Binance launches the 2nd Megadrop - Lista
LISTA is a stablecoin and Liquid Staking protocol with $300M TVL on BNB Chain, formerly named Helio and later renamed LISTA
The project raised $10M from Binance Labs in August 2023.
Lista DAO is a decentralized stablecoin and liquidity staking protocol. Users can go through the process of staking and staking liquidity on Lista, as well as borrow lisUSD using a variety of decentralized collateral.
Detailed information about the $BNB snapshot schedule, listing and Web3 tasks is temporarily unavailable. I will inform everyone soon.
Tokenomics Lista Megadrop on Binance
Token name: Lista (LISTA)
Supply: 1,000,000,000 LISTA
Megadrop Token Reward: 100,000,000 LISTA (10% of supply)
Initial circulating supply: 230,000,000 LISTA (23% of supply)
For details about the event, please refer to This
Token Usecase:
LISTA is the governance token of Lista DAO and is used in the following functions:
- Governance: LISTA token holders can vote on the protocol's governance decisions.
- Protocol incentives: Users can earn LISTA tokens as rewards when they borrow lisUSD with collateral or perform liquidity farming in lisUSD and slisBNB pools.
- Voting meter: users can lock their LISTA tokens as veLISTA and vote for the collateral they want to use to mint lisUSD and the liquidity pool they want to supply LPs with at inflation rate higher emissions.
- Fee Sharing: Users who lock their LISTA to veLISTA will also be eligible for fee sharing.
Lista includes the following key components that work together:
BNB Liquid Staking Token slisBNB
Decentralized stablecoin lisUSD
Token Distribution
- Binance Megadrop: accounts for 10.00% of total supply
- Airdrop: accounts for 10.00% of total supply
- Investors & Advisors: accounts for 19.00% of total supply
- Team: accounts for 3.5% of total supply
- Community: accounts for 40.00% of total supply
- DAO Treasury: accounts for 8.00% of total supply
- Ecosystem: accounts for 9.5% of total supply
Token Allocation
Token release schedule
Partner
Main Contributors
Audit
Trade and business development progress
Pancake Swap: Decentralized exchange; Supports lisUSD and slisBNB on-chain liquidity and trading.
wBETH : LST; Integrated as collateral to borrow lisUSD.
Venus: lending and borrowing; users can deposit lisUSD or slisBNB as collateral to borrow other listed assets.
APX: Decentralized Perpetual Exchange; users can deposit lisUSD as margin to make the transaction permanent.
Magpie: Service platform that drives productivity and veTokenomics; Further improve lisUSD and slisBNB pool profitability on Pancake and Lista.
Instructions for participating in Lista Megadrop
Step 1. Sign up for a Binance account
1.1 Register for a Binance account
If you are new, you can refer to How to register - Instructions for opening a crypto investment account and verifying identity (KYC) on Binance https://bit.ly/3xhp66Q â If you already have an account, skip this step 1 here
1.2/ Buy P2P directly on Binance or Deposit Onchain from Metamask, TrusWallet,... or any other Web3 or Cex (Centralized exchange) wallet
(Everyone is encouraged to buy P2P directly on Binance for their first purchase to receive an additional $10-$20$ voucher from the Exchange)
â The most detailed and simple instructions for buying P2P on Binance https://bit.ly/3IWMsRE
Step 2. Register and complete the registration of BNB Locked Products on the Earn feature to accumulate points.Â
Register and complete registration BNB Locked Products on the Earn feature to accumulate points.Â
â Go to Earn Section â Simple Earn â Select BNB â Select Duration (Number of Lock days â should choose 120 days) â Subscribe
Some notes when Locking BNB at Simple Earn
Lock BNB at Simple Earn for 30 / 60 / 90 / 120 days respectively
The more BNB you lock for longer, the higher the reward points
You can withdraw at any time, but you must accept the loss of rewards and wait 48 - 72 hours for BNB to return to the Spot wallet.
Locked BNB still counts towards Launchpool
If you have previously locked BNB in ââSimple Earn, just keep it intact, Binance will automatically take a snapshot
AEs without BNB can still participate in the Megadrop but their points will be lower and they will be given fewer tokens
Note the Snapshot Time for each Megadrop project
Step 3. Complete Web3 tasks in Megadrop to earn points and receive rewards. (This section is currently unavailable, I will update later)
Step 4. Get Megadrop rewards based on your Total Points.
â Megadrop rewards will be airdropped to the user's Binance Spot Wallet
How to Calculate Points when Locking BNB and doing Quests on Web3 Binance
The system will calculate the user's Total Points by applying the Web3 Task Multiplier to their total locked BNB Points and then adding the Web3 Task Rewards. Specifically, the total score is calculated according to the formula:
Total Points = (Locked BNB Points * Web3 Quest Multiplier) + Web3 Quest Bonus
In there:
BNB Locked Points = (Average BNB Locked for 120 Days x 130) + (Average BNB Amount Locked for 90 Days x 120) + (Average BNB Amount Locked for 60 Days x 110) + (Average BNB locked for 30 days x 100)
Web3 mission factor:Â 1.5
Web3 Quest Reward:Â 1,000
For example:Â If your average 30-day, 60-day, 90-day & 120-day locked BNB are all 1 BNB. Your locked BNB points are: (1 x 130) + (1 x 120) + (1 x 110) + (1 x 100) = 460
If you complete the entire Web3 quest, your Web3 quest multiplier will be 1.5 and the Web3 quest reward is 1,000. Then, the total score will be: (460 * 1.5) + 1,000 = 1,690. Note that if you do not complete the Web3 tasks as specified then the default multiplier is 1.
Note
External wallets such as Metamask, Trustwallet, etc. imported into Binance Web3 Wallet will not be counted.
Only backup wallets created in the Binance Web3 Wallet can participate in the Megadrop.
Users can visit the Megadrop project page (this page will be available in the second announcement) to check if the task was completed successfully.
Megadrop rewards will be airdropped to the user's Binance Spot Wallet
In the next article, I will INSTRUCT everyone to do Task Web3 on Megadrop. Don't forget to Follow and Like the article.
