Important: Binance will be the first platform to list this token, and trading will be available at a later date. Any claims of selling this token before the stated timeline are false advertising. Please do your own research to ensure the safety of your funds!
This is a general announcement and the products and services mentioned here may not be available in your area.
Dear User:
Binance has launched a new token issuance platform Megadrop for new and old Web3 users. Users can apply for BNB regular products on the Binance Megadrop platform, and/or complete the project's tasks in the Binance Web3 wallet, and directly interact with selected project parties to obtain airdrop rewards!
The second project to be listed on Binance Megadrop is Lista (LISTA), a liquidity staking and decentralized stablecoin protocol.
Project Details
Token name: Lista (LISTA)
Maximum Token Supply: 1,000,000,000 LISTA
Initial circulation: 230,000,000 LISTA (23% of the maximum token supply)
Total Megadrop: 100,000,000 LISTA (10% of the maximum token supply)
Research report: Lista (LISTA) (Research report will be online within one hour of this announcement)
Binance will list LISTA after the Megadrop is completed. The specific listing plan will be announced separately, so please stay tuned. The Megadrop quota information and Web3 task details will also be announced at that time.
Binance Megadrop Introduction:
Binance Megadrop is a new token issuance platform launched by Binance. It aims to provide users with a better airdrop experience by seamlessly connecting the Binance Earn Coin platform and the Binance Web3 wallet. Megadrop users will have early access to selected Web3 projects before they are listed on Binance.
Combining many advantages such as interaction, education and rewards, Megadrop provides an unparalleled interactive experience for users of the Binance platform and the entire digital currency ecosystem.
How to participate in Binance Megadrop:
Log in to your Binance account;
Subscribe to BNB regular products and/or complete Web3 tasks to accumulate points. Please make sure you have at least one active Binance Web3 wallet to complete Web3 tasks. New users can click to register a Binance account and create your first Web3 wallet;
Subscribe to BNB regular products on the EarnCoin platform to accumulate points;
Complete all designated Web3 tasks on the Megadrop page of the Binance App (the page will be available in the second announcement) to accumulate points and receive point multipliers;
Get Megadrop rewards based on final points.
Megadrop points mechanism:
The Megadrop reward for a single qualified user depends on the proportion of the user's final points to the total final points of all qualified users;
Points system:
Locked BNB Points: Users will accumulate points based on the amount of BNB they purchase for any BNB regular products on the EarnCoin platform and the length of the purchase period. The longer the purchase period, the higher the score. This score may fluctuate as it is based on an average of daily snapshots.
Web3 Task Points* and Web3 Task Multipliers: Users who complete all designated Web3 Tasks and meet the minimum task requirements will accumulate Web3 Task Points and receive Web3 Task Multipliers;
The system will calculate the user's final points by multiplying the user's locked BNB points by the Web3 task multiplier and adding the user's Web3 task points.
User’s final points = (locked BNB points * Web3 task multiplier) + Web3 task points
* If the user does not complete all designated Web3 tasks, his Web3 task multiplier is 1.
Please refer to the FAQ for more details.
BNB regular product updates
In preparation for future Megadrop events, Binance has updated the BNB term product interest rates and the maximum subscription limit per user. Please check BNB term products for the latest changes.
For all Megadrop activities, the total amount of BNB regular product subscriptions used to calculate locked BNB points is capped. More details will be announced separately;
For each Megadrop, users can get different points from locked BNB products according to the corresponding subscription period. The longer the subscription period, the higher the locked BNB points;
Users can earn more points for Megadrop by purchasing BNB regular products. Please note: BNB income pool assets are not counted towards Megadrop activity points;
Users who hold BNB fixed-term products will automatically receive new coin mining (Launchpool) rewards when participating in Megadrop, without having to manually redeem and invest in the new coin mining pool;
For more information, please refer to the FAQs on Megadrop and BNB Periodic Products.
Note:
Wallet addresses imported into Binance Web3 wallet will not be able to participate;
Only backed-up wallets created in the Binance Web3 wallet can participate;
Users can check the completion status of Web3 tasks on the Megadrop project page (the page will be provided in the second announcement);
Megadrop rewards will be airdropped to users’ Binance spot wallets.
Lista (LISTA) project related links:
Official Website
white paper
X
Medium
Telegram
Reddit
More reference information:
Analysis of the Binance Megadrop
Binance Web3 Wallet and How It Works
Why do you need to back up your Binance Web3 wallet and how to do it
terms and conditions:
Users must complete identity verification and hold at least one active Binance Web3 wallet to be eligible to participate in the Megadrop;
Binance will randomly take snapshots of users’ BNB periodic product holdings multiple times every hour to calculate users’ average BNB periodic product holdings per hour and calculate Megadrop rewards. User rewards will be updated daily.
Whether users can participate in the LISTA Megadrop will be restricted by the country or region they are located in. Users from the following countries or regions cannot participate in this Megadrop by purchasing BNB periodic products or completing Web3 tasks:
Users from the following countries or regions are not eligible to participate in BNB regular products by purchasing: Australia, Canada, Cuba, Crimea, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands and U.S. Virgin Islands), any non-government-controlled areas of Ukraine;
Users from the following countries or regions cannot participate by completing Web3 tasks: Australia, Brazil, Canada, Cuba, Crimea, Cyprus, Iran, Japan, New Zealand, Netherlands, North Korea, Singapore, Syria, the United States and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands and the U.S. Virgin Islands), any non-government-controlled areas of Ukraine;
The above list of restricted countries or regions is not comprehensive and may be updated as local laws, regulations and other considerations change. The list of restricted countries or regions may be updated periodically as laws, regulations and other factors change.
Binance reserves the right to automatically decide on the reward cap;
Before subscribing to BNB regular products on the EarnCoin platform, please refer to the Binance EarnCoin platform Terms of Use. Users can also refer to the EarnCoin platform regular product FAQs for more information;
There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.
Thank you for your support!
Binance Team
May 23, 2024
Note: This announcement was updated on May 23, 2024 to update the announcement title and improve the content about BNB regular product updates.
