Back in September 2021, a small but meaningful airdrop happened on the Binance Smart Chain. It wasn’t one of those massive $10 million drops that made headlines. This one was quiet, targeted, and tied directly to a real program building real DeFi tools: the QBT airdrop from the BSC MVB III x Qubit Event. If you were active in DeFi back then, you might’ve gotten a few hundred QBT tokens for doing simple things like connecting your wallet or holding a certain token. But if you missed it, you’re not alone - and here’s why that matters today.
What Was the BSC MVB III x Qubit Event?
The BSC MVB III program was part of CoinMarketCap’s Most Valuable Builder initiative - a 4-week accelerator for early-stage projects on Binance Smart Chain. It wasn’t just a contest. It was a structured support system: mentorship from BNB Chain’s team, access to investors at YZi Labs, and exposure across CoinMarketCap’s platform. Qubit, a cross-chain lending protocol, was one of the 10 teams selected for MVB III. The airdrop was their way of rewarding early supporters and testing their token distribution model before launch. The event ran from September 28, 2021, UTC+0. The total value of the QBT tokens distributed was $20,000. That might sound small, but in 2021, when gas fees were low and the BSC ecosystem was exploding, even $20,000 could reach hundreds of active users. Unlike random airdrops that spam wallets with worthless tokens, this one was tied to a real project with a working protocol. Qubit had already launched its lending platform on BSC and was preparing to expand to other chains.How Did You Qualify for the QBT Airdrop?
Eligibility wasn’t based on buying tokens or staking large amounts. It was designed to reward genuine engagement with the BSC ecosystem. To qualify, you needed to meet at least one of these criteria:- Hold at least 10 BNB in your wallet during the event window
- Have interacted with at least three different DeFi protocols on BSC (like PancakeSwap, Venus, or Cream Finance)
- Been an active participant in Qubit’s testnet or community channels (Discord or Telegram)
What Was QBT Used For?
QBT was Qubit’s native utility token. It wasn’t meant to be a speculative asset at launch. Its main uses were:- Discounted borrowing fees on Qubit’s lending platform
- Staking to earn a share of protocol revenue
- Participating in governance votes for future upgrades
Why Did This Airdrop Matter?
Most airdrops in 2021 were scams or hype traps. This one wasn’t. It was a quiet signal that BNB Chain wanted to build real DeFi, not just pump tokens. The MVB program had a track record: projects like Venus and Beefy Finance came out of earlier MVB batches and went on to become top protocols. Qubit was following the same path. The $20,000 airdrop cost Qubit very little in cash but gave them something priceless: a core group of users who already understood their product. These weren’t random people chasing free tokens. They were active BSC users who had already used DeFi tools. That meant higher retention, fewer fake wallets, and stronger community feedback. By the end of 2021, Qubit had grown to over 50,000 unique users and locked up more than $100 million in total value. The airdrop played a role in that growth. It didn’t make anyone rich overnight, but it gave early supporters a real stake in the protocol’s future.Can You Still Claim QBT Tokens?
No. The claim period ended in October 2021. The smart contract that handled the airdrop was permanently paused after 30 days. There are no official ways to claim QBT today. Any website or social media post claiming to offer “late claims” or “recovery tools” is a scam. If you think you were eligible but didn’t claim, there’s no recourse. The process was automated and final. You can still check your wallet history on BSCScan to see if you received any QBT tokens during that window. If you did, you might still hold them - but they’re no longer listed on major exchanges. Qubit later migrated its mainnet to its own chain, and QBT was replaced by a new token on that chain. The old QBT tokens are essentially worthless now.
What Happened to Qubit After the Airdrop?
Qubit didn’t fade away. In early 2022, they launched Qubit 2.0 - a full rebuild on their own Layer 2 blockchain, Qubit Chain. They phased out the BSC version and migrated users and liquidity. The original QBT token was retired. In its place came a new token, QBT2, with improved governance and lower fees. If you held QBT during the migration, you received a 1:1 swap. If you didn’t, you missed out. Today, Qubit Chain supports lending, borrowing, and cross-chain swaps with near-zero fees. It’s still a small player compared to Aave or Compound, but it’s alive, growing, and focused on real users - not hype. The 2021 airdrop was the first step in that journey.Lessons from the QBT Airdrop
If you’re looking at airdrops today, here’s what the Qubit event teaches you:- Real airdrops are tied to real projects with working products - not just whitepapers.
- Eligibility is usually based on on-chain activity, not social media following.
- Claim windows are short. If you’re eligible, act fast.
- Token value isn’t in the airdrop - it’s in the protocol’s long-term utility.
- Never trust third-party claim sites. Always go to the official project page.
Was the QBT airdrop real or a scam?
It was real. The QBT airdrop was part of CoinMarketCap’s official MVB III program, which was run by YZi Labs and CMC Labs. The tokens were distributed through Qubit’s official smart contract on Binance Smart Chain. No KYC was required, and claims were based on verified on-chain activity. The event was announced on Qubit’s official blog and social channels. Any site claiming to offer late claims today is fraudulent.
How many QBT tokens did users get?
There was no fixed amount. The airdrop distributed 5 million QBT tokens total - about 5% of the full supply. Eligible users received between 50 and 1,000 QBT, depending on their level of activity on BSC. Users who held more BNB or interacted with more DeFi protocols received larger shares. The exact amount was calculated automatically by Qubit’s system.
Can I still get QBT tokens today?
No. The claim period ended in October 2021. The original QBT token was retired in 2022 when Qubit launched its own blockchain, Qubit Chain. A new token, QBT2, replaced it. The old QBT tokens have no value and are not tradable. Any offer to sell or distribute QBT today is a scam.
Did the QBT airdrop help Qubit grow?
Yes. The airdrop helped Qubit build a core group of active users who were already familiar with DeFi on BSC. Within months, Qubit’s total value locked grew from under $10 million to over $100 million. The protocol gained traction because its early users were real participants, not speculators chasing free tokens. This foundation helped Qubit successfully migrate to its own chain in 2022.
What’s the difference between QBT and QBT2?
QBT was the original token on Binance Smart Chain, used for fees and governance in 2021. QBT2 is the new token on Qubit Chain, launched in 2022. QBT2 has improved tokenomics, lower transaction costs, and better governance features. Users who held QBT during the migration received QBT2 at a 1:1 ratio. New users can only get QBT2 through staking or trading on Qubit Chain.
