TL;DR
- Binance MegaDrop platform launches Lista (LISTA): Binance unveiled Lista, a decentralized stablecoin protocol with liquid staking capabilities, as the second project on its MegaDrop platform.
- Earn LISTA tokens through staking or learning: MegaDrop offers flexibility in how you earn rewards. You can choose to lock up your BNB in Binance’s Locked Products for a set period to earn a Locked BNB Score. The longer the lock-up duration and the higher the amount of BNB you stake, the more points you’ll accumulate.
- MegaDrop rewards commitment: Binance’s scoring system incentivizes users who actively participate in MegaDrop. By strategically combining BNB staking and Web3 quest completion, you can maximize your potential rewards.
Binance, the leading crypto exchange, has announced Lista (LISTA) as the second project on its new MegaDrop platform. MegaDrop offers users early access to select Web3 projects before their tokens are officially listed on the exchange. It combines features from Binance Simple Earn and the Binance Web3 Wallet to create a unique airdrop experience.
Lista: Unveiling a Decentralized Stablecoin and Liquid Staking
Lista is a decentralized stablecoin protocol that also facilitates liquid staking. With a total supply of 1 billion LISTA tokens, the MegaDrop event will distribute 10% (100 million LISTA) to eligible participants. The initial circulating supply will be 23% (230 million LISTA).
Users have two options to earn LISTA tokens: locking up BNB in BNB Locked Products or completing educational Web3 Quests through their Binance Web3 Wallet.
Binance MegaDrop: A Blend of Engagement, Education, and Rewards
MegaDrop aims to provide an interactive experience that combines engagement, education, and rewards within the Binance ecosystem. To participate, users need to log in to their Binance account and subscribe to BNB Locked Products.
Additionally, they can complete designated Web3 Quests to accumulate points. A score-based system determines the reward distribution, with points awarded based on the amount and duration of BNB locked and completion of Web3 Quests.
The scoring system is multifaceted:
- Locked BNB Score: This is determined by the quantity of BNB subscribed and the subscription period. The longer the lock-up duration and the higher the amount of BNB locked, the greater the score.
- Web3 Quest Multiplier: This multiplier is applied when users complete all designated quests, boosting their overall score. Additionally, users receive a separate Web3 Quest Bonus for completing these tasks.
In preparation for future MegaDrop events, Binance has increased the maximum subscription limits for BNB Locked Products and updated the APRs. The new APRs range from 0.6% for a 15-day subscription to 1.69% for a 120-day subscription, incentivizing users to participate. More details on the scoring system and participation benefits can be found in the Binance FAQ.
