Hey guys!
You know what! A long awaited is gonna happen tonight!
Those who are awake are the most luckiest in the world!
I'm happy announce that Binance is launching LISTA megadrop!! Yeah!
First of all, lets see what is Megadrop..
What is Binance Megadrop?
Binance Megadrop is a new token launch platform that seamlessly integrates Binance Simple Earn and the Binance Web3 Wallet, reinventing the airdrop experience. Megadrop grants users early access to select Web3 projects before they are listed on Binance.
Unlike launchpad or launchpool, it is you will earn what you do.
You can simply go to [More] - [Megadrop] - [LISTA] -
you will see the Quest tab where it will assign you quest to be completed in order by earn Megadrop. Or else if you have stacked BNB, you may apply to BNB Locked products for 30 to 120 days. Such a way, you can choose your desired method to earn, which is much flexible and very thoughtful mechanism for market volatility.
How is my total score calculated?
Your total score is calculated based on the amount and duration of your locked BNB and Web3 quest completion. The rewards you can get will be based on your total score in proportion to the total scores of all qualified users.
Megadrop Points Formula:
Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
1. BNB locking
Your score is determined by the quantity of BNB subscribed and the length of the subscription period. The quantity of BNB subscribed will directly affect the score calculated in a linear way (X quantity of BNB would result in X quantity of score), with longer subscriptions yielding higher scores. Please note that your score may vary due to daily subscription fluctuations. The score calculation is based on averages from daily snapshots.
Depending on the lock duration you select in BNB Simple Earn Locked Products, your score will be calculated as 30, 60, 90, or 120 days. Please note:
If you lock BNB for 0 < n < 59 days, your score will be boosted by the “30 Days” multiplier.
If you lock BNB for 60 ≤ n < 90 days, your score will be boosted by the “60 Days” multiplier.
If you lock BNB for 90 ≤ n < 120 days, your score will be boosted by the “90 Days” multiplier.
If you lock BNB for ≥ 120 days, your score will be boosted by the “120 Days” multiplier.
For example, User A locked their BNB for 45 days, the system will calculate the lock duration as “30 days”, and User A’s score will be boosted by the “30 Days” multiplier.
Please note that each Megadrop may have a different multiplier for different locked durations.
2. Web3 quests completion
You can boost your score by completing Web3 quests. If you complete all quests, your locked BNB score will be boosted by a certain multiplier, and you’ll also gain additional bonus points.
For example, the score multiplier is “3” and your locked BNB score is 1,200. When you complete all quests, your total score will become (1,200 * 3) + 50 = 3,650.
3. Megadrop BNB locked product snapshot amount calculation
When calculating the Megadrop BNB locked product snapshot amount for a particular project, it is based on the hours with a locked BNB amount from UTC 00:00 to the next UTC 00:00. Therefore, the BNB locked snapshot amount may differ from the user's BNB locked amount if it has not been locked for the full 24 hours.
Calculation method:Daily BNB locked snapshot amount = (1st hour with BNB locked snapshot amount + 2nd hour with BNB locked snapshot amount +...+ 23th hour with BNB locked snapshot amount + 24th hour with BNB locked snapshot amount) / 24If the user has not locked their BNB in the first and second hour, the BNB locked snapshot amount will be: (3rd hour with BNB locked snapshot amount + 4th hour with BNB locked snapshot amount +...+ 23th hour with BNB locked snapshot amount + 24th hour with BNB locked snapshot amount) / 24The total BNB locked snapshot amount = sum of all daily BNB locked snapshot amounts / number of days from the start of the Megadrop BNB locked product snapshot to the calculation date
Please note that this score is not final and will fluctuate based on your daily locked BNB holdings and Web3 quest completion status.
What is Lista DAO?
Lista DAO functions as a open-source liquidity protocol for earning yields on collateralized Crypto assets (BNB, ETH, Stablecoins, and other cryptocurrencies) and borrowing of our decentralized stablecoin, lisUSD, also known as a "Destablecoin".
It uses and expands the proven MakerDAO model for a decentralized, unbiased, collateral-backed destablecoin.
The protocol consists of a dual token model (lisUSD and LISTA) and a set of mechanisms that support instant conversions, asset collateralization, borrowing, yield farming, etc. We are native to the BNB Chain ecosystem and have plans to expand to multiple chains in the near future.
The protocol is built by DeFi and smart contract experts with the aim to position the world-class revolutionary lisUSD Destablecoin as the most widely used one, by leveraging Proof-of-Stake (PoS) rewards and yield-bearing assets.
Destablecoin is a new type of asset class within the crypto space that seeks to label a more accurate term in the current stablecoin landscape. The prefix “de-” stands for decentralized - it does not signify price volatility the way assets such as BTC experience. Destablecoins utilize decentralized, liquid-staked, crypto assets only as collateral and do not aim to achieve absolute price stability with fiat-based currencies such as USD. While destablecoins are not fully volatile assets, they will allow for some price fluctuations as regular fiat currencies would experience with varying reference rates and interest rate parities defined by the open market.
Lista DAO allows users to:
Collateralise BNB.
Borrow lisUSD
Farm lisUSD
Repay the loan (lisUSD + borrowing interest)
Withdraw collateral
Claim rewards in LISTA for borrowing lisUSD (coming soon)
Participate in protocol governance, using LISTA tokens (coming soon)
Lista Megadrop Period:
2024-05-30 00:00:00 (UTC) to 2024-06-19 23:59:59 (UTC)
BNB Locked Products Snapshot Period:
To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2024-05-30 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ.
Web3 Quest Period:
Users may complete Web3 Quest(s) during the Quest Period.
Web3 Quest 1: “Stake 0.01 BNB in the ListaDAO DApp” (Tutorial)
2024-06-20 06:00:00 (UTC)
Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Wallet.
Lista Megadrop Details:
Token Name: Lista (LISTA)
Max Token Supply: 1,000,000,000 LISTA
Megadrop Token Rewards: 100,000,000 LISTA (10% of max. token supply)
Initial Circulating Supply: 230,000,000 LISTA (23% of max. token supply)
User Eligibility: KYC required in eligible jurisdictions
Hard Cap per User: 800,000 LISTA
Rewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
Locked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount 130) + (Average 90-day BNB Locked Amount 120) + (Average 60-day BNB Locked Amount 110) + (Average 30-day BNB Locked Amount 100)
Web3 Quest Multiplier: 1.5
Web3 Quest Bonus: 1,000
Hope you guys achieve great success! Happy Trading!
