Binance has just announced its second airdrop project on the Binance Megadrop platform, which has generated a lot of excitement among cryptocurrency fans.

Lista (LISTA), a protocol for decentralized liquid staking and stablecoins, is the newest cryptocurrency to be highlighted in this article.

Understanding Lista

Lista DAO is an open source liquidity protocol that allows users to generate returns on guaranteed cryptocurrency assets such as stablecoins, ETH, and BNB. It also allows loans from lisUSD, a decentralized stablecoin.

The protocol implements a dual token model that includes lisUSD and LISTA, as well as mechanisms for instant conversion, asset collateralization, lending, and yield farming. Lista DAO was initially associated with the BNB Chain ecosystem; However, they intend to expand to diverse blockchains.

Read about Lista (LISTA) on Binance Research report.

Token LIST

LISTA is Lista DAO's fungible token, used for protocol governance and utility purposes. It offers economic incentives to encourage user contribution and engagement in the Lista DAO ecosystem.

The Lista team has burned liquidity provider (LP) tokens and released contract ownership to ensure security and trust. These tokens are transferred to a burn address, which makes them non-recoverable and guarantees that the tokens will always have a base level of liquidity.

This technique not only protects against possible rug pulling, but also helps build trust within the community.

Lista Megadrop Detail:

  • Nama Token: List (LIST)

  • Input Token Max: 1,000,000,000 LIST 

  • Megadrop Token Rewards: 100,000,000 LISTA (10% of maximum token supply)

  • Initial Circulation Supply: 230,000,000 LISTA (23% of maximum token supply)

  • User Eligibility: KYC is required in eligible jurisdictions

  • Hard Cap per user: 800,000 LISTA

What is Binance Megadrop?

In an innovative move, Binance Megadrop integrates features from Binance Simple Earn and Binance Web3 Wallet to facilitate the token launch. Users will be able to access new token projects early on the platform and earn incentives in various ways.

Fixed-term product subscriptions, completing Web3 tasks, and receiving token rewards proportional to the accumulated score are things that users can do with Binance Megadrop.

Binance Megadrop: How to Participate

  • Lock BNB to Get First Points

Users must lock their BNB in ​​a fixed-term product on Binance Simple Earn to take part in the Binance Megadrop. The amount of BNB locked and the duration of the subscription period determine the points earned. A higher score means you get more BNB and a longer locking time. This means you get more rewards.

  • Complete Web Mission3

Completing Web3 missions is another way for users to increase their score. To take part in this mission, visit the Binance Megadrop page, where users will also get comprehensive lessons and instructions. In addition to increasing users' scores, completing these tasks will increase their knowledge of the blockchain ecosystem.

  • Finally, Get Your Reward!

Reward tokens from highlighted projects are distributed to users based on their cumulative scores from locking BNB and completing Web3 missions. To encourage users to participate in both parts of the Megadrop program, these rewards are awarded according to their scores.

Reward Calculation: Total Score = (BNB Locked Score * Web3 Quest Multiplier) + Web3 Quest Bonus

  • BNB Locked Score (based on hourly snapshots during the BNB Locked Product Snapshot Period) = (Average 120-day BNB Locked Amount ° 130) + (Average 90-day BNB Locked Amount ° 120) + (Average BNB Locked Amount 60 days ° 110) + (Average 30-day BNB Locked Amount ° 100)

  • Web3 Quest Multiplier: 1.5

  • Web3 Quest Bonus: 1,000

#LISTAMegadrop #ContentMasteryChallenge01

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