Binance is launching Binance Megadrop, a new token launch platform with airdrops and Web3 quests, where users can subscribe BNB to Locked Products and/or complete tasks in their Web3 Wallet for early access to rewards from selected Web3 projects before their tokens are listed on the Binance Exchange.
The 2nd project to be introduced on Binance Megadrop will be Lista (LISTA), a liquid staking and decentralized stablecoin protocol.
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)
Research Report: Lista (LISTA) (which will be available within 1 hour of publishing this announcement)
More details on the Megadrop amount, Web3 Quests, and detailed listing plan will be announced in a separate announcement soon.
What is Binance Megadrop:
Binance Megadrop is a new token launch platform that seamlessly integrates Binance Simple Earn and the Binance Web3 Wallet, reinventing users' airdrop experience. Megadrop grants users early access to select Web3 projects before they are listed on Binance.
This unique combination of engagement, education and rewards positions Megadrop as an unparalleled interactive experience within both Binance and the broader crypto ecosystem.
How to Get Started with Binance Megadrop:
Log into your Binance account.
Subscribe to BNB Locked Products and/or complete Web3 Quests to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Register for a Binance account and create your first Web3 Wallet now if you have not yet done so.
Complete subscriptions to BNB Locked Products on Simple Earn to accrue scores.
Go to Megadrop on the Binance App (coming soon) and complete all the designated Web3 Quests to accrue scores and obtain a score multiplier.
Receive Megadrop rewards based on your Total Score.
Score-Based Megadrop Mechanism:
Megadrop reward per qualified user will be based on the user’s Total Score in proportion to the Total Scores by all qualified users.
Scoring System:
Locked BNB Score: Users will receive a score based on the quantity of BNB subscribed and the length of the subscription period. Longer subscriptions yield higher scores. This score may fluctuate as it is based on averages from daily snapshots.
Web3 Quest Bonus* and Web3 Quest Multiplier: Users will receive a Web3 Quest Bonus and a Web3 Quest Multiplier when they complete all the designated Web3 Quests with the minimum requirements specified.
The system will calculate users’ Total Score by applying the Web3 Quest Multiplier to their total Locked BNB Score and then adding the Web3 Quest Bonus.
Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
* If users do not finish all designated Web3 Quests, the multiplier will be 1.
Users may refer to the FAQ for more details.
Update on BNB Locked Products
In anticipation of Megadrop events in the future, Binance has updated the APRs and increased the maximum subscription limits per user for BNB Locked Products
There will be a cap applied to the total BNB Locked Products subscription amount used in calculations of Locked BNB Score in all Megadrop events. More details will be provided in a separate announcement.
For each Megadrop, users will receive different scores for each active BNB Locked Products subscription they have, based on the length of the corresponding subscription period. The longer the duration, the higher your Locked BNB Score.
Subscribing to BNB Locked Products will allow users to accrue scores for Megadrop. Please note that BNB Vault assets do not count toward the score calculation for Megadrop events.
Users who are participating in Megadrop by locking their BNB with Locked Products, will also receive Launchpool rewards at the same time. Users are not required to manually redeem their BNB assets from BNB Locked Products to participate in Launchpools.
As Bunch Bit (BB) Gives us 40 USD ...This project will be also a good earning chance.
