Lista Megadrop Participation Rules Introduction
The rules for participating in the second phase of Binance Megadrop are basically the same as those for the first phase. There are two ways to participate: subscribe to BNB regular products or complete related Web3 tasks. According to the official announcement of Binance, the specific rules are as follows:
During Lista Megadrop:
Participation time: 08:00:00 on May 30, 2024 (GMT+8) to 07:59:59 on June 20, 2024 (GMT+8)
BNB Periodic Product Snapshot Period: During this period, Binance will randomly take snapshots of users' BNB periodic product holdings every hour. In order to maximize the BNB periodic score, users can start purchasing BNB periodic products before 08:00:00 (GMT+8) on May 30, 2024.
Web3 Task Period: Users need to complete Web3 tasks during this period. Web3 Task 1: “Stake 0.01 BNB in ListaDAO DApp”.
Rewards will be distributed on June 20, 2024 at 14:00:00 (ET8). Users can view and claim their Megadrop rewards in the Binance spot wallet.
In addition, the hard cap for a single user reward is 800,000 LISTA. Reward calculation: User final points = [locked BNB points * Web3 task multiplier (1.5)] + Web3 task points (1,000).
The Lista Megadrop event lasted for about 20 days, and the reserved time for participation was relatively long. There was only one Web3 task, which was to stake 0.01 BNB in the ListaDAO DApp, and the task was relatively simple.
100 Million LISTA Tokens Awarded for Binance Megadrop
LISTA is the native token of Lista DAO. It is transferable and multifunctional, and is mainly used for decentralized payment and settlement between participants within Lista DAO. Currently, the over-the-counter price of LISTA token is 0.8USDT.
The total number of LISTA tokens issued is 1 billion, and the initial circulation is 230 million. The issuance on the Binance Megadrop platform is 100 million, and users can participate in mining by locking BNB.
LISTA token distribution includes: 100 million tokens provided to the Megadrop platform, 100 million tokens for airdrops, 190 million tokens for investors and consultants, 35 million tokens for the team, 400 million tokens for the community, 80 million tokens for the DAO treasury, and 95 million tokens for the ecosystem.
Lista Project
Lista, the full name of which is "Lista DAO", is a decentralized stablecoin lending protocol powered by LSDfi. Users can stake and liquidate on Lista, and can also borrow lisUSD based on various decentralized collateral.
Lista is natively built in the BNB chain ecosystem. The platform supports users to stake BNB to earn PoS staking income and obtain liquidity staking certificates slisBNB. It also supports users to use various LSD assets as collateral to mint stablecoins such as lisUSD.
The Lista protocol consists of a dual token model (lisUSD and LISTA) and a set of mechanisms that support instant conversion, asset collateralization, lending, liquidity mining, etc. lisUSD is the decentralized stablecoin of Lista DAO, using decentralized liquid pledged crypto assets as collateral and soft-pegged to the US dollar.
Last August, Binance Labs invested $10 million in Lista DAO (formerly Helio Protocol) to help it transform into a liquidity staking platform and expand to other networks in the future.
Core Products
ListaDAO has two core products, namely liquidity pledge and stablecoin lending. Pledge crypto assets and obtain corresponding liquidity tokens to improve the efficiency of fund use; stablecoin lending services are mainly implemented through the over-collateralization model. At present, the total locked value of the Lista platform exceeds 500 million US dollars, and its development momentum is very rapid.
Specifically, in liquidity staking, users stake crypto assets such as BNB, earn PoS income on the BNB chain, and obtain liquidity staking certificates (such as sLISBNB). These certificates can not only be used within the Lista DAO platform, but can also be used on other DeFi platforms for lending, LP, providing liquidity, etc. to earn income.
In the stablecoin lending service, users choose collateral to borrow lisUSD. Users can borrow stablecoin lisUSD in an over-collateralized manner by mortgaging ETH, BNB native assets, or LSD assets such as slisBNB. Currently, ListaDAO supports collateral assets such as ETH, BNB, slisBNB, wBETH, and BTCB.
