What is Binance’s Megadrop?
Megadrop is a new token launch platform introduced by Binance, similar to Launchpad and Launchpool. However, the unique aspect of Megadrop is that users engage in BNB locked staking and can earn token rewards by completing quests within a Web3 wallet.
How Megadrop Works
In Megadrop, users receive tokens proportional to the amount of BNB they stake. The longer the BNB is staked—ranging from 30 to 120 days—the more points are earned, which can then be exchanged for token rewards. For example, staking 2 BNB for 30 days earns 200 points (2 BNB x 100 points/day). However, if withdrawn before 30 days, the full 200 points won't be awarded. Detailed point calculations are provided in the guide.
Earning Points and Rewards
Each completed Web3 quest yields 1,000 points with a potential 1.5x multiplier. For instance, staking 1 BNB for 30 days earns 200 points, which becomes 300 points with the multiplier. Adding the 1,000 points from a Web3 quest totals 1,300 points. Tokens are distributed based on these points within the specified period.
Locked Staking and Web3 Quests
Previously engaged locked BNB staking also earns points, making users eligible for token rewards. While staking involves locking BNB for a period, Web3 wallet quests may vary by project. For the current Lista DAO project, the quest involves staking BNB in the ListaDAO Dapp, requiring BNB for Web3 wallet fees.
To consistently participate in Megadrop, it is advisable to keep a small amount of BNB in the Web3 wallet for fees.
What is ListaDAO’s LISTA?
LISTA is the governance token of Lista DAO. Users borrowing from Lista DApp can receive rewards in LISTA, similar to Binance Launchpool where users engage in liquidity farming using lisUSD and slisBNB pools. Additionally, LISTA tokens can be used for governance activities, including voting on proposals such as those related to minting lisUSD.
How to Earn LISTA in Megadrop
Transfer BNB: Transfer at least 0.012 BNB to your Web3 wallet. Lock Stake BNB: Lock stake your BNB for at least 30 days in Binance Locked Staking by clicking this link.Complete Web3 Quest: After staking, click "Megadrop" under "Recommend", then "Complete Web3 Quests." Ensure you’ve transferred at least 0.012 BNB into your Web3 wallet. Connect your wallet in the Lista DApp and stake at least 0.01 BNB to receive ListaDAO’s slisBNB. Verify Completion: Verify you’ve received 1,000 points for the Web3 quest and the correct amount of points for locked staking BNB.
Receiving LISTA Tokens
After completing and verifying everything, relax! You’ll receive LISTA tokens in your Binance Spot Wallet at 12:30 pm MMT (06:00 UTC) on June 20, 2024.
