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

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

Understanding Lista

As an open-source liquidity protocol, Lista DAO allows users to generate yields on collateralized cryptocurrency assets, including stablecoins, ETH, and BNB. Additionally, it permits borrowing of its decentralized stablecoin, lisUSD.

The protocol implements a dual token model that includes a destablecoin lisUSD and LISTA, as well as mechanisms for immediate conversions, asset collateralization, borrowing, and yield farming. Lista DAO is initially associated with the BNB Chain ecosystem; however, it intends to expand to diverse blockchains.

Read about Lista (LISTA) in Binance research report.

The LISTA Token

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

The Lista team has burned liquidity provider (LP) tokens and resigned ownership of the contract in order to guarantee both security and confidence. These tokens are transferred to a burn address, which renders them unrecoverable and guarantees that the token will always have a baseline level of liquidity.

This technique not only protects against the possibility of rug pulling, but it also helps to establish confidence within the community.

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

What exactly is the Binance Megadrop?

In a groundbreaking move, Binance Megadrop integrates features from Binance Simple Earn and the Binance Web3 Wallet to facilitate token launches. Users will be able to gain access to new token projects early on the platform and earn incentives in a number of ways.

Subscribing to fixed-term products, completing Web3 tasks, and receiving token rewards proportional to their collected scores are all things that users can do with Binance Megadrop.

Binance Megadrop: A How-To Participate

  • Lock BNB to Earn Points First

Users must lock their BNB in fixed-term products on Binance Simple Earn in order to take part in the Binance Megadrop. The number of BNB locked and the duration of the subscription period determine the points earned. Higher scores mean that you get more BNB and longer lock times. This means that you get more rewards.

  • Complete Web3 Quests

Filling out Web3 quests is another way users can increase their scores. To take part in these quests, visit the Binance Megadrop page, where users will also get comprehensive lessons and instructions. In addition to raising the user's score, completing these tasks will improve their knowledge of the blockchain ecosystem.

  • Finally, Earn Your Rewards!

Rewards tokens from highlighted projects are distributed to users based on their cumulative scores from locking BNB and completing Web3 quests. To encourage users to take part in both halves of the Megadrop program, these goodies are given out in proportion to their score.

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

#LISTAMegadrop #ContentMasteryChallenge01

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Disclaimer: The information provided herein is offered "as is" for illustrative and informational purposes only, with no representation or warranty whatsoever. This information is not intended to vouch for financial, legal, or other professional advice, nor does it endorse the purchase of any particular product or service.