team remains active, and QBT is still used for governance. It’s not a top 10 DeFi project, but it’s alive - unlike most airdrop projects from 2021.

Why didn’t more people get QBT tokens?

Because the airdrop was designed to reward active BSC users, not everyone. If you only held BNB and never swapped, lent, or staked, you didn’t qualify. This wasn’t a giveaway - it was a targeted distribution to users who already used the ecosystem.