The world of decentralized finance (DeFi) has once again welcomed a promising new player. Recently, Binance, one of the world's largest cryptocurrency exchange platforms, announced the listing of Lista DAO's LISTA token as the second project on its recently launched Binance Megadrop platform.
LISTA Token Details
This protocol is known to focus on liquid staking and decentralized stablecoins. The total supply of LISTA tokens is limited to 1 billion tokens. A total of 100 million LISTA, or 10% of the total supply, is allocated specifically as Megadrop Token Rewards. Meanwhile, the initial supply circulating at launch will be 230 million LISTA, representing 23% of the total maximum supply.
Binance does not forget to remind investors to always carry out independent research before making any investment. The platform emphasized that any claim to offer a token sale before the specified schedule is false advertising.
LISTA Token Function
LISTA serves as a multi-utility token in the Lista DAO ecosystem. Apart from functioning for governance purposes, this token also supports various financial activities in the ecosystem, such as instant conversion, asset collateralization, lending, and yield farming.
About Binance Megadrop
Binance Megadrop was first announced in April 2024. The platform aims to give users early access to certain Web3 projects before their tokens are officially listed on Binance Exchange. Binance Megadrop seeks to improve the token release experience by integrating Binance Simple Earn and Binance Web3 Wallet.
Conclusion
Listing LISTA on Binance Megadrop is an important achievement for both parties, both Binance and the Lista DAO project. Binance's innovative Megadrop platform offers its users exclusive early access to get involved in promising Web3 projects.
